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Ichimoku forever

  • #9,601
  • Feb 24, 2010 8:43am Feb 24, 2010 8:43am
Quoting fxripper
yeah sure.
this is an indicator created by ichi360.
credits to him
you so great bro....what TF is suitable for this indi?
thanks again & also credit to ichi360
  • #9,602
  • Feb 24, 2010 9:10am Feb 24, 2010 9:10am
Quoting ichi360
Another trade ... got a nice run today
I noted you entered at ts-ks cross rather than at the price break below kumo. Can you share with us why ?

Thanks,
Orroro
  • #9,603
  • Feb 24, 2010 9:44am Feb 24, 2010 9:44am
Strong buy signal on aud/cad 4hr chart at 0.9400. Some R at 0.9432 & 0.9450 area then after that will target 0.9500. SL will be a little below kumo at 0.9350.
Attached Image (click to enlarge)
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  • #9,604
  • Feb 24, 2010 9:58am Feb 24, 2010 9:58am
AUD/CAD

The KS and the kumo cloud is a resistance, isnt it?
Attached Image (click to enlarge)
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  • #9,605
  • Feb 24, 2010 10:05am Feb 24, 2010 10:05am
On the daily the kumo is R. But it is a thin R so it could be broken more easily than a thick kumo. On the 4hr the kumo is acting as S.
  • #9,606
  • Feb 24, 2010 10:11am Feb 24, 2010 10:11am
Quoting ferndog
On the daily the kumo is R. But it is a thin R so it could be broken more easily than a thick kumo. On the 4hr the kumo is acting as S.
How do you define your target?
  • #9,607
  • Feb 24, 2010 10:12am Feb 24, 2010 10:12am
Hi Fxripper

It would seem to me at point of entry looking at the 4H chart that there is some uncertainty over the downside bias of PA. assuming my correlation of your entry position with my 4H chart is correct , the TS is above the KS .

Furthermore, note the thin bearish kumo which , if my guess is correct , acts as strong magnet for PA (I'm happy to be corrected on this ) , thus lending more weight to upside bias.

However long term TF does indicate bearish trend so good luck bro . As adipati had advised it is good practice to check the higher TF charts

Hope that helps.

Quoting fxripper
I hate what i'm seeing now. Ranging for hours. shorted at the kumo breakout and still. . .market remains quiet. ughh
Attached Image (click to enlarge)
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  • #9,608
  • Feb 24, 2010 10:24am Feb 24, 2010 10:24am
USD/JPY

Waiting for chikou span conformation to enter short on close of the 4h candle
Attached Image (click to enlarge)
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  • #9,609
  • Feb 24, 2010 10:25am Feb 24, 2010 10:25am
Quoting Orroro
Hi Fxripper

It would seem to me at point of entry looking at the 4H chart that there is some uncertainty over the downside bias of PA. assuming my correlation of your entry position with my 4H chart is correct , the TS is above the KS .

Furthermore, note the thin bearish kumo which , if my guess is correct , acts as strong magnet for PA (I'm happy to be corrected on this ) , thus lending more weight to upside bias.

However long term TF does indicate bearish trend so good luck bro . As adipati had advised it is good practice to check...
thanks bro.
got stopped out n might re enter. sigh.
  • #9,610
  • Feb 24, 2010 10:27am Feb 24, 2010 10:27am
Quoting DonDoggy
How do you define your target?
There are different ways. Example you go long & you are in profit. Then you see 4 or 5 candles stall at a price area. This means price is having a hard time getting higher so you could say price is in a channel because candles formed in an area & can't get higher. You could get out right there or wait & see which way it breaks. If you can't watch the charts look at the chinkou it tells you were price has stalled in the past. Look for sharp turns with chinkou. Then you could target areas were you might think there will be congestion in the price.
  • #9,611
  • Feb 24, 2010 10:41am Feb 24, 2010 10:41am
thx ferndog for your answer

EUR/USD 1H

On the 1h chart it seems like bulls are losing the fight.
they cant break the kumo cloud. also chikou span is turning back into the cloud.
Attached Image (click to enlarge)
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  • #9,612
  • Feb 24, 2010 12:28pm Feb 24, 2010 12:28pm
Strong short signal on e/u on 4hr...gonna find support at 1.3500 ...daily trend is down of course so maybe it has more room to go down. Not trading this myself.
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  • #9,613
  • Feb 24, 2010 12:42pm Feb 24, 2010 12:42pm
Photo say what words can not say

see that and check EU 1H now

http://i45.tinypic.com/v67u3r.png
  • #9,614
  • Feb 24, 2010 1:37pm Feb 24, 2010 1:37pm
Just bought an option for e/u to close below 1.3325 risk 10 to win 90...so if this can go down i can make a little profit. I dont expect this to go down to 1.3300 area but maybe in the low 1.3400 area would be good.
  • #9,615
  • Feb 24, 2010 1:54pm Feb 24, 2010 1:54pm
http://i46.tinypic.com/2j35kqx.jpg
  • #9,616
  • Feb 24, 2010 2:19pm Feb 24, 2010 2:19pm
Do you trade Options ?

Quoting ferndog
Just bought an option for e/u to close below 1.3325 risk 10 to win 90...so if this can go down i can make a little profit. I dont expect this to go down to 1.3300 area but maybe in the low 1.3400 area would be good.
  • #9,617
  • Feb 24, 2010 2:58pm Feb 24, 2010 2:58pm
Sure do. Do you?
  • #9,618
  • Feb 24, 2010 3:17pm Feb 24, 2010 3:17pm
Quoting ferndog
Sure do. Do you?
No ... actually I just dont understand the concept behind it. I do CFDs but not Options. Mind explaining the basics ?

May be you could explain a bit about your current Option Trade, some numbers, how did you enter where to exit, SL, Risk etc ...
  • #9,619
  • Feb 24, 2010 3:45pm Feb 24, 2010 3:45pm
I posted a chart on the previous page of this thread for the e/u which signaled a short. So as a target i look for it to go to 1.3450 area where i see some support. My stop is a break of KS. Binary options are simple yes or no propositions. For example will the e/u close below 1.3500 today you either select yes it will or no it will not. The odds you get depend where the price is at now. So lets say the price is right now at 1.3500 then your odds would be 50/50. So you would buy this option because you think it will stay above 1.3500 or sell if you think it stays below....so you would risk 50 to win 50. In my trade since i said i think e/u will close below 1.3325 then right now the odds are very low that will happen so you would risk very little but with a high reward....So even if it doesn't close below that but gets closer & closer to it i can still profit. Right now i risked 10 to win 90. As it gets closer to 1.3325 my profit starts increasing....if it does close below 1.3325 then i made 90 & only risked 10....By the way the option i traded is a weekly option...so i still have a couple of days.
  • #9,620
  • Feb 24, 2010 7:35pm Feb 24, 2010 7:35pm
ichi360

are u enjoying jpy down rally man ?
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