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Ichimoku forever

  • #10,401
  • Mar 13, 2010 11:17am Mar 13, 2010 11:17am
Quoting Checkz
I want to make sure I understand when to exit correctly. If i am trading the 4 hour timeframe then I should be looking at the 1st Cs above or below on the daily chart as away to determine my exit? is this right or wrong.
Checkz

i know what is confusing you , here we go again
if you are scalping it means that u wanna jump in and jump out fast
entry will be from 15 misn ( breakout as per rules ), when we exit we will exit @ last high/low according to our entry long/short on the 15 mins


for swing trades on 1hr/4hs we can leave the position running till the S/R levels on daily chart or we can let the kumo decides when we are out by moving our SL below/above it .

hope it is clear now
good luck
  • #10,402
  • Mar 13, 2010 11:37am Mar 13, 2010 11:37am
Hi guys i just got the idea to add further lots when cs breaks resistance.
Whats your opinion?
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  • #10,403
  • Mar 13, 2010 11:43am Mar 13, 2010 11:43am
Quoting DonDoggy
Hi guys i just got the idea to add further lots when cs breaks resistance.
Whats your opinion?
Good Idea , i used to add positions using lower TFs like 15 mins with the cloud break in the same direction of my entry. it is working but it needs lot of attention and good calculation for SL cause u might end losing all of them at the end
keep up the good ideas
good luck
  • #10,404
  • Mar 13, 2010 12:26pm Mar 13, 2010 12:26pm
Quoting BamBam
Hi guys, awesome thread and many thanks to Vic, Itchi360, Adipati for the great work. I've been around for some time, and as I said before Ichimoku is a beautiful piece of art and it needs to be appreciated with respect.
For all new guys popping in, Ichimoku or the Ichi-turtle group won't save you from loosing your money, so pay more attention to money and risk management, be patient, read more on FOREX,respect the market and don't stop dreaming.
Good luck all!!!
BamBam welcome aboard
i feel another pro is is joining the bang
good luck
  • #10,405
  • Mar 13, 2010 4:28pm Mar 13, 2010 4:28pm
Might be a good long term opportunity ...
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  • #10,406
  • Mar 13, 2010 4:29pm Mar 13, 2010 4:29pm
Not yet mate ... still working on the idea.

Quoting Iskander
Hi Asher , any news regarding turtles group ?
  • #10,407
  • Mar 13, 2010 10:25pm Mar 13, 2010 10:25pm
Quoting vic_elc
Checkz

i know what is confusing you , here we go again
if you are scalping it means that u wanna jump in and jump out fast
entry will be from 15 misn ( breakout as per rules ), when we exit we will exit @ last high/low according to our entry long/short on the 15 mins


for swing trades on 1hr/4hs we can leave the position running till the S/R levels on daily chart or we can let the kumo decides when we are out by moving our SL below/above it .

hope it is clear now
good luck
Thanks vic I hope I didn't upset you. I just wanted to make sure I understood everything.
  • #10,408
  • Mar 14, 2010 4:28am Mar 14, 2010 4:28am
Hey guys.. Just my thought on GU..

On 4H chart of Cable, we can see TS and KS cross. PA's rip the cloud already and now is above kumo. IMO Cable will go to 5230-5240, where there is a cross between 5230 Resistance and upper line of upward channel. Then pulled back to blue zone, which is a perfect area to place long

Please correct me if i'm wrong...I think i gonna stick with ichimoku from now. Wish you guys green pips.
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  • #10,409
  • Mar 14, 2010 4:50am Mar 14, 2010 4:50am
Quoting ichi360
Not yet mate ... still working on the idea.
Hey ichi360, happy to hear about the progress if u need any help, just say it.
What about a facebook-group to capture all the turtle aspirants?

@vic
Im still working on some nice trading rules and ideas for trading CFD Shares with Ichimoku - some good ideas for setting the SL are in progress - testing!


I found a good EA named "Trading Simulator 2" it's a very good tool for MetaTrader to test discretionary trading with real quotes. Best for all the Ichimoku beginners -> Trading Simulator 2 @MQL4-Codebase
  • #10,410
  • Mar 14, 2010 5:29am Mar 14, 2010 5:29am
Hi DonDoggy,

just dont forget to share here if u have a positive result on the rule that u have been doing.
Because this thread is build for share and learn together.
waiting for the positive result bro.
Good luck
Helping Others bring u luck
  • #10,411
  • Mar 14, 2010 5:40am Mar 14, 2010 5:40am
Since you mentioned CFD Shares, I thought this Excel Spreadsheet might be of interest to you.

This basically helps us to determine how much Deposit we need to put if we have to buy certain number of shares. And then based on the SL and TP we provide it will calculate the Potential Loss and Potential Profit for us.

PS: Currently its only working for LONG trades, still need to modify the formulas so that it can work for SHORT Trades as well. If somebody wants to pick up this task and modify the formulas then that will be a great help. BTW, same can be a great idea for Forex trading too as its alwasy helpful to know in advance how much we're going to lose or win before we pull the trigger on a trade.

Cheers,
Asher


Quoting DonDoggy
Im still working on some nice trading rules and ideas for trading CFD Shares with Ichimoku - some good ideas for setting the SL are in progress - testing!
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Attached File(s)
File Type: zip CFD Trading.zip   16 KB | 694 downloads
  • #10,412
  • Mar 14, 2010 6:14am Mar 14, 2010 6:14am
Quoting ichi360
Since you mentioned CFD Shares, I thought this Excel Spreadsheet might be of interest to you.

This basically helps us to determine how much Deposit we need to put if we have to buy certain number of shares. And then based on the SL and TP we provide it will calculate the Potential Loss and Potential Profit for us.

PS: Currently its only working for LONG trades, still need to modify the formulas so that it can work for SHORT Trades as well. If somebody wants to pick up this task and modify the formulas then that will be a great help. BTW, same...
thats pretty interesting , also here is position size calculator that im using , its pretty simple , i belive someone posted it in the thread earlier
Attached File(s)
File Type: xls Postion Size Calculator.xls   14 KB | 618 downloads
  • #10,413
  • Mar 14, 2010 6:44am Mar 14, 2010 6:44am
hi iskander

what does Stop mean in this calculator? is it in pips?
  • #10,414
  • Mar 14, 2010 6:58am Mar 14, 2010 6:58am
I'm also quite confused. Can we trade 4 lots with a 12k account size and 2% Risk Management rule ?

Or am I missing something ?


Quoting redbeben
hi iskander

what does Stop mean in this calculator? is it in pips?
Quoting Iskander
thats pretty interesting , also here is position size calculator that im using , its pretty simple , i belive someone posted it in the thread earlier
Attached Image
  • #10,415
  • Mar 14, 2010 7:08am Mar 14, 2010 7:08am
Quoting ichi360
Might be a good long term opportunity ...
Hi Ichi,

Could you tell me platform you are using, i presime its metatrader but is it odl, ibfx etc, let me know so i can be on the same wave length regarding your charts

Paul
  • #10,416
  • Mar 14, 2010 7:12am Mar 14, 2010 7:12am
Quoting redbeben
hi iskander

what does Stop mean in this calculator? is it in pips?
yes its the distance between ur entry price , and SL price calculated in pips (calculated by you)
  • #10,417
  • Mar 14, 2010 7:12am Mar 14, 2010 7:12am
Here is the excel sheet from ichi360 with the implementation of Long/Short trades. I will try to combine it with my own trading journal that includes various analysis functions for improving ur trading!

i also saved the file compatible for Excel 2003 so all the members who uses the old version can now test it. have fun!
Attached File(s)
File Type: zip CFD Trading.zip   31 KB | 875 downloads
  • #10,418
  • Mar 14, 2010 7:16am Mar 14, 2010 7:16am
Quoting ichi360
I'm also quite confused. Can we trade 4 lots with a 12k account size and 2% Risk Management rule ?

Or am I missing something ?
hmm , no , i think ur correct . Maybe it was intended to be used with microlots ? i think in this case it should be 4.36 $ per pip , and not 4.36 lot .
What do u think ?
  • #10,419
  • Mar 14, 2010 7:26am Mar 14, 2010 7:26am
Quoting DonDoggy
Here is the excel sheet from ichi360 with the implementation of Long/Short trades. I will try to combine it with my own trading journal that includes various analysis functions for improving ur trading!

i also saved the file compatible for Excel 2003 so all the members who uses the old version can now test it. have fun!
Thats quick ...

however I cant seem to make it work for Short Trades ... what changed did you make and how to use those ?
  • #10,420
  • Mar 14, 2010 7:41am Mar 14, 2010 7:41am
Quoting ichi360
Thats quick ...

however I cant seem to make it work for Short Trades ... what changed did you make and how to use those ?
I used simple If-then-function (Wenn;Dann;Sonst), the calculation for long and short trades for the potential loss & profit is just inverted :-)

Another idea is to implement the latest quotes from yahoo or google finance with the data-import from web to calculate the current PL in realtime
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