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Ichimoku forever

  • #12,441
  • Apr 9, 2010 4:40am Apr 9, 2010 4:40am
Hi Simon,

Of course this call had nothing to do with the Ichimoku itself its more to do with the EW concept .. the JPY Pairs are currently experiencing 3 wave upside move and if you notice on my chart 123.71 (it went down to 123.41) was the place for 61.8% fibo retracement.

Hence shorting it wasnt the falvour of the day but waiting for going Long was certainly worth doing

Let me know if you have any other question on chart itself ...



Quoting Mrsirismoon
Great call on that Asher.

Can you just explain the main reasons you thought that would go up when lots of others were in the bear tent. I just want to clarify the points on your chart.

Cheers
  • #12,442
  • Apr 9, 2010 5:57am Apr 9, 2010 5:57am
Quoting ichi360
Hi Simon,

Of course this call had nothing to do with the Ichimoku itself its more to do with the EW concept .. the JPY Pairs are currently experiencing 3 wave upside move and if you notice on my chart 123.71 (it went down to 123.41) was the place for 61.8% fibo retracement.

Hence shorting it wasnt the falvour of the day but waiting for going Long was certainly worth doing

Let me know if you have any other question on chart itself ...
Thanks Asher. I will put EW on my homework list. Have been meening to look at it.

Siris
  • #12,443
  • Apr 9, 2010 6:24am Apr 9, 2010 6:24am
hi guys. would like to ask for your opinion. would you go long as price has broken kumo on H1.
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  • #12,444
  • Apr 9, 2010 7:08am Apr 9, 2010 7:08am
Quoting fxripper
hi guys. would like to ask for your opinion. would you go long as price has broken kumo on H1.
Wait for:

1H: CS > kumo; TS and KS > kumo
4H: TK/KS crossover and CS > TS

Target: 94.70 (see Day)
  • #12,445
  • Apr 9, 2010 8:16am Apr 9, 2010 8:16am
Quoting fxripper
hi guys. would like to ask for your opinion. would you go long as price has broken kumo on H1.
Price still inside 4hr kumo, once it breaks it will be a good entry.
Trade Smart
  • #12,446
  • Apr 9, 2010 9:31am Apr 9, 2010 9:31am
Quoting legalindo
Wait for:

1H: CS > kumo; TS and KS > kumo
4H: TK/KS crossover and CS > TS

Target: 94.70 (see Day)
That was good advice as it has reentered the kumo and the 15 minute has broken through on the downside
  • #12,447
  • Apr 9, 2010 9:49am Apr 9, 2010 9:49am
hello there

I think I realised more things today in scalping matters.
if we can manage to stick to only one pair it would be great to observe it and not only this.

jut let me know what do you think about my point here.

you have a good signal.
you jump on that trade on a low TF like the 5 or 15 m

you open the stochs with ichi as well.you wait untill the stoch shows you the trend is dying and jump out and open a reverse trade as soon as you see the KS flat.
normally you will take half of the distance back.

If you still want to keep a long trade for example and you have a pull back you can hold that one and open a second one on short(if broker allows it ) with a TP in 10-20 pips or depending on the trade.I mean I know it is common sense that KS and flat kumos attract the price so why don't we take advantage on that?

did I make myself clear here ?
i mean just look on the EUR/USD M5 chart now and look at the 70 pips gained by the system already.just add the 20 more all the way to the top and it will make 90 of them on the long move.
but in the meanwhile in the middle of it there are another 50 pips on the pull back.you can easily scoop out some 20-30 of them.
I took 41 of them at 1.3425.

once you're pullback ends (the next candle)just resume the uptrend.

if we would open 3 trades instead of just one we would make double the amount

the same example

Long 1.3405-1.3465 -60 pips
short 1.3465-1.3425-40 pips
long again 1.3435 ...........the TP

already 100,120 pips depending on the last long move instead of 70 gained by system with the trade opened under kumo and CS under price


any ideas on how to refine this ? is it good ? is it bad?
  • #12,448
  • Apr 9, 2010 10:22am Apr 9, 2010 10:22am
Hi Osman,

I look at Weekly, Daily, 4H to make my decision on trend direction. I prefer to enter 5M-15M charts.

Quoting Osman
Excellent results, could you share timeframe you´re trading ?

Thx
  • #12,449
  • Apr 9, 2010 10:25am Apr 9, 2010 10:25am
Thanks Asher, I didn't know that. I did some research on that and I will take the action soon.

Quoting ichi360
Hey mate,

Just off the topic but some advise for you, please close your account with WSD as soon as tomorrow and get your money back from them before they tell you some nasty news ... I'm sure you're aware of their bank closure in Cook Island.

Search for some other broker.

Cheers,
Asher
  • #12,450
  • Apr 9, 2010 11:25am Apr 9, 2010 11:25am
Quoting redbeben
hello there

I think I realised more things today in scalping matters.
if we can manage to stick to only one pair it would be great to observe it and not only this.

jut let me know what do you think about my point here.

you have a good signal.
you jump on that trade on a low TF like the 5 or 15 m

you open the stochs with ichi as well.you wait untill the stoch shows you the trend is dying and jump out and open a reverse trade as soon as you see the KS flat.
normally you will take half of the distance back.

If you still want to keep a...
Very good idea

Here's what I think.
If you are in 5 M and a nice strong cloud break with a flat kumo next to it.
Go to the 1M and the moment you have a tenkan turnaround in the 1M you enter counter trend trade and then exit as close to the 5M kijun or as soon as you have a candle close on the other side of the tenkan in the 1M.

Edit:
Stoploss at the turn of the Tenkan
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  • #12,451
  • Apr 9, 2010 1:10pm Apr 9, 2010 1:10pm
hi again,

thanks for the info kinko.highly apreciated.

sorry to stress but shall we organize the turtles somehow?there are lots of brilliant traders here but I have the feeling that we are still missing some info as it is not centralised.let's build a group,let's put all the info toghether,let's print it out and pin it on our trading room walls and let's start doing it biiig.
there is so much info there that we don't know as an individual. some of us know fundies,some know technics and some just have a clear view or experience in diff TF's.

ideas?skype?messenger?email?private blogs?
  • #12,452
  • Apr 9, 2010 1:19pm Apr 9, 2010 1:19pm
Quoting redbeben
hi again,

thanks for the info kinko.highly apreciated.

sorry to stress but shall we organize the turtles somehow?there are lots of brilliant traders here but I have the feeling that we are still missing some info as it is not centralised.let's build a group,let's put all the info toghether,let's print it out and pin it on our trading room walls and let's start doing it biiig.
there is so much info there that we don't know as an individual. some of us know fundies,some know technics and some just have a clear view or experience in diff TF's....
skype
  • #12,453
  • Apr 9, 2010 1:20pm Apr 9, 2010 1:20pm
Quoting redbeben
hi again,

thanks for the info kinko.highly apreciated.

sorry to stress but shall we organize the turtles somehow?there are lots of brilliant traders here but I have the feeling that we are still missing some info as it is not centralised.let's build a group,let's put all the info toghether,let's print it out and pin it on our trading room walls and let's start doing it biiig.
there is so much info there that we don't know as an individual. some of us know fundies,some know technics and some just have a clear view or experience in diff...
skype.
  • #12,454
  • Apr 9, 2010 1:45pm Apr 9, 2010 1:45pm
well, i suggest that someone, just start the room already. on skype. name the room. publicize it here. let everyone in first. put it on a trial for a month. along the way, the moderator can prepare the rules. adter a month, kick those who arent active. then, who is left is the ichiturtles. why not?
  • #12,455
  • Apr 9, 2010 2:05pm Apr 9, 2010 2:05pm
Quoting redbeben
hi again,

thanks for the info kinko.highly apreciated.

sorry to stress but shall we organize the turtles somehow?there are lots of brilliant traders here but I have the feeling that we are still missing some info as it is not centralised.let's build a group,let's put all the info toghether,let's print it out and pin it on our trading room walls and let's start doing it biiig.
there is so much info there that we don't know as an individual. some of us know fundies,some know technics and some just have a clear view or experience in diff TF's....
Skype is OK, but Windows messenger seems so much better fun.

Still, I would rather all traders post their charts and ideas here for a bit of greater public good, just IMHO...
  • #12,456
  • Edited 2:17pm Apr 9, 2010 2:06pm | Edited 2:17pm
Quoting redbeben
hi again,

thanks for the info kinko.highly apreciated.

sorry to stress but shall we organize the turtles somehow?there are lots of brilliant traders here but I have the feeling that we are still missing some info as it is not centralised.let's build a group,let's put all the info toghether,let's print it out and pin it on our trading room walls and let's start doing it biiig.
there is so much info there that we don't know as an individual. some of us know fundies,some know technics and some just have a clear view or experience in diff TF's....
Skype:
Not all visitors are English and may not be able to communicate efficiently and one cannot go back to study the ideas and charts.

Twitter: Can have private accounts available for the turtles - available any time

Email: Good idea

Private blog or forum: - maybe the best one of them all in combination with private twitter.

Edit: Medium must be available across all timeframes -From Australia to Western USA
  • #12,457
  • Apr 9, 2010 3:22pm Apr 9, 2010 3:22pm
Fake breakouts

I find an effective way to deal with fake breakouts is to double the volume for the next trade in order to regain the amount lost in the first trade. In the first trade (A) the volume was 1X and when that trade failed the next trade(B) was 2X. Should that one also fail the next trade will be 3X. Once a trade is successful the next trade will again be 1X

Criteria for a trade: Chikou and price free from cloud and Tenkan and Kijun move in same direction at the same time.
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  • #12,458
  • Apr 9, 2010 3:23pm Apr 9, 2010 3:23pm
guys market is slowing down now, so lets partyyyyy

have a great weekend all and enjoy life

Inserted Video
  • #12,459
  • Apr 9, 2010 4:34pm Apr 9, 2010 4:34pm
Skype is the best option by distance, easy moderation, you can see all thats has been write since the beggining of the room. I am already in a group in skype and very very happy
Greetings, BeLikewater
  • #12,460
  • Apr 9, 2010 6:57pm Apr 9, 2010 6:57pm
Have a great weekend all.

Let's just focus on our next trade opportunities and not get caught up with trading groups.

This is a solid, happy and developing group in this thread. we've been at it for a long time now, let's keep it up.

Looking fwd to green pips next week!!

Cheers,

4x.
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