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Ichimoku forever

  • #9,741
  • Feb 26, 2010 7:10am Feb 26, 2010 7:10am
On the 4h TF price just crossed EMA50. Cloud is getting thinner. KS seems to be a support. Also on the monthly chart kumo cloud is acting as support zone.

Waiting for a bullish kumo breakout on 4h TF :-)
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  • #9,742
  • Feb 26, 2010 7:24am Feb 26, 2010 7:24am
Price found support at kumo cloud. On daily chart the kumo turned bullish. Would you trade a bullish kumo breakout ?
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  • #9,743
  • Feb 26, 2010 7:32am Feb 26, 2010 7:32am
possible strong bearish ts/ks crossover H1 standard ichimoku settings, watch for good pip run as its friday
  • #9,744
  • Feb 26, 2010 9:02am Feb 26, 2010 9:02am
Quoting ichi360
not a guru mate ... just trying to help

Your problem is nothing new or unusual ... trading is all about having the right mindset and not the system / indicators. Ichimoku, EW, Belkhayate or any other thing can NEVER EVER help you if you dont set your mind straight ...

Its all up there ... and it takes bloody long time to train your mind acting like a Pro Trader.

The most funniest thing is that you'll keep struggling with this problem for a really long time and you will feel that this problem is never going to go away and suddenly one...
thanks Asher. aha. yeah, i sometimes think that i would just give up trading but all these while would be a waste, who knows, i might just be close to the trading freedom. hehe
  • #9,745
  • Feb 26, 2010 9:22am Feb 26, 2010 9:22am
Quoting fredfx
possible strong bearish ts/ks crossover H1 standard ichimoku settings, watch for good pip run as its friday

hey what 's it being friday to do with pip run ?
  • #9,746
  • Feb 26, 2010 9:35am Feb 26, 2010 9:35am
Quoting ichi360
not a guru mate ... just trying to help

Your problem is nothing new or unusual ... trading is all about having the right mindset and not the system / indicators. Ichimoku, EW, Belkhayate or any other thing can NEVER EVER help you if you dont set your mind straight ...

Its all up there ... and it takes bloody long time to train your mind acting like a Pro Trader.

The most funniest thing is that you'll keep struggling with this problem for a really long time and you will feel that this problem is never going to go away and suddenly one fine...
that is so true my friend , ive been struggling with myself for the past 4 years . still havent succeded , but im making progress (i hope so) for me its really hard to get rid of gamblers mind , and start thinking like a pro trader .
  • #9,747
  • Feb 26, 2010 9:45am Feb 26, 2010 9:45am
Quoting DonDoggy
Price found support at kumo cloud. On daily chart the kumo turned bullish. Would you trade a bullish kumo breakout ?

bearish breakout, but cs is over the cloud
  • #9,748
  • Feb 26, 2010 9:53am Feb 26, 2010 9:53am
Quoting Orroro
hey what 's it being friday to do with pip run ?
because weekly and monthly close is very important to big time traders ie short covering, profit taking and so on , so market is usually volatile on friday and many more other reasons
  • #9,749
  • Feb 26, 2010 10:14am Feb 26, 2010 10:14am
Thanks for your clarification on my behalf.

I am expecting any contrustive feedback in forum. Everyday, i learning new things.

Quoting Adipati
I think what bro clc4x meant is that the Kumo, not only acts as Resistance, but also 'supporting' the downward move of the price. There is nothing wrong with that.

This thread is friendly and approachable to everybody, so please use a more polite and friendly word (than the ones highlighted) and not to look down on others even if we think we are already good in trading.
  • #9,750
  • Feb 26, 2010 10:17am Feb 26, 2010 10:17am
Ichimoku just keep it simple it is stronger
  • #9,751
  • Feb 26, 2010 10:50am Feb 26, 2010 10:50am
Quoting fxripper
hi guys, bulls have been losing the fight in EU since December. Their army might be ready to strike back any time soon. Kumo clouds has been shrinking, and both KS and TS has turned flat in H4. in H4, a great bullish divergence shows that the price might explode to the upper side soon and stochastic in Daily keeps on moving up while the price moves down. Be careful bears and grizzlies. The bulls might be back.
not as massive yet but there u go some development of the bullish move. price might retrace a little or just move back to downtrend.
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  • #9,752
  • Edited Feb 27, 2010 1:54am Feb 26, 2010 11:03am | Edited Feb 27, 2010 1:54am
Quoting EgyTrader
Ichimoku just keep it simple it is stronger
How's your pips hunting today mate?

As for me, today being the holiest day and the day when our great Prophet was born, He blessed me again with some nice pips, Alhamdulillah...

Hope you and other ichi traders also got some nice pips today

Keep up the good work bro
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  • #9,753
  • Feb 26, 2010 11:12am Feb 26, 2010 11:12am
Today is Malaysia holiday (Prophet Muhammad's Birthday)

Quoting Adipati
How's your pips hunting today mate?

As for me, being the holiest day and the day when our great Prophet was born, He blessed me again with some nice pips today, Alhamdulillah...

Hope you and other ichi traders also got some nice pips today

Keep up the good work bro
  • #9,754
  • Feb 26, 2010 11:25am Feb 26, 2010 11:25am
Quoting fxripper
not as massive yet but there u go some development of the bullish move. price might retrace a little or just move back to downtrend.
Hi Fxripper

hey you are right there on the money when you mentioned bullish divergence. I have half a mind to short the pair since i have seen it bounced down from channel support many times . Then I saw your post earlier on and decide to hold my horse

As this thread is about ichimoku can anyone show us how to interprete this happening under the ichimoku system ?

And dare i ask maybe go as far as predicting the trend going into next week ? Afaik ichimoku seems to be a trending system built to spot trend forming rather than forecast a trend hence my 2bit reservation abt asking.
  • #9,755
  • Feb 26, 2010 11:30am Feb 26, 2010 11:30am
EUR/USD 4h chart

the bullish price actions seems to be an bull trap

cs cant cross ks at the moment
  • #9,756
  • Feb 26, 2010 11:36am Feb 26, 2010 11:36am
Quoting DonDoggy
EUR/USD 4h chart

the bullish price actions seems to be an bull trap

cs cant cross ks at the moment
looks like it but a long for intraday might be great. looks like we are goin back down. we'll see how things go this time. crazy2 market. sigh
  • #9,757
  • Feb 26, 2010 11:39am Feb 26, 2010 11:39am
Quoting Orroro
Hi Fxripper

hey you are right there on the money when you mentioned bullish divergence. I have half a mind to short the pair since i have seen it bounced down from channel support many times . Then I saw your post earlier on and decide to hold my horse

As this thread is about ichimoku can anyone show us how to interprete this happening under the ichimoku system ?

And dare i ask maybe go as far as predicting the trend going into next week ? Afaik ichimoku seems to be a trending system built to spot trend forming rather than forecast...
im not sure on this but there are many times i was told that a flat tenkan sen has a magnetic effect which might also predict that upward move before it gets back down. dear ichimoku gurus, correct me if i am wrong.
  • #9,758
  • Feb 26, 2010 11:52am Feb 26, 2010 11:52am
Quoting fxripper
im not sure on this but there are many times i was told that a flat tenkan sen has a magnetic effect which might also predict that upward move before it gets back down. dear ichimoku gurus, correct me if i am wrong.

EgyTrader wrote in his pdf document about the Magnetic power of KS.
I am not sure if the ts got the same effect???
  • #9,759
  • Feb 26, 2010 12:17pm Feb 26, 2010 12:17pm
Interesting battle between bulls and bear here at the 1.0525 support level demarcated by ( ichi magic ??) the chikou span, the kijun sen and the senkou span B of the developing kumo ! Best part it marks also the 50% Fibonacci retracement -something i absolutely respect. Price at the mo is holding up above the level

If the level holds , i expect price to swing up aided by the support kumo both in 4H and daily .

This had been somewhat of a disappointing trade :| Yesterday before sleep i longed upon kumo break only to wake up to find the chikou span snuggling inside kumo . Terminated the trade which, lucky or not , proved to be good on hindsight as the PA today did dip below kijun sen line for a moment , which would stop me out of my trade.

I'm looking for critical comments and lesson that can be drawn from here from you bros. Anyone?

@ Egytrader: i noticed your post on double dip of chikou span on the 15M TF and i agree that points to reversal. Question is : i want to swing trade on 4H TF . Do i have to keep checking shorter TF to prevent this from happening ?
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  • #9,760
  • Feb 26, 2010 12:33pm Feb 26, 2010 12:33pm
Quoting fxripper
im not sure on this but there are many times i was told that a flat tenkan sen has a magnetic effect which might also predict that upward move before it gets back down. dear ichimoku gurus, correct me if i am wrong.
maybe not tenkan sen . The kijun sen and to a greater extent the flat senkou span B points to equilibrium.

@Dondoggy : yes Chikou span may not break past the
kumo. it seems to be in amongst the " noise ". Maybe sideway trending
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