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Ichimoku forever

  • #9,081
  • Feb 6, 2010 7:42am Feb 6, 2010 7:42am
Quoting ichi360
Its same sunny here, had a nice beach trip to Gold Coast today you know how much I love beaches I really need to buy a water-front house.

For Loonie the best I can suggest is to have a look at the Chikou-Span on Weekly TF, it really has to decide for its future moves and if it wants to continue moving in the same direction CS must break those candles ...

NFP brought the mixed results yesterday, hence market could not move on either side. BTW, not every NFP is supposed to shake the market. If you notice the last NFP that really moved...
oh i see.
i actually missed most of the moves last week as i was a little busy and i made profits and lost some.
what do you suggest that i look at for now?
looks like most of the pairs are oversold and overbought and i am planning to wait for a retracement but i don't know how to spot them and how far could it go and i don't know how strong USD will be and how far will it stay this strong despite all those fall on unemployment rate and NFP. i am confused. sigh.
but for now, i am buying on USD as i see that it is stronger at the moment except against JPY.
  • #9,082
  • Feb 6, 2010 8:12am Feb 6, 2010 8:12am
here is my GU outlook where i think if it ever retrace, it will go back to 1.5830 where the last support was. and the blue KS is just a for fun imagination of KS in the future. any comments?
Attached Image
  • #9,083
  • Feb 6, 2010 8:44am Feb 6, 2010 8:44am
Hello ichi360

what setting you use for RSI for entry and exit ?

default 14 ?? level ??
  • #9,084
  • Feb 6, 2010 11:00am Feb 6, 2010 11:00am
{Tenkan-sen}
TS:= (HHV(H,TSpr) + LLV(L,TSpr))/2;
{Kijun-sen}
KS:= (HHV(H,KSPr) + LLV(L,KSPr))/2;
{Senkou Span A}
SSA:= Ref((ts+ks)/2,-(KSPr-1));
{Senkou Span B}
SSB := Ref((HHV(H,SSBPr)+LLV(L,SSBPr))/2,-(KSPr-1));
{Chinkou Span}
CS := Ref(C,(KSPr-1));

{To paint a cloud}

KumoUP:=if(ssa>ssb,if(prev=ref(ssb,-1), ssa, ssb),null);
Kumo_Up:=if(ssa>ssb,if(prev=ref(ssa,-1), ssb, ssa),null);

KumoDown:=if(ssa<ssb,if(prev=ref(ssb,-1), ssa, ssb),null);
Kumo_Down:=if(ssa<ssb,if(prev=ref(ssa,-1), ssb, ssa),null);

{Signal Long and Short}

Long:=CROSS(TS,KS);
Short:=CROSS(KS,TS);

{VT Trader Forum Ans}

StrongBuy:= KS>SSA and KS>SSB and Cross(TS,KS);
NormalBuy:= KS<SSA and KS>SSB and Cross(TS,KS);
WeakBuy:= KS<SSA and KS<SSB and Cross(TS,KS);

StrongSell:= KS<SSA and KS<SSB and Cross(KS,TS);
NormalSell:= KS<SSA and KS>SSB and Cross(KS,TS);
WeakSell:= KS>SSA and KS>SSB and Cross(KS,TS);

//////////////////////////////////////////////


can someone interpret this trading system or convert this so can use on MT4 ?
  • #9,085
  • Feb 6, 2010 11:55am Feb 6, 2010 11:55am
Quoting webforex
{Tenkan-sen}
TS:= (HHV(H,TSpr) + LLV(L,TSpr))/2;
{Kijun-sen}
KS:= (HHV(H,KSPr) + LLV(L,KSPr))/2;
{Senkou Span A}
SSA:= Ref((ts+ks)/2,-(KSPr-1));
{Senkou Span B}
SSB := Ref((HHV(H,SSBPr)+LLV(L,SSBPr))/2,-(KSPr-1));
{Chinkou Span}
CS := Ref(C,(KSPr-1));

{To paint a cloud}

KumoUP:=if(ssa>ssb,if(prev=ref(ssb,-1), ssa, ssb),null);
Kumo_Up:=if(ssa>ssb,if(prev=ref(ssa,-1), ssb, ssa),null);

KumoDown:=if(ssa<ssb,if(prev=ref(ssb,-1), ssa, ssb),null);
Kumo_Down:=if(ssa<ssb,if(prev=ref(ssa,-1), ssb, ssa),null);

{Signal Long and Short}

Long:=CROSS(TS,KS);
Short:=CROSS(KS,TS);...
Ichi360V5 and V6.
  • #9,086
  • Feb 6, 2010 12:24pm Feb 6, 2010 12:24pm
I found the codes at a EA forum

I thought it is a EA using ichimoku indicator.

Did not know that this is ichi360v6 indicator ...........
  • #9,087
  • Feb 6, 2010 12:55pm Feb 6, 2010 12:55pm
Has anyone turned ichimoku into an EA and backtested it for a few years? I think money management would make a huge difference to results though. So a rule that you'd use the one of the ichi MA as a stop level for each trading situation would probably have to be a rule. And then test that in MT4 to see how Ichimoku has done over the years.
  • #9,088
  • Edited 1:32pm Feb 6, 2010 1:00pm | Edited 1:32pm
hello.

I am new in this thread, I am just getting into ichimoku. Is it as effective on EUR/USD as on USD/JPY?

Is it a signal for sell if the tenkan sen and kijun sen cross above the cloud?
Is there any advice using this indicator?
Should I get a confirmation from other indicators too?
What is the positive deal percentage with ichi?
Should I close the deal before the news?
Is there anything I should know about it before using it?
I have ichimoku Kino Hyo, is it the same?

I would be really thankful for if I could get an answer for these questions!

Thank you!
  • #9,089
  • Feb 6, 2010 2:19pm Feb 6, 2010 2:19pm
Quoting smokemachine
hello.

I am new in this thread, I am just getting into ichimoku.
Hi Smokemachine,

It's been shown to be effective for a lot of tradeable financial instruments, including forex.

I'd suggest looking at the first post in this thread. There's a document attached that explains all the signs Ichimoku can produce. There are a lot of different signals with varying degrees of strength. The tenkan sen and kijun sen cross (tenkan crossing from top down) above the cloud signal is a weak signal as it's above the cloud. But it is a sell signal.

In this thread, the OP is looking for the complete Ichimoku signal when all the indicators are pointing in the same direction in multiple time frames.

I'd definitely start on reading that document attached in the first post.
  • #9,090
  • Feb 6, 2010 3:10pm Feb 6, 2010 3:10pm
Quoting ric3bowl
Hi Smokemachine,

It's been shown to be effective for a lot of tradeable financial instruments, including forex.

I'd suggest looking at the first post in this thread. There's a document attached that explains all the signs Ichimoku can produce. There are a lot of different signals with varying degrees of strength. The tenkan sen and kijun sen cross (tenkan crossing from top down) above the cloud signal is a weak signal as it's above the cloud. But it is a sell signal.

In this thread, the OP is looking for the complete Ichimoku signal when all...
Ok I`m on it...!!! thanks...!
  • #9,091
  • Feb 6, 2010 3:18pm Feb 6, 2010 3:18pm
thank you for your work.
  • #9,092
  • Feb 6, 2010 7:40pm Feb 6, 2010 7:40pm
Ich cloud is about 80% effective when used correctly on 1hr, 4hr and daily charts
Im a zombie.. "Rawr"
  • #9,093
  • Feb 6, 2010 10:20pm Feb 6, 2010 10:20pm
A big salute to all in this great thread. My first major encounter with ichi is on this forum and I've gained much. Thanks to Comander Vic and all warior in the house.
I have read thro the thread and the ichiwiki pdf (need to read more for better undrstanding). I hv observed that some xperienced traders have discoverd other great ichi strategies nt in the ichiwiki, and was jst thinking it wld be nice to have a compedium of all the strategie in one single colletion to help newbies like me as a reference material. Just my thinking if anyone can help.
Many thanks once and again.
Chux.
  • #9,094
  • Feb 6, 2010 11:58pm Feb 6, 2010 11:58pm
Apparently I am missing something or not seeing the whole picture with the Chikou span cross. I am not sure what the Chikou is supposed to be "crossing", is it the Kumo, or the Tenkan and Kijun? Then, is this giving us the entry point?

On one chart it appeared that the C/S was moved forward (like a shadow) over the current price action, which puzzles me. Is this what is supposed to be done?

Thanks in advance for any help and explanation!
  • #9,095
  • Feb 7, 2010 12:24am Feb 7, 2010 12:24am
Quoting ZatoichiMoku
Apparently I am missing something or not seeing the whole picture with the Chikou span cross. I am not sure what the Chikou is supposed to be "crossing", is it the Kumo, or the Tenkan and Kijun? Then, is this giving us the entry point?

On one chart it appeared that the C/S was moved forward (like a shadow) over the current price action, which puzzles me. Is this what is supposed to be done?

Thanks in advance for any help and explanation!
Hi, the Chikou span is supposed to be crossing the price curve, either from up down or from down up, in this case the strength of the cross depends on the position relative to the kumo. this is very clearly described in the strategy section of the ichimokuwiki document. the sahdow that you refer to is nothing but the actual price represented as a line graph.
  • #9,096
  • Feb 7, 2010 12:37am Feb 7, 2010 12:37am
Quoting ChuFXlife
A big salute to all in this great thread. My first major encounter with ichi is on this forum and I've gained much. Thanks to Comander Vic and all warior in the house.
I have read thro the thread and the ichiwiki pdf (need to read more for better undrstanding). I hv observed that some xperienced traders have discoverd other great ichi strategies nt in the ichiwiki, and was jst thinking it wld be nice to have a compedium of all the strategie in one single colletion to help newbies like me as a reference material. Just my thinking if anyone can help.
Many...
Hi Chux, and welcome to this thread. that is a good idea, to reread the document, but I don't know what other strategies you are referring to but since you spotted them perhaps you can collect and post them here for everybody's benefit including yourself.
  • #9,097
  • Feb 7, 2010 1:11am Feb 7, 2010 1:11am
Quoting lbtrader
Hi, the Chikou span is supposed to be crossing the price curve, either from up down or from down up, in this case the strength of the cross depends on the position relative to the kumo. this is very clearly described in the strategy section of the ichimokuwiki document. the sahdow that you refer to is nothing but the actual price represented as a line graph.
Thanks so much! Sometimes the obvious seems hidden. When I lived on Okinawa 32 years ago, my O-Sensei Soken Hohan often told me "see with eyes that see, hear with ears that hear."

This Ichimoku really is a "whole picture system".

Even though I've lived most my life in Asia, I still need to be reminded of cross-cultural comparisons sometimes. In his book "The Geography of Thought ........ How Asians and Westerners Think Differently.... and Why" Richard Nisbett points out how in various tests Asian usually perceive & remember more of the whole picture/painting/photo, where as Westerners see more of the "main characters" and forget the background.

Sometimes the differences can be rather amusing. For example, a Japanese luxury car manufacturer ran an ad campaign in the U.S.A., showing ( a relatively smaller car) amongst beautiful panoramic landscapes and mountain views to give a feeling of harmony and unity with nature (an important Asian aspiration). American sales people quipped "sales of rocks & trees are way up"!
  • #9,098
  • Feb 7, 2010 1:42am Feb 7, 2010 1:42am
And whats wrong with remaining 20%, also what about other TFs such as 1Min ?

Quoting defariak
Ich cloud is about 80% effective when used correctly on 1hr, 4hr and daily charts
  • #9,099
  • Feb 7, 2010 2:59am Feb 7, 2010 2:59am
A few pages ago, EgyTrader kindly shared with us an observation about the Chikou piercing the Kumo and alluded to a "three-pierce pattern". I'm sure many of us are keen to know more about this pattern,what it means, and perhaps strategy.

Thanks in advance EgyTrader, and sorry my email responses got bounced back due to your full mailbox!

Kind Regards.
  • #9,100
  • Feb 7, 2010 4:01am Feb 7, 2010 4:01am
Dear all,

Based on Chikou calculation of Sohocool, it is hope EU go down first target is 1.3121.
What do you think?
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