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Ichimoku forever

  • #11,721
  • Mar 31, 2010 5:27am Mar 31, 2010 5:27am
Quoting Soondoock
Thanks and good luck for you too. I am not a rich person, so I live modest at the moment. It will sounds funny but as a manager of foreign economic activity knowing a few languages and having MA diploma with honour, I earn around 250usd per month. And I do not pay for cable, comics and so on. I trade forex to become independent. Am I serious? Yes, I am. I probably has more defensive instincts then others, so I trade conservative way. Ichimoku forever is nice thread with lots of analyses, advises... your signal services is a continuation of all the...
no one of us is rich bro , and if i was rich for sure i'll not have the time to be here at least i'll be enjoyin my yacht in the middle of the ocean now with some pretty girls doin me some massage lloooll
i really wish al of us the best luck ever , and stress is smthin normal to feel everyday specially when working in the forex market , this is why when i feel that someone is accusing me althu am here to hep i feel so sad, cause i ve been here more than i stay with my family , so this place is like my home and more than a home for me, and i dun like see ppl are not happy in my home

good luck
  • #11,722
  • Mar 31, 2010 5:37am Mar 31, 2010 5:37am
soon CAD/JPY get to 92.000
what do you think??
It's worth buying??
I'm guessing the Japanese will not make it easy
  • #11,723
  • Mar 31, 2010 5:41am Mar 31, 2010 5:41am
Guys, as I play with my ichimoku system (now mainly M15 M30 and H1), I have some questions. I use ichimoku plus a Stochastic. Does anyone else use other indicators with ichimoku?

I ask this because often, I will see a Kumo breakout of PA T’s K’s and C’s but with a stochastic in overbought position. I find that if I wait for the stochs to drop back into oversold and begin movement upwards again, if this coincides with the ichi breakout it will usually be a more successfull trade.

I find price action definately follows the stochs and so I use this to try and time my entries, getting the timing, price to place the entry order is the challenge. At the moment all to often I place the entry order in the wrong place and then miss the move upwards. Do you think I may be over complicating things?

Unfortunately I cannot upload a screen shot at the moment, but this is occuring on the M15 of GBP USD right now. I have an entry order , Long, at 1.5115. (entry is just above the flat K)
  • #11,724
  • Mar 31, 2010 5:49am Mar 31, 2010 5:49am
Quoting Ichi Kid
Guys, as I play with my ichimoku system (now mainly M15 M30 and H1), I have some questions. I use ichimoku plus a Stochastic. Does anyone else use other indicators with ichimoku?

I ask this because often, I will see a Kumo breakout of PA T’s K’s and C’s but with a stochastic in overbought position. I find that if I wait for the stochs to drop back into oversold and begin movement upwards again, if this coincides with the ichi breakout it will usually be a more successfull trade....
IchiKid, what settings are you using for your stochastic indicator?
The things which hurt, instruct! - Benjamin Franklin
  • #11,725
  • Mar 31, 2010 5:51am Mar 31, 2010 5:51am
I don‘t care about fees for the turtle group, but I think, we need more criterias to select the candidates. They should show, that they are really interested in trading and focus to the choosen strategy, be absolutly convinced with Ichimoku, have time to learn. Commitment, discipline and cooperation is also important and the Turtle Group needs to find people with this profile. Seeing their efforts, it‘s a plus, if they show activity in forums, blogs, twitter or writing articles in their own blog.

It also could help to identify the best applicants, to discuss some charts with them. It's not important, how successful they are, but it might be interessting how they think about trading in general, how they analysed the market, why opened a certain trade, how they were feeling during the trade. Asking questions like: "Why do you want to be a successful trader?", "Why Ichimoku?", "What is more important for you: Making much money or trading with strong rules and clean techniques?".

Maybe it would make sense, to involve the whole Turtle Group by choosing the best candidates. It could be in this way: The founders of the Turtle Group have full 50% rights of veto, so they still have a strong voice (2 founders: 25% each person). All other members of the TG have also 50% all together and everyone would have the oppurtunity, to vote for new applicants. But if they do, they have to write some facts, why he/she votes for or agains him.

I studied Mediadesign and work as a Teamleader for Webdevelopment. So if the Turtle Group needs my help to design or in developing some cool Webapplications, I will help you.
  • #11,726
  • Mar 31, 2010 5:52am Mar 31, 2010 5:52am
Hi Ezmai...I have something called an Stochastics rope setup...
the settings are 6,3,3 7,3,3 through to 22,3,3.....

...I can explain reasons for what may same a mad setup for Stochs if you like... ; )

(I suddenly feel a little stupid)
  • #11,727
  • Mar 31, 2010 5:57am Mar 31, 2010 5:57am
Quoting Ichi Kid
Guys, as I play with my ichimoku system (now mainly M15 M30 and H1), I have some questions. I use ichimoku plus a Stochastic. Does anyone else use other indicators with ichimoku?

I ask this because often, I will see a Kumo breakout of PA T’s K’s and C’s but with a stochastic in overbought position. I find that if I wait for the stochs to drop back into oversold and begin movement upwards again, if this coincides with the ichi breakout it will usually be a more successfull trade....
Ichi Kid,

Everyone has their own tweak on trading any system (ichi included) often because they have arrived at ichi having traded other methods and have found indicators that they find useful previously.

In reality one of the most important fundamentals to a successful and long term trading career is consistency. If you find that your stochastic indi helps you enter better and therefore offers you better RR then continue to use it!!

It is when people jump from one thing to another always trying to find a new indi or method that will make them rich over night that the wheels begin to fall off.

I use a volume chart myself with my ichi trading as I have used it for a long time and it helps me to notice when bigger orders are buying into or selling into the market. It may or may not be a good combination with ichi according to the japanese guys who created ichi, however I find that if I use it all the time in the same way, I get replicable results which is the key.

Even if you always lose then at least you can narrow down the different things you are doing until you find the problem. It is the same if you are trading well, you can always review and try to make small adjustments to make it even better!! The key is giving it time to herald results and doing it in a demo account until you're confident.

Everyone trades at different times in the market and for different reasons and therefore their results will always differ slightly. It's not a problem, it's natural in a dynamic system like the market

Cheers.
  • #11,728
  • Mar 31, 2010 6:08am Mar 31, 2010 6:08am
Hi 4Xaddict,

Thanks for the response. My biggest area I need to work on at the moment is “Information Overload”. I would look at the M15 and M30 to decide on a breakout trade, then look to see if H1 offers any approaching support or resistance, likewise the H4 and then see if “Trend is your Friend” applies to the trade I am looking at going into.....I usually end up with a headache if there is conflicting info.....I will then step aside....and often then find the trade would have worked out for some nice profit but I never went in becuase all the info overwhelmed my thought process.

I am trying to prevent the information overload. So apart from a look at the D1 at the beggining of the week, on a daily basis I now concentrate only on the H1, M30 and M15 to do my Kumo breakout trades.

As you can probably see, looks like I placed my Buy entry order too low on the GBP USD trade, If I had instead placed on the (M15) Tenkan line I would have got into the trade....


Any help/comments most welcome....
  • #11,729
  • Mar 31, 2010 6:09am Mar 31, 2010 6:09am
Quoting 4xAddict
Ichi Kid,

Everyone has their own tweak on trading any system (ichi included) often because they have arrived at ichi having traded other methods and have found indicators that they find useful previously.

In reality one of the most important fundamentals to a successful and long term trading career is consistency. If you find that your stochastic indi helps you enter better and therefore offers you better RR then continue to use it!!

It is when people jump from one thing to another always trying to find a new indi or method that will make them...
What a brilliant answer! I completely agree and hope that you Ichikid find this useful. I myself have come from a world of different trading systems. I only recently discovered Ichimoku and whilst I understand that it is indeed a complete trading system with 5 Signals, I often feel compelled to add the MACD or Stoch. In asking myself why? - I have concluded that it is a comfort thing. Learn to trust your trading plan. Hope this makes sense.

Ezmai
The things which hurt, instruct! - Benjamin Franklin
  • #11,730
  • Mar 31, 2010 6:10am Mar 31, 2010 6:10am
I would appreciate constructive criticism on the following concept, from any/everyone AFTER actually looking into it and consideration.

I think something like this (http://zulutrade.com) may suit this group and draw future followers.

1. It allows someone to take the lead and put the formula into action (signal provider).
2. It allows anyone to sign up and have the signals traded on their account (signal subscriber).
3. It allows the subscriber to scale how involved (# of lots, max lots) their account will trade, relative to the signals.
4. It shows whether the provider is trading the signals with their own money.
5. It tracks every bit of performance (trades, volume, drawdown,...)
6. It allows the provider to make pips (fraction pip from spread I think) based on the number of (subscribers).
7. Costs neither side to sign up.
Subscriber: (http://zulutrade.com/SignUp_Intermediate.aspx)
Provider: (http://zulutrade.com/SignUp_SignalProvider.aspx)

This may not resolve all points of having such a coalition. But, these are just a few points I found interesting and are my interpretation. I would like to know what others think. (Especially you who wishes to remain unnamed )

Check it out. I personally would love to see a listing for IchiTurtles on there.

PLEASE, SERIOUS COMMENTS ONLY.

*I'm in no way affiliated. This recent "discussion" just inspired me to research and add my two pips. For what it's worth.
  • #11,731
  • Mar 31, 2010 6:11am Mar 31, 2010 6:11am
Quoting Ichi Kid
Hi Ezmai...I have something called an Stochastics rope setup...
the settings are 6,3,3 7,3,3 through to 22,3,3.....

...I can explain reasons for what may same a mad setup for Stochs if you like... ; )

(I suddenly feel a little stupid)
Sorry, I have never heard of it and please do not feel stupid.
The things which hurt, instruct! - Benjamin Franklin
  • #11,732
  • Mar 31, 2010 6:15am Mar 31, 2010 6:15am
Long cable, 4H TF.

My feeling is that I am a little late to the party, and I suspect that PA might even come back down to the 5089 level (in which case I will be looking to reenter). Chikou currently battling through the kumo, but kumo has started to twist bullish.

If the 1 day TF sheds any clues it is that a potential TK crossover may be on the cards.

Aiming to hold this one over the next 3 to 7 trading days unless stopped out beforehand.

Chngster
Attached Image (click to enlarge)
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Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #11,733
  • Mar 31, 2010 6:17am Mar 31, 2010 6:17am
Although not an Ichimoku chart but I thought few might be interested to see a long term picture for USDJPY.

Cheers.
Attached Image (click to enlarge)
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  • #11,734
  • Mar 31, 2010 6:19am Mar 31, 2010 6:19am
Quoting vic_elc
guys if u went long with the confirmation on the 1hr i believe that now we are fighting the 1st R level if Cs managed to break the Ks the next level will be the Kumo itself
I got in on the next solid candle after the kumo break and feel the next resistance will be in the mid-late 126's obviously once we're past the psychologically important round number 10 pips away.

4x.
  • #11,735
  • Mar 31, 2010 6:26am Mar 31, 2010 6:26am
Hi all,

Not sure if anyone is following gold however, it looks to be heading into a break scenario.

Granted the kumos on the longer TFs are historically quite thin however it may be a good time to jump on board if we get a solid clearance on the 1hr.

4x.
  • #11,736
  • Mar 31, 2010 6:29am Mar 31, 2010 6:29am
Quoting 4xAddict
Hi all,

Not sure if anyone is following gold however, it looks to be heading into a break scenario.

Granted the kumos on the longer TFs are historically quite thin however it may be a good time to jump on board if we get a solid clearance on the 1hr.

4x.
Yes I am already in, at the 4H kumo flatline. SL about 80 pips below. Good luck to us all. Righto, off to bed. Catch yall later.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #11,737
  • Mar 31, 2010 6:31am Mar 31, 2010 6:31am
Quoting ichi360
Although not an Ichimoku chart but I thought few might be interested to see a long term picture for USDJPY.

Cheers.
Good point that you are making here!

End of Japanese financial year will likely see strong flows domestically in Japan out of the local currency and into USD if yield differentials remain the same.

Several prominent macro investors expect to see 98.00 some time this year and I am inclined to agree with them.

Personally I think U/J is a value play under 92.00 and will be buying in small parcels on any dips below there.

I will then be incrementally increasing my position size slowly until the kumo is cleared as you alluded to previously and will then jump in with the balance of the full 2% of equity trade.

I like your style of analysis mate, congrats on your work here!
  • #11,738
  • Mar 31, 2010 6:32am Mar 31, 2010 6:32am
Quoting chngster
Yes I am already in, at the 4H kumo flatline. SL about 80 pips below. Good luck to us all. Righto, off to bed. Catch yall later.

Chngster
Nice one Chngster, green pips to you!
  • #11,739
  • Mar 31, 2010 6:41am Mar 31, 2010 6:41am
When following any certain Ichimoku method (breakout, cross,...), when do you consider that you've "missed" a signal?

You pull up your chart and see a clear, confirmed signal.

BUT, it happened X minutes / X hours / X days / (X % of timeframe) ago or X pips ago or some other indicator or until the signal is reversed!

Please, enlighten me how close (by whatever measure for whichever method) must you be, after a signal, to still take the trade.

Thanks.
  • #11,740
  • Mar 31, 2010 6:45am Mar 31, 2010 6:45am
There you go again.....Never let people's negativity affect your positive intentions.
Quoting ichi360
Enough from my side. Apologies for bringing something positive to the room. I'm out of this idea.

Good luck.
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