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Ichimoku forever

  • #7,881
  • Jan 2, 2010 2:21am Jan 2, 2010 2:21am
Post of the Week IMO

If I were to choose my New Year Resolution, it would be to control "Closing winning trades early"

Quoting chngster
Trading Mistakes 101

A bit of holiday reading + reflection for the new year....
  • #7,882
  • Jan 2, 2010 2:36am Jan 2, 2010 2:36am
Quoting blunderbuss
I changed my pic from the coke-snorting one, but IMO, the original pic
was nothing to get uptight about.
Glorify the taking of drugs is something to get up tight about.
  • #7,883
  • Jan 2, 2010 6:10am Jan 2, 2010 6:10am
hi
any news from VIC
Samer
  • #7,884
  • Jan 2, 2010 7:06am Jan 2, 2010 7:06am
Yupps, he is alright, I guess enjoying his holidays.

I did have a PM from him earlier today.

Quoting samer960
hi
any news from VIC
Samer
  • #7,885
  • Jan 2, 2010 7:09am Jan 2, 2010 7:09am
thank you . good to know he is ok

Quoting ichi360
Yupps, he is alright, I guess enjoying his holidays.

I did have a PM from him earlier today.
  • #7,886
  • Edited 8:20am Jan 2, 2010 8:08am | Edited 8:20am
Quoting ichi360
Since everyone seems to be quite interested in the Exit Strategies, I thought I would share my 2-cents ...

RSI, one of the most mis-understood and under-estimated tool ever is your best friend to know when to exit. Unfortunately, very few have tried understanding what RSI is trying to tell us ... its not as simple as seeing whats over-sold and over-bought ...

Here are few tips for you guys ...

Exit Strategy for Long Orders:
1: Whenever the RSI falls 10% or more.
2: If the RSI falls down less than 10% and when it runs up it doesn’t break...
Hi - very interested in learning more about this. I don't have a problem getting into trades - my biggest challenge is staying in them!! And knowing when to exit.

So, what RSI setting are you talking about with the above exit strategy?

Also, I googled Samuel Rondault, but couldn't find much. Could you possibly point me in the right direction?

Many thanks,

GT3RS
  • #7,887
  • Jan 2, 2010 9:19am Jan 2, 2010 9:19am
ichi360 :

when market is trending , after entry , should have no problem making some profits.

I always locked in some profits after some profits is made in the beginning .

when market is ranging , is a different story

QUESTION :

How to avoid entering trade in ranging markets ?

what signs to look out for before entry ?

I trade ichimoku using the 1 hour TF

many thanks
  • #7,888
  • Jan 2, 2010 4:33pm Jan 2, 2010 4:33pm
Folks,

May the Pips be with you in the year of 2010.

A Properous Happy New Year.

Cheers
Ricky
Melbourne
  • #7,889
  • Jan 2, 2010 4:52pm Jan 2, 2010 4:52pm
[quote=ichi360;3329894]Guys,


The Strategy is that you just Keep adding a new Position at the Open of a new Bar / Candle as long as:

1. The Price as well as Kijun-Sen is Above Kumo Cloud
2. The Price is Above Kijun-Sen
3. Cover the position if Price gets below Kijun-Sen
4. Cover all the Positions if Kijun-Sen gets below Kumo Cloud

For Exit, you work on a Fixed number, so lets say 60 pips for each position (based on 4H timeframe).

Hi Asher,

Good day!

Would like to know what do you mean by cover the positions in the above Red fonts.

Thanks
Cheers Mate.
Ricky
  • #7,890
  • Jan 2, 2010 7:38pm Jan 2, 2010 7:38pm
Quoting ichi360
Anyone out here interested to look at the possibility of coding the Kumo Breakout Indicator with Alerts ...
Hi guys!
I can code the indicator with the alarms. Can you detailed me which rules the indicator will follow in order to give the alarms?

Jed
  • #7,891
  • Jan 2, 2010 11:29pm Jan 2, 2010 11:29pm
Quoting blunderbuss
I changed my pic from the coke-snorting one, but IMO, the original pic
was nothing to get uptight about.
I totally agree
  • #7,892
  • Jan 2, 2010 11:32pm Jan 2, 2010 11:32pm
Quoting Fourxxxx
Glorify the taking of drugs is something to get up tight about.
I highly doubt he was "glorifying" the taking of drugs...lol
  • #7,893
  • Jan 3, 2010 12:15am Jan 3, 2010 12:15am
Hi, Ichi360,

Do you only use Ichimoku in trading? or do you use other indicators or pivot points? Thanks.
  • #7,894
  • Jan 3, 2010 4:10am Jan 3, 2010 4:10am
Quoting ichidakiller
Guys anything stopping me taking a short on gbpchf

Daily trend is down with a medium Ts/Ks cross

H4 trend is down with price closing below Ts

H1 Ts/Ks cross down, with price closing below Ts

All signs say do it

What do you think

...I just studied a GBP CHF chart a little bit, and in that time , you has wrotten your message, the price WAS IN THE KUMO... so according to vic`s rules, we should stay out of trade isnt it?

But, if you stayed out, you did very well, cos price jumped above the kumo, but ts/ks is still inside... So, if I will do trade on this chart, I will wait to PA above kumo and ts ks to go up , from kumo ..and then go long...
... just my opinion...
  • #7,895
  • Jan 3, 2010 6:56am Jan 3, 2010 6:56am
Ichimoku is my Analysis tool but I also use Belkhayate COG and RSI for refiined Entry and Exit points.

Cheers,
Asher

Quoting wah_castle
Hi, Ichi360,

Do you only use Ichimoku in trading? or do you use other indicators or pivot points? Thanks.
  • #7,896
  • Jan 3, 2010 7:21am Jan 3, 2010 7:21am
[quote=SurfRider;3335879]
Quoting ichi360
Guys,


The Strategy is that you just Keep adding a new Position at the Open of a new Bar / Candle as long as:

1. The Price as well as Kijun-Sen is Above Kumo Cloud
2. The Price is Above Kijun-Sen
3. Cover the position if Price gets below Kijun-Sen
4. Cover all the Positions if Kijun-Sen gets below Kumo Cloud

For Exit, you work on a Fixed number, so lets say 60 pips for each position (based on 4H timeframe).

Hi Asher,

Good day!

Would like to know what do you mean...
Cover means Close.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,897
  • Jan 3, 2010 8:35am Jan 3, 2010 8:35am
Sorry for repeating this, but this thread moves so fast, it is in danger of disappearing!

Quote:
Originally Posted by ichi360
Since everyone seems to be quite interested in the Exit Strategies, I thought I would share my 2-cents ...

RSI, one of the most mis-understood and under-estimated tool ever is your best friend to know when to exit. Unfortunately, very few have tried understanding what RSI is trying to tell us ... its not as simple as seeing whats over-sold and over-bought ...

Here are few tips for you guys ...

Exit Strategy for Long Orders:
1: Whenever the RSI falls 10% or more.
2: If the RSI falls down less than 10% and when it runs up it doesn’t break...
Hi - very interested in learning more about this. I don't have a problem getting into trades - my biggest challenge is staying in them!! And knowing when to exit.

So, what RSI setting are you talking about with the above exit strategy?

Also, I googled Samuel Rondault, but couldn't find much. Could you possibly point me in the right direction?

Many thanks,

GT3RS
  • #7,898
  • Jan 3, 2010 12:49pm Jan 3, 2010 12:49pm
Quoting ichi360
The Strategy is that you just Keep adding a new Position at the Open of a new Bar / Candle as long as ...
Hey Ichi360, thanks for this strategy!

Are you aware of some other strategy for adding positions on Ichimoku Cloud? Maybe we could use some other trend confirmations?
  • #7,899
  • Jan 3, 2010 3:52pm Jan 3, 2010 3:52pm
I'll write you a detailed reply soon ...

Quoting Gt3rs
Sorry for repeating this, but this thread moves so fast, it is in danger of disappearing!

Quote:
Originally Posted by ichi360...
  • #7,900
  • Jan 3, 2010 8:06pm Jan 3, 2010 8:06pm
SHORT
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