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Ichimoku forever

  • #9,001
  • Feb 3, 2010 7:35am Feb 3, 2010 7:35am
Kinko,thanks for that, understand it now.Checked a few previous moves as best as i and so far it seems promising.
  • #9,002
  • Feb 3, 2010 7:36am Feb 3, 2010 7:36am
Quoting Kinko
When 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 well
And for the 1 hour
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  • #9,003
  • Feb 3, 2010 7:49am Feb 3, 2010 7:49am
Quoting Kinko
When 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 well
How 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!

Ed
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  • #9,004
  • Edited 8:59am Feb 3, 2010 8:27am | Edited 8:59am
Quoting Rille
Yes , but the chinkou span is still bearish, or do you just trade kumo breakouts?

the chikou span is bearish when it is below the price curve and bullish when it is above the price curve (26 periods ago), so in this case it is bullish. now if you meant the price is above the kumo or below the kumo that is called the Chikou span cross which is different than the kumobreakout strategy I used and which had all the conditions fulfilled (the bullish kumo twist, the chikou span above price). If you noticed the green dashed lines, these are targets for profit taking based on the flat kumo levels and one of them triggered and so I was out +38 then I waited for a retrace and bounce off the kumo but that did not happen yet.
  • #9,005
  • Edited 9:02am Feb 3, 2010 8:33am | Edited 9:02am
Quoting enewbold
How 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!

Ed
Hi, 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.

PS. 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?
  • #9,006
  • Feb 3, 2010 8:39am Feb 3, 2010 8:39am
Quoting enewbold
How 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!

Ed
Hi would you please attache your ichimoku indicator? your indicator version have difference to my version. Regards
  • #9,007
  • Feb 3, 2010 9:08am Feb 3, 2010 9:08am
Quoting lbtrader
PS. 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?
Those two existing trades on my chart are hedges I had in place before looking into the phenomena we are discussing. But, to answer your question, in a word - Yes.

Cheers,
Ed
  • #9,008
  • Feb 3, 2010 9:13am Feb 3, 2010 9:13am
Quoting pedram
Hi would you please attache your ichimoku indicator? your indicator version have difference to my version. Regards
Hello there. Please visit post #8900. There you will find indicators, templates, and other info.

Have fun,
Ed
  • #9,009
  • Feb 3, 2010 9:30am Feb 3, 2010 9:30am
Quoting xandyakko
Someone are seeing the UJ movement?
Still doing the bull movement.
  • #9,010
  • Feb 3, 2010 10:01am Feb 3, 2010 10:01am
I 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?
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  • #9,011
  • Feb 3, 2010 10:04am Feb 3, 2010 10:04am
Quoting lbtrader
Hi, 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.
lbtrader,
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.
  • #9,012
  • Feb 3, 2010 10:10am Feb 3, 2010 10:10am
Quoting philipo
I 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?
if the weekly confirms a bullish TS/KS cross then another 400 pips to the kumo.
  • #9,013
  • Feb 3, 2010 10:19am Feb 3, 2010 10:19am
Quoting Kinko
lbtrader,
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.
if 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.
  • #9,014
  • Feb 3, 2010 10:25am Feb 3, 2010 10:25am
Quoting lbtrader
if the weekly confirms a bullish TS/KS cross then another 400 pips to the kumo.
Thanks IBtrader for your incisive input. I appreciate it.
  • #9,015
  • Edited 12:26pm Feb 3, 2010 11:01am | Edited 12:26pm
Quoting philipo
I 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?
Don't know how far it will keep going, but I wish I had paid close attention to the Daily back on Jan 24th, when it clearly indicated we should go LONG at 1.03981.
Shoot... I have to be more observant in the future!
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  • #9,016
  • Feb 3, 2010 12:33pm Feb 3, 2010 12:33pm
guys what do u think about this breakout ? neutral TsKs cross , TP can be last support
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  • #9,017
  • Feb 3, 2010 12:35pm Feb 3, 2010 12:35pm
Quoting lbtrader
if 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.
Thank you - I will look again at the kumo shadows in more detail.
  • #9,018
  • Feb 3, 2010 12:46pm Feb 3, 2010 12:46pm
does this look like a good long setup? price is at kumo edge and stochastic looks oversold.
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  • #9,019
  • Feb 3, 2010 12:50pm Feb 3, 2010 12:50pm
Quoting Iskander
guys what do u think about this breakout ? neutral TsKs cross , TP can be last support
Looking at this pair (GBPUSD), I see that the price is in the cloud on the Weekly but appears to be ready to break out on the low side.

On the Daily, price has clearly broken out downwards, and the H4 and H1 charts show current downward price action. In my humble opinion, it would be safe to short it for a while.

BUT, don't forget the fact that the NFP report is due to be released Friday morning (US time), and that *could* throw a wrench into the works.

Cheers,
Ed
  • #9,020
  • Feb 3, 2010 1:00pm Feb 3, 2010 1:00pm
Quoting fxripper
does this look like a good long setup? price is at kumo edge and stochastic looks oversold.
Did I hear you think about going "Long" on the NZDUSD? While I am certainly no expert at this game, in taking a good close look at this H1 chart I see the price diving down into the cloud right after a fairly strong short indication.

Examining the Weekly, I see what may be a forthcoming long-term trend reversal to downwards, and the Daily is also suggesting price weakness. Based on all of this, I personally would not go long at this point. That's my humble opinion of the situation, but I'd love to hear others opinions and interpretations.

Ed
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