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Ichimoku forever

  • #10,841
  • Mar 18, 2010 3:47pm Mar 18, 2010 3:47pm
Sleep well, dream of green pips for all
  • #10,842
  • Mar 18, 2010 4:16pm Mar 18, 2010 4:16pm
Dont try to act too smart. Why dont you tell everyone where did you get the code from ? I've never released the code anywhere on internet then how did you get hold of it ?

Using Decompiler on someone else's code is violation of Copyright anyways and even if you got hold of it from somewhere, you must have seen my name in the Copyright ... did you bother getting in touch with me to ask for permissions and then making the modifications ?

You've had a problem with me from the day one you joined FF thread, I've no idea what was your motivation but I could definitely feel that. You later got onto one of my blog posts saying that you dont believe that the Trade was a real one, although in the post it was clearly mentioned that it wasnt a real trade but just for the learning purpose.

Trust me, I'm unable to understand what exactly is / was your problem ? why you have been trying to pick up on me ?

And yes, if you dare why dont you get back to the thread and face everyone out there and let them decide what you did was right or not ...





SANAI79 WROTE:

Please dont’ put word in my mouth. Read the original post. Where the heck did it say I made the indicator. Are you accusing you created all 3 indicators on post? Hilarious.
“Last indicator is self explanatory. It’s a modified version of some indicator I found on web.”
READ THE ORIGNAL POST:
http://www.forexfactory.com/showpost...ostcount=10594














Quoting sanai79
Guess this thread has turn into a promotion thread for a commercial site....
  • #10,843
  • Mar 18, 2010 6:08pm Mar 18, 2010 6:08pm
Quoting eurisko

Should I wait for the chikou to break the kumo? What does everyone else look for? And does anyone enter a kumo breakout on the H1 chart or the H4?
On any pair that has LOTS of pip movment (GBP/CHF, GBP/JPY to name a couple) sometimes you need to give it a bit more room to breath. In that case i would have put my stop below the Ks (blue line) as its also a key support that can make the market continue higher.

Also on your defence the trade was good but some sort of news has come out and affected all CHF pairs, so dont feel to bad about it.

People trade kumo breaks on all sorts of time frames, i prefer the 1H/4H/Daily mostly.
  • #10,844
  • Mar 18, 2010 6:34pm Mar 18, 2010 6:34pm
Thanks for the reply!!

Ok, So next time there is a kumo breakout, I will watch out for news first, and see how it plays out.

I just wonder how much room I should give the kumo breakout before I place my entry. I hear some people wait for the Chikou to break out of the kumo?

What do you think Weasy2k? What do you wait for until you put your order in?


Quoting Weasy2k
On any pair that has LOTS of pip movment (GBP/CHF, GBP/JPY to name a couple) sometimes you need to give it a bit more room to breath. In that case i would have put my stop below the Ks (blue line) as its also a key support that can make the market continue higher.

Also on your defence the trade was good but some sort of news has come out and affected all CHF pairs, so dont feel to bad about it.

People trade kumo breaks on all sorts of time frames, i prefer the 1H/4H/Daily mostly.
  • #10,845
  • Mar 18, 2010 6:40pm Mar 18, 2010 6:40pm
Quoting eurisko
hey everyone,

I've been studying how to use ichimoku recently, and i put my first trade in yesterday, and of course i lost..haha. I thought it was a kumo breakout, I will only trade kumo breakouts. I have been reading the forum in regards to trading ichimoku so I'm curious were I went wrong.

As you can see from the chart I provided, i got stopped out by the wick of the candle.

Here's my entry. Long GBPCHF at 1.6185, SL 1.6077

When I trade a kumo breakout, I look to see if a candle has closed on the outside of the kumo, a tenkan/kijun cross,...
I would also wait for the chikou to cross price, it's still above it in your chart.
  • #10,846
  • Mar 18, 2010 6:48pm Mar 18, 2010 6:48pm
Yeah, I always use Chikou to confirm trend bias, above price for a bullish bias, below price for a bearish bias.

Quoting denial727
I would also wait for the chikou to cross price, it's still above it in your chart.
  • #10,847
  • Mar 18, 2010 6:53pm Mar 18, 2010 6:53pm
Quoting eurisko
Yeah, I always use Chikou to confirm trend bias, above price for a bullish bias, below price for a bearish bias.
sorry about that, I meant to say chikou above kumo. Trying to watch basketball, forums, charts, can't multitask to well
  • #10,848
  • Mar 18, 2010 7:07pm Mar 18, 2010 7:07pm
[quote=eurisko;3565069]hey everyone,

I've been studying how to use ichimoku recently, and i put my first trade in yesterday, and of course i lost..haha. I thought it was a kumo breakout, I will only trade kumo breakouts. I have been reading the forum in regards to trading ichimoku so I'm curious were I went wrong.

Hi EURISKO, I may have the answer why your trade have failed.
Ichimoku is a great system but you have to take into consideration some basic rules when trading, I mean you should have a look at the support and resistance levels before you go short or long. If you want to trade the H4 chart you should check the daily chart and try to find out whether there is already established trend or respectively what is the range of the price consolidation. As you can see on my daily chart I marked the price consolidation in white. On the H4 chart you can draw you support and resistance levels and check if any of them match with the top or bottom of the kumo. If the price moves through such a level it is very likely to come back and test it. Look at my H4 chart, the red line has been support and resistance for some time and it is about the same level as the top of the kumo. I would rather wait for the price to bounce at this level and then trade it or I would you use the H1 chart and get into a trade at a price level 1.60168. If you scroll back through the charts you will see quite good patterns when price pierce through the kumo, so try to use them when predicting the price action. Hope the above will be of any use for you.
Good luck!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf daily.gif Size: 85 KB
Click to Enlarge Name: gbpchf h4.gif Size: 76 KB
  • #10,849
  • Mar 18, 2010 7:56pm Mar 18, 2010 7:56pm
Thanks BamBam, that's a really good point that you made, I completely overlooked such a critical variable while trading!! How foolish of me. It's for these reasons that I traded very small.

I've taken a look at the Daily chart, indeed GBPCHF is consolidating at the moment. I noticed resistance at 1.6294, if price became bullish and broke through that, then it could indeed further verify my predication of a bullish kumo breakout, right?

Just a thought, resistance at 1.6294 looks like an area in which the chikou could actually break out of the kumo on the H4 chart. Next time, I will check for any major news events, check daily resistance levels (fib, pivot point), or if price action is consolidating or trending. How does that sound?

Any thoughts?

[quote=BamBam;3565398]
Quoting eurisko
hey everyone,

I've been studying how to use ichimoku recently, and i put my first trade in yesterday, and of course i lost..haha. I thought it was a kumo breakout, I will only trade kumo breakouts. I have been reading the forum in regards to trading ichimoku so I'm curious were I went wrong.

Hi EURISKO, I may have the answer why your trade have failed.
Ichimoku is a great system but you have to take into consideration some basic rules when trading, I mean you should have a look at the support and resistance levels before...
  • #10,850
  • Mar 18, 2010 8:38pm Mar 18, 2010 8:38pm
Hey are u a man? Why dare not come into this forum to face the music if you have done nothing wrong? Most of us are waiting for your here...or because you have no guts? Come on, be a man...defence yourself here and see what we have to says....if not we have to call you Chicken!

AY

SANAI79 WROTE:

Please dont’ put word in my mouth. Read the original post. Where the heck did it say I made the indicator. Are you accusing you created all 3 indicators on post? Hilarious.
“Last indicator is self explanatory. It’s a modified version of some indicator I found on web.”
READ THE ORIGNAL POST:
http://www.forexfactory.com/showpost...ostcount=10594


[/quote]
  • #10,851
  • Mar 18, 2010 8:52pm Mar 18, 2010 8:52pm
Quoting Ay0013
Hey are u a man? Why dare not come into this forum to face the music if you have done nothing wrong? Most of us are waiting for your here...or because you have no guts? Come on, be a man...defence yourself here and see what we have to says....if not we have to call you Chicken!

AY

SANAI79 WROTE:

Please dont’ put word in my mouth. Read the original post. Where the heck did it say I made the indicator. Are you accusing you created all 3 indicators on post? Hilarious.
[b]“Last indicator is self explanatory. It’s a...
[/quote]

He's been reported to Twee for copyright infringement.

I would ask that the copyright holder please post anything that may help as evidence to toss this joker out
Not all sins are created equal
  • #10,852
  • Mar 18, 2010 8:59pm Mar 18, 2010 8:59pm
Sanai, who put words in your mouth?

Quoting sanai79
This thread started my interest in Ichimoku and just want to contribute before no longer following this thread. Here are few indicators I made/revised.
Not all sins are created equal
  • #10,853
  • Mar 18, 2010 9:20pm Mar 18, 2010 9:20pm
I am using multi time frame to determine entry and exit.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 19Mar2010-1.png Size: 119 KB

[quote=eurisko;3565483]Thanks BamBam, that's a really good point that you made, I completely overlooked such a critical variable while trading!! How foolish of me. It's for these reasons that I traded very small.

I've taken a look at the Daily chart, indeed GBPCHF is consolidating at the moment. I noticed resistance at 1.6294, if price became bullish and broke through that, then it could indeed further verify my predication of a bullish kumo breakout, right?

Just a thought, resistance at 1.6294 looks like an area in which the chikou could actually break out of the kumo on the H4 chart. Next time, I will check for any major news events, check daily resistance levels (fib, pivot point), or if price action is consolidating or trending. How does that sound?

Any thoughts?
  • #10,854
  • Mar 18, 2010 9:50pm Mar 18, 2010 9:50pm
Quoting eurisko
Thanks for the reply!!

Ok, So next time there is a kumo breakout, I will watch out for news first, and see how it plays out.

I just wonder how much room I should give the kumo breakout before I place my entry. I hear some people wait for the Chikou to break out of the kumo?

What do you think Weasy2k? What do you wait for until you put your order in?
For me it all depends on how confident i am of a trade. If price breaks the kumo long but it took a LONG time to do so then i usually am less confident that the break will last and i will wait for Cs to break above. Most of my trades are just on kumo breaks with TsKs line cross with the break, this results in more trades but also more losses. Money management is key.
The reason i trade this way is because sometimes i feel that if i wait for Cs to cross kumo price has moved so far up that my stop would be to far away to make it a reasonable trade.

This is why you try demo, and make notes of what works for you and what you feel comfortable with. I am still new at ichimoku so im trying new things all the time.
  • #10,855
  • Mar 18, 2010 11:21pm Mar 18, 2010 11:21pm
Hi Folks, I want to clear a few things up. vic_elc and ichi360 were made Commercial Members because they operate a commercial service. Threads started by commercial operators are move to the Under Evaluation forum, as explained here. That’s why this thread was moved.

Secondly, we are going to have to move this thread to the Recycle Bin unless the PDF in the first post is modified, or the PDF is removed. The owner of the http://www.kumotrader.com website has contacted us, rightly complaining that the PDF is copied from his website without a proper credit given. It needs to be 100% clear that the information in the PDF belongs to http://www.kumotrader.com or we cannot allow this thread to be on the forum.

Regarding the alleged decompilation by sanai79, if ichi360 contacts me and shows that there’s in fact been a decompilation, we will ban sanai79 and remove his offending posts. We do not support individuals who decompile EAs. Even if the author is a commercial operator we feel it’s our duty to protect others intellectual property on the forum.
How can I help you? Send me a Private Message!
  • #10,856
  • Mar 19, 2010 12:26am Mar 19, 2010 12:26am
Next time I enter a trade, im going to trade once Chikou has broken above/below the kumo.

Quoting denial727
sorry about that, I meant to say chikou above kumo. Trying to watch basketball, forums, charts, can't multitask to well
  • #10,857
  • Mar 19, 2010 12:49am Mar 19, 2010 12:49am
After looking back on some charts, I've noticed that some of the best kumo breaks occur when there is a thin kumo cloud. The breakout is fast, and the amount of risk is very minimal.

What do you think?

Which type of kumo do you like? A really thick or thin kumo? The thicker the kumo the more resistance.

Quoting Weasy2k
For me it all depends on how confident i am of a trade. If price breaks the kumo long but it took a LONG time to do so then i usually am less confident that the break will last and i will wait for Cs to break above....
  • #10,858
  • Mar 19, 2010 12:52am Mar 19, 2010 12:52am
Well if price breaks a thick kumo then that can only mean that there is lots of momentum in the pair to get it to break and price can very well continue.

A thin kumo can also be problematic because price can easily reverse back under it. I usually only trade a thin kumo break if it is supported by a longer time frame (Daily/Weekly)
  • #10,859
  • Edited 1:36am Mar 19, 2010 1:10am | Edited 1:36am
Hello Members,

Just want to share my trading strategy with all of you. Hope I'll get feed back on it from experienced traders.

On Ichimoku chart,

Buy when TS cross KS AND CS crosses price from below AND Future Kumo is Bullish

Sell when TS cross KS AND CS crosses price from above AND Future kumo is bearish.

30 pips for stop-loss.

I prefer to see 1hr. timeframe chart.

What do you suggest friends?

Thanks
  • #10,860
  • Mar 19, 2010 1:37am Mar 19, 2010 1:37am
Quoting gkdoda
Hello Members,

Just want to share my trading strategy with all of you. Hope I'll get feed back on it from experienced traders.

On Ichimoku chart,

Buy when TS cross KS AND CS crosses price from below AND Future Kumo is Bullish

Sell when TS cross KS AND CS crosses price from above AND Future kumo is bearish.

30 pips for stop-loss.

I prefer to see 1hr. timeframe chart.

What do you suggest friends?

Thanks
The only issue with this to me is the stop loss...fixed stop losses just dont really make sense in my mind as there could be support 2 pips below the 30pips and price will continue in the direction you wanted it to. I like to use real data for stop losses like TS or KS lines...or below/above kumo...just my .02
your entry is a good one tho!
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