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Ichimoku forever

  • #9,521
  • Feb 21, 2010 8:53pm Feb 21, 2010 8:53pm
Quoting ichi360
I would suggest caution ... might keep myself away from it unless there are some more convinicing developments ...
how are the weak and strong support being derived/calculated? They don't look like daily/weekly/monthly pivots..

Also, general question is, which strategy works best on lower time frame 15min/1hr? I noticed you used kumo breakouts but haven't seen any others being mentioned.

Thank you in advance.
  • #9,522
  • Feb 21, 2010 9:05pm Feb 21, 2010 9:05pm
I'm looking at a possible Yen Bulls run on the Yen Crosses (CHFJPY may be an exception) more specifically around GBPJPY, AUDJPY, NZDJPY and possibly CADJPY too ...

However, it all depends on how powerful the Kumo Breakouts appear on 4H and 1H charts ...
Attached Image
  • #9,523
  • Feb 21, 2010 9:11pm Feb 21, 2010 9:11pm
Its pure Ichimoku Time v/s Price Analysis, discussed earlier in this same forum here.

I prefer Kumo Breakouts but other strategies are as powerful as this one is so I cant generalize really. I guess it depends on individual's choice and level of comfort to trade with ...

Quoting sanai79
how are the weak and strong support being derived/calculated? They don't look like daily/weekly/monthly pivots..

Also, general question is, which strategy works best on lower time frame 15min/1hr? I noticed you used kumo breakouts but haven't seen any others being mentioned.

Thank you in advance.
  • #9,524
  • Feb 21, 2010 9:19pm Feb 21, 2010 9:19pm
this looks like a possible short on audusd.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 43 KB
  • #9,525
  • Feb 21, 2010 9:22pm Feb 21, 2010 9:22pm
Quoting ichi360
Its pure Ichimoku Time v/s Price Analysis, discussed earlier in this same forum here.

I prefer Kumo Breakouts but other strategies are as powerful as this one is so I cant generalize really. I guess it depends on individual's choice and level of comfort to trade with ...
Thank you for the quick reply. Can you be more specific on the weak/strong support drawn on the chart? I look back and the previous post but wasn't able to find any specifics. Much appreciated.
  • #9,526
  • Feb 21, 2010 10:44pm Feb 21, 2010 10:44pm
Not sure what you really mean by more specific ...

EDIT: May be this chart can help you to understand but of course it wouldnt give you more details. Just the brief overview of what Time Analysis in Ichimoku is ... I'll find the PDF for you once I get back home today.



Quoting sanai79
Thank you for the quick reply. Can you be more specific on the weak/strong support drawn on the chart? I look back and the previous post but wasn't able to find any specifics. Much appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: Ichimoku_Time_001.PNG Size: 58 KB
  • #9,527
  • Feb 22, 2010 5:34am Feb 22, 2010 5:34am
Ichi360 are your twitter alerts still working?
  • #9,528
  • Feb 22, 2010 6:18am Feb 22, 2010 6:18am
My MM have been used up so can't enter this. This would be a nice trade setup. Expect price to test 1.0231 resistance line after the ts/ks cross and a break already of a strong resistant line at 1.0428. Daily/weekly is bearish. Any break beyond that will make price to move downward. However note that daily trend is sideways hence price might stall at 1.0231. What do you think guys?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad4hrs.gif Size: 56 KB
  • #9,529
  • Feb 22, 2010 6:38am Feb 22, 2010 6:38am
Quoting ichi360
I would suggest caution ... might keep myself away from it unless there are some more convinicing developments ...
Hi following your post and suggestion on the usd/chf kumo breakout , why do you say that the kumo breakout is not convincing enough and would be better if the kumo is higher up ( shown in your graph ) ?
  • #9,530
  • Feb 22, 2010 6:44am Feb 22, 2010 6:44am
Quoting philipo
My MM have been used up so can't enter this. This would be a nice trade setup. Expect price to test 1.0231 resistance line after the ts/ks cross and a break already of a strong resistant line at 1.0428. Daily/weekly is bearish. Any break beyond that will make price to move downward. However note that daily trend is sideways hence price might stall at 1.0231. What do you think guys?
Good observation mate. I took this trade using 4h Kumo Breaks but got stopped out coz I trailed the stop using Ks. Am now anyway waiting for more breaks on key Support levels and selling rallies whenever I got the opportunity

Or else, am gonna use the ichi-style divergence analysis and buy dips he he
  • #9,531
  • Feb 22, 2010 7:06am Feb 22, 2010 7:06am
Guys,

You may recall that I took a Long Position on AUDGBP few days ago. Well, am still holding the position and last week the price has broken the Weekly Key Resistance, hence a new highest high for the second time in this year.

Looking on Monthly, am also not sure where the price is heading, and so I guess the sky is the limit and am riding the trend to the "No Limit" llllloooollll

am just kiddin guys

Happy pips hunting ichi traders
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audgbp monthly.gif Size: 37 KB
Click to Enlarge Name: audgbp weekly.gif Size: 31 KB
Click to Enlarge Name: audgbp daily.gif Size: 31 KB
Click to Enlarge Name: audgbp4h.gif Size: 34 KB
  • #9,532
  • Feb 22, 2010 8:50am Feb 22, 2010 8:50am
http://clc4x.files.wordpress.com/201...if?w=644&h=369
  • #9,533
  • Feb 22, 2010 8:50am Feb 22, 2010 8:50am
http://clc4x.files.wordpress.com/201...if?w=644&h=369
  • #9,534
  • Feb 22, 2010 9:15am Feb 22, 2010 9:15am
is anyone short on euro?
Attached Image (click to enlarge)
Click to Enlarge Name: eurousd.gif Size: 34 KB
  • #9,535
  • Feb 22, 2010 10:27am Feb 22, 2010 10:27am
Quoting clc4x
http://clc4x.files.wordpress.com/201...if?w=644&h=369
This looks like the beginning of a weak bearish reversal imo, and on 4 hour charts trend seems to be going down.
  • #9,536
  • Feb 22, 2010 1:53pm Feb 22, 2010 1:53pm
hi guys i have one question about the settings of ichimoku

do u use the standard settings 9,26,52 or the optimized settings 7,22,44 for the shortened tradingweek?
  • #9,537
  • Feb 22, 2010 2:19pm Feb 22, 2010 2:19pm
Quoting DonDoggy
hi guys i have one question about the settings of ichimoku

do u use the standard settings 9,26,52 or the optimized settings 7,22,44 for the shortened tradingweek?
everyone uses different settings , but people here use mostly original settings (9 26 52 )
  • #9,538
  • Feb 22, 2010 8:20pm Feb 22, 2010 8:20pm
Guys,

Since some of you are talking about eu, I'd also like to share my feeling on this pair and am agree with bro EgyTrader and bro fadi66... For the first time after few months, am keeping myself away to trade this pair and am only interested to look back into it once am see some progress going on within this few days/weeks.

Happy pips hunting ichi traders

p/s this analysis may be useful for medium and long term traders, but may not be useful for scalpers as they can continue trading this pair..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 30 KB
  • #9,539
  • Feb 22, 2010 8:22pm Feb 22, 2010 8:22pm
As I explained in the chart as well. The Kumo Breakout happened in the Support Zone which means prices will find it hard to go further down (fast) and may stall there for some time (thats what has been going on so far).

Should the Kumo Breakout was in the Resistance Zone we would have a large Price Range to move lower ...

Hope that helps.

PS: Also look at CLC4X's charts how he has explained UCHF's support on 4H Kumo Cloud


Quoting Orroro
Hi following your post and suggestion on the usd/chf kumo breakout , why do you say that the kumo breakout is not convincing enough and would be better if the kumo is higher up ( shown in your graph ) ?
  • #9,540
  • Feb 22, 2010 9:58pm Feb 22, 2010 9:58pm
Quoting ichi360
As I explained in the chart as well. The Kumo Breakout happened in the Support Zone which means prices will find it hard to go further down (fast) and may stall there for some time (thats what has been going on so far).

Should the Kumo Breakout was in the Resistance Zone we would have a large Price Range to move lower ...

Hope that helps.

PS: Also look at CLC4X's charts how he has explained UCHF's support on 4H Kumo Cloud
Thanks for the explanation! Appreciate it very much . Previously i hadn't realize the importance of a kumo breakout from a resistance or support zone. Now I do

Going by this, would it be fair to suggest a kumo breakout ( if it happens) in the 4H GBY/JPY would be weak given the price action is treading into the support kumo?

PS: would paste the chart if i could but cant get my web based chart copied for some reason.

Regards,
Orroro
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