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Ichimoku forever

  • #8,001
  • Jan 8, 2010 1:48pm Jan 8, 2010 1:48pm
Quoting Adipati
Hi mate,

The SAFEST WAY to trade is "Trade the Trend", and not "Trade against the Trend" (unless you are an experienced trader like lbtrader). Meaning, whatever trade you take, make sure you understand what happened at higher timeframe.
You quoted that there was a false breakout at 4h simply because the price is inside the Kumo. But let me show you a EUR/GBP charts attached. At 4h, the price is above/outside the Kumo and yet it is still a false breakout. And take a look at Daily, the price keeps testing the Daily Kijun...
excelent explanation!
I saw that particularly chart, that I was wrtting about.. I cant remember which one it was, but, PA was in the kumo.. If I would seen this, eu gbp chart, I probably, would found same reason to STAY AWAY from the trade...
I think...
Cos, when I want to enter, I am checking Daily pretty good, man.
But anyway, when I want to trade 4H TF.. which higher TF to watch to see trend? Daily, or weekly? Because, for 1H is Daily obvious isnt it...
  • #8,002
  • Edited 3:08pm Jan 8, 2010 2:18pm | Edited 3:08pm
Quoting FXJon
Hi Sohocool,

Thanks for the kool indi.
Just have one question how do you calculate the daily kijun is that you leave the period at 26 and put timeframe as 24? Thanks in advance.

FXJon

Hi FXjon,

Be careful: on this indicator ,tframe =24 don't mean 24 hours,

but mean the number of candles(24).

-if you are in 1 hour chart and you put tframe =24 ,you have 1hour candle x 24 pcs
= 24 hours : by this way you have the 24 hours(daily)kijun.

-if you are in 4 hours chart and you want the daily Kijun ,you must set with tframe= 6 (4h x6 =24h).

i hope ,i am clear !!

have a nice week-end
KISS&V :Keep it simple safe & visual
  • #8,003
  • Jan 8, 2010 2:23pm Jan 8, 2010 2:23pm
Quoting Adipati


Personally, for me, I'd like to keep my chart simple and without so many additional indicators on it. If you must, you can open two charts side by side, first being your major trend, and second is your trade trend. I'm afraid you will confuse yourself if too many lines and clouds accumulated in one chart

You are right ,often, too many informations kill information.
KISS&V :Keep it simple safe & visual
  • #8,004
  • Jan 8, 2010 2:36pm Jan 8, 2010 2:36pm
Quoting recidiviste
hello pls can u explain

how do you put 2 kumos of different time frame in same chart pls ???

tks


i dont know how to do it !

recidiviste

Hi recidiviste,

It is easy to do that.

On a 1 hour chart :you have the ichimoku 9,26,52.

If you want the 4 hours kumo ,you add an other ichimoku with this new setting. 9x4=36 , 26 x4= 104 , 52 x4= 208.

Have a nice week-end.
KISS&V :Keep it simple safe & visual
  • #8,005
  • Jan 8, 2010 5:17pm Jan 8, 2010 5:17pm
[quote=mach.25;3336302]
Quoting SurfRider

Cover means Close.
Thanks

Cheers

Ricky
  • #8,006
  • Jan 8, 2010 8:57pm Jan 8, 2010 8:57pm
Quoting Adipati
Mate, I hate to say this but I have to disagree with what you said that "No Trading On Friday!!"

As shown at EURGBP Daily, the pair had been in Uptrend mood since Tuesday, 25 Aug 09. At Hourly, a Strong Ts/Ks Cross Buy Signal took place 5 hours before Friday, 18 Sep 09. I wonder whether you did take this Strong Buy Signal to open a position or not, as trading at hourly chart will normally be lasted for 2 or 3 days...

My point is, as long as there is a trend, just trade it no matter what day it is, since we do...
Dear Adipati,

As shown at EJ on daily, H4, H1 below, TA is broken trading on Friday. it could be found much in the past for every pair.

Good luck
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily chart ej.gif Size: 39 KB
Click to Enlarge Name: h4 chart ej.gif Size: 43 KB
Click to Enlarge Name: h1 chart ej.gif Size: 38 KB
  • #8,007
  • Edited 1:21am Jan 9, 2010 12:09am | Edited 1:21am
Quoting mrrocky
Dear Adipati,

As shown at EJ on daily, H4, H1 below, TA is broken trading on Friday. it could be found much in the past for every pair.

Good luck
Mate, the EJ charts attached is self-explanatory. Please let me know if you still couldn't get it.

IMHO, it is not because of a Freakin' Friday, It is simply because one fails to analyse and study the charts in front of them (no offense mate, but I also did fail before this )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 33 KB
Click to Enlarge Name: eurjpy daily.gif Size: 41 KB
Click to Enlarge Name: eurjpy h4.gif Size: 41 KB
Click to Enlarge Name: eurjpy h1.gif Size: 38 KB
  • #8,008
  • Jan 9, 2010 1:29am Jan 9, 2010 1:29am
Its too early to post any details here but just wanted to share with you guys that currently I'm reading / researching / understanding how to spot Price Turning Points (you might have heard this question many times that why some of the Strong Signals do not survive while some weak signals will go a long way) by using Timing Channels on Ichimoku Charts ...

Another proof that how powerful Ichimoku is and how its under-estimated in the Western world ...
Attached Image (click to enlarge)
Click to Enlarge Name: 46300d1263014344-discuss-gbp-usd-dailyfx-analyst-ichimoku_time_001.jpg Size: 71 KB
  • #8,009
  • Jan 9, 2010 2:27am Jan 9, 2010 2:27am
Quoting ichi360
Its too early to post any details here but just wanted to share with you guys that currently I'm reading / researching / understanding how to spot ...
Excuse me... i am a rookie here
can u explain your graph? i don't understand...
thanks a lot
  • #8,010
  • Jan 9, 2010 3:29am Jan 9, 2010 3:29am
Quoting Forex37
.

...;;;!!!???

lol
kino
  • #8,011
  • Jan 9, 2010 4:20am Jan 9, 2010 4:20am
Quoting ichi360
Its too early to post any details here but just wanted to share with you guys that currently I'm reading / researching / understanding how to spot Price Turning Points (you might have heard this question many times that why some of the Strong Signals do not survive while some weak signals will go a long way) by using Timing Channels on Ichimoku Charts ...

Another proof that how powerful Ichimoku is and how its under-estimated in the Western world ...
Im going to be honest with you. All of that is absolutely confusing to me :-)

Mind directing me some place where I can learn what you're doing? So far I've been following your research very closely, so I would like to understand it as wel as I can.
  • #8,012
  • Jan 9, 2010 4:31am Jan 9, 2010 4:31am
Quoting ichi360
Its too early to post any details here but just wanted to share with you guys that currently I'm reading / researching / understanding how to spot Price Turning Points (you might have heard this question many times that why some of the Strong Signals do not survive while some weak signals will go a long way) by using Timing Channels on Ichimoku Charts ...

Another proof that how powerful Ichimoku is and how its under-estimated in the Western world ...
Hi Ichi360,

Could you please explain more ?

Thanks.
- utpala -
  • #8,013
  • Jan 9, 2010 5:25am Jan 9, 2010 5:25am
Quoting FXJon
Hi Adipati,

Great strategy,could you say what are the input values to create the Daily Kijun on the 4hr chart because I think i may be putting in the incorrect values. the values I use is 26 period and 24 hrs, but my daily kijun seem to be coming way below price on the four chart for AUD/USD at price 0.8780 while yours is somewhere around 0.9040. Could say if my input values are correct?
Hi mate,

At 4Hr chart, values for Daily Kijun Soho indi are (KIJUN period=26; tframe=6). As I said earlier, Kijun Cross method is very reliable if used at higher timeframe. The position opened will simply be invalidated if price closed on the other side of Ks, or you can use the CSTLB (Chikou Span Trend Line Break) introduced by Ibtrader in this thread. I believe both exit ways will still be able to minimize your risk and at the same time maximizing the return.

Cheers
  • #8,014
  • Jan 9, 2010 5:57am Jan 9, 2010 5:57am
Quoting feri z kosic
excelent explanation!
I saw that particularly chart, that I was wrtting about.. I cant remember which one it was, but, PA was in the kumo.. If I would seen this, eu gbp chart, I probably, would found same reason to STAY AWAY from the trade...
I think...
Cos, when I want to enter, I am checking Daily pretty good, man.
But anyway, when I want to trade 4H TF.. which higher TF to watch to see trend? Daily, or weekly? Because, for 1H is Daily obvious isnt it...
Hi mate,

Great! At least you understand the power of Multitimeframe strategy. IMHO, whatever trading system you use, make sure you have a look first at higher tf. You then take trades based on the direction of the higher tf.

Personally, for me, if you trade using 4h chart and below, the Daily should be your main reference. And if you trade using Daily, the Weekly should be the major tf.

The higher the tf that you are looking at for taking trades, the more reliable the signal is
  • #8,015
  • Jan 9, 2010 6:17am Jan 9, 2010 6:17am
That is why I said, its too early to go into details, have some patience please. I'll definitely provide details once I'm ready ...

Cheers ...

Quoting wing_bristol
Excuse me... i am a rookie here
can u explain your graph? i don't understand...
thanks a lot
  • #8,016
  • Jan 9, 2010 6:49am Jan 9, 2010 6:49am
Quoting ichi360
That is why I said, its too early to go into details, have some patience please. I'll definitely provide details once I'm ready ...

Cheers ...
Keep the great work bro
  • #8,017
  • Jan 9, 2010 8:56am Jan 9, 2010 8:56am
Quoting Sohocool
Happy new years,

It is my first post ,here.

The Kijun-soho indicator draw the kijun line ,only.

For example : on 1 H chart ,you can add 3 Kijun lines.

-1) one line with periods =26 and tframe =1(1x26=26) -----= 1 H Kijun.

-2)one line with periods = 26 and tframe=2 (2x26=52) ----= 2H Kijun.

-3)one line with periods = 26 and tframe=4 (4x26=104)---= 4 H Kijun.

Also ,if you choose periods = 9 ,you have the Tenkan line.

I hope ,this indicator can help ,some one.

Thank you for a wonderful indicator.
On the attached 1 minute chart one can appreciate the strength of the kinjun cross and why we had such a big move in a short space of time.

We all know that with a price - kinjun cross we have a change of trend.

Now start with a 1 minute kinjun at one extreme (high or low)
Once we have a price - kinjun cross we enter (trade 1)( use the Chikou-Kinjun to make sure it is a genuine cross)
The stoploss for trade 1 is following the 1 minute Kinjun
Once we cross the 5 minute kinjun we add another trade.(trade2)
We now follow the 5 minute kinjun for a stoploss of trade 1 and and the stoploss for trade 2 now is the 1 minute kinjun until we have a break even situation on trade 2 and we then move the stoploss to the 5 minute kinjun.
One can add a trade for the 15 Minute, 1 HR, 4 HR Kinjun's in a similar way.

Decide which waves you want to ride (5m, 15M, 1Hr or 4HR) and exit when you have a kinjun cross to the opposite side of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: kinju-cross.gif Size: 49 KB
  • #8,018
  • Jan 9, 2010 9:39am Jan 9, 2010 9:39am
[quote=Kinko;3352555]Thank you for a wonderful indicator.
On the attached 1 minute chart one can appreciate the strength of the kinjun cross and why we had such a big move in a short space of time.

...
yes very good indic ! but it was yesterday ! and... the first friday of each month with the nfp announce
so perhaps all the lines have crossed together because of US bad news

i think it's better to check this another day

kino
  • #8,019
  • Jan 9, 2010 9:45am Jan 9, 2010 9:45am
Useful indicator to decide how to trade.

If you trade the 1 minute it will be better to ONLY short trade if the 1 minute kinjun is below the 5 minute kinjun.
you are sure to part with your money if you trade long when the 1 minute kinjun is below the 5 minute kinjun
Attached Image (click to enlarge)
Click to Enlarge Name: kinju-cross2.gif Size: 39 KB
  • #8,020
  • Jan 9, 2010 10:16am Jan 9, 2010 10:16am
Quoting kinonen
...
yes very good indic ! but it was yesterday ! and... the first friday of each month with the nfp announce
so perhaps all the lines have crossed together because of US bad news

i think it's better to check this another day

kino
I feel that any news or anticipation of news will be reflected in price and our charts will show that news or anticipation of news - with our indicators telling the history of the event.
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