Ichimoku forever

Hope it works out for you guys

Lbtrader
Thank you for the advice. What I try to do is to start off with a stoploss at the kijun and if I find a flat Tenkan I will move it there and the main aim is to get to breakeven as quickly as possible and from there one can decide to move with the Tenkan and the switch to the kinjun or even switch to 5M kinjun etc. My main problem is still the ranging market and a way to stay out of trade during that time. I found the Taichi indicator(based on Ichimoku) really helps to identify trading situations where the market is ranging and not very suitable for Ichi trading. But some times in the beginning of a ranging market it still causes a bad trade.
(http://articles.mql4.com/518/ ) Below a Taichi chart with the ranging market indicated on it.
Any help with identifying ranging markets will be appreciated. It seems in the higher timeframe if price caught between two lines at times may be indicator of ranging market in lower frame

Hello Friends

I am in shorting GU 4h after checking the daily

On another forum, a friend had asked question in relation to the Heikin Ashi Doji chart that I posted yesterday. Here is some more info on how to use this Doji formation for your information ...

I am just about to place my sell order at the shoulder. 1.6268 - 10 pips.
SL on red line just above the high of the 21-1-10. lets see what happens. (If the 4 hour candle closes above the shoulder at 1.6285 then the head and shoulder pattern becomes invalid.)

What do you guys think?

I’ve been busy in refining my rules for Entry and Exit of the 15mn Scalping System based on Ichimoku Kumo Breakouts … I just took my first Scalping trade today based on the new Exit rules …


here are more details:

 

1. Wait for the Close of Candle outside the Kumo Cloud
2. Enter into the Trade during Next Candle at the price of last candle’s Close
3. Wait for the Heikin-Ashi DOJI candle
4. During next candle, set the TP level at the LOW of previous DOJI candle

Edit: Please do not try this setup during the inactive / quite market hours ...

Hope that helps …

what price is 1,765??????


Ash compare to which Country Your Station converting the SELVER ?
huh

in my it is in USD 17.037

bcareful guys Dont trade if your Station have Converting the pair with another currency and you are selling and buying Asher SILVER CHART

You seem to be in a funny mood today

Thats the Silver price in Cents rather than in Dollars ... nothing different, its the same thing.

not At all asher .BTW i was confused becoz now this is not a same conversion on the $ silver chart


and i trade 3 diffrent Market Commodity .. http://www.goldsilveralert.com/?gcli...FY0vpAodImPFbA

http://www.commodityonline.com/news/...23052-3-1.html


thanks why I concentrate more ash

thank u

Moved my stop to break even 50 pips up. No TP as yet.....waiting to see if it breaks and closes below the 4hr 200ema 1,6214.

Cross posted from Interactive Trading section. Hope you don't mind.

anyone here using mainly 4 hour chart for entry and exit ?

I just found it is more reliable and "less repainting" then 1 hour chart ?

+180 pips in <1 hour

please can u post the indicator you use at the bottom of your previous chart please

it specify hidden gap volume

tks

recidiviste
[/quote]

I want to make every one be aware if you understand ichimoku good you will trade any time frame what ever it is counter or impulse trend

Since I’m getting a lot of questions regarding the rules for my 15mn Scalping system, I thought another trade example (with chart) plus few comments might help to cover all the questions in detail, here it goes:

 

1. I’m using ProRealTime charting Package which is provided by my CFD Broker, although you can use it for Free by registering at ProRealTime.com, you will only get the DailTF with the Free Account. They also have paid subscription options too which will give you access to all other smaller timeframes
2. However, there is nothing that is special about this particular package, this all can be achieved with any other platform as long as the rules are followed properly
3. I trade certain things during certain hours, such as I concentrate on HangSeng, ASX200, Nifty (Indian Futures), Gold and Silver during the Asian hours. FTSE100 and the major FX Pairs during the London hours and NASDAQ100, DJIA and Crude Oil (as well as other Commodities) during the NY hours
4. My charting package also comes with an Alerting system based on certain pre-defined conditions. Of course, I’m looking for Kumo Breakouts for this sort of Scalping
5. Although I sometimes trade against the higher timeframe trend, I would still advise you to trade only in the direction of 1H if you’re scalping on 15mn charts
6. Its always a good idea to set the TP quite far from the current price and then keep moving SL in the trend direction (as shown in chart below)
7. The good thing about Heikin-Ashi DOJI is that it saves you from exiting your trade too early. As you can see in the chart below, I moved my SL down to 20248 (the original entry was 20502) because that was HIGH of Doji candle. If that DOJI was validated the Index should have moved higher than this level and would have closed our trade. This never happened and we continued to stay in the Trade, should look for next Doji now

Hope this helps further …

Looks like the journey continues ... I've added further lots at the Kumo Breakout on 4H while the original entry from 1.6501 remains intact ...

I'm expecting some temp Support at 1.600 level ...

Egytrader,

It's James here, we type chatted very briefly on team speak last night (ichimokumagic.com) - I'm just looking at your recent GU trade short and am trying to work out your analysis using your 9,17,26 settings.

Would you be good enough to type the actual analysis that allowed you to enter the trade because it's not clear to me from just 3 charts alone.

I assume it was something along the lines of;

Daily chart: bearish, price found resistence in the Kumo and although price is currently in the Kumo, we still see this as overall bearish.
4hr Chart: Tenkan and Kijun sen bearish, price has pulled back above the kijun sen (to me this is a sign that the downtrend on the 4hr is NOT strong... so I'm unclear why you took a short) - however tenkan sen and kijun sen are sloping down suggesting a continuation to the downside. Furthermore, price on the 4HR is above the kumo-sen (bullish?)

I'm hoping you can clarify your analysis Egytrader, because I'm not fully getting why you entered this trade when you did, to me looking at the daily, there was a potential reversal going on, on the daily price has pulled back to the tenkan sen and looked like it was going to head upwards. On the 4hr, it looks like price was going to pull back a little then continue up - although I do see that the 4hr was putting in a double top of sorts, so all round a little conflicting in my opinion.

Please could you enlighten me on your analysis mate because I'm a bit puzzled with this one.

Thanks
James

4 H is my favorite. I start looking at 4H charts and, if promising, I look at daily chats for confirmation/clarification. If daily is OK then I trade on 4 H.

Another long term Trade I've been holding, this was a risky entry as I wasnt sure whether the Kumo Breakout was valid and it could also have gone back to the Flat Kijun-Sen but after having a look at the USD Index EW Count I decided to hold this one for little longer ...

no TP limits set at this stage.