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Ichimoku forever

  • #9,361
  • Feb 17, 2010 9:10am Feb 17, 2010 9:10am
Quoting Kinko
Not an easy one to answer. Your choice
1. Choose a fixed amount 10,15,20
2. Use the tenkan line and as soon as it turns around you exit.
3. Use the Kijun line and as soon as it turns around you exit.
4. Tenkan kijun cross - exit
5. Draw a trendline on the chikou and when you have a trend change you exit
6. Switch to 5 min and 15 min charts. Maybe you are at the beginning of a bigger wave that you can take further.
I thank you for your quick replY
will try that
kino
  • #9,362
  • Feb 17, 2010 9:43am Feb 17, 2010 9:43am
Quoting mrrocky
Hi Kinko!

How you know it is whether retrace signal after cloud break or reserve signal!

I observed that sometime price action is retrace, sometime it is reserve trend.

In recently, I thought it should be trade ichimoku go with candle pattern read that give us the signal for reversal candle or continuation candle.

Pls let me know if i am wrong or not understanding strong ichimoku trading.

Regards,
No way to know for sure if price is to continue or retrace but if the higher timeframes are on your side(bearish if your timeframe is bearish) the chances of continuation are more than 50% for a second wave.
See Vic's post 7127 http://www.forexfactory.com/showthre...90646&page=476 for more info
  • #9,363
  • Feb 17, 2010 9:55am Feb 17, 2010 9:55am
Continue from USDCAD – Expecting pullback, as I expected, USDCAD is pulling back now. Let’s wait for completion of pullback.
http://clc4x.files.wordpress.com/201...17feb20101.gif
Quoting clc4x
In my opinion, USDCAD is over-extended. I will wait for pullback.

http://clc4x.files.wordpress.com/201...17feb20101.png
  • #9,364
  • Edited 10:13am Feb 17, 2010 9:59am | Edited 10:13am
is something going to happen now? ?

sellers beware

eurusd
  • #9,365
  • Feb 17, 2010 10:06am Feb 17, 2010 10:06am
Watch out for a break down the kumo. 4hrs/daily bearish. How far will it go?.
Am in based on 1hr.
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  • #9,366
  • Feb 17, 2010 10:31am Feb 17, 2010 10:31am
5. Draw a trendline on the chikou and when you have a trend change you exit


before i see your answer i was on this trade short and exited at 13662 and i see now i could exit later
see picture (chikou cross the TL ) @ 13644
but now i know that and would take the trade longer
thnks
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  • #9,367
  • Feb 17, 2010 11:01am Feb 17, 2010 11:01am
Quoting kinonen
5. Draw a trendline on the chikou and when you have a trend change you exit


before i see your answer i was on this trade short and exited at 13662 and i see now i could exit later
see picture (chikou cross the TL ) @ 13644
but now i know that and would take the trade longer
thnks
If you followed the Tenkan rule the first highlighted area is where the first exit point is, but can be ignored because the candle is very bearish. The second highligted area is where the true exit point is
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  • #9,368
  • Feb 17, 2010 11:15am Feb 17, 2010 11:15am
it's gonna break out of h1 kumo i guess, waiting for a small retracement to ks n then short again, shorted at m15 kumo breakout n closed as it reached h1 kumo.
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  • #9,369
  • Edited 11:30am Feb 17, 2010 11:15am | Edited 11:30am
well, looking to for reaction to start building longs, this where the benefit of patience comes into place, looking for signs of bad weather report from ichimoku Met office of bullish counter on the bears, so bear flights to the downside may be cancelled, but who knows the bears guys may still have an ace up their sleeves...

is it an inverted h and s scenario? on H4, but hey what do i know, i still havent made a million bucks yet..lol

ON the H1 chart if price doesnt break above in the shaded green area, ideally 13665 then it means theres a storm up north so bears will carry on for now, but it does looking for 13705 initially and 13775, if southwards 13595 is taken out , i will stand aside to watch..

the shaded areas are how the bulls player have been countering the move, so far has been succesfull, with the CS you can see how ichimoku would have alerted as well, sorry cant draw all the cs tl makes it rough

any suggestions welcomed
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  • #9,370
  • Edited 12:26pm Feb 17, 2010 11:57am | Edited 12:26pm
Hello Traders
I apologize for all ichimoku lover and newbies which confused from many many
people not understand ichimoku and just try to make it colorful and complex LOL

Ichimoku is easier and simpler than that

and thanks for Fadi he is the only one show a good trade for shorting EU
in 4H time frame he understand it so well he do not need to ask which time frame I have to trade just he trade what he see

we sharing here I do not like greedy gold digger I just care with who want to learn not to confuse more
"your system your eyes only trust it"


4H EU I will hold it to 1.3480 level

http://www.viafy.com/uploads/dfe70d8f11.png
  • #9,371
  • Feb 17, 2010 12:03pm Feb 17, 2010 12:03pm
What you think about longing the AUD-USD

I do not catch the move from start but
"The Attraction after the action"

http://www.viafy.com/uploads/3f2a1ac858.png
  • #9,372
  • Edited 12:29pm Feb 17, 2010 12:07pm | Edited 12:29pm
Hello

for Elliot Wave Traders "Ichimoku is a good system to count EW"

I think according to my Analysis USD-JPY almost finish Daily Correction of Wave 2 or B (2 Recomended)
what ever at least this pair will target 97 levels what you think people specially EgKid
I think he will visit 90.40 again before what you think friends

http://www.viafy.com/uploads/01396cde5e.png

http://www.viafy.com/uploads/1d26cf6c83.png
  • #9,373
  • Feb 17, 2010 12:30pm Feb 17, 2010 12:30pm
aud found support on top of the kumo atm. might be a nice entry. what do u thnk?
but the upward move has reached 61.8 of the whole downward move since 14 Jan. this upward move might just reverse.
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  • #9,374
  • Feb 17, 2010 12:31pm Feb 17, 2010 12:31pm
Quoting fxripper
aud found support on top of the kumo atm. might be a nice entry. what do u thnk?


maybe a good entry to ride on the bullish wave

as I say in my document "Attraction After The action " this is the same meaning of "the motive and corrective waves"

What ever you can support more long position or enter according to that

and I am using always 9.17.26 with 5 line system
  • #9,375
  • Feb 17, 2010 12:40pm Feb 17, 2010 12:40pm
Quoting EgyTrader
maybe a good entry to ride on the bullish wave

as I say in my document "Attraction After The action " this is the same meaning of "the motive and corrective waves"

What ever you can support more long position or enter according to that

and I am using always 9.17.26 with 5 line system
are u going long on it or just stand aside bro? shall we?
  • #9,376
  • Feb 17, 2010 12:45pm Feb 17, 2010 12:45pm
Quoting fxripper
are u going long on it or just stand aside bro? shall we?
Hello Brother what is your name I am Mohamed
We always have to remember (Market stronger than us but we can try to be Smarter by risking what we can come over it later and by hold the good trade as we can and hunt the best and wait it.

I am longing it now already from few minutes

the price in same time hit the lower line of bullish channel he test the kumo so it is not bad entry I think

and keep your eys on the side way sowrd this refer to very low stability of the momentum so it will roll back.
keep your eyes on TS and KS

http://www.viafy.com/uploads/29dd4e1d73.png
  • #9,377
  • Feb 17, 2010 12:53pm Feb 17, 2010 12:53pm
hi mohamed. salam i am hafiz.
i see. i'll watch it closely. thanks egy.
  • #9,378
  • Feb 17, 2010 1:02pm Feb 17, 2010 1:02pm
Quoting fxripper
hi mohamed. salam i am hafiz.
i see. i'll watch it closely. thanks egy.
Okey Hafiz I hope you Enjoy trading and share with us here
  • #9,379
  • Feb 17, 2010 1:04pm Feb 17, 2010 1:04pm
Quoting EgyTrader
Okey Hafiz I hope you Enjoy trading and share with us here
i hope so too. n yeah, i'll share for sure
  • #9,380
  • Feb 17, 2010 1:10pm Feb 17, 2010 1:10pm
Quoting EgyTrader
Hello Brother what is your name I am Mohamed
We always have to remember (Market stronger than us but we can try to be Smarter by risking what we can come over it later and by hold the good trade as we can and hunt the best and wait it.

I am longing it now already from few minutes

the price in same time hit the lower line of bullish channel he test the kumo so it is not bad entry I think

and keep your eys on the side way sowrd this refer to very low stability of the momentum so it will roll back.
keep your eyes on TS and KS

http://www.viafy.com/uploads/29dd4e1d73.png...
Exit and short

http://www.viafy.com/uploads/8abdf6e6c8.png
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