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Ichimoku forever

  • #7,901
  • Jan 3, 2010 8:44pm Jan 3, 2010 8:44pm
Quoting samer960
SHORT
Yeah good trade dude, I would have done the same on my 5M strategy if I was not at work! Entry around 4315, and although not sure how long ur trade horizon is (1H TF?), but in my 5M manner I would now exit around 4285 more or less as there is a bullish cross (on 5M) coming up + momentum is dropping off.

Good luck!
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #7,902
  • Jan 3, 2010 9:35pm Jan 3, 2010 9:35pm
ichi360 :

you add very accurate entry price in your indicator ichi360v6

it would be nice if you can also add exit signal trade / exit price ??
  • #7,903
  • Jan 3, 2010 9:42pm Jan 3, 2010 9:42pm
But wouldnt that become an EA then



Quoting webforex
ichi360 :

you add very accurate entry price in your indicator ichi360v6

it would be nice if you can also add exit signal trade / exit price ??
  • #7,904
  • Jan 3, 2010 10:33pm Jan 3, 2010 10:33pm
ichi 360

no - for forex newbie like us , we need guidance when to exit.

after we become a master like yourself, we no need any more

just simple signals will do . like warning signs .................

The current v6 version , how to watch out for exit ?

when 2 of the 4 signals - pa, p/ks ,ts/ks, /cs change color ?
  • #7,905
  • Jan 3, 2010 10:54pm Jan 3, 2010 10:54pm
Quoting webforex
ichi 360

no - for forex newbie like us , we need guidance when to exit.

after we become a master like yourself, we no need any more

just simple signals will do . like warning signs .................

The current v6 version , how to watch out for exit ?

when 2 of the 4 signals - pa, p/ks ,ts/ks, /cs change color ?
I too was having a problem coming up with an exit stratergy but now I just move my stoploss when I acheive a certain amout of pips, say 50-100 pips profit. This way I either breakeven with zero losses or I take in some kind of profit big or small. Somtimes waiting on the ts/ks crosses caused me to loss more pips than I gained. Im just doing it this way until I learn exactly how to exit my trade like the vic_elc, ichi360, and lbtrader and all the rest of you smart guys here.
  • #7,906
  • Jan 4, 2010 12:10am Jan 4, 2010 12:10am
Quoting Checkz
Somtimes waiting on the ts/ks crosses caused me to loss more pips than I gained.
same here.

especially when market is ranging .

if market is trending , sometimes still have some pips left

so do not wait for ts/ks cross........

need early exit

I am talking about closing trade
  • #7,907
  • Jan 4, 2010 12:53am Jan 4, 2010 12:53am
The best thing I can suggest is to trade on larger tf, Daily or at least 4H ...



Quoting webforex
same here.

especially when market is ranging .

if market is trending , sometimes still have some pips left

so do not wait for ts/ks cross........

need early exit

I am talking about closing trade
  • #7,908
  • Jan 4, 2010 1:09am Jan 4, 2010 1:09am
ichi 360 :

E/U 1 hour TF is up 49 pips at this time of posting from your indicator

when 3 of the 4 signals - pa, p/ks ,ts/ks, /cs change color -- we exit ok ?
  • #7,909
  • Jan 4, 2010 3:33am Jan 4, 2010 3:33am
Quoting ichi360
I'll write you a detailed reply soon ...
Many thanks!
  • #7,910
  • Jan 4, 2010 3:47am Jan 4, 2010 3:47am
I prefer using Ichimoku on daily chart for trend filter
  • #7,911
  • Jan 4, 2010 6:35am Jan 4, 2010 6:35am
Stupid me, great system for trading even allowing for operator error. I hope others still do this but I shorted EU instead of the Cable only watch the Cable run down for 30+ pips while the Euro continues to gain tiny bits.
Finally a whole $13 in profit lol. Now closed as we speak for $43 profit. How frustrating when I could have had bags of pips on the Cable.
Oh well profit is Profit I guess.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,912
  • Jan 4, 2010 12:44pm Jan 4, 2010 12:44pm
could anybody explain, or has anybody experiences with TURTLE SYSTEM or Turtle method??? this is first quest...
Second is, if I want to trade vic method, BUT 4H TF, am I watching Daily or Weekly chart for trend filter??
Please....

Thank You!!!!
  • #7,913
  • Jan 4, 2010 1:17pm Jan 4, 2010 1:17pm
There are Daily and Hourly TF charts down here... Does anybody mean that it is a good time to go SHORT??

Or is better to wait for closing a DAILY candle? ( I would wait...)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF Daily.jpg Size: 165 KB
Click to Enlarge Name: GBPCHF H1.jpg Size: 202 KB
  • #7,914
  • Jan 4, 2010 1:32pm Jan 4, 2010 1:32pm
I don' think that the daily chart is in a good trend, also the chikou-span of daily can ease find support and return the price action
  • #7,915
  • Jan 4, 2010 2:18pm Jan 4, 2010 2:18pm
Quoting dreamtheater
I don' think that the daily chart is in a good trend, also the chikou-span of daily can ease find support and return the price action
and KS (blue) is still flat... I found out now
  • #7,916
  • Jan 4, 2010 6:33pm Jan 4, 2010 6:33pm
No problems with exits, but I can't seem to find a way for a proper entry and where the direction of price is going to go on the 1H!!! Looks so easy when just watching the charts...

SO FRUSTRATED!!!
  • #7,917
  • Jan 4, 2010 7:17pm Jan 4, 2010 7:17pm
Its no more a Secret that how much I love Kumo-Breakouts, I’m sure you’ve noticed already that most of my Ichimoku Trades and Entries are actually based on Kumo-Breakouts and the reason is that I’ve found it to be the most reliable Entry Setup …
Also, I’ve been looking at this wonderful Indicator called Alternative Ichimoku, its actually a modified version of Standard Ichimoku System and is freely available at http://codebase.mql4.com/en/1467
Although its not the way Victor Lukashuck (original author of Alternative Ichimoku) uses this system, I’ve been researching on the following setup and it seems to be working quite well, here are the rules:

 

  1. Look for Kumo Breakout, rule is that the Candle Opens Below the Kumo Cloud and Closes above the Kumo Cloud (in case of a Bullish Entry, rules will reverse for a Bearish Entry)
  2. However, its not that simple to just look for Kumo-Breakout. The condition is that the Chikou-Span must confirm the Sentiment (Bullish or Bearish)
  3. Exit depends on your Trading Personality. Feel free to use anything you like, RSI (over-bought / over-sold), Pivot Points and etc. I, however prefer to use Chikou-Span’s Cross in reverse direction

There is still so much room for improvement and I’m currently working / thinking on making it even better … feedback / ideas will be highly appreciated.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: AlternativeIchimoku_001.PNG Size: 40 KB
Click to Enlarge Name: AlternativeIchimoku_002.PNG Size: 40 KB
Click to Enlarge Name: AlternativeIchimoku_003.PNG Size: 40 KB
Click to Enlarge Name: AlternativeIchimoku_004.PNG Size: 37 KB
  • #7,918
  • Edited 7:58pm Jan 4, 2010 7:45pm | Edited 7:58pm
hi
1-are u using the settings suggested by the person who developed the alternative ichi ?
2- what r the advantages of using this modified ichi compared to the original one ?
samer
  • #7,919
  • Jan 4, 2010 8:25pm Jan 4, 2010 8:25pm
I have decided to trade from a longtrend stand point? Here's my question I am trading Eur/Usd and the monthly and weekly chart show it is in an uptrend but the daily shows it's in a downtrend. Should I just wait for the daily to line up with the monthly and weekly uptrend before I enter a long position or am I looking at it the wrong way?
  • #7,920
  • Edited Jan 5, 2010 12:06am Jan 4, 2010 8:35pm | Edited Jan 5, 2010 12:06am
ichi360 and other guys :

Most of the picture and charts shown on this thread are "after action" pictures and charts.

Most of charts show huge profits in trending market conditions.

I attached here a chart of losing trades if we were to enter trade using normal
entry conditions.

Can tell us ichimoku newbie users how to avoid entering into such trades ?

what important things to look out for ?

many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ichi6.gif Size: 30 KB
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