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Ichimoku forever

  • #11,241
  • Mar 24, 2010 3:52pm Mar 24, 2010 3:52pm
Quoting BamBam
If Chikou span (CS) is above the candlestick of 26 periods ago, then there is a bullish trend.
If CS is below the candlestick of 26 periods ago, then there is bearish trend.
At first thanks for your answer. Both states above are clear to me, but when you consider my chart, then you'll see that ChikouSpan is within that black candle (where the yellow ellispe is). So Chikou is not above nor below the candle?
  • #11,242
  • Mar 24, 2010 4:21pm Mar 24, 2010 4:21pm
Hi Nightyhawk I think you misread the chart...your Chikou is in the red circle...; )
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  • #11,243
  • Mar 24, 2010 4:26pm Mar 24, 2010 4:26pm
Quoting ag_fx
AUDUSD H4 chart.

KS/TS cross has taken place. Kumo breakout too. Only thing missing is CS breakout from the cloud.

Any thoughts?
hey bro where did u get those red arrows from? are they part of the MT4?
  • #11,244
  • Mar 24, 2010 4:35pm Mar 24, 2010 4:35pm
I’ve finished the testing of ichi360 Monitor V3 and its ready for your use now. The only difference between the V2 and this new version is that the V3 also gives a snapshot of lower timeframes up to 1 minute. Hope you will find it useful for your trading.


Good luck and trade smart.


Download Link: http://www.ichi360.com/?p=2378
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  • #11,245
  • Mar 24, 2010 4:41pm Mar 24, 2010 4:41pm
Your option C is invalid and so does the a and b as well.

The correct formula is

IF Today's CLOSE is > CLOSE of 26 periods back THEN Bullish
IF Today's CLOSE is < CLOSE of 26 periods back THEN Bearlish

Note there is a focus on word CLOSE and that is why Chikou Span bias can not be confirmed until the Candle has closed.

PS: You will rarely have situation where Today's Close and Close 26 periods back will be exactly the same.

Cheers,
Asher




Quoting nightyhawk
After I watching that ICHI101 Video I have a question regarding ChikouSpan. The mentor in ICHI101 tells that Chikou can be in three different states:
a) Chikou is above the candle = bullish
b) Chikou is below the candle = bearish
c) Chikou is between the candle = neutral (look in the attachment)

Could anybody clearify State c for me...?
  • #11,246
  • Mar 24, 2010 4:43pm Mar 24, 2010 4:43pm
Quoting nightyhawk
At first thanks for your answer. Both states above are clear to me, but when you consider my chart, then you'll see that ChikouSpan is within that black candle (where the yellow ellispe is). So Chikou is not above nor below the candle?
Sorry, may be I was not that clear. Once again, CS is your closing price plotted 26 periods ago. Have a look at the white bullish candle, the third one as you count from right to the left.This candle represents the CS in the body of the black (bear ) candle as you have marked it. As you can see the bottom and top of the white candle is your daily low and high ( your daily range). If you refer to the bear candle, 26 days ago, the price made a lower low and higher high, so daily range was of a bigger scale compared to the one on the day with the bull candle. Therefore, the CS is in the candle.
  • #11,247
  • Mar 24, 2010 4:46pm Mar 24, 2010 4:46pm
Quoting Ichi Kid
Hi Nightyhawk I think you misread the chart...your Chikou is in the red circle...; )
Imagine you saw that chart just 2 days ago... there Chikou was within that long black candle.... so once again my question - how do we rate the situation, when chikou is not above or below a candlestick but inside that candle?
  • #11,248
  • Mar 24, 2010 4:47pm Mar 24, 2010 4:47pm
Quoting ichi360
Your option C is invalid and so does the a and b as well.

The correct formula is

IF Today's CLOSE is > CLOSE of 26 periods back THEN Bullish
IF Today's CLOSE is < CLOSE of 26 periods back THEN Bearlish

Note there is a focus on word CLOSE and that is why Chikou Span bias can not be confirmed until the Candle has closed.

PS: You will rarely have situation where Today's Close and Close 26 periods back will be exactly the same.

Cheers,
Asher
That is what I wanted to read... thx Asher!
  • #11,249
  • Mar 24, 2010 4:49pm Mar 24, 2010 4:49pm
Quoting ichi360
I’ve finished the testing of ichi360 Monitor V3 and its ready for your use now. The only difference between the V2 and this new version is that the V3 also gives a snapshot of lower timeframes up to 1 minute. Hope you will find it useful for your trading.


Good luck and trade smart.


Download Link: http://www.ichi360.com/?p=2378

Thank you so much!
The things which hurt, instruct! - Benjamin Franklin
  • #11,250
  • Mar 24, 2010 4:49pm Mar 24, 2010 4:49pm
Nice set up for me with CS at the time of entry below TS and KS

Thought Id use the cloud as a stop as its support for the short..

Moved into the cloud but clearly supported and technicaly still in..

Just toying with different things but today on 5min

4 sig
35 +12-8 and still live Ive marked where id place my sliding stop as of now ..on the previous horizontal KS

cheers

P
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  • #11,251
  • Mar 24, 2010 4:50pm Mar 24, 2010 4:50pm
Quoting ichi360
I’ve finished the testing of ichi360 Monitor V3 and its ready for your use now. The only difference between the V2 and this new version is that the V3 also gives a snapshot of lower timeframes up to 1 minute. Hope you will find it useful for your trading.


Good luck and trade smart.


Download Link: http://www.ichi360.com/?p=2378
Will this work for a fxcm account
  • #11,252
  • Mar 24, 2010 4:53pm Mar 24, 2010 4:53pm
iv marked another entry point and on reflection far better..all criteria were met and in this case no draw down
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  • #11,253
  • Mar 24, 2010 4:55pm Mar 24, 2010 4:55pm
ps..you guys are real nice here..one of the most helpful threads

Keep the peace its a nice place to be

P
  • #11,254
  • Mar 24, 2010 5:00pm Mar 24, 2010 5:00pm
Quoting nightyhawk
Imagine you saw that chart just 2 days ago... there Chikou was within that long black candle.... so once again my question - how do we rate the situation, when chikou is not above or below a candlestick but inside that candle?
Obviously, you can not assess the situation on only one daily candlestick. You know that daily candlestick represents 24 1h candlesticks, 6 4H candlesticks and so on. If you do itraday trading switch to a lower timeframe to see the price action in more detail. If you trade on a daily chart zoom out further, not in 40 candlesticks as in your chart .
  • #11,255
  • Mar 24, 2010 5:14pm Mar 24, 2010 5:14pm
FinallyApple has managed to see the Top of 230$ … I’m expecting some pullback for some time and then add further lots at the 220$ zone which is Resistance turned into Support Zone.

http://www.ichi360.com/cfd/?p=151
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  • #11,256
  • Mar 24, 2010 6:21pm Mar 24, 2010 6:21pm
Quoting ichi360
I’ve finished the testing of ichi360 Monitor V3 and its ready for your use now. The only difference between the V2 and this new version is that the V3 also gives a snapshot of lower timeframes up to 1 minute. Hope you will find it useful for your trading.


Good luck and trade smart.


Download Link: http://www.ichi360.com/?p=2378

You MUST be a mind reader.

Thanks.
  • #11,257
  • Mar 24, 2010 6:32pm Mar 24, 2010 6:32pm
Quoting Checkz
Will this work for a fxcm account

I don't believe they're compatible.
  • #11,258
  • Mar 24, 2010 7:56pm Mar 24, 2010 7:56pm
What do I need to do to use ichi360 indicator? I have a Metetrader4 AlpariUK demo account but I don't know alot about computer's so can I use it on it. Everytime I tried to download it it keep saying I have to search for a program to open it Im confused.
  • #11,259
  • Mar 24, 2010 8:11pm Mar 24, 2010 8:11pm
Quoting Checkz
What do I need to do to use ichi360 indicator? I have a Metetrader4 AlpariUK demo account but I don't know alot about computer's so can I use it on it. Everytime I tried to download it it keep saying I have to search for a program to open it Im confused.

You need to save it in the indicators folder, not open/run the file

Go to Computer > C Drive > Program files > Metatrader (or name of platform) > experts > indicators.

Once it is in there restart your MT4 and add to your charts. It a custom indicator.
  • #11,260
  • Mar 24, 2010 9:46pm Mar 24, 2010 9:46pm
Quoting TraderHomer
You need to save it in the indicators folder, not open/run the file

Go to Computer > C Drive > Program files > Metatrader (or name of platform) > experts > indicators.

Once it is in there restart your MT4 and add to your charts. It a custom indicator.
Thanks but why does it show up so low in the corner that I can't see the other timeframes
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