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Ichimoku forever

  • #11,801
  • Mar 31, 2010 11:14pm Mar 31, 2010 11:14pm
No you're not missing anything. I agree with you, it shouldnt be there for no good reason.

I will look into this and will let you know my thoughts.

Cheers.

Quoting gkdoda
Thanks for your answer Asher. On small timeframes, I agree that future kumo might re-paints frequently. But on higher timeframes, starting from H1, these can provide us vision of future.

I've noticed that on H1 chart, if

TS > KS AND
CS is bullish AND
Future Kumo is ALSO bullish

the signal is very solid for buy and free of volatality as compared to just TS crossover and bullish CS. We might miss some pips sometimes, but still, better.

And also, the original creator of Ichimoku, must have something in mind before creating them. Am i missing...
  • #11,802
  • Apr 1, 2010 12:42am Apr 1, 2010 12:42am
waiting for eurgbp to break the daily kumo at 8872..hope it does i am short
  • #11,803
  • Apr 1, 2010 1:05am Apr 1, 2010 1:05am
Hi Ichi,

I've been following this thread and I must say that I like what I see.

I tried to read the whole thing from the start but got overwhelmed. I hope you won't mind me dropping by and asking you a few questions from time to time. I have been experimenting with ichimoku and it seems like a winner.

Thank you so much!

Jay
Not all sins are created equal
  • #11,804
  • Apr 1, 2010 1:25am Apr 1, 2010 1:25am
Good morning everyone

I wish us a good trading day
  • #11,805
  • Apr 1, 2010 2:20am Apr 1, 2010 2:20am
Hello,

CADCHF on H1 chart is setting stage for Buy.
Look at flat kumo and oval downside. It will zoom on upside if it crosses kumo. Inside kumo, it will be range-bound.

Good Luck!
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  • #11,806
  • Apr 1, 2010 2:24am Apr 1, 2010 2:24am
Good morning and wish you all 1000 pips
Do what you want, but do it in love
  • #11,807
  • Apr 1, 2010 2:25am Apr 1, 2010 2:25am
Quote
As this takes a lot of time, the simplest way to deal with impending...

What's your opinion of whether the price already reflects the news reports? ie people know the report is likely to be good/bad before it comes out?
I'm not saying it doesn't affect the volatility at the time
  • #11,808
  • Apr 1, 2010 2:29am Apr 1, 2010 2:29am
Please be careful and make sure you gont give back the pips you earned earlier. Market may become extremely volatile and then quite in preparation for the Easter holidays.

Its not necessary to trade at all times ...
  • #11,809
  • Apr 1, 2010 2:57am Apr 1, 2010 2:57am
shall we jump in head first or wait for a retracement ?
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  • #11,810
  • Apr 1, 2010 2:59am Apr 1, 2010 2:59am
Quoting Jay Walker
Hi Ichi,

I've been following this thread and I must say that I like what I see.

I tried to read the whole thing from the start but got overwhelmed. I hope you won't mind me dropping by and asking you a few questions from time to time. I have been experimenting with ichimoku and it seems like a winner.

Thank you so much!

Jay
Watch out guys, we have royalty in our midst. Welcome onboard Flight #H1/H4 to destination Ooooh GREEN WORLD. Our aircraft today is under the command of Captain Ichi, and he has confirmed we have cleared kumo turbulence on most of the majors on Wednesday. Please ensure that the chikou span has cleared the kumo and that your seat belts are securely fastened.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #11,811
  • Apr 1, 2010 3:05am Apr 1, 2010 3:05am
Quoting redbeben
shall we jump in head first or wait for a retracement ?
Just wait for Future kumo turned to bullish to be on safer side. Otherwise, all signals are bullish on H1 chart of AUDUSD.

Good Luck!
  • #11,812
  • Apr 1, 2010 3:13am Apr 1, 2010 3:13am
Quoting chngster
Watch out guys, we have royalty in our midst. Welcome onboard Flight #H1/H4 to destination Ooooh GREEN WORLD. Our aircraft today is under the command of Captain Ichi, and he has confirmed we have cleared kumo turbulence on most of the majors on Wednesday. Please ensure that the chikou span has cleared the kumo and that your seat belts are securely fastened.

Chngster
Morning Chngster. Excellent!
The things which hurt, instruct! - Benjamin Franklin
  • #11,813
  • Apr 1, 2010 3:19am Apr 1, 2010 3:19am
Quoting gkdoda
Just wait for Future kumo turned to bullish to be on safer side. Otherwise, all signals are bullish on H1 chart of AUDUSD.

Good Luck!
good point but it is already on H4 .
I think we will stay here for a while as the KS is still flat but I presume it will touch the sky later today ....or at least I hope so
  • #11,814
  • Apr 1, 2010 3:28am Apr 1, 2010 3:28am
Quoting Ezmai
Morning Chngster. Excellent!


Cable traders note ForexLive comments:

Quote
What European Governments have done is not effective in fixing Greek problems

 

  1. Credit rating downgrade for UK could be “within a year”, the U.S. would have more time
  2. Underweighting UK, US and pan-European 10 year sovereign bonds

Not sure if any of this is anything new. Pretty sure it isn’t.

and

Quote
Cable at 1.5218, very marginally firmer on the day, but so far struggling to take out sell orders up at 1.5240/50.
Goes against my long but the threat is not imminent yet.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #11,815
  • Apr 1, 2010 3:46am Apr 1, 2010 3:46am
Quoting gkdoda
Thanks for your answer Asher. On small timeframes, I agree that future kumo might re-paints frequently. But on higher timeframes, starting from H1, these can provide us vision of future.

I've noticed that on H1 chart, if

TS > KS AND
CS is bullish AND
Future Kumo is ALSO bullish

the signal is very solid for buy and free of volatality as compared to just TS crossover and bullish CS. We might miss some pips sometimes, but still, better.

And also, the original creator of Ichimoku, must have something in mind before creating them....
Hi Gkdoda,

The projected Kumo is not traditionally a solid trade signal on its own but is often used quite effectively on longer TFs by traders in support of their planned trade entries.

It is not as strong as at TS/Ks cross or CS cross of the price action for example. Also as you know when the kumo is thin it implies that there is less strength to the current move so when the kumo projection crosses in either direction it's supporting strength is also relative to how sharp an angle it has crossed at. i.e a long flat kumo projection with a flat cross angle is a weaker signal than a thick kumo projection with a large cross angle.

When trading daily or weekly TFs, the kumo projection crossing in a direction that supports a planned trade can provide further confirmation that the trade is a good one.

Being a longer TF specific support signal however, it is often best used in conjunction with entry signals on the lower TFs 30min/1hr to allow tighter stops at entry leading to better money management/RR.

As Ichi360 has pointed out though, the lower TFs the smaller the importance of this supporting signal.

This has been my experience and I would generally not consider this unless trading 4hr or above. Vic or Ichi360 may have used this on the 1hr but I have not due to repainting as previously discussed.

4x.
  • #11,816
  • Apr 1, 2010 3:54am Apr 1, 2010 3:54am
Quoting redbeben
shall we jump in head first or wait for a retracement ?
Looks to have room at least up to 92.16-92.50 area as the recent highs.

With 1hr kumo base 30 pips below PA and targets at approx 46 and 80 pips respectively, R:R ratio is good.

My only concern lies with the 1hr kumo thickness however if this hour's candle holds above I will likely enter.
  • #11,817
  • Apr 1, 2010 4:03am Apr 1, 2010 4:03am
Quoting 4xAddict
...but I have not due to repainting as previously discussed.
Why do you consider the future kumo as repainting? IMHO future kumo is build by two moving averages which are plotted ahead the price... and I think, MA are not repainting...?
  • #11,818
  • Apr 1, 2010 4:03am Apr 1, 2010 4:03am
Quoting SanMiguel
What's your opinion of whether the price already reflects the news reports? ie people know the report is likely to be good/bad before it comes out?
I'm not saying it doesn't affect the volatility at the time
SM,

Valid point and I think given the nature of the market there is always going to be some level of insider money pre-empting a news release however there is more incentive for them to get in a decent time prior to the announcement to avoid suspicion I would have thought.

The analysts consensus which is shown on all good forex new calendars is a pretty fair assessment of the general market's expectations. This is evident given the price reacts in a knee jerk manner to news printing either better or worse than consensus. My opinion is that given all major news channels institutional and public cover these releases with great anticipation implies that they are the best indication of where most of the money in the market thinks things will be.

I have found getting out before a news release and then looking at getting back in 30-60mins afterwards generally shows a clearer view of the market's real opinion of the news as it has time to digest the information and to make realistic assessments on the true impact of the news and prices in a lot less panic than is priced into the market immediately prior and post news release.

Cheers.
  • #11,819
  • Apr 1, 2010 4:10am Apr 1, 2010 4:10am
Quoting 4xAddict
Looks to have room at least up to 92.16-92.50 area as the recent highs.

With 1hr kumo base 30 pips below PA and targets at approx 46 and 80 pips respectively, R:R ratio is good.

My only concern lies with the 1hr kumo thickness however if this hour's candle holds above I will likely enter.
I was thinking of a TP at 0.9228 as I want it a short trade.otherwhise,it should go to 0.9300 aprox

hmmm..decisions decisions....

my biggest concern now is that the market is vvvvvveeeeryyyy slow due to the holidays and after the holidays there will be a boom for sure ..I just don't know which side )

I mean ichi tells us one thing but too much food and drinks might affect ppl judgement
  • #11,820
  • Apr 1, 2010 4:22am Apr 1, 2010 4:22am
Hi guys,

I made a kumo breakout indicator. It simply checks when price breaks kumo and closes above or below it, and then displays the signal, plus it can generate an alert.
By default it works with Heiken Ashi candles instead of normal ones.

It is my first Ichimoku indicator, so I appreciate any feedback :-)

mark
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