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Ichimoku forever

  • #12,081
  • Apr 5, 2010 9:20am Apr 5, 2010 9:20am
Quoting ichi360
Here is the new version of Ichimoku Monitor for you, this is v4 and there a couple of additions:

 

  1. C/K: Chikou-Span against the Kijun-Sen
  2. C/C: Chikou-Span against the Kumo Cloud

You will also find a new property in the Properties box which will show / hide the Legends for this Indicator.
Good luck and Trade Smart.

I wonder if we just leave the path of "Keep it ssimple"... I was quite overwhelmed looking at v2 and now we have a lot of information at v4... how do people handle that stuff?
  • #12,082
  • Edited 9:45am Apr 5, 2010 9:24am | Edited 9:45am
Quoting nightyhawk
I wonder if we just leave the path of "Keep it ssimple"... I was quite overwhelmed looking at v2 and now we have a lot of information at v4... how do people handle that stuff?
Most blue = long ; most red = short

Should be a joke
Do what you want, but do it in love
  • #12,083
  • Apr 5, 2010 9:35am Apr 5, 2010 9:35am
on the ichi360V6 trading system indicator Is the %bearish and %bullish any different ? When it says 20% bearish does that mean the same as 80% bullish or is there a difference? I really like this indicator and want to fully understand it. Thanks
  • #12,084
  • Apr 5, 2010 9:39am Apr 5, 2010 9:39am
Quoting oli
Most blue = long ; most red = short
Not that easy... cause some arrows might have different ratings... e.g. I would rate "BLUE PA" much higher than "BLUE C/K"
  • #12,085
  • Apr 5, 2010 9:41am Apr 5, 2010 9:41am
Quoting nightyhawk
I wonder if we just leave the path of "Keep it ssimple"... I was quite overwhelmed looking at v2 and now we have a lot of information at v4... how do people handle that stuff?
I don't think it's too much as most of the "experts" here where already looking at these things
And it tooks me a few hours to learn it all from the wiki, i do mistakes but i understood it

Btw seems like the EURUSD Bullish move have been stopped by the daily pivot, good thing for my demo account (lol yea i'm a noob trader), i would have cut the loose if not...
Are the Ichimoku traders on this topic still using good old pivot points?
  • #12,086
  • Edited 10:27am Apr 5, 2010 9:46am | Edited 10:27am
Confused as to why the C/K in the 15M is red, the 30M is blue and 1H is red when the CS is above the KS in all these timeframes on GBPUSD?
  • #12,087
  • Apr 5, 2010 9:58am Apr 5, 2010 9:58am
Quoting Itchy4Pips
on the ichi360V6 trading system indicator Is the %bearish and %bullish any different ? When it says 20% bearish does that mean the same as 80% bullish or is there a difference? I really like this indicator and want to fully understand it. Thanks
As I remember the schema from asher he divides the scenarios in bullish & bearish according to the position of the price versus the cloud...

So 20% bearish means, price is still below the kumo but almost all other factors are pointing to bullish...

Neverthelessm 20% bear does NOT means 80% bull because for a bullish outlook price has to travel through the cloud...
  • #12,088
  • Apr 5, 2010 10:10am Apr 5, 2010 10:10am
I am following the 5 min chart for Eur US, could not post it here but I believe there is an opportunity to short and a drop to around 3400 which is a larger 61.8 Fib.

Comments?
  • #12,089
  • Apr 5, 2010 10:14am Apr 5, 2010 10:14am
Quoting ichi360
I hope you wouldnt get me wrong but I'm really trying to understand why are you guys trading today ? Trading with NFP release is like pure gambling and not trading, we're no big sharks who get the proper environment and news breaks in their trading room ... all we can do is to analyse a trend on chart and then make some money from it.

Dont take me wrong, I'm just trying to learn if there is something I'm missing or if its a good idea to trade on days like this when its a Good Friday, thin volume, highly volatile and NFP release ... do we really...
  • #12,090
  • Apr 5, 2010 10:27am Apr 5, 2010 10:27am
Quoting gkdoda
I also refered same post. Perhaps I use some different words.
I don't agree with first point. Waiting for CS to clear kumo might be delay decision. But I agree on second point if we enter at the STARTING of kumo turning bearish / bullish.
I am confused by the focus on the CS crossing the kumo? Is it not the CS crossing (above or below) the price action that provides us with the supporting signal?
  • #12,091
  • Apr 5, 2010 10:44am Apr 5, 2010 10:44am
Quoting nightyhawk
As I remember the schema from asher he divides the scenarios in bullish & bearish according to the position of the price versus the cloud...

So 20% bearish means, price is still below the kumo but almost all other factors are pointing to bullish...

Neverthelessm 20% bear does NOT means 80% bull because for a bullish outlook price has to travel through the cloud...
Thanks Nightyhawk that does make sense . If I understand then, It is an indication of how good the signal is once taken and say you are working on a bearish signal and it hits 0% bearish which I have seen. If it turns to 10% bullish then chances are a weak bullish alert will be produced.
  • #12,092
  • Apr 5, 2010 10:56am Apr 5, 2010 10:56am
Quoting 4xAddict
I am confused by the focus on the CS crossing the kumo? Is it not the CS crossing (above or below) the price action that provides us with the supporting signal?
Its to my understanding , a Full signal requires CS to be above Kumo and above PA.

Unless I'm missing something? Maybe someone else can shed some light on this?
  • #12,093
  • Apr 5, 2010 11:00am Apr 5, 2010 11:00am
Quoting almo
Its to my understanding , a Full signal requires CS to be above Kumo and above PA.

Unless I'm missing something? Maybe someone else can shed some light on this?
What I read from Ichiwiki is that when Cs is above the PA its already a strong signal(of course with other ichimoku analysis as well).

Waiting for a Cs to cross above Kumo can sacrifice quite a number of pips in the beginning.

Correct me if im wrong.
  • #12,094
  • Apr 5, 2010 11:02am Apr 5, 2010 11:02am
Quoting munchu87
What I read from Ichiwiki is that when Cs is above the PA its already a strong signal(of course with other ichimoku analysis as well).

Waiting for a Cs to cross above Kumo can sacrifice quite a number of pips in the beginning.

Correct me if im wrong.
  • #12,095
  • Apr 5, 2010 11:03am Apr 5, 2010 11:03am
Quoting munchu87
What I read from Ichiwiki is that when Cs is above the PA its already a strong signal(of course with other ichimoku analysis as well).

Waiting for a Cs to cross above Kumo can sacrifice quite a number of pips in the beginning.

Correct me if im wrong.
You are right... in detail, start with a less position and when CS clears the kumo just add to your position as the kumo is some kind of resistance not only for priceaction but also for chikou, kijun and tenkan!
  • #12,096
  • Apr 5, 2010 11:11am Apr 5, 2010 11:11am
BTW, I'm not sure if I've read any reference to the strategy of waiting for CS to cross the Kumo Cloud anywhere in the books / documentation ...

Does anyone ever came accross of such thing ?



Quoting 4xAddict
I am confused by the focus on the CS crossing the kumo? Is it not the CS crossing (above or below) the price action that provides us with the supporting signal?
  • #12,097
  • Apr 5, 2010 11:13am Apr 5, 2010 11:13am
Quoting legalindo
EUR/USD - 1H - Short @ 1.3465
Close: - 49 pips

I forgot Kumo 4H.
  • #12,098
  • Apr 5, 2010 11:14am Apr 5, 2010 11:14am
Quoting ichi360
BTW, I'm not sure if I've read any reference to the strategy of waiting for CS to cross the Kumo Cloud anywhere in the books / documentation ...

Does anyone ever came accross of such thing ?
The only thing I remember about this is when cs crosses price, not per se the kumo. I may be wrong but....

Chris Capre doesn't even use cs on his charts. jfyi
  • #12,099
  • Apr 5, 2010 11:14am Apr 5, 2010 11:14am
Quoting almo
What criteria did you use to make this trade?

I have to ask, as all I see is the 1H making the break, but your chart also shows that its within the Kumo of the 4H ?

I was under the impression that any trade taken , should be in the direction of the next larger charts trend ? Or am I missing something?
You are rigth, I forgot Kumo 4H.
  • #12,100
  • Apr 5, 2010 11:18am Apr 5, 2010 11:18am
Quoting ichi360
Here is the new version of Ichimoku Monitor for you, this is v4 and there a couple of additions:
Thanks so very much for your tremendous monitor! I appreciate your fine work and the assistance you provide us with.

Ed
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