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Ichimoku forever

  • #9,501
  • Feb 20, 2010 5:14pm Feb 20, 2010 5:14pm
Yes I agree with you on CS.

BTW, I use CS for various reasons, such as it reaction against the Price Action, against the Kijun Sen and whether or not the CS is able to find Support / Resistance at the Kumo Cloud ...



Quoting EgyTrader
here you are mate
ichimkou 9.26.52
if that the perfect trend while CS and Kumo Sen and Kumo Span away from each other



I think the mean of that:

side way move of CS till it hit the price refer to Support or resistance at this level



  • #9,502
  • Feb 20, 2010 5:17pm Feb 20, 2010 5:17pm
Quoting ichi360
Yes I agree with you on CS.

BTW, I use CS for various reasons, such as it reaction against the Price Action, against the Kijun Sen and whether or not the CS is able to find Support / Resistance at the Kumo Cloud ...
If you have time can you show me example on chart please and thank you for you fast replay
  • #9,503
  • Feb 20, 2010 7:34pm Feb 20, 2010 7:34pm
Quoting ichi360
Hi Orbital ...

May be you forgot to write down your exact question actully ... not sure what you really wanted to ask itself ...

If you're wondering why I booked my profits then I guess I explained that pretty well in my post.

Cheers,
Asher
Apparently i forgot to ask the question.

I was curious as to how you see the next trading week to continue. There was a small bullish correction friday back to 1.3600 levels.
I was wondering if based on ichimoko weekly and 4 Hour charts you think that the eur/usd is going to drop back to 1.33/34 levels or if its smarter to just wait and see how it plays out. Because based on what i see on my ichimoku graphs i see the euro falling down again.

Was just wondering if youre sharing the same sentiment.
  • #9,504
  • Feb 21, 2010 3:47am Feb 21, 2010 3:47am
Hello Traders:

I think EUR-USD will make a strong correction not like before

this is weekly EUR-USD Chart
1 * Chikou Span Still not break the Bullish Kumo span and kumo sen yet.
2 *Price
- Price is away from TS & KS so the bearish momentum is so weak to continue
without correction, Maybe need to hit the TS or KS to continue again.
- Price find support at the bullish Kumo,
- Price is find support from flatted KS.

3* Bullish Kumo near to twist and this will be a strong sign if it did.

http://i47.tinypic.com/dwp3dk.png

This is monthly EUR-USD Chart
If I am longing the EUR-USD from monthly breakout I will add position when it come back to test the kumo span and also CS find support from Kumo Sen

http://i46.tinypic.com/mh4j77.png
  • #9,505
  • Feb 21, 2010 4:50am Feb 21, 2010 4:50am
Barclays has finally managed to have a Daily Candle cloing above the Kumo Cloud, ideally I should have been thrilled as this is the stuff I’ve been hunting for quite a long time …


but this Breakout doesnt seem to have enough legs and I would rather keep myself away from buying into this …
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  • #9,506
  • Feb 21, 2010 4:52am Feb 21, 2010 4:52am
If you can recall, we did identify the Google’s Over-bought status which was quite clearly calling for a Correction. Its still stuck below the Kumo Cloud and the buying opportunity doesnt seem to be appearing at this stage.


A valid Kumo Breakout will be required to make us buy Google again …
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  • #9,507
  • Feb 21, 2010 4:53am Feb 21, 2010 4:53am
Apple may be geting ready for a wonderful Bullish run …


However before we jump into any sort of trading decision there are certain things need to happen such as a Valid Kumo Breakout, Chikou Span clearing the congestion and finally Price finding a Support at the Top of Kumo Cloud …
Attached Image (click to enlarge)
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  • #9,508
  • Feb 21, 2010 5:44am Feb 21, 2010 5:44am
i want to thank my boss egy. cause he is the one how helped me traiding with ichi. and i am very happy making profits ....thanks man.http://cdn.forexfactory.com/images/icons/icon14.gifhttp://cdn.forexfactory.com/images/icons/icon14.gifhttp://cdn.forexfactory.com/images/icons/icon12.gif
  • #9,509
  • Feb 21, 2010 9:41am Feb 21, 2010 9:41am
Quoting ichi360
Apple may be geting ready for a wonderful Bullish run …


However before we jump into any sort of trading decision there are certain things need to happen such as a Valid Kumo Breakout, Chikou Span clearing the congestion and finally Price finding a Support at the Top of Kumo Cloud …
great analysis man, do u trade technically only , or u read financial reports or other fundamental data when we are talking about cfd's ?
  • #9,510
  • Edited 10:41am Feb 21, 2010 10:27am | Edited 10:41am
it is simple to read ichimoku if you read it completely
now let us see this photo

http://i49.tinypic.com/23m0iz9.png

We have the monthly breakout

We have Cross 1,2,3,4,5 between TS and KS after the break out at point "A"how we filter it:
We will only take the bullish cross only (2) because we are above the kumo
and the same happen at cross (5).

And Also if you trade the breakout at point (A) you will add position at point B & C.

We have flatted KS for 20 Month so I think we have to see this line to clearing the trend till now it is bullish if he get down this will be the first time from more than year.

So I think maybe the EU will have very strong correction than before UP
or maybe he will continue again Bullish to break 1.5140 level again
this will be determined when price back to test this level 1.3750 , 1.4020 and 1.4620 level.

CS span stay above the Kumo sen and Kumo Span

I think now it is very risky to short the EU now while maybe I think he will come back to 1.3430 level again and this will be chance to who already Shorting now to think again.

Note:
This is long term Analysis I hope that not confuse intraday traders I trade the motive and corrective trend but I keep my eyes on the big picture.


What you think Friends ?


Best Regards,
Mohamed Abdelrahman - EgyTrader
Ichimoku Magical Warrior
  • #9,511
  • Feb 21, 2010 11:51am Feb 21, 2010 11:51am
Hey guys ichi traders...I see some perfect set up on 5mins chart on Eu/Aud and Cable for long, Usd/Cad for short. Please correct me if i'm wrong... Good luck to all
  • #9,512
  • Feb 21, 2010 12:57pm Feb 21, 2010 12:57pm
@ EgyTrader

Thanks for the big picture. i like your analysis.
Since i saw ichi360's blog i trade the kumo breakouts, but i never got that thought to add some lots when ts crosses ks. Thanks for this idea. :-)

p.s. i am a newbe trader
  • #9,513
  • Edited 3:15pm Feb 21, 2010 2:37pm | Edited 3:15pm
Quoting DonDoggy
@ EgyTrader

Thanks for the big picture. i like your analysis.
Since i saw ichi360's blog i trade the kumo breakouts, but i never got that thought to add some lots when ts crosses ks. Thanks for this idea. :-)

p.s. i am a newbe trader
you are welcome just note:
- Just price find support from kumo in low stability momentum
you can add more position.

- when price make a bullish cross above kumo this can be a signal for long or add position.
  • #9,514
  • Feb 21, 2010 3:02pm Feb 21, 2010 3:02pm
As we can see from the pic below that egytrader is right and we can also take a look on the daily and 4H we can see that the EU in a strong res. ,why :

1) we can first of all take a look for big time fraems , the daily for example attaching the fibo levels and we see that we have a big support or should be support, level 61.8%
2) take a look at the Ichimoku rules , as we see can see the space between the Red and the Blue lines , means that should be support from the same point that fibo .
3) take a look on the UsdIndex and the Oil and for big time frames we can see that in all of them there is res/suppport levels .

goodluck,,,,,,






Quoting EgyTrader
it is simple to read ichimoku if you read it completely
now let us see this photo

http://i49.tinypic.com/23m0iz9.png

We have the monthly breakout

We have Cross 1,2,3,4,5 between TS and KS after the break out at point "A"how we filter it:
We will only take the bullish cross only (2) because we are above the kumo
and the same happen at cross (5).

And Also if you trade the breakout at point (A) you will add position at point B & C.

We have flatted KS for 20 Month so I think we have to see this line to clearing the trend till...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2010-02-21_2257.png Size: 45 KB
  • #9,515
  • Feb 21, 2010 3:56pm Feb 21, 2010 3:56pm
USD/CHF Kumo Breakout h1
It looks like a possible short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Vollbildaufzeichnung 21.02.2010 225410.bmp.jpg Size: 448 KB
  • #9,516
  • Feb 21, 2010 5:11pm Feb 21, 2010 5:11pm
I would suggest caution ... might keep myself away from it unless there are some more convinicing developments ...



Quoting DonDoggy
USD/CHF Kumo Breakout h1
It looks like a possible short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF_1H_220210.PNG Size: 56 KB
  • #9,517
  • Feb 21, 2010 5:31pm Feb 21, 2010 5:31pm
good luck everybody , and have fun.
  • #9,518
  • Feb 21, 2010 5:35pm Feb 21, 2010 5:35pm
hi ichi360>>>>

pls what about usdjpy the daily and weekly chart said bullish>

is it right?????
  • #9,519
  • Feb 21, 2010 7:09pm Feb 21, 2010 7:09pm
Quoting wrhegzy
hi ichi360>>>>

pls what about usdjpy the daily and weekly chart said bullish>

is it right?????

Hi bro, welcome to the great and wonderful ichi thread. I believe Asher has answered this in his post here

If you notice on my post to bro EgyTrader, I was only mentioning that there may be a possibility that the Inverted H & S is going to form, which means it is not fully forming yet, and we may need another few days or weeks to qualify (or disqualify) the formation of this candles pattern. And I strongly recommend that you follow Asher's point of view to stay aside from taking the Long Trade on this pair, looking at the Weekly's and Daily's future Kumo which are still bearish.

If you wish to learn more on candlestick patterns, you may visit this link.

Happy pips hunting bro
  • #9,520
  • Feb 21, 2010 8:11pm Feb 21, 2010 8:11pm
Quoting Adipati
Hi bro, welcome to the great and wonderful ichi thread. I believe Asher has answered this in his post here

If you notice on my post to bro EgyTrader, I was only mentioning that there may be a possibility that the Inverted H & S is going to form, which means it is not fully forming yet, and we may need another few days or weeks to qualify (or disqualify) the formation of this candles...

thanks sir,>>>>>>>>>
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