Attachments: Ichimoku forever

Ichimoku forever

#9,141
Feb 9, 2010 12:12pm Feb 9, 2010 12:12pm

fxripper
| Joined Jan 2010 | Status: Sharpshooter | 252 Posts

it's time!

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#9,142
Feb 9, 2010 12:32pm Feb 9, 2010 12:32pm

Sohocool
Joined Dec 2009 | Status: Trader | 453 Posts

Quoting fadi66

Disliked

i am looking on your chart and i see that you have the 4h and the 24h ks indicators , can you post them to dawnload ???!! thanks and good luck with your trading.....

best ragards , fad

Ignored

Hi Fadi,

No,it was not the good time .

.

On the chart i use :one 1 hour Kijun with 24 periods(Blue), and an other 4 hours Kijun with 24 periods(Darkturquoise).

I use the Kijun_Soho indicator ,please check some explains:

http://www.forexfactory.com/showthre...26#post3334726

http://www.forexfactory.com/showthre...47#post3351747

If you want to draw a 24 hours Kijun of 26 periods on a 1 hour chart -you must entry : kijun period =26 and tframe = 24 (1h x 24).

Regards.

Attached File(s)

KIJUN_SOHO.mq4 2 KB | 1,844 downloads

KISS&V :Keep it simple safe & visual

#9,143
Feb 9, 2010 12:58pm Feb 9, 2010 12:58pm

ichidakiller
| Joined Sep 2009 | Status: Kumo Soldier | 308 Posts

Hey guys

Has anyone been having trouble with trades going against them this week.

A lot of good ichimoku setups have gone against me this week!

Anyone else?

#9,144
Feb 9, 2010 1:14pm Feb 9, 2010 1:14pm

moetzger
| Joined Sep 2009 | Status: Trader | 120 Posts

here are 2 trades from today:
1st one was pretty much perfect, tp was set a ks from last bearish kumo
2nd one went bad, on 1H the kumo acted as support
--> i learn from failures

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Patience is key.

#9,145
Feb 9, 2010 1:59pm Feb 9, 2010 1:59pm

fadi66
| Joined Sep 2009 | Status: Ichimoku 4 Ever | 123 Posts

thanks a lot man thanks for the indicators , good luck.

Quoting Sohocool

Disliked

Hi Fadi,

No,it was not the good time ..

On the chart i use :one 1 hour Kijun with 24 periods(Blue), and an other 4 hours Kijun with 24 periods(Darkturquoise).

I use the Kijun_Soho indicator ,please check some explains:

http://www.forexfactory.com/showthre...26#post3334726

http://www.forexfactory.com/showthre...47#post3351747

If you want to draw a 24 hours Kijun of 26 periods on a 1 hour chart -you must entry : kijun period =26 and tframe = 24 (1h x 24).

Regards.

Ignored

#9,146
Feb 9, 2010 2:29pm Feb 9, 2010 2:29pm

ric3bowl
| Joined Jan 2010 | Status: Kumo Wrestler | 37 Posts

Quoting ichidakiller

Disliked

Hey guys

Has anyone been having trouble with trades going against them this week.

A lot of good ichimoku setups have gone against me this week!

Anyone else?

Ignored

I think it could be due to a period of consolidation (for the majors) as opposed to being in a trend, and Ichimoku as we all know is more helpful in trending markets. At least that's what I think. Although I think this has been the case in just the past couple of days... not entirely a whole week.

#9,147
Feb 9, 2010 10:29pm Feb 9, 2010 10:29pm

clc4x
| Joined Jan 2010 | Status: L. C. Chong | 882 Posts

http://clc4x.files.wordpress.com/201...10feb20101.png

http://clc4x.files.wordpress.com/201...10feb20101.gif

#9,148
Feb 10, 2010 3:11am Feb 10, 2010 3:11am

lord vader
| Joined Oct 2009 | Status: Trader | 22 Posts

Quoting ichidakiller

Disliked

Hey guys

Has anyone been having trouble with trades going against them this week.

A lot of good ichimoku setups have gone against me this week!

Anyone else?

Ignored

Hi Ichidakiller,

It looks like all big moves this week were related with Greek crisis. Very few news, but lot of rumors. That’s why technical analysis is not working properly. Yesterday around 17h 30’ eur/usd jumped 150 pipis just on the rumors in German press related to Greece (later denied).

If someone didn’t notice, on weekly chart we have TS/KS bull cross on usd/jpy. Other signals are still bearish. I will keep an eye on this pair and wait for more signals (by some analysis only when solution for Greek crisis is provided we can expect some serious bullish move in this pair).

#9,149
Feb 10, 2010 3:52am Feb 10, 2010 3:52am

EgyTrader
Joined Nov 2009 | Status: Magical Ichimoku Warrior | 263 Posts

" Make it Simple "

#9,150
Feb 10, 2010 3:56am Feb 10, 2010 3:56am

clc4x
| Joined Jan 2010 | Status: L. C. Chong | 882 Posts

Actually, nothing wrong with Ichimoku. It just reflects whatever happening in the market. News moves the market, but not indicators move the market.

I am not trading until I know the market sentiment after Euro Union meeting and Bernanke Testifies.

Quoting ichidakiller

Disliked

Hey guys

Has anyone been having trouble with trades going against them this week.

A lot of good ichimoku setups have gone against me this week!

Anyone else?

Ignored

#9,151
Edited 5:07am Feb 10, 2010 4:36am | Edited 5:07am

micahio
| Joined Nov 2009 | Status: Trader | 60 Posts

Quoting lord vader

Disliked

Hi Ichidakiller,

[font=Times New Roman][size=3]It looks like all big moves this week were related with Greek crisis. Very few news, but lot of rumors. That’s why technical analysis is not working properly....

Ignored

At a time when all good technical traders are posting record pips in the new month of Feb, some people are saying technical is not working, my advice go back to your books or pay someone to teach you.
My own tip is that when you think your technical is not working, delete all previous studies on your chart and start afresh from alonger term perspective then you may find and understand the reason for price behaviour. I do not trade fundamentals at all but most purely technical traders will tell you that fundamentals does not disrupt their technical studies but either fuel or delay momemtum to achieving their targets or worst make them re-adjust SL due to expected volatility. Where technical analysis fail is when theres a big news upset like major world event ie 9/11, tsaunami then all known techs will not work but for economic news the technical eye can sense it even before anything else just as the recent economic meltdown is perceived well b4.

If u try longer terms and still nothing is clear then can try very reliable Chikou span scalping, depending on pair/timeframe can get 10-25 pips no problems with atleast above 80% success.

#9,152
Feb 10, 2010 5:17am Feb 10, 2010 5:17am

lord vader
| Joined Oct 2009 | Status: Trader | 22 Posts

Quoting micahio

Disliked

At a time when all good technical traders are posting record pipsin the new month of Feb, some people are saying technical is not working, my advice go back to your books or pay someone to teach you.
My own tip is that when you think your technical is not working, delete all previous studies on your chart and start afresh from alonger term perspective then you may find and understand the reason for price behaviour. I do not trade fundamentals at all and most purely technical traders will tell you that fundamentals doenot disrupt their technical...

Ignored

Hi,
I didn’t say that technical analysis is not working in general, I was taking about last two days (question “Has anyone been having trouble with trades going against them this week”). It happened that there were some sudden movements (not in the period of official news) that I wasn’t able to predict. I am sure that more experienced (or better) traders did.

#9,153
Feb 10, 2010 5:20am Feb 10, 2010 5:20am

ichi360
| Commercial User | Joined Oct 2009 | 467 Posts

My 2 cents on this topic ...
http://www.ichi360.com/?p=1746

"Article: Does Technical Analysis really work ?"

Quoting micahio

Disliked

At a time when all good technical traders are posting record pips in the new month of Feb, some people are saying technical is not working, my advice go back to your books or pay someone to teach you.
My own tip is that when you think your technical is not working, delete all previous studies on your chart and start afresh from alonger term perspective then you may find and understand the reason for price behaviour. I do not trade fundamentals at all but most purely technical traders will tell you that fundamentals does not disrupt their technical...

Ignored

#9,154
Feb 10, 2010 7:20am Feb 10, 2010 7:20am

chngster
| Joined May 2009 | Status: Trader | 391 Posts

Quoting ichi360

Disliked

My 2 cents on this topic ...
http://www.ichi360.com/?p=1746

"Article: Does Technical Analysis really work ?"

Ignored

Yea I did notice that article earlier this year, it's a good quote from your friend. I agree with the overall sentiment, that in the long term (and as good as ichimoku is) it is a mistake to focus on one to the isolation of the other. The good thing for us though, is that Ichimoku already has uncertainty built into it, ie. the kumo. You still gotta take his point though, being that each technical system has its flaws, and considering markets are dynamic what may have work for 4 years may not work for another 4. Imagine if the markets decided to be range bound for 4 months...how will you trade around a whippy kumo?

Chngster

Thank you Crucial Point, Bleek, Trizzle, Darkstar