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Ichimoku forever

  • #7,761
  • Dec 26, 2009 8:29am Dec 26, 2009 8:29am
I wish you a Merry Christmas, i wish you a Merry Christmas and a happy New Year.

guys you have to stop working and enjoy the vacation
its a new year guyssssssssssssssssssssssss
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  • #7,762
  • Dec 26, 2009 9:16am Dec 26, 2009 9:16am
merry christmas and a hapy new year !
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  • #7,763
  • Dec 26, 2009 12:06pm Dec 26, 2009 12:06pm
ibtrader :

what is the best pairs for 1 hour timeframe ? USD pairs or JPY pairs ?

also ranging markets conditions can we open trade or need to wait for trending conditions ?

I know what you mean - when price hit ks line , you enter counter trade.
you do not wait for cloud to change direction or t & k to cross each other again to enter counter trade - that would be a bit late - because trend changes usually occur before t & k cross each other again or cloud change direction -- correct ??

thanks for advice
  • #7,764
  • Edited 1:12pm Dec 26, 2009 12:15pm | Edited 1:12pm
Quoting henryloving
hi Lbtrader,
how do you differentiate retracement from reversal points by using two timeframe? would you please elaborate more on this? A pic with explanation would be much appreciated.

Thanks, Henry
the principle is to take guidance from the higher TF to decide when to stay and when to exit. we do the reverse when making an entry, by looking for the trend at the daily or 4H then drop to a lower TF say 1H or 15M and wait for the best entry. here the entry is on the M2 chart and you will see in the charts below that once you enter you need to decide whether it is going to be a quick scalp or a trend riding trade. a quick scalp would see that you profit as soon as a S/R level is reached. a trend riding trade would require that you check the higher TF (5M in our case) to check if the trend is still intact i.e price has not reached a point of no return invalidating the trend. see the correlation between the two TF and see where the move retraced and where it ended( price turned at the top.
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  • #7,765
  • Edited Dec 27, 2009 12:02am Dec 26, 2009 12:56pm | Edited Dec 27, 2009 12:02am
Quoting webforex
ibtrader :

what is the best pairs for 1 hour timeframe ? USD pairs or JPY pairs ?

also ranging markets conditions can we open trade or need to wait for trending conditions ?

I know what you mean - when price hit ks line , you enter counter trade.
you do not wait for cloud to change direction or t & k to cross each other again to enter counter trade - that would be a bit late - because trend changes usually occur before t & k cross each other again or cloud change direction -- correct ??

thanks for advice
Hey man, there no such thing as best pair for 1H and best pair for 4H or daily. with ichimoku all pairs or instruments (gold, oil, sugar...) are good provided you get into the trend at the right moment and by that I don't mean the very beginning, but at a point where your entry will be safe and not take your SL as soon as you've entered. I would not advise you to take couter trades before you've mastered with-the-trend trades simply because they are riskier.
Ichimoku is a trend tarding system, but this doesn't mean you cannot trade in ranging markets, because some channels are several hundred pips wide. so there is always a trend between the lines of a channel, it's just a matter of time frame.
the KS breakout strategy is as good if not better than kumo breakout, you just have to enter with the trend and not counter trend because in this case you don't have enough room for your trade to profit.
  • #7,766
  • Edited 2:06pm Dec 26, 2009 1:42pm | Edited 2:06pm
Quoting lbtrader
Hey man, there no such thing as best pair for 1H and best pair for 4H or daily....
Just to make sure I'm following right...KS breakout strategy is when the red and blue lines cross right?

Thank you! Hope you had a great Christmas...
  • #7,767
  • Dec 26, 2009 2:03pm Dec 26, 2009 2:03pm
Quoting dmitry_dos
Just to make sure I'm following right...KS breakout strategy is KS over TS (red over blue) right?

Thank you! Hope you had a great Christmas...
thanks Dmitry and wishing you the same. I'm sorry but I should have corrected that, it's KS cross rather than breakout, and it's the second strategy discussed in the ichimokuwiki document on the first page of this thread. it's basically when price crosses the kijun sen. what you referred to is the TS/KS cross and not the KS/TS cross, because it's the TS that makes the cross as it has the shorter period (9 vs 26). the TS/KS cross is the first strategy discussed. if you haven't done so, I advise you to read this document as it has all the basic and advanced information you need.
  • #7,768
  • Dec 26, 2009 2:17pm Dec 26, 2009 2:17pm
lbtrader ,
have u traded ichi on stocks , or futures ? Everything what u describe and explain (thank u for that) works just as good , if not better with other instruments
  • #7,769
  • Edited Dec 27, 2009 12:00am Dec 26, 2009 2:27pm | Edited Dec 27, 2009 12:00am
Quoting Iskander
lbtrader ,
have u traded ichi on stocks , or futures ? Everything what u describe and explain (thank u for that) works just as good , if not better with other instruments
I have not traded stocks with ichimoku, but I have traded the e-minis and it works.
  • #7,770
  • Dec 26, 2009 4:37pm Dec 26, 2009 4:37pm
Quoting lbtrader
thanks Dmitry and wishing you the same....
Ohhh I see, my mistake.
Thank you.
  • #7,771
  • Dec 26, 2009 5:09pm Dec 26, 2009 5:09pm
During a recent argument with a person on one Forex Forum, I tried really hard to explain him that those who are doing Long Term Investments are NOT LOSERS as he thought so. According to him, he is the Super Scalper (he has got Fast in fact really fast computers and a customized software doing complex calculations and by using all this he Scalps) and all those who trade on Long term basis are LOSERS.
I take this statement as quite offensive, not that I’m myself a Long Term Investor (I’m more of a Swing Trader) but just because I like to respect all those traders (no matter short or long term) who have a system that can actually make money for them.

There is so much to do in market …

I decided to pull up a chart and show an example of how a Simple Strategy can give you more than 100% ROI in just around 9 months time by using just one Stock. Lets assume if you’re a house wife, busy with raising your kids and having a long list of family responsibilities. Of course, it wouldnt be easy for you to concentrate on each and every move of market and act like a Scalper but it doesnt mean you cant earn your share of money from the market. The same is true for someone who is working full time and has got an extremely busy schedule.
There is so much to do in market, if Forex is too fast for you, why not to look for simple Share Trading ? and even there, just concentrate on big reliable stocks where we’ve more volume than others.
Here is an example of how you could have ended up earning more than 25000 British Pounds of Profits in around 9 months time by putting 12000 British Pounds of investment …
Hope you find the article useful and thought provoking …

my point is that there is so much to do in market and its NOT JUST SCALPING

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  • #7,772
  • Dec 26, 2009 5:09pm Dec 26, 2009 5:09pm
Hello and thanks everyone for great ichimoku advice.

Here is my interpretation of the current trend for the Eur/Usd pair using ichimoku analysis.

Right now in the Eur/Usd pair the time frames below 3 hours show price above the cloud. The 3 hour price shows price progressing very slightly up through the cloud.

And the 1 day chart shows price just upturning but still deep below the cloud.

Notwithstanding basic price milestones for breakthrough or failure I would say this pair is now in an uptrend. Thus, the daily chart, especially, is a "lagging" rather than dominant indicator.
  • #7,773
  • Dec 26, 2009 5:49pm Dec 26, 2009 5:49pm
Quoting ichi360
During a recent argument with a person on one Forex Forum, I tried really hard to explain him that those who are doing Long Term Investments are NOT LOSERS as he thought so. According to him, he is the Super Scalper (he has got Fast in fact really fast computers and a customized software doing complex calculations and by using all this he Scalps) and all those who trade on Long term basis are LOSERS.
I take this statement as quite offensive, not that I’m myself a Long Term Investor (I’m more of a Swing Trader) but just because I like to...
I totally agree , I beleive trading style is a matter of personal preference . U need a larger account for stocks though , since leverage is way smaller there . Could u pls explain ur exit strategy "chinkou span broken" point ? i didnt really understand what was the exit signal .

P.S. lbtrader , or maybe u could ?
  • #7,774
  • Dec 26, 2009 6:45pm Dec 26, 2009 6:45pm
ibtrader :

1/ can you say if i want to enter trade at 1 hour timeframe , i have to look for similiar trend in 4 hour timeframe before entry ?

2/ suppose i enter trade when t & k cross and exit when t & k next cross again - what will happen ? profits at the beginning will be eaten up ??
  • #7,775
  • Dec 26, 2009 6:58pm Dec 26, 2009 6:58pm
guys, about lines down here...
"...Big banks who shorted EU at 1.51 or somewhere close, have Phds in math writing computer algorithims like crazies.

These Phds would have been in NASA or somewhere else but their is no budget to get these nuts over there.
So what they do, they find financial markets and write algos they would be writing to simulate flight paths and missile tracking systems.
If there is a wave, the quants ( phds ) can write algorithims to manipulate that wave, now that wave could be a forex or stock chart or a flight path.
You are up against these number crunching psychos when it comes to trading forex.
You have to have an edge, even a 10 pips per day but you got to have it, otherwise they will eat you alive.
So work on your edge, your system. You may never beat these geniuses nutjobs but you may be able to learn how to ride the wave they setup for all of us and eek some dough out of it, while riding their trend......."

...this is a copy from another thread, but I think it is a pure bullshit...
Just my opinion...

Thank for your opinion..
  • #7,776
  • Dec 26, 2009 9:37pm Dec 26, 2009 9:37pm
What was that ?

Quoting feri z kosic
guys, about lines down here...
"...Big banks who shorted EU at 1.51 or somewhere close, have Phds in math writing computer algorithims like crazies.

These Phds would have been in NASA or somewhere else but their is no budget to get these nuts over there.
So what they do, they find financial markets and write algos they would be writing to simulate flight paths and missile tracking systems.
If there is a wave, the quants ( phds ) can write algorithims to manipulate that wave, now that wave could be a forex or stock chart or a flight path.
You...
  • #7,777
  • Dec 26, 2009 11:59pm Dec 26, 2009 11:59pm
Quoting Iskander
I totally agree , I beleive trading style is a matter of personal preference . U need a larger account for stocks though , since leverage is way smaller there . Could u pls explain ur exit strategy "chinkou span broken" point ? i didnt really understand what was the exit signal .

P.S. lbtrader , or maybe u could ?
the Chikou span broke support means that it is no longer supporting the bullish sentiment because it has crossed the price from up down. having said that, I would not qualify (2) as a reason to exit, because the kumo was still bullish ( and this was a kumo breakout wasn't it?) so the only thing that would invalidate the kumo breakout would be a cross of the kumo in the opposite direction preceded by a bearish kumo twist which occured in (4). I would have instead exited partially and locked some profit then re-entered when it resumed its trend on (3).
just my view on the trade and also in hindsight.
  • #7,778
  • Dec 27, 2009 12:16am Dec 27, 2009 12:16am
Quoting webforex
Lbtrader :

1/ can you say if i want to enter trade at 1 hour timeframe , i have to look for similiar trend in 4 hour timeframe before entry ???
I would say that for trend confirmation try the daily because a day has 24 1H candles and 4H has only 4.

Quoting webforex
2/ suppose i enter trade when t & k cross and exit when t & k next cross again - what will happen ? profits at the beginning will be eaten up ??
the TS/KS cross would be invalidated by another TS/KS cross in the opposite direction, and that is a safe exit strategy, but as you said you will be giving up a lot of pips. That's why I don't use it for exit, and that's why I said that I use the CS trend line break in the opposite direction, but first you have to be sure that the trend has ended or is about to. This will come with experience, and even if you are taken out prematurely, you can always re-enter by anothe CS trend line break in the same direction.
  • #7,779
  • Dec 27, 2009 12:51am Dec 27, 2009 12:51am
Hi guys!

I have been reading on these hodidays lots of posts on this thread, and I have a question regarding trend following, because I have read losts of posts with comments like "we open trades in 1H, following kumo trend in daily", which of course is the basic idea of "following the trend", but my doubt is... what exactly means "kumo trend"?

As I understand, it means that kumo cloud must show the same direction of the trade we are willing to open with a "kumo cross"... If im right on this, then another question: as you know, the kumo is being drawn X bars shifted in the future, so a valid signal (for example, a long one) would be price aboe the cloud and a simple kumo cross in that "shifted future" or shall we have that cross already in the cloud where price is above (in the case of the long entry)?

Thanks!
And happy holidays!
  • #7,780
  • Dec 27, 2009 1:15am Dec 27, 2009 1:15am
Hi Iskander,

I would suggest not to take Entry and Exits too religiously. Keep it lose mate and relax yourself ...

You got to mix your feelings as that house-wife (who is not actively monitoring the market at all times) when you look at the chart attached. for her, its very important to LOCK all the possible profits as soon as she smells any danger of even a minor pullback ... did you notice she is not a PRO and she is not using any leverage ...

Lets put it this way, she is not into perfect Exits ... all she is interested in is that 26k of profits and it doesnt matter if sometimes the fear took over ...

The basic idea behind that post wasnt that chart but to show that how investment with SIMPLE strategies can get money to those who cant dedicate those lengthy hours to the market by just applying the KISS theory

hope you got it ...

Quoting Iskander
I totally agree , I beleive trading style is a matter of personal preference . U need a larger account for stocks though , since leverage is way smaller there . Could u pls explain ur exit strategy "chinkou span broken" point ? i didnt really understand what was the exit signal .

P.S. lbtrader , or maybe u could ?
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