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Ichimoku forever

  • #8,581
  • Jan 19, 2010 12:09pm Jan 19, 2010 12:09pm
Anyone short on USDJPY?

KS resistence on H4, cloud resistence on H1 and trending to cross the cloud on M5...
  • #8,582
  • Jan 19, 2010 12:15pm Jan 19, 2010 12:15pm
Quoting xandyakko
Anyone short on USDJPY?

KS resistence on H4, cloud resistence on H1 and trending to cross the cloud on M5...
... be honest I am waiting for kumo break UP on H1 according to Daily, where is uptrend (pa above the kumo)...
  • #8,583
  • Jan 19, 2010 1:53pm Jan 19, 2010 1:53pm
Quoting ichidakiller
Hey Vic quick question, do you wait for the candle to close before placing your buy order on a cloud breakout or do you expect pullback and enter at better value?

Thanks man
Well am working with a very tide risk management , so i always enter with the min lot i can, it will not make a big diff for me if i entered after the break or within a pullback
i think this will be something calculated upon your risk limits
  • #8,584
  • Jan 19, 2010 2:06pm Jan 19, 2010 2:06pm
Here we go . am in long , good luck for all of us
Attached Image (click to enlarge)
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  • #8,585
  • Jan 19, 2010 3:42pm Jan 19, 2010 3:42pm
Quoting vic_elc
Here we go . am in long , good luck for all of us
...what about h4 Kijun? price is still bouncing down from it... at this time..
I still wiat for clearer signal to jump in LONG man
Attached Image (click to enlarge)
Click to Enlarge Name: H4 usjpy.jpg Size: 198 KB
  • #8,586
  • Jan 19, 2010 4:00pm Jan 19, 2010 4:00pm
Quoting webforex
From the ichimoku daily chart , how to find R and S for the lower TF 4 hours chart and 1 hour chart ?

many thanks for advice

E/U going downtrend soon ??
Check The flat lines in kumo and KS in all HTF specially it is very important

Fibo Ration with flat KS see

http://www.viafy.com/uploads/346c13eb64.gif
  • #8,587
  • Jan 19, 2010 6:27pm Jan 19, 2010 6:27pm
Hi all - I've been lurking for the past several weeks, trying to soak up as much info on ichimoku as possible. My thanks to all who've been contributing so far - keep up the good work!

In the spirit of this forum, I figured I'd share a very simple kumo breakout indicator that I've been playing with to visually verify points in history where such a breakout occurred. The kumo breakout is a useful tool as it gives us a signal for possible entry. My indicator uses the rules as defined on ichi360's blog post: http://www.ichi360.com/?p=1735




The rules are:

  1. Candle opens below the Kumo cloud and closes above the kumo cloud (bullish - opposite for bearish)
  2. Chikou Span confirmation.

The indicator merely puts an arrow at each point on the chart where the rules match. I realize it may not be quite as useful as some of the other indicators posted, but I've been learning by doing and thought I'd share what little I have.

pips++ to all!

decnartne ~ entranced

Attached File(s)
File Type: mq4 ichi_kbreak.mq4   4 KB | 557 downloads
  • #8,588
  • Jan 19, 2010 6:39pm Jan 19, 2010 6:39pm
Quoting EgyTrader
Check The flat lines in kumo and KS in all HTF specially it is very important

Fibo Ration with flat KS see
Dear EgyTrader,

Pls give your rule when trading ichimoku with settting 9 17 26. Is it like defaut setting?

good luck.
  • #8,589
  • Jan 19, 2010 8:39pm Jan 19, 2010 8:39pm
Hi decnartne,

Good job my friend, in fact great job. This can extremely useful for my 15min Scalping setup.

However there are few suggestions and / bugs I've noticed, if these things are fixed this can be a really nice tool.

1. Its alright for Bullish Green Arrow, but apparently the Bearish Red Arrow is being placed at the iLow of Candle. IMO, placing the Red Arrow at iHigh would make it look better

2. There are a couple of bugs I've noticed, would appreciate if you could please have a look and provide your feedback

Once again, this is an excellent contribution ...

Cheers,
Asher



Quoting decnartne
Hi all - I've been lurking for the past several weeks, trying to soak up as much info on ichimoku as possible. My thanks to all who've been contributing so far - keep up the good work!

In the spirit of this forum, I figured I'd share a very simple kumo breakout indicator that I've been playing with to visually verify points in history where such a breakout occurred. The kumo breakout is a useful tool as it gives us a signal for possible entry. My indicator uses the rules as defined on ichi360's blog post: http://www.ichi360.com/?p=1735...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: KumoBreakoutIndicator_01.PNG Size: 49 KB
Click to Enlarge Name: KumoBreakoutIndicator_02.PNG Size: 55 KB
  • #8,590
  • Jan 19, 2010 9:54pm Jan 19, 2010 9:54pm
Quoting ichi360

1. Its alright for Bullish Green Arrow, but apparently the Bearish Red Arrow is being placed at the iLow of Candle. IMO, placing the Red Arrow at iHigh would make it look better

2. There are a couple of bugs I've noticed, would appreciate if you could please have a look and provide your feedback

Once again, this is an excellent contribution ...
I appreciate the feedback, and I'd be happy to address your observations:

I used iLow, since MT4 puts the top of the indicator at the coords specified, and I was being Lazy so as to avoid the bit of math to offset the bullish arrow above iHigh

Regarding the top chart and the arrow not fitting the rule – I can't really explain this – it looks OK in my chart. Not sure where to go from there, but any further advice would be welcome.

Regarding missed signals – you're totally right, and I should have been more specific and mentioned that I omitted any further analysis to see if a candle cross w/out chikou support would turn into a valid entry. Same regarding your kijun resistance analysis.

I'll add code to handle the case where the candle breaks w/out the chikou-span. I may handle by displaying a non-filled arrow at the candle breakout and then a filled arrow once the chikou-span confirms.

Regarding KS resistance – to properly fill out the breakout indicator should the rules be the following?

 

  1. Candle opens below the Kumo cloud and closes above the kumo cloud (bullish - opposite for bearish)
  2. Chikou-span confirmation – above Price *or* above Kijun-sen (bullish – opposite for bearish)
  3. ??? something I've missed ???

Thanks again for the great feedback.


decnartne ~ entranced

  • #8,591
  • Jan 19, 2010 10:50pm Jan 19, 2010 10:50pm
Ok, lets wait for sometime, I'll do some more tests and on different platforms and timeframes, you never know ... may be this was a problem on my platform.
Quoting decnartne
Regarding the top chart and the arrow not fitting the rule – I can't really explain this – it looks OK in my chart. Not sure where to go from there, but any further advice would be welcome.

If I were you, I would have added a couple of STATIC BOOL type of variables to look for following conditions:
1. Kumo Breakout
2. ChikuoSpan pointing to same direction

Placement of of Arrows will then depend on whether or not both the BOOL variable are TRUE. This logic will make sure that even if the Kumo Breakout happened before the ChikouSpan confirmed it, the Arrow will still be placed at the candle whenever both conditions are true

Hope that helps ...
Quoting decnartne
Regarding missed signals – you're totally right, and I should have been more specific and mentioned that I omitted any further analysis to see if a candle cross w/out chikou support would turn into a valid entry. Same regarding your kijun resistance analysis.
  • #8,592
  • Jan 20, 2010 12:19am Jan 20, 2010 12:19am
hi guys, my short on audusd turns out fine so far with 70pips in the bag but preparing to bail out as price is at the edge of kumo at H4 and RSI divergence in the H1 and price is still above kumo on daily. i'm planning to reenter if the price breaks out below the kumo on H4.
Attached Image (click to enlarge)
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  • #8,593
  • Jan 20, 2010 12:26am Jan 20, 2010 12:26am
Quoting mrrocky
Dear EgyTrader,

Pls give your rule when trading ichimoku with settting 9 17 26. Is it like defaut setting?

good luck.
I am working on writing it in an PDF now
  • #8,594
  • Jan 20, 2010 12:27am Jan 20, 2010 12:27am
Quoting feri z kosic
me too???
Yes 4u2 LOL
  • #8,595
  • Jan 20, 2010 2:24am Jan 20, 2010 2:24am
I've been stopped unfortunately by the long GBP/JPY
  • #8,596
  • Jan 20, 2010 2:38am Jan 20, 2010 2:38am
Its definitely working guys http://www.ichi360.com/wp-includes/i...icon_smile.gif just took a couple of trades and I’m done for today …
Attached Image(s) (click to enlarge)
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  • #8,597
  • Jan 20, 2010 2:40am Jan 20, 2010 2:40am
Stopped out in here , will wait for another up move
Attached Image (click to enlarge)
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  • #8,598
  • Jan 20, 2010 3:34am Jan 20, 2010 3:34am
Quoting vic_elc
Stopped out in here , will wait for another up move
I think 1. CS Cross down TS & KS which was move as same Line and very close. 2. After CS under TS & KS it breakout at very thin area of kumo ,Thin Area mean SA and SB is two close). 3. The Price stop now at a strong support of flatted Bullish Kumo at 147.84 which support the CS three times before. So I think the best scenario GY continue Bearish till the next support at 146.73 due to Daily KS, and also 146.20 is support at weekly KS Maybe bearish stop soon if CS find a weak position in the kumo to breakout while flat KS at 1H TF attract the price Remember Golden Rule in Ichimoku : follow the action after the attraction any one understand ichimoku will understand this and I will explain it later
Attached Image (click to enlarge)
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  • #8,599
  • Jan 20, 2010 3:34am Jan 20, 2010 3:34am
Quoting ichi360
Its definitely working guys http://www.ichi360.com/wp-includes/i...icon_smile.gif just took a couple of trades and I’m done for today …
Asher, you mean with the new ichi settings?
  • #8,600
  • Jan 20, 2010 3:49am Jan 20, 2010 3:49am
The CS is the most magical part it has a relations with all component in Time and Space (Positions) we can use it to confirm breakout and also in understanding the support or resistance for the price which sometimes happen in space far from TS , KS , SA , SB and the Kumo, due to its reaction with other component TS , KS , SA , SB and the Kumo this is due to the price react with the old support and resistance Levels for ever and from here CS power come from.
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