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Ichimoku forever

  • #8,921
  • Jan 30, 2010 1:20pm Jan 30, 2010 1:20pm
Quoting EgyTrader
I do not see this ideas before but I try MTF Kumos
and found this one you show is strong but you mess some sensitive in formation

by this way you will trade only the breakouts when happen at all 1M,5M,15M in same time
but with more understanding you can follow it on the intermediate time frame 5M
with searching for Double Sword "Katana"
Katana : is the Samurai Sword

check the GPB/GPY on 1H try to find breakouts
with the setting 9.17.26
maybe you find but you will find more breakouts on 5M for more than 80 Pips

Best Regards,
Mohamed Abdelrahman...
EgyTrader,

Thank you - I will certainly look out for the Double sword "Katana" and will also try your setting of 9.17.26
  • #8,922
  • Edited 2:03pm Jan 30, 2010 1:26pm | Edited 2:03pm
Quoting Kinko
Below is the piece that was published on http://www.kumotrader.com/forum/ on March 28, 2007. At the time I was new to Ichi and it seemed unimportant at the time.
Anyone with some knowledge of the topic. Please share it with us!
kumo shadows are nothing but lines drawn from tops or bottoms of span A and B and will provide S/R levels for exit or TP.

Edit: see how the chikou span honors those levels? this could be a very powerful tool for timing an entry or re-entry as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kumoshadows.jpg Size: 136 KB
Click to Enlarge Name: kumoshadowsprofits.jpg Size: 232 KB
  • #8,923
  • Jan 30, 2010 1:28pm Jan 30, 2010 1:28pm
[quote=Sohocool;3415987]
Quoting Kinko
Below is the piece that was published on http://www.kumotrader.com/forum/ on March 28, 2007. At the time I was new to Ichi and it seemed unimportant at the time.
Anyone with some knowledge of the topic. Please share it with us!




"
I don't want to make kumo shadows more complicated or more "mystical" than they really are. At the most basic level, kumo shadows are places where the senkou span A or B exhibits flattening. This may end up being an extended area of flattening (as in a "flat top/bottom...
Sohocool,
From what I can make out of the description on the Kumotrader site is that it is not only the flat arears of the Kumo that will have an influence in the future but also the ridges in the kumo. See the picture below. I may be wrong but that is why I am looking for clarity from forum members.
Attached Image (click to enlarge)
Click to Enlarge Name: kumo-shadows.gif Size: 42 KB
  • #8,924
  • Jan 30, 2010 1:36pm Jan 30, 2010 1:36pm
Quoting lbtrader
kumo shadows are nothing but lines drawn from tops or bottoms of span A and B and will provide S/R levels for exit or TP.
Thank you lbtrader for clearing it up.

Kinko
  • #8,925
  • Jan 30, 2010 2:49pm Jan 30, 2010 2:49pm
hi guys ;

i have many questions but i will start with ;

is there is any diffrent bettwen the ichimoku and the ichimoku kinko hyo ??????

thanks and have a nice weekend....
  • #8,926
  • Jan 30, 2010 3:22pm Jan 30, 2010 3:22pm
Quoting fadi66
hi guys ;

i have many questions but i will start with ;

is there is any diffrent bettwen the ichimoku and the ichimoku kinko hyo ??????

thanks and have a nice weekend....
@fadi66

They are the same thing. You should read IchimokuWiki.pdf you will find in the attachment list of this thread. RS

Some quote:

Quick Description
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.

History
The charting system of Ichimoku Kinko Hyo was developed by a Japanese newspaper man named Goichi Hosoda . He began developing this system before World War II with the help of numerous students that hehired to run through the optimum formulas and scenarios - analogous to how we would use computer simulated backtesting today to test a trading system. The system itself was finally released to the public in 1968, after more than twenty years of testing, when Mr. Hosoda published his book which included the final version of the system.
Ichimoku Kinko Hyo has been used extensively in Asian trading rooms since Hosoda published his book and has been used successfully to trade currencies, commodities, futures, and stocks. Even with such wild popularity in Asia, Ichimoku did not make its appearance in the West until the 1990s and then, due to the utter lack of information in English on how to use it, it was mostly relegated to the category of another "exotic" indicator by the general trading public. Only now, in the early 21st century, are western traders really beginning to understand the power of this charting system.


Equilibrium at a Glance
The name Ichimoku Kinko Hyo, which translates to "Equilibrium chart at a glance" aptly describes the system and how it is to be used, as described below:

•While Ichimoku utilizes five separate lines or components, they are not to be used individually, in isolation, when making trading decisions, but rather used together to form an integrated "whole" picture of price action that can be gleaned "at a glance". Thus, a simple look at an Ichimoku chart should provide the Ichimoku practitioner with a nearly immediate understanding of sentiment, momentum and strength of trend. •Price action is constantly measured or gauged from the perspective of whether it is in relative equilibrium or disequilibrium. Hosoda strongly believed that the market was a direct reflection of human group dynamics or behavior. He felt that human behavior could be described in terms of a constant cyclical movement both away from and back towards equilibrium in their lives and interactions. Each of the five components that make up Ichimoku provide its own reflection of this equilibrium or balance.
  • #8,927
  • Jan 30, 2010 3:36pm Jan 30, 2010 3:36pm
Further quote:

Ichimoku Components
The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture". A summary of how each line is calculated is outlined below:
TENKAN SEN

("turning line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods
Learn more
KIJUN SEN

("standard line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 26 periods
Learn more
CHIKOU SPAN

("lagging line")

CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods
Learn more
SENKOU SPAN A

("1st leading line")

(TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods
Learn more
SENKOU SPAN B

("2nd leading line")

(HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods
Learn more
  • #8,928
  • Jan 30, 2010 3:49pm Jan 30, 2010 3:49pm
And some more:

Ichimoku trading strategies
Contents

•1 READ THIS FIRST! •

2 Tenkan Sen/Kijun Sen Cross
2.1 Entry
2.2 Exit
2.3 Stop-Loss Placement
2.4 Take Profit Targets
2.5 Case Study

3 Kijun Sen Cross
3.1 Entry
3.2 Exit
3.3 Stop-Loss Placement
3.4 Take Profit Targets
3.5 Case Study

4 Kumo Breakout
4.1 Entry
4.2 Exit
4.3 Stop-Loss Placement
4.4 Take Profit Targets
4.5 Case Study

5 Senkou Span Cross
5.1 Entry
5.2 Exit
5.3 Stop-Loss Placement
5.4 Take Profit Targets
5.5 Case Study

6 Chikou Span Cross
6.1 Entry
6.2 Exit
6.3 Stop-Loss Placement

6.4 Take Profit Targets

6.5 Case Study

  • #8,929
  • Jan 30, 2010 8:30pm Jan 30, 2010 8:30pm
Quoting enewbold
Yep. That was a very good ride! BTW, I notice on your web site the last entry is Tuesday, October 20, 2009. Is that a correct date, or do you skip the dating of the entries? Nice looking site.

Thanks,
Ed


Hi Ed,

Sorry for the late reply. The date is correct, it is the last post i made for my blog because i quite busy with trading and daily works.
  • #8,930
  • Jan 30, 2010 8:53pm Jan 30, 2010 8:53pm
Quoting RisingSun
Further quote:


Ichimoku Components

The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete "Ichimoku picture". A summary of how each line is calculated is outlined below:
TENKAN SEN


("turning line")[left](HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods

Learn more

...
rolling over the links does not work for me, what site or document are you referencing?
  • #8,931
  • Edited Jan 31, 2010 12:36am Jan 30, 2010 10:22pm | Edited Jan 31, 2010 12:36am
Thanks Risingsun for your input and help, it is amazing after nearly 600 pages on this thread that newbies jump in from the end and are not willing to even read the first page. If one is not ready to read the whole thread I wouldn't blame them, but reading the ichimokuwiki.pdf (found on the first page of this thread) will answer 90% or more of your questions, reading it twice will add another 2-3%, reading it 5 times will give you 95-98% of the information that we all know. the rest you can pickup from the discussions and interaction with other members. so please guys, do your homework and read this invaluable document and we will be glad to answer any remaining question.
  • #8,932
  • Jan 30, 2010 11:10pm Jan 30, 2010 11:10pm
@lbtrader

Thanks for your contribution to share this valuable paper. All newbies are suggested to read it 10 times at least...

@denial727

Go to the right upper corner of the page, where you will find the paper clip. Click on it and you will find all the attachment to this thread including the pdf.

RS
  • #8,933
  • Jan 31, 2010 1:20am Jan 31, 2010 1:20am
ok tarders ;

hi good morning everyone , just wanted to ask if there any signals for buy or sell for the ichimoku system?????

i am trying to understand exactly how this sytem works ...
  • #8,934
  • Jan 31, 2010 2:40am Jan 31, 2010 2:40am
Quoting fadi66
ok tarders ;

hi good morning everyone , just wanted to ask if there any signals for buy or sell for the ichimoku system?????

i am trying to understand exactly how this sytem works ...
Fadi,

please refer to post #8932 above. Then head to Vic's post #1.
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #8,935
  • Jan 31, 2010 3:37am Jan 31, 2010 3:37am
Quoting fadi66
ok tarders ;

hi good morning everyone , just wanted to ask if there any signals for buy or sell for the ichimoku system?????

i am trying to understand exactly how this sytem works ...
Hi Fadi

You should really take your time and read through the thread, at least the first 20 pages. At the rate you're going you will be asking for trade signals next.
  • #8,936
  • Jan 31, 2010 6:21am Jan 31, 2010 6:21am
hi ;

i just wanted to thanks egytrader , thanks a lot man thank you fo your support and your usefull help....

thanks a lot and have a gain trading.
  • #8,937
  • Jan 31, 2010 8:11am Jan 31, 2010 8:11am
hi guys ;

i am just learning this system and i am doing well , i think so , ....

looking on the charts now i have seen a great signal to sell GBPJPY we have a great signal for sell ,,,,,right ???????

there is about 100 pip free good luck everyone...
  • #8,938
  • Jan 31, 2010 8:46am Jan 31, 2010 8:46am
Quoting fadi66
hi guys ;

i am just learning this system and i am doing well , i think so , ....

looking on the charts now i have seen a great signal to sell GBPJPY we have a great signal for sell ,,,,,right ???????

there is about 100 pip free good luck everyone...
in GJ i believe that we are bearish but there should be a better entry coming up soon.
  • #8,939
  • Jan 31, 2010 10:05am Jan 31, 2010 10:05am
look at the chart daily and you can see that the Chikou Span cross the kumo cloud and below the price curve.....

i think it is a great signal for sell.....

any ideas ????????
  • #8,940
  • Jan 31, 2010 10:13am Jan 31, 2010 10:13am
Quoting fadi66
look at the chart daily and you can see that the Chikou Span cross the kumo cloud and below the price curve.....

i think it is a great signal for sell.....

any ideas ????????
yep. but why not take a look at smaller TF for a better entry right?
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