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Ichimoku forever

  • #8,021
  • Edited 11:53pm Jan 9, 2010 10:34am | Edited 11:53pm
Quoting wing_bristol
Excuse me... i am a rookie here
can u explain your graph? i don't understand...
thanks a lot
Hello ichimoku traders and happy new year. I have been on leave for the past 10 days and was actually not trading, just having quick peeps over the market and the thread. I would like to wellcome all the new comers and hopefully vic will be back soon to give this thread a big boost with whatever he has been working on.

Brru and Uptala, and maybe others, if you are interested in what ichi360 is talking about, try Nicole Elliott's book "Ichimoku Charts An Introduction to Ichimoku Kinko Clouds" It has a well explained section about the three principles in ichimoku, and one of them is the timespan principle which tries to predict the duration of a move. I personally find it a bit complex and hope ichi360 comes up with a simplified version, but by all means have a look whoever is interested and see what you can come up with. I must caution you that this is not an easy read. I think genious75 posted a link to this book http://www.mediafire.com/?5i5m3m2fgmy I believe it is still active.

Thanks Egkid for the PM and I will hopefully start posting regularly from next week.

have a nice day everybody and good luck.
  • #8,022
  • Jan 9, 2010 11:42am Jan 9, 2010 11:42am
Quoting Kinko
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.
i have change your soho indicator
with 4 kijunsen lines together on 4 TF
can you see if it's ok (i'am not sure)
for these lines of code:
KIJUN1[i] = iIchimoku(NULL,0, 9, tframe1*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN2[i] = iIchimoku(NULL,0, 9, tframe2*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN3[i] = iIchimoku(NULL,0, 9, tframe3*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN4[i] = iIchimoku(NULL,0, 9, tframe4*KIJUN_period, 52, MODE_KIJUNSEN, i);
}

kino
Attached Image (click to enlarge)
Click to Enlarge Name: kij soho.JPG Size: 146 KB
Attached File(s)
File Type: mq4 KIJUN_SOHO_vKino.mq4   3 KB | 453 downloads
  • #8,023
  • Jan 9, 2010 11:54am Jan 9, 2010 11:54am
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
IN HINDSIGHT

We knew when the event was going to take place and we know that it usually moves the market a lot.
We could have placed buy stops just above each of the kinjun lines with a stoploss just below the line an a trailing stop on each trade.

Next time maybe!!
Attached Image (click to enlarge)
Click to Enlarge Name: kinju-cross3.gif Size: 37 KB
  • #8,024
  • Jan 9, 2010 12:25pm Jan 9, 2010 12:25pm
Quoting Kinko
IN HINDSIGHT

We knew when the event was going to take place and we know that it usually moves the market a lot.
We could have placed buy stops just above each of the kinjun lines with a stoploss just below the line an a trailing stop on each trade.

Next time maybe!!
just a question :
why a BUYSTOP and not a SELLSTOP
did you know euro$ will go up ?
kino
  • #8,025
  • Jan 9, 2010 12:38pm Jan 9, 2010 12:38pm
Quoting kinonen
i have change your soho indicator
with 4 kijunsen lines together on 4 TF
can you see if it's ok (i'am not sure)
for these lines of code:
KIJUN1[i] = iIchimoku(NULL,0, 9, tframe1*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN2[i] = iIchimoku(NULL,0, 9, tframe2*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN3[i] = iIchimoku(NULL,0, 9, tframe3*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN4[i] = iIchimoku(NULL,0, 9, tframe4*KIJUN_period, 52, MODE_KIJUNSEN, i);
}

kino

It is a an indicator posted by Sohocool
It seems to be fine in the one minute timeframe - no need for 4 different indicators. Thank you.
  • #8,026
  • Jan 9, 2010 12:45pm Jan 9, 2010 12:45pm
Quoting lbtrader
Hello ichimoku traders and happy new year. I have been on leave for the past 10 days and was actually not trading, just having quick peeps over the market and the thread. I would like to wellcome all the new comers and hopefully vic will be back soon to give this thread a big boost with whatever he has been working on.

Brru and Uptala, and maybe others, if you are interested in what ichi360 is talking about, try Nicole Elliotts book "Ichimoku Charts An Introduction to Ichimoku Kinko Clouds.pdf" It has a well explained section about the three...

Hi lbtrader,

Welcome back from your leave and am looking forward to reading your posts to learn more from you..

And my million thanks to you for introducing the CSTLB method. It really helps my trading method lately...

As for the "Timing with Ichimoku' thing, I'll leave it to Master ichi360 to dig, test and backtest and to come up with a more simplified version. I did come across this before and found that it's just too complicated for me..At the moment I just prefer to practise Ichimoku in its traditional way
  • #8,027
  • Jan 9, 2010 12:57pm Jan 9, 2010 12:57pm
Quoting kinonen
just a question :
why a BUYSTOP and not a SELLSTOP
did you know euro$ will go up ?
kino
No I had no idea where the price was going.
If it stayed the same I would have canceled the trades - no loss.
If it moved down I would have canceled the trades - no loss
But what I know from watching a lot of Ichi charts - when price moves through the Kinjun it usually( not always) moves about the same distance above the kinjun from where it started below the kinjun.(kinjun halfway from where the move started to where it ended.) I only bargain on the idea that once it cleared the kinjun it will move way above the kinjun.
If I am wrong the trade will close at the stoploss just below the kinjun.
  • #8,028
  • Jan 9, 2010 1:08pm Jan 9, 2010 1:08pm
Quoting kinonen
i have change your soho indicator
with 4 kijunsen lines together on 4 TF
can you see if it's ok (i'am not sure)
for these lines of code:
KIJUN1[i] = iIchimoku(NULL,0, 9, tframe1*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN2[i] = iIchimoku(NULL,0, 9, tframe2*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN3[i] = iIchimoku(NULL,0, 9, tframe3*KIJUN_period, 52, MODE_KIJUNSEN, i);
KIJUN4[i] = iIchimoku(NULL,0, 9, tframe4*KIJUN_period, 52, MODE_KIJUNSEN, i);
}

kino
Hi Kinonen

Can you add the 4 hr to your indicator?
  • #8,029
  • Jan 9, 2010 1:29pm Jan 9, 2010 1:29pm
Quoting Kinko
Hi Kinonen

Can you add the 4 hr to your indicator?

yes i'll add it tomorrow or to night (in France it's 20h30 o'clock)
but you don't answer if it is good
it works good on the 1min TF
kino
  • #8,030
  • Jan 9, 2010 1:56pm Jan 9, 2010 1:56pm
Quoting kinonen
yes i'll add it tomorrow or to night (in France it's 20h30 o'clock)
but you don't answer if it is good
it works good on the 1min TF
kino
i add the 4H but it seems , we can see it don't know why !

---------------------------
extern int tframe5 =240;
---------------------------

KIJUN1[i] = iIchimoku(NULL,0,9,tframe1*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN2[i] = iIchimoku(NULL,0,9,tframe2*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN3[i] = iIchimoku(NULL,0,9,tframe3*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN4[i] = iIchimoku(NULL,0,9,tframe4*KIJUN_period,52, MODE_KIJUNSEN, i); //60min
KIJUN5[i] = iIchimoku(NULL,0,9,tframe5*KIJUN_period,52, MODE_KIJUNSEN, i); //4H
  • #8,031
  • Jan 9, 2010 2:14pm Jan 9, 2010 2:14pm
Quoting kinonen
i add the 4H but it seems , we can see it
i don't know why !

---------------------------
extern int tframe5 =240;
---------------------------

KIJUN1[i] = iIchimoku(NULL,0,9,tframe1*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN2[i] = iIchimoku(NULL,0,9,tframe2*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN3[i] = iIchimoku(NULL,0,9,tframe3*KIJUN_period,52, MODE_KIJUNSEN, i);
KIJUN4[i] = iIchimoku(NULL,0,9,tframe4*KIJUN_period,52, MODE_KIJUNSEN, i); //60min
KIJUN5[i] = iIchimoku(NULL,0,9,tframe5*KIJUN_period,52, MODE_KIJUNSEN, i); //4H...
if someone can help
kino
Attached File(s)
File Type: mq4 KIJUN_SOHO_vKino.mq4   3 KB | 449 downloads
  • #8,032
  • Jan 9, 2010 2:55pm Jan 9, 2010 2:55pm
Quoting kinonen
if someone can help
kino

Thanks kinonen - working just fine when I ticked the 1 minute timeframe in visualization. Now we have all the trends in front of us in one timeframe. so much easier to visualize. Thanks again.
  • #8,033
  • Jan 9, 2010 3:00pm Jan 9, 2010 3:00pm
Quoting Kinko
Thanks kinonen - working just fine when I ticked the 1 minute timeframe in visualization. Now we have all the trends in front of us in one timeframe. so much easier to visualize. Thanks again.
it was an easy work , it's nothing
but can you send a pict because on my chart TF1 i didn't see nothing
just 4 lines (1 5 15 & 60)
thanks

kinonen
  • #8,034
  • Edited Jan 10, 2010 12:11am Jan 9, 2010 3:12pm | Edited Jan 10, 2010 12:11am
Since you are talking about last Friday here's a trading tactic I read a while back that works like a charm on all US major news events, namely: NFP (8:30 ET 1st friday of the month), retail sales ex-auto (8:30 ET around the 13th of each month), and consumer confidence (10:00 ET last tuesday of each month).
How it works
This trade takes advantage of the "negative correlation" between the Euro and CHF. When EU goes up UC goes down and vice versa.
The Trade
This trading tactic is very simple. It consists of making 2 trades on the same side of the market 1 to 2 min before the announcement.
That means we're going to be selling short both pairs.
Trade #1 - sell short EUR/USD
Trade #2 - sell short USD/CHF
By placing two trades in the same direction, we don't care which direction the market moves. we only get a big enough move to make money.
Success
So how much of a move is enough?
We need enough of a move so that we can exit one position for a profit, and one position for a small loss.
The biggest risk would be if both positions get stopped out. So, if we were going to risk 25 pips on each position, our biggest loss would be 50 pips.
here's how it would work on the charts below:
Short EU @ 1.4277 SL @ 1.4302 TP @ 1.4232
Short UC @ 1.0374 SL @ 1.0399 TP @ 1.0329
Notice that to reach the profit target, the winning side has to move by 45 pips.
this is much different than the regular kind of trading where you aim for a 2:1 reward:risk ratio.
Simply put, it is because the market moves in very predictable ways around news events, that it gets well over 90% accurate, and so the R:R ratio here is less than 1:1, something you would not consider normally.
One more thing
This is not ichimoku although you can use it for confirmation.
I did not invent this method, so don't ask me why, what if, ... use as is and at your own risk. do the homework first and back test it on all the events noted above, then demo trade it, you have 3 opportunities each month.
Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: nfp.gif Size: 31 KB
  • #8,035
  • Jan 9, 2010 3:22pm Jan 9, 2010 3:22pm
Quoting kinonen
it was an easy work , it's nothing
but can you send a pict because on my chart TF1 i didn't see nothing
just 4 lines (1 5 15 & 60)
thanks

kinonen

Attached the EURUSD 1 minute
Attached Image (click to enlarge)
Click to Enlarge Name: kinju-cross4.gif Size: 41 KB
  • #8,036
  • Jan 9, 2010 3:40pm Jan 9, 2010 3:40pm
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 ...
That looks a bit like some of Gann's stuff.
  • #8,037
  • Jan 9, 2010 3:40pm Jan 9, 2010 3:40pm
Quoting lbtrader
Since you are talking about last Friday here's a trading tactic I read a while back that works like a charm on all US major news events, namely: NFP (8:30 ET 1st friday of the month), retail sales ex-auto (8:30 ET around the 13th of each month), and consumer confidence (10:00 ET last tuesday of each month).
How it works
This trade takes advantage of the "negative correlation" between the Euro and CHF. When EU goes up UC goes down and vice versa.
The Trade
This trading tactic is very simple. It consists of making 2 trades on the same...
Great idea to explore!!!!
  • #8,038
  • Jan 9, 2010 10:27pm Jan 9, 2010 10:27pm
Hi guys

i am wondering what do SL and TP stand for?
i read these two terms a lot in this thread

thanks a lot
  • #8,039
  • Jan 9, 2010 11:45pm Jan 9, 2010 11:45pm
Quoting wing_bristol
Hi guys

i am wondering what do SL and TP stand for?
i read these two terms a lot in this thread

thanks a lot
Hi Wing, SL is stop loss and TP is take profit. sorry for using these abbreviations, you will also see KS for kijun sen, TS for Tenkan sen, and CS for chikou span and maybe SSA and SSB for senkou span A and B. Feel free to ask about anything you don't understand and welcome to this thread.
  • #8,040
  • Jan 9, 2010 11:50pm Jan 9, 2010 11:50pm
Quoting Adipati
Hi lbtrader,

Welcome back from your leave and am looking forward to reading your posts to learn more from you..

And my million thanks to you for introducing the CSTLB method. It really helps my trading method lately...

As for the "Timing with Ichimoku' thing, I'll leave it to Master ichi360 to dig, test and backtest and to come up with a more simplified version. I did come across this before and found that it's just too complicated for me..At the moment I just prefer to practise Ichimoku in its traditional way
Thank you Adipati for your words, I can see that you have a firm grasp of the big picture and how to use it to plan your entries, your charts are clear witness to that. I am glad that you found the Chikou Span Trend Line Break (CSTLB) method useful, with time you will discover many more uses for it.
welcome to this thread and keep posting as we all learn from each other.
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