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Ichimoku forever

  • #7,921
  • Jan 4, 2010 11:06pm Jan 4, 2010 11:06pm
Hey all,

I'm going to try and post a chart here. Can one of the experts take a look a the clouds and tell me why mine look so much thinner than the post metioned above? The cloud is the key so if I've got this wrong, it ain't going to work.

Settings are TS9 KS26 CS26 And Senkou has only one setting (26). Does not distinguish between A and B. I have a horizontal shift setting also which is at 26 period.

(Sorry if the chart doesn't show, it's letting me attach but it looks like an attached doc)

Let me know how I should tweak the clouds or if they look ok.

Thanks guys. Happy New Year and Happy Pipping!
Attached File(s)
File Type: doc chart.doc   52 KB | 482 downloads
Did I ever tell you how I got these pips?
  • #7,922
  • Jan 5, 2010 12:50am Jan 5, 2010 12:50am
I don't know the platform, but try changing Senkou setting to 52...?
  • #7,923
  • Jan 5, 2010 1:22am Jan 5, 2010 1:22am
Quoting Forex Fred72
Hey all,

I'm going to try and post a chart here. Can one of the experts take a look a the clouds and tell me why mine look so much thinner than the post metioned above? The cloud is the key so if I've got this wrong, it ain't going to work.

Settings are TS9 KS26 CS26 And Senkou has only one setting (26). Does not distinguish between A and B. I have a horizontal shift setting also which is at 26 period.

(Sorry if the chart doesn't show, it's letting me attach but it looks like an attached doc)

Let me know how I should...
I am using basic ichimoku setting, as well as probably al of us here 9, 26, 52.
Attached Image (click to enlarge)
Click to Enlarge Name: Dokument0000.jpg Size: 180 KB
  • #7,924
  • Jan 5, 2010 6:05am Jan 5, 2010 6:05am
Some fresh toughts on GBPUSD …
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_050110.PNG Size: 53 KB
  • #7,925
  • Jan 5, 2010 7:35am Jan 5, 2010 7:35am
GU looks ok, I entered when the hourly closed beneath the kumo and the H4 pierced the kumo. Daily is nicely in accordance with some bearish price action over the last few days.

Had a bit of a retrace, obviously the flat bottom of the kumo doing as expected and pulling the market up but the kumo is holding it. Would of been a nice place to enter on the pullback.

Looking at the 5min now, I think we also may have a bearish TSxKS in the next 10min or so, hopefully all good signs we're going down.
  • #7,926
  • Jan 5, 2010 8:46am Jan 5, 2010 8:46am
Quoting ichi360
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...
Very nice advice how to enter a long trade. I see that you did great job and earn a lot of pips, congratulations.
I have a question.
On AUD/JPY chart, before good entry I see two false signals (one bearish and one bullish) with breakout candle and CS out of kumo and on the right side of PA. Is there some indication that I missed and that can signal us not take trade. Also, were to put stop-loss. It looks like some 10-20 pips below TS will do the job.
  • #7,927
  • Jan 5, 2010 8:49am Jan 5, 2010 8:49am
Can you post a chart and highlight those two specific points please.



Quoting lord vader
Very nice advice how to enter a long trade. I see that you did great job and earn a lot of pips, congratulations.
I have a question.
On AUD/JPY chart, before good entry I see two false signals (one bearish and one bullish) with breakout candle and CS out of kumo and on the right side of PA. Is there some indication that I missed and that can signal us not take trade. Also, were to put [font=Times New Roman][size=3]stop-loss....
  • #7,928
  • Jan 5, 2010 1:48pm Jan 5, 2010 1:48pm
Quoting Checkz
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?
If u are really looking monthly chart for entry correction, then it might be long long long term trade, it will slow down your profit generation.
  • #7,929
  • Jan 5, 2010 1:49pm Jan 5, 2010 1:49pm
Quoting ichi360
Some fresh toughts on GBPUSD …
Can you share the Fisher Trend indicator in the chart here?
  • #7,930
  • Jan 5, 2010 1:51pm Jan 5, 2010 1:51pm
Ichi360, i have viewed your blogspot, it is very nice.. keep this good work
  • #7,931
  • Jan 5, 2010 4:50pm Jan 5, 2010 4:50pm
Quoting ichi360
Can you post a chart and highlight those two specific points please.
Hi
I marked two points that look like signals, but the PA just turned in wrong direction.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 67 KB
  • #7,932
  • Jan 5, 2010 6:47pm Jan 5, 2010 6:47pm
Hi Ichi360

Could you post your template and indicators

Always been a fan of Ichimoku, can be profitable when you use multiple time frames to confirm trend. Will come back to using either Ichi or support and resistance on the daily with fibs if Carmen indicator (which looks like a very good trigger) doesn't work out.

Cheers
  • #7,933
  • Jan 5, 2010 6:54pm Jan 5, 2010 6:54pm
Quoting kichigai
I don't know the platform, but try changing Senkou setting to 52...?
Thanks to Feri too! I knew I was missing something.

I truly appreciate the help. Do you know how I can get my charts to post visually as most people here seem to be able to do?

Thanks again!
Did I ever tell you how I got these pips?
  • #7,934
  • Jan 5, 2010 7:26pm Jan 5, 2010 7:26pm
Quoting Forex Fred72
Thanks to Feri too! I knew I was missing something.

I truly appreciate the help. Do you know how I can get my charts to post visually as most people here seem to be able to do?

Thanks again!
Hey Fred,
When you post a reply in the thread go down to manage attachements and use that to attach your chart that you saved from your charting platform.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,935
  • Jan 5, 2010 7:58pm Jan 5, 2010 7:58pm
Hi guys,

Best wishes for 2010!!!

I am looking at EURUSD. How do you interpret the SSB on the weekly chart, which is dropping to 1.38 level in coming weeks? May we say there is a potential for price falling to that level if the KS holds as resistance?

this pic was taken yesterday.

best,

A.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Ichi 2010 Jan 5.jpg Size: 94 KB
  • #7,936
  • Jan 5, 2010 8:05pm Jan 5, 2010 8:05pm
Quoting webforex
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
Hey Webforex,
Make reference to your 4hr Daily and perhaps even your weekly, Ichi is a trend following system. If you check the 4 hour it is firmly stuck in the cloud, knowing this you could go to a lower timeframe of your choice and catch those waves in the lower timeframe expecting price to find resistence or support at the edges of the cloud, the Chikou Span or the 4hour Kiju-sen. I don't personally trade on the higher timeframes but do the same thing using a 10 tick chart and the 15 minute as my higher TF reference. Try to only take take A Grade trades, ones that jump off the screen at you. These on the 1 hour were all in the cloud and lots of people bagged pips here for different reasons. Try looking at the same dates on lower timeframes or check other pairs at the same time that showed very clear reasons to trade.
I'm sorry the cahrt has writing all over it, lots more could be said and scribbled but it will give you something to work on. Don't forget about simple TS KS crosses but keep an eye on the higher TF for S/R, ie the cloud etc and be aware price may react at that level as it did in the chart.
Note. Yes I realise for some reason my MT4 does not match Ninja for some reason?
Don't forget that the dates on the chart are leading up to New Years also, trading activity was not high during that time, no news and party time etc.
Keep checking Ichi360s posts to get the mental picture of an A Trade Chart and experience also plays a part don't forget.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 5_01_2010 (60 Min).jpg Size: 187 KB
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,937
  • Jan 5, 2010 10:26pm Jan 5, 2010 10:26pm
Thats right ... these are the kind of trades that needs to be avoided and I'm currently working on the best way to do that. For now, I've no idea how to avoid it but a good MM and RM will surely help ...



Quoting lord vader
Hi
I marked two points that look like signals, but the PA just turned in wrong direction.
  • #7,938
  • Jan 5, 2010 10:36pm Jan 5, 2010 10:36pm
If you promise me not to take me wrong, I might leave my 2-cents here.

What I've noticed is the following things:

1. New Comers are starting with Lower Timeframes such as 1H. Well, you can even trade on 1Min chart if you like but the general accepted fact in trading world is that Lower the TF, higher the chances for Whipsaws. If I were you, I would have started trading in normal Stocks on Daily Charts and once I've got the hold of Ichimoku Logic then I would start looking at lower TFs in stages

2. Most of the people are trying to find the IDEAL / PERFECT trades (doing best to avoid the Range bound zones for example). Trading is not about 100% correct trades at all times, its about Averaging your profits, the idea is to get rid of Loser Trades as fast as possible and let the Winning Trades as long as possible. All is well that ends well ...

3. Problem is that Ichimoku presents such as easy picture when you start learning it. I've heard people saying "hey, this is damn easy mate, just few lines to watch, above kumo is Bullish and below its Bearish ... wow, too easy" ... absolutely WRONG. Its a whole new world inside this system, the more you get into it, the more you'll learn that how little you know about this system so far. My advise is NOT to rush out things and keep learning about Ichimoku. IMO, it takes around a good couple of years overall ...

Good luck ...
  • #7,939
  • Jan 6, 2010 12:45am Jan 6, 2010 12:45am
Quoting ichi360
If you promise me not to take me wrong, I might leave my 2-cents here.

What I've noticed is the following things:

1. New Comers are starting with Lower Timeframes such as 1H. Well, you can even trade on 1Min chart if you like but the general accepted fact in trading world is that Lower the TF, higher the chances for Whipsaws. If I were you, I would have started trading in normal Stocks on Daily Charts and once I've got the hold of Ichimoku Logic then I would start looking at lower TFs in stages

2. Most of the people are trying to find the IDEAL...
What he said*2
That should be stickied at the begining of the thread if Vic can arrange it or maybe we should ask for you to have Moderator Status.
As for lower TF and in my case very low timeframes, you absolutely must have very tight stops and trade only in active times, low volume can ruin your account in a week.
I can account for whipsaw, I had my worst night for a long time trading outside my normal London Frankfurt open. Timely post indeed.
Patience and fortitude conquer all things. Ralph Waldo Emerson
  • #7,940
  • Jan 6, 2010 12:53am Jan 6, 2010 12:53am
While I've been driving around I was thinking about my chart above and really wanted to have put. Potential Trade because "it meets rules" or something like that, if you know what I mean and I'm sure that was what was being asked.
BTW, I aim only for about 10 or 15 net pips per day, that equates to a nice % gain on my account per day and keeps the trading day short and less stressful. You longer TF guys aim for 100s pips per trade so my Scalping is very different.
Patience and fortitude conquer all things. Ralph Waldo Emerson
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