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Ichimoku forever

  • #7,701
  • Edited 2:43pm Dec 23, 2009 2:24pm | Edited 2:43pm
Quoting dmitry_dos
Hello lbtrader,
Thank you very much for your reply.
Well, I know I hit some resistance, after which, price pulled back...but how do you anticipate if it's going to continue or pull back?
My reason for asking an experienced person's advice, was to have a piece of tested knowledge on how to avoid such drawdowns using Ichi...rather than thinking "this is probably what it was".
My trigger and SL strategy was basically the rules that were posted: evaluate the trend, make sure all criteria meet, use lower time frame for better entry, SL below cloud.
I'd...
Hello Dmitri, I understand your request, but my reason for posting the charts was to clarify something that I thought you might have missed and making you realize on your own the thinking process involved with ichimoku because that's what this thread is about, making people realize on their own and at their own pace, not follow somebody who thinks they have the knowledge myself included.
In any case, I would have liked that you showed me exactly on the chart where you thought that all the criteria were met because in the charts I gave, there were clear indications that strong resistance/support was facing ahead of your trade, and therfore you should have waited to clear that resistance. in the case of GU, the price was in a channel and ranging, therefore a break below that channel would have reduced the likelyhood your SL being activated, the same with UJ, that rectangle shows again the power of Chikou span as a filter against impulse trading, beware when it is moving sideways, this means it is reversing soon especially if it occurs far away from the original breakout signaling the end of the move, which is where you took your trades.
  • #7,702
  • Dec 23, 2009 2:30pm Dec 23, 2009 2:30pm
Quoting egkid
Any idea about Euro/Gbp
this daily chart and berish but where could be the best place to sell with less risk?
Note there is double top and then double bottom and now we are at neckline
wecould sell with sl above neckline or wait....
Hey Eg how r u?
in the charts below, the sell opportunity is probably a bit far at the edge of the flat daily kumo, but first we need a close above the KS to strengthen the move upwards. On the 4H however a buy signal might trigger earlier with this breakout when it retraces back to the flat kumo or the ascending TS.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: egsell231209.gif Size: 25 KB
Click to Enlarge Name: egbuy231209.gif Size: 27 KB
  • #7,703
  • Dec 23, 2009 2:39pm Dec 23, 2009 2:39pm
Quoting lbtrader
Hey Eg how r u?
in the charts below, the sell opportunity is probably a bit far at the edge of the flat daily kumo, but first we need a close above the KS to strengthen the move upwards. On the 4H however a buy signal might trigger earlier with this breakout when it retraces back to the flat kumo.
Thanks bro
Agree and i will wait
  • #7,704
  • Dec 23, 2009 2:42pm Dec 23, 2009 2:42pm
What's the shortest timeframe you scalp from. I saw a 15 minute chart on your site. Also do you wait for the CS to breakthrough the Kumo before you enter a trade or just use it as further confrimation.
  • #7,705
  • Dec 23, 2009 3:21pm Dec 23, 2009 3:21pm
I see $cad had a tough time breaking out to the upside.

End of December holiday trading, but me thinks lower.

I would stay short until we see a break in the overall down trend.

Trend is your friend until it ends or bends.

good hunting,

golferfx
Attached Image (click to enlarge)
Click to Enlarge Name: cad daily.gif Size: 20 KB
  • #7,706
  • Dec 23, 2009 4:19pm Dec 23, 2009 4:19pm
Please feel free to download the MTF Ichimoku Monitor v1 which shows the following stuff for 1H, 4H, Daily and Weekly timeframes:

1. PA: Price Action against the Kumo Cloud
2. P/KS: Price Actions against the Kijun-Sen
3. TS/KS: Tenkan-Sen v/s Kijun-Sen (Crossover Strength doesnt matter, just wether its above or below)
4. CS: Chikou-Span Bias

The idea is to get the basic information about MTF trends within a small space and not having to dedicate a whole area for a bigger indicator on chart.

Here is the download link: http://www.ichi360.com/?p=1585

Good luck ...
Attached Image (click to enlarge)
Click to Enlarge Name: ichi360 Monitor V1.png Size: 49 KB
  • #7,707
  • Dec 23, 2009 4:21pm Dec 23, 2009 4:21pm
Quoting lbtrader
Hello Dmitri, I understand your request, but my reason for posting the charts was to clarify something that I thought you might have missed and making you realize on your own the thinking process involved with ichimoku because that's what this thread is about, making people realize on their own and at their own pace, not follow somebody who thinks they have the knowledge myself included.
In any case, I would have liked that you showed me exactly on the chart where you thought that all the criteria were met because in the charts I gave, there were...
Hello lbtrader,
Ahhh...the sweet scent of valuable information
Your approach actually worked, I saw what you were talking about.
I was actually just going by the rules, without paying attention to S/R lines...I posted the different time frames of each pair to show that the criteria seemed to be met on each time frame at the time I took the trade, per the rules (red line had crossed blue above cloud, prices were above cloud and span above price curve).
Did you anticipate the strong resistance earlier by Pivots or Fibo, or by the price movement after it couldn't penetrate that resistance point?
As always, thank you so much for your insight.
Dmitry
  • #7,708
  • Dec 23, 2009 4:21pm Dec 23, 2009 4:21pm
Quoting ichi360
Please feel free to download the MTF Ichimoku Monitor v1 which shows the following stuff for 1H, 4H, Daily and Weekly timeframes:...
Thank you and good luck
Happy new year
  • #7,709
  • Dec 23, 2009 4:41pm Dec 23, 2009 4:41pm
Some members have problem in downloading this PDFs before sorry for that
now it fixed plz feel free and PM me if any one have problem with it:

Ichimoku_Charts_-_An_Introduction_to_Ichimoku_Kinko_Clouds.rar

Ichimoku_Charts_-_How_to_read_Clouds_for_Profitable_Advantage.ppt

Ichimoku_Charts_-_How_to_read_Clouds_for_Profitable_Advantage.zip (PDF)

__Chikou__span__trend__line__break_-_LB_Trader__The_Great_Hunter_.pdf

Happy new your and keep your sword sharp
  • #7,710
  • Dec 23, 2009 5:49pm Dec 23, 2009 5:49pm
Quoting EgyTrader
Some members have problem in downloading this PDFs before sorry for that
now it fixed plz feel free and PM me if any one have problem with it:

Ichimoku_Charts_-_An_Introduction_to_Ichimoku_Kinko_Clouds.rar

Ichimoku_Charts_-_How_to_read_Clouds_for_Profitable_Advantage.ppt

Ichimoku_Charts_-_How_to_read_Clouds_for_Profitable_Advantage.zip...
Thanks a lot EgyTrader
  • #7,711
  • Dec 23, 2009 6:49pm Dec 23, 2009 6:49pm
Im still having trouble opening up EgyTrader Pdf. Has anyboby open it and been able to read since EgyTrader fixed the problem!
  • #7,712
  • Dec 23, 2009 7:02pm Dec 23, 2009 7:02pm
Quoting Checkz
Im still having trouble opening up EgyTrader Pdf. Has anyboby open it and been able to read since EgyTrader fixed the problem!
The problem was in downloading not in read it
which PDF you can not read?

and try to install this software maybe fix the problem:

http://www.filehippo.com/download_foxit/


Best Regards
  • #7,713
  • Dec 23, 2009 7:27pm Dec 23, 2009 7:27pm
Well,

I've even tried scalping on 1Mn timeframe and in contrast to those who claim (and the funniest thing is that they have never ever used Ichimoku in their life) that Ichimoku can only work on Daily and Weekly TF, I believe it works the same on each timeframe without any restrictions.

Trading in general gives you better results on larger timeframes as you'll have whipsaws on shorter TF but thats nothing to do with Ichimoku, it would have been same if we were scalping with popular systems such as Moving Avg, MACD or RSI.

These days, I'm not doing much scalping on Forex and I generally trade with 4H on Major / Minor Pairs while Daily on Exotics such as SGD, ZAR, NOK and SEK. I only scalp on Future Indices (FTSE100, NASDAQ and ASX200) and Commodities (Gold and Oil) on 15mn TF and thats working quite well actually.

BTW, I've yet to hear a technical reason / justification that Why Ichimoku *** CAN NOT *** be used for short term Scalping but Moving Averages or MACD can

Quoting Checkz
What's the shortest timeframe you scalp from. I saw a 15 minute chart on your site. Also do you wait for the CS to breakthrough the Kumo before you enter a trade or just use it as further confrimation.
Attached Image (click to enlarge)
Click to Enlarge Name: ichimoku_Scalping_example001.PNG Size: 44 KB
  • #7,714
  • Dec 23, 2009 7:29pm Dec 23, 2009 7:29pm
Quoting ichi360
Please feel free to download the MTF Ichimoku Monitor v1 which shows the following stuff for 1H, 4H, Daily and Weekly timeframes:...
this information appear only when I select full screen mode
  • #7,715
  • Dec 23, 2009 7:46pm Dec 23, 2009 7:46pm
Full Screen Mode ? Not sure if I got you ...


Quoting EgyTrader
this information appear only when I select full screen mode
  • #7,716
  • Dec 23, 2009 7:48pm Dec 23, 2009 7:48pm
Quoting ichi360
Full Screen Mode ? Not sure if I got you ...
Hi Asher

When I load the indicator to my chart no thing appear
but when I select screen mode I see it in the right downside
  • #7,717
  • Dec 23, 2009 7:59pm Dec 23, 2009 7:59pm
OK, got it.

There are a couple of Properties (as shown in picture) which you'll need to set according to your screen size and choice. By using these properties, you can actually move this to anywhere on your chart.


Quoting EgyTrader
Hi Asher

When I load the indicator to my chart no thing appear
but when I select screen mode I see it in the right downside
Attached Image
  • #7,718
  • Dec 23, 2009 8:21pm Dec 23, 2009 8:21pm
Quoting ichi360
OK, got it.

There are a couple of Properties (as shown in picture) which you'll need to set according to your screen size and choice. By using these properties, you can actually move this to anywhere on your chart.
thank you very much this is work

best regards
  • #7,719
  • Dec 23, 2009 10:09pm Dec 23, 2009 10:09pm
Guys .. Very Important For those who are YOUNG And FOR ELDER GUYS TOO!!!

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What is Golden Number guys It is 1.618, this is The same Ratio we are using on our FOREX TRADING. It is Every thing ..

[IMG]file:///D:/DOCUME%7E1/Ashish/LOCALS%7E1/Temp/msohtml1/01/clip_image001.jpg[/IMG]
In mathematics and the arts, two quantities are in the golden ratio if the ratio of the sum of the quantities to the larger one equals the ratio of the larger one to the smaller. The golden ratio is an irrational mathematical constant, approximately 1.6180339887....


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Basically A person who is considered to be beautiful also possesses perfect symmetry in the physical shape of their bodies. By this we mean that whatever curves are represented on one side of the body are perfectly mirrored on the other. Symmetry also refers to the curvaceous shape around the muscles of the limbs and the cheeks of the face. Symmetry covers the shape of the eye sockets, the concave curvature of the nose bridge relative to the arch of the eyebrows which should be mirrored in the lips by a ratio of approximately 1.618 – also known as the Golden Ratio.




so it this real and Possible yes it is..........


HOW CAN THE FHI 1.618 tell Us WE ARE Measurement



Stephen Marquardt, a retired California plastic surgeon who researches attractiveness, has moved from beauty's medical side to its mathematical side. He notes that a certain ratio has been found to recur in beautiful things both natural (flowers, pine cones, seashells) and man-made (the Parthenon, Mozart's music, da Vinci's paintings). This "golden ratio" is 1:1.618, with the number rounded to 1.618 known as "phi."
Using phi as his guide, Marquardt designed a mask that applies the golden ratio to the face. For example, the ideal ratio between the width of the nose and the width of the mouth is -- you guessed it -- 1:1.618. The closer a face fits the mask, he finds, the more attractive the face is perceived to be. "Even average-looking people fit the mask, just not as closely as really attractive people," he says. "A lot of this is biology. It's necessary for us to recognize our species. Humans are visually oriented, and the mask screams, 'Human!' "




SO HERE VINCY PHOTO


this on Digit

http://i46.tinypic.com/24pdncl.jpg

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http://i49.tinypic.com/23h693k.jpg


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DRAGON-TECHNICAL ANALYSIS!
  • #7,720
  • Dec 23, 2009 10:31pm Dec 23, 2009 10:31pm
Quoting ichi360
Full Screen Mode ? Not sure if I got you ...
I signed up for your Intraday Trade Bias in your Inbox pdf last night and i saw where it posted today. When will it be emailed to me?
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