Kinko,thanks for that, understand it now.Checked a few previous moves as best as i and so far it seems promising.
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DislikedWhen the candle at A was formed the cloud was 26 periods ahead of the price at AA. At that time the top of the cloud was at level BB.
Price tends to return to the level BB
http://cdn.forexfactory.com/nfs/cust...ar115582_1.gif ichidakiller
This is a general observation and, no I do not have trades based on this. I only keep it in mind when I trade counter trend.
It works on the 30M as wellIgnored
DislikedWhen the candle at A was formed the cloud was 26 periods ahead of the price at AA. At that time the top of the cloud was at level BB. Price tends to return to the level BB
This is a general observation and, no I do not have trades based on this. I only keep it in mind when I trade counter trend.
It works on the 30M as wellIgnored
DislikedYes , but the chinkou span is still bearish, or do you just trade kumo breakouts?
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DislikedHow interesting! I marked up an EJ chart about an hour ago to observe this phenomena, and you are right! I marked an "A" and "AA" at that time, then calculated about where the movement would be later and marked that spot with an "X". The attached screen shot from a couple of minutes ago confirms the observation!
I will definitely keep an eye on this in the future!
EdIgnored
DislikedHow interesting! I marked up an EJ chart about an hour ago to observe this phenomena, and you are right! I marked an "A" and "AA" at that time, then calculated about where the movement would be later and marked that spot with an "X". The attached screen shot from a couple of minutes ago confirms the observation!
I will definitely keep an eye on this in the future!
EdIgnored
DislikedPS. in your case and if you were expecting price to revisit the BB line (or AA in your chart), should you not have sold instead of bought at point A?Ignored
DislikedHi would you please attache your ichimoku indicator? your indicator version have difference to my version. RegardsIgnored
DislikedHi, there might be some repetitive pattern there, but if you notice there is a wide diversion between the TS and a flat KS, this means that the price is not at equilibrium and will tend to come back to the base line which is the Kijun sen, so the retrace is more often than not toward the KS, now if the BB line happens to be in the way then yes you will observe price retrace to that line.
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DislikedI posted this setup on 27-01-2010. is any one in this trade? TK/KS/kumo cross on 4hr and daily above the cloud, then price crossing the KS though below the cloud on weekly.
118 pips already. How far do you think It will go?Ignored
Dislikedlbtrader,
Thank you for the feedback. What I noticed was that sometimes the price would turn to the kijun but before kijun was reached it went back to where it came from and then I found that there was some correlation between the BB line and the turning point before the kijun - but like all things Ichi, it is not cast in stone.Ignored
Dislikedif the weekly confirms a bullish TS/KS cross then another 400 pips to the kumo.Ignored
DislikedI posted this setup on 27-01-2010. is any one in this trade? TK/KS/kumo cross on 4hr and daily above the cloud, then price crossing the KS though below the cloud on weekly.
118 pips already. How far do you think It will go?Ignored
Dislikedif that should happen, then go to higher TF and see why the move did not reach the KS, it might be a support or resistance level or a kumo or KS at the higher TF. remember, the senkou span A is the median point between TS and KS 17.5 periods in the past shifted 26 periods forward, so there is some sense in the BB line. remember also the kumo shadows.Ignored
Dislikedguys what do u think about this breakout ? neutral TsKs cross , TP can be last supportIgnored
Dislikeddoes this look like a good long setup? price is at kumo edge and stochastic looks oversold.Ignored