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Ichimoku forever

You know , i think that is a brilliant idea. I 'd want something along the line of a group of active traders practising one system and sharing critical ideas and strategy and refining it along the way.

I'm not sure what strict rules you would want to govern the group but i 'm prepared to give trading a fair fair shot and will be interested to join this group.


OT: i wonder how the turtle afiliation comes about in their name. somewhere in the article it mention being related to " how they grow turtle in Singapore " i'm not aware of how differently turtles are bred/grown here compared to elsewhere )

Quoting ichi360
I hope you are all aware of the wonderful achivements of Turtles Group http://originalturtles.tradingblox.com/

How does the idea of Ichimoku Turtles Group sound ?? however let me warn you that before everyone jumps in and say yes, there will be extremely strict rules to be followed and the most important will be showing commitment, trading on consistent basis and be prepared to teach others whatever you know.

Leave your expression of interest here and also PM me your email address.
Thanks. good to know comparative spreads. I wonder if any bro use ECN ? i suppose it is worthwhile paying the min usd 35 comm per month if you trade substantial lots

@ osman : thanks for heads up

Quoting recidiviste
try that its not a complete picture

http://www.fxintel.com/live/



but beware ecn you must + a brokerage


regards

recidiviste
http://www.forexfactory.com/attachme...8&d=1267077629
Quoting fxripper
guys, wanna go long on this one?
Hi fxripper,

What kind indicator(red, blue dot signal) are you using on chart? Could you share this indicator? Please
Quoting ichi360
I hope you are all aware of the wonderful achivements of Turtles Group http://originalturtles.tradingblox.com/

How does the idea of Ichimoku Turtles Group sound ?? however let me warn you that before everyone jumps in and say yes, there will be extremely strict rules to be followed and the most important will be showing commitment, trading on consistent basis and be prepared to teach others whatever you know.

Leave your expression of interest here and also PM me your email address.
for an extremely great idea like this, an extremely strict rules should be agreed to be followed. say yes!
As promised earlier, here is the detailed post on how to trade CFDs and specially the Share CFDs.

First of all, a bit of explanation: CFD is not a dramatically different thing for those who have traded Forex before because they are already aware of how the Leverage based Trading system works.

One thing you may have to consider is where are you living and / or where your Broker is located, some countries such as USA does not allow CFD Trading and the Brokers in that country can not offer you this trading product. CFDs in general are quite popular in United Kingdom and Australia and perhaps its the fastest growing Trading Business Model already.

CFD can be traded on any Financial Instrument such as Forex, Stock Index or Futures, Commodities, Bonds or simply Shares. Here is basic information:

 

  1. CFD stands for Contract For Difference
  2. CFD can be traded both ways which is Long and Short
  3. CFD's Leverage depend on the agreement between you and your broker
  4. Depending on the Financial Instrument, you may have to pay Interest to your Broker based on the agreement and time you remain in trade
  5. Profit or Loss is calculated based on the Difference between the Price your entered into trade and the price you decided to close your trade

Now here is a typical example:

Suppose you wanted to go Long on ANZ "Australia / NZ Banking Group" listed on Australian Stock Market ASX. Why you wanted to go long / buy the shares will of course depend on your trading system or strategy, we're pre-dominantly Ichimoku Followers here so I'll cover the same concepts here. In the chart example I've attached, we go long because we believe there is a Kumo Breakout in the Bullish direction.

If you were to trade Simple Shares and suppose you wanted to buy 1000 Shares at the price of 22.19 you would have to invest 22,190$ plus paid Broker Fess which we assume at the rate of 30$.

Now the same thing if you're trading as a CFD, your Broker may say that I'll get 5% deposit from you and provide you 95% leverage for your trade. In that case the Broker will ask you to provide 1109.50$ and the rest of the 21080.50 comes from the Broker itself.

You're now exposed to a 22k worth of Share Portfolio by depositing 5% of its actual cost.

Now as you can see in the chart that we placed our Stop Loss at 21.74, the difference between the price you entered (22.19) and your Stop Loss is 0.45, your Total Potential Loss in this case could have been 450$ (0.45 * 1000)

Because you did a nice homework before entering into a Trade and you knew what you were doing, the trade went into your favour and the price has touched its highest level of Monthly Resistance at 24$ (price went up to 23.98 just 2 cents below the Resistance line). If you're a conservative trader and don’t like to push your trade too hard, you might want to choose a better / realistic Profit Taking zone which was ideally placed at 23.77 which was the first level of Resistance for ANZ.

If you had covered your Trade at 23.77, the difference between the price you entered and the price you covered your Long trade will be 1.58$ and total profit will be 1158$

Now lets cut 20$ for the commission that you have to pay to your broker for the trade and plus around 50$ as the Interest charges for the Leverage Fund you enjoyed for your trade. Your net Profit will come to around 1088$ by depositing 1109.50$ ... this is clearly around 100% Return on Investment

Question is why do you need to trade CFDs ?

I find it hard to believe that anyone who is serious about trading and want to become a Full time trader can actually just trade one particular market and that too during few specific times such as Forex during London hours. If trading is what you want to do for the rest of your life, you have to look for various Investment / Trading opportunities, you may have to trade Shares on Australian market plus few on FTSE in UK and then Forex during the times that market becomes active and may even want to look at Commodities and Future Index things. You may say that this requires a lot of time and attention but that is why I always keep saying that your trading system has to have a Diversification between not only the Markets you trade but also the Timeframes

Some people have adopted a narrow minded approach where they think trading is all about Scalping on Forex and as long as you scalp 10 pips here and 20 there you'll be fine. You may very well be but definitely not on long term basis, if this is the thing you want to take on as a business you must start looking for a balance between Short Term Scalping and Longer Term Investments

I'll just give you few examples for long term trades:

 

  1. Barclays on FTSE was trading at around 0.75 during March 2009, it is now trading at 3.28 (even after a massive pullback since November 2009)
  2. BHP Billiton on ASX was trading below 30$ in early 2009, it went up to 45$
  3. RIO Tinto on ASX was trading below 45$ during early 2009, it went as high as 80$
  4. Google was at 290 and went to 629


These are just few examples of what you could do and what you can do in future ... Sky is the limit IMHO

PS: I've attached a second chart (Apple Computers) of my live trade example for you

Good luck and trade smart because I know you can
Asher

Attached Image(s) (click to enlarge)
Click to Enlarge Name: ANZ_050310.PNG Size: 55 KB
Click to Enlarge Name: AAPL_050310.PNG Size: 61 KB
i just don't have the Heikin-Ashi on my saxo platform...
Quoting ichi360
I woke up with a nice surprise today morning when I loaded up my ProRealTime Charts and saw that my Broker has upgraded their charting package and specially the kind of things that I have been waiting for such as Colored Kumo Cloud in Ichimoku ...


Although I use MT4 for my analysis, I've been addicted to this charting platform for my live trades as there are few things which I've been a big fan of, such as Heikin Ashi, clear charts to look at, Accurate Pivot Points and etc ......

TKS VM FOR ALL YOUR CONTRIBUTION

just a few questions regarding prorealtime ?

1/ is it possible to put custom indicators or like for example many kijunbar of different time frame on the same chart ?

2/ wich broker use it ?

tks for your time

regards

recdiviste
BROKENGLISH
I use it with www.igmarkets.com.au

Yes you can write any indicator you like, they have an easy programing language for this and so many custom indicators can be downloaded from http://www.prorealtime.com/en/



Quoting recidiviste
TKS VM FOR ALL YOUR CONTRIBUTION

just a few questions regarding prorealtime ?

1/ is it possible to put custom indicators or like for example many kijunbar of different time frame on the same chart ?

2/ wich broker use it ?

tks for your time

regards

recdiviste
Great write up as usual
And you delivered that early before time hah

Quoting ichi360
As promised earlier, here is the detailed post on how to trade CFDs and specially the Share CFDs.

First of all, a bit of explanation: CFD is not a dramatically different thing for those who have traded Forex before because they are already aware of how the Leverage based Trading system works.

One thing you may have to consider is where are you living and / or where your Broker is located, some countries such as USA does not allow CFD Trading and the Brokers in that country can not offer you this trading product. CFDs in...
Quoting ichi360
I hope you are all aware of the wonderful achivements of Turtles Group http://originalturtles.tradingblox.com/

How does the idea of Ichimoku Turtles Group sound ?? however let me warn you that before everyone jumps in and say yes, there will be extremely strict rules to be followed and the most important will be showing commitment, trading on consistent basis and be prepared to teach others whatever you know.

Leave your expression of interest here and also PM me your email address.
I love the idea , its something that I was thinking about too . I admire what michael covel is doing , I suggest everyone to read his trend following book , also ordered his movie "broke" , so Asher if ur building up a ichi turtles group , im in !
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.



Quoting Iskander
I love the idea , its something that I was thinking about too . I admire what michael covel is doing , I suggest everyone to read his trend following book , also ordered his movie "broke" , so Asher if ur building up a ichi turtles group , im in !
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.
more importantly if we all stick to the same rules and principles there wont be confusion like "is this a valid breakout ? Can I short here ? etc etc , especially among newcomers . I can even oraganise a voice chat room , which i did actually , but noone payed much attention , so its empty at the moment .
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.
Count with me
Trade Smart
Quoting ichi360
I hope you are all aware of the wonderful achivements of Turtles Group http://originalturtles.tradingblox.com/

How does the idea of Ichimoku Turtles Group sound ?? however let me warn you that before everyone jumps in and say yes, there will be extremely strict rules to be followed and the most important will be showing commitment, trading on consistent basis and be prepared to teach others whatever you know.

Leave your expression of interest here and also PM me your email address.

I am also interested count me too
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.
count me in. if you will take in a new guy.
I will follow the rules strictly if there are pips to be made.

thanks.

ps

sorry, cannot pm you, still a junior member.
will email you instead.
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.
count me in.
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.
Asher,

Loved the idea, make it 8 Let me know if I could be of any assistance in this.

Cheers,
Omar
Quoting ichi360
thanks bro ... but so far its only 3 votes.

I need more people's interest to think about moving it to the next stage.

I'm in as well
Hi Ichi
please count me in your group
I am interested in ichimoko charts but prefer the daily time frame
I ask if I can help
Looks like a great idea, please count me in.


Quoting ichi360
I hope you are all aware of the wonderful achivements of Turtles Group http://originalturtles.tradingblox.com/

How does the idea of Ichimoku Turtles Group sound ?? however let me warn you that before everyone jumps in and say yes, there will be extremely strict rules to be followed and the most important will be showing commitment, trading on consistent basis and be prepared to teach others whatever you know.

Leave your expression of interest here and also PM me your email address.
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