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Ichimoku forever

  • #9,321
  • Feb 16, 2010 2:38pm Feb 16, 2010 2:38pm
The euro is trapped in between the kumo, can we please analyse, below is my analysis, charts will come later.

current price 1.3764
weekly
ks 1.4338
ts 1.4056

with euro trapped within kumo big moves is imminent but patience may be required. The main tenets of praticing ichimoku is patience and that is how the japenese do it - patience is the key to big moves.

daily
price just did a double bottom bounce off support indicated by previous flat kumo line at 1.3637 area, things have looking good for the bulls for the last ten days or so, but cautious as a final leg to below this area could still happen but when it does it will most likely close as a bullish pin-bar, so it will be wise the let the euro finish the scenario at these areas or attempts small longs to 1.3800,1.3850 area with stoploss below 1.3500.

Senkou Span B is flat, price will be draw to this area, caution if SB changes shape before price reaches there
Senkou Span A is downward sloping with rough edges.(the meaning of all these will come later including timeline for ichimoku signals)

H4
Price is fast approaching flat Span B from bottom ,could break above because momemtum is on bullish side as weekly is oversold, and daily just come out of oversold conditions, this could be a good place for the big bulls to show strength, ts/ks signal below kumo.
  • #9,322
  • Feb 16, 2010 3:12pm Feb 16, 2010 3:12pm
Quoting sharkattack
The euro is trapped in between the kumo, can we please analyse, below is my analysis, charts will come later.

current price 1.3764
weekly
ks 1.4338
ts 1.4056

with euro trapped within kumo big moves is imminent but patience may be required. The main tenets of praticing ichimoku is patience and that is how the japenese do it - patience is the key to big moves.

daily
price just did a double bottom bounce off support indicated by previous flat kumo line at 1.3637 area, things have looking good for the bulls for the last ten days or so,...
Hello and welcome to this great thread.

I agree totally with what you are saying, it is time to move this thread forward.

Any traders claiming great success with ichi should come forward and start posting trade entries with a chart, this would very helpful for all involved as we get to see ichimoku working before our eyes, this also gives us the motivation to try new strategies and the confidence to trust ichimoku 100%

Thanks sharkattack for this great idea
  • #9,323
  • Feb 16, 2010 3:52pm Feb 16, 2010 3:52pm
goodluck,,,,
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  • #9,324
  • Feb 16, 2010 3:56pm Feb 16, 2010 3:56pm
Quoting ichidakiller
Hello and welcome to this great thread.

I agree totally with what you are saying, it is time to move this thread forward.

Any traders claiming great success with ichi should come forward and start posting trade entries with a chart, this would very helpful for all involved as we get to see ichimoku working before our eyes, this also gives us the motivation to try new strategies and the confidence to trust ichimoku 100%

Thanks sharkattack for this great idea
Many thanks for the support, atleast we can all know what works and what dont..let see strategies in live action, cheers.

People should not be scared to post trades just because it could turn out be wrong as nobody can be right all time, it might even help you save your money as others can point out something you havent noticed.

there is nothing like real life experience not textbook style.
  • #9,325
  • Feb 16, 2010 4:00pm Feb 16, 2010 4:00pm
Quoting fadi66
goodluck,,,,

nice chart, please do tell the periods of your MA lines, is it the standard, 9,26,52 or adjusted cos on my chart price is still within Kumo, nevertheless clear analysis, cheers.
  • #9,326
  • Feb 16, 2010 6:21pm Feb 16, 2010 6:21pm
hello warriors
i am a beginner and i read this thread ill page 136 and i know vic and know egykid who thought he is egyptian like me ???

but you are developing very fast and i want to update and can not read all 600 pages i think i will die before finishing all pages

sooooooo please i want help from vic or any ichi warrior to tell me methods of using ichi after these 136 pages and what is scalping using ichi system ???

i want to e agood ichi warrior
thank you all for your help
  • #9,327
  • Edited 6:35pm Feb 16, 2010 6:23pm | Edited 6:35pm
Quoting sharkattack
nice chart, please do tell the periods of your MA lines, is it the standard, 9,26,52 or adjusted cos on my chart price is still within Kumo, nevertheless clear analysis, cheers.
I got the same shock/surprise when I first saw his chart. Then I realised he used 9 17 26 as suggested by another member on this forum.

Your suggestion of encouraging others to post charts more quickly is great and very educational! and hope to see your charts soon...
  • #9,328
  • Feb 16, 2010 8:01pm Feb 16, 2010 8:01pm
Heeellooooo Big Bro Vic

Welcome back.
This room it seems to be more fun and lively when you are back.
  • #9,329
  • Feb 16, 2010 8:05pm Feb 16, 2010 8:05pm
Hi all

I found this strategy. Hope this help you more for ichimoku strategy
" Strategy details
1. Take any medium or strong crossover with a
one-pip (tick) difference between the Tenkan and
Kijun lines as the first qualification for a signal.
Ignore all weak signals. (ref quote from post #78)
2. Wait for price action to break completely through
the cloud in the direction of the crossover by
12 pips. Enter two positions at this level.
a) The limit on first position is 45 pips.
b) The limit on the second position is either a
crossover of the Tenkan and Kijun lines
(one-pip difference in value) in the opposite
direction of the move, or a trailing stop set
15 pips above (for short signals) or below
(for long signals) the Kijun line.
3. Set an initial stop six pips above (for short signals)
or below (for long signals) the cloud. (One
alternative: If the entry is far away from the cloud,
set the stop 80 percent into the cloud.) Bring the
second position’s stop to breakeven when the first
position hits its target

Good luck
  • #9,330
  • Feb 16, 2010 11:18pm Feb 16, 2010 11:18pm
Quoting fadi66
goodluck,,,,
Take Care from this position because London and Frankfurt session will start after while and according to EW this correction move have more up
  • #9,331
  • Feb 16, 2010 11:45pm Feb 16, 2010 11:45pm
It appears this (and many others) strategy is designed with a Specific Pair and Timeframe in mind ...

We can not limit the number of pips to a certain number, they will be way different if we're trading on 5mn compared to 4H or Daily.

Also, the author seems to have forgot that its not only the FX Pairs that we can trade with Ichimoku ... 1pip in EURUSD will be equal to what when we trade QQQQ or Apple's Stock on NASDAQ ?

My 2 cents ...

Quoting mrrocky
Hi all

I found this strategy. Hope this help you more for ichimoku strategy
"...
  • #9,332
  • Feb 17, 2010 12:26am Feb 17, 2010 12:26am
well done, mate. How do you handle addon position?

Quoting philipo
Welcome back. May be you will ask me too for all my pips. I have made over 2000pips+ on these two trades(USD/CHF and CAD/CHF. As you can see am riding the trend and added to my lots on several levels on USD/CHF. I hope to do that too on CAD/CHF. Ichi is great. Vic welcome back. We all missed you.
  • #9,333
  • Feb 17, 2010 2:25am Feb 17, 2010 2:25am
Nice clean London open today, covered 90% of trade at +46 with the remainder to run based on 4H kumo breakout. I suspect there is a long way to go yet on 4H...

Notice the fake-out from 7.15 to 7.30 GMT. Followed by the proper snap up at 7.30 GMT onwards. THIS IS A COMMON PLAY, don't trust the first thrust.

(PS Don't worry about the stuff in the indicator windows, I dont really look at them)

Chngster
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #9,334
  • Feb 17, 2010 2:38am Feb 17, 2010 2:38am
Quoting chngster
Nice clean London open today, covered 90% of trade at +46 with the remainder to run based on 4H kumo breakout. I suspect there is a long way to go yet on 4H...

Notice the fake-out from 7.15 to 7.30 GMT. Followed by the proper snap up at 7.30 GMT onwards. THIS IS A COMMON PLAY, don't trust the first thrust.

(PS Don't worry about the stuff in the indicator windows, I dont really look at them)

Chngster


i loveeeeeeeeeeee london , my day is done
  • #9,335
  • Feb 17, 2010 3:32am Feb 17, 2010 3:32am
Quoting sharkattack
I think the best way to move this thread foward is for senior members to post charts, then members analyse and discuss the best strategy to trade it, so all will learn and make money for these charts as i noticed some people post some charts and strategies that turned to be very very wrong ichimoku analysis, maybe they are trading demo but some newbies might have taken the bait and lose money.

so in this way, vouches will be given to people who make good analysis continually which everybody will be able to see to power of their ichimoku analysis...
.

I totally agree with you Pal. I had posted two setups, with update. And asked for the opinions of those in the thread. So guys what are you all waiting for. Lets do it. Lets post our losses as well.

This is yet another trade setup for long. AUD/CHF daily TS/KS/Kumo cross after a break of a strong resistant line at 9485, weekly is bullish. How far will it go?
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  • #9,336
  • Feb 17, 2010 3:51am Feb 17, 2010 3:51am
Quoting chngster

Notice the fake-out from 7.15 to 7.30 GMT. Followed by the proper snap up at 7.30 GMT onwards. THIS IS A COMMON PLAY, don't trust the first thrust.

Chngster
It seems that about every major move kicks off with a fake in the other direction. Now the question is how to avoid those fakes. Any suggestions?
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  • #9,337
  • Feb 17, 2010 4:01am Feb 17, 2010 4:01am
Any one jumpin in with me , we have a very strong signal
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  • #9,338
  • Feb 17, 2010 4:07am Feb 17, 2010 4:07am
Quoting mrrocky
Heeellooooo Big Bro Vic

Welcome back.
This room it seems to be more fun and lively when you are back.
thanks broo, enjoy ur flight with ichimoku air lines
moreee greeeen pipssss
  • #9,339
  • Feb 17, 2010 4:15am Feb 17, 2010 4:15am
Quoting Kinko
It seems that about every major move kicks off with a fake in the other direction. Now the question is how to avoid those fakes. Any suggestions?
mmm i have a personal point of view about the fake signals ,any system must fail for sometime , there is no complete system , if ur system is makin 85% success rate this mean that u r doin it to the best . if it is doin it 50% this alsso means that u r still doin great
all what i do is control my risk to the max, and let some of my winners run for a while , this will ensure that the loses will be low and the profit will be high
it is just a point of view and it's workin with me so far , just think about it give it a try and u might change ur mind
also if u found a way to avoid fake signals let me know , i wanna win 100% of ma trades
guuud lucckkk
  • #9,340
  • Feb 17, 2010 4:18am Feb 17, 2010 4:18am
Quoting Kinko
It seems that about every major move kicks off with a fake in the other direction. Now the question is how to avoid those fakes. Any suggestions?
My simple answer is don't trade the hour before 7.30GMT, in between the Germans, the Swiss and the English trading floors anything can happen in this part of the day.

Just wait till the pit-traders sort themselves out, 15 to 30 minutes after London open on a trend day you will see the real move. On range days its a little bit harder, for sure.

By waiting till 30 mins after 7.00GMT this means sometimes you will miss the big move, if the initial thrust is confirmed. But it's just safer. In these cases you can reenter on a retracement.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
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