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Ichimoku forever

  • #12,481
  • Apr 11, 2010 3:11am Apr 11, 2010 3:11am
Quoting tindog
Thank you FXRipper is a good indicator. Input field very impressive as able to change a lot of parameters.
thnks to the creator of the indi. hihi
  • #12,482
  • Edited 4:06am Apr 11, 2010 3:45am | Edited 4:06am
Increasing the volume after you loosed a trade to recover back from the one you lost is martingale. And it is so whatever the method you use to enter in the market.

And believing or not believing the martingale concept have nothing to do with Ichimoku

As I don't think the Ichimoku method say something about having more chances to have a true kumo breakout after a false one...
There is no reason to believe so and so there is no reason to increase the volume when it happens
And you can't say there is one unless you have done, for exemple, some exhaustive stats about it...
  • #12,483
  • Edited 5:10am Apr 11, 2010 4:27am | Edited 5:10am
Quoting DhaoS
Increasing the volume after you loosed a trade to recover back from the one you lost is martingale. And it is so whatever the method you use to enter in the market.

And believing or not believing the martingale concept have nothing to do with Ichimoku

As I don't think the Ichimoku method say something about having more chances to have a true kumo breakout after a false one...
There is no reason to believe so and so there is no reason to increase the volume when it happens
And you can't say there is one unless you have done, for exemple, some...
Most of the major breakouts are preceded by a false breakout (No I do not have stats on that but have spend way more than 5000 hours in front of an Ichimoku chart) - Breakout defined as price and chikou free from cloud while tenkan and kijun move in the same direction away from cloud.
And the concept works for me. Only want to share. You do not have to trade this way. And please note that I am scalping on the 5M and 15M and sometimes do entries on the 1M.

Edit: I always look at the higher time frames to see where price may be heading.
  • #12,484
  • Apr 11, 2010 5:56am Apr 11, 2010 5:56am
Quoting Kinko
Most of the major breakouts are preceded by a false breakout (No I do not have stats on that but have spend way more than 5000 hours in front of an Ichimoku chart) - Breakout defined as price and chikou free from cloud while tenkan and kijun move in the same direction away from cloud.
And the concept works for me. Only want to share. You do not have to trade this way. And please note that I am scalping on the 5M and 15M and sometimes do entries on the 1M.

Edit: I always look at the higher time frames to see where price may be heading.
More than 5000 hours is indeed a lot...
It's good if it works for you and as you say if you share something (and it's a kind initiative), it's only for people willing to follow the advises

I just wanted to insist about the martingale thing as there are lot of people in the past that claimed "this martingale is different from others" and it was like all others in the end

Though it could be interesting to do some stats about kumos breakouts to see if there is really, quite often, a false breakout before a major one. And so whatever you intend to increase volume in case of false breakout or not
Maybe if i have some courage and time, i'll try to do stats about it
Could be interesting too, to know if others Ichimoku traders feel the same than you
  • #12,485
  • Edited 6:46am Apr 11, 2010 6:12am | Edited 6:46am
Quoting DhaoS
More than 5000 hours is indeed a lot...
It's good if it works for you and as you say if you share something (and it's a kind initiative), it's only for people willing to follow the advises

I just wanted to insist about the martingale thing as there are lot of people in the past that claimed "this martingale is different from others" and it was like all others in the end

Though it could be interesting to do some stats about kumos breakouts to see if there is really, quite often, a false breakout before a major one. And so whatever you intend...
I am really useless with stats - cannot help there.
Please note that this is NOT the holy grail. There certainly are failed trades.
And like I said before I will only go as far as 3X.(when 1X <2%)

Edit: I doubt there will be many followers as most members of the forum are in it for long term trades. Only a few scalpters trading the 5M.
  • #12,486
  • Apr 11, 2010 7:43am Apr 11, 2010 7:43am
Quoting Kinko
Breakout defined as price and chikou free from cloud while tenkan and kijun move in the same direction away from cloud.
Could you go in detail, how to interpret that?
  • #12,487
  • Apr 11, 2010 7:55am Apr 11, 2010 7:55am
Hi,

Hope we have so many green pips in this week ...
8 hours to Asia open time. NZD-USD kumo breakout @ 1D . At 4H TF, it's strong bullish, but Ts/Ks cross below the cloud. Can we say that it's a good signal Vic?

Thanks.
- pedma -
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZD-USD-1D-Breakout.jpg Size: 55 KB
Click to Enlarge Name: NZD-USD-4H-strong-bullish.jpg Size: 56 KB
Good friends are more valuable than gold ...
  • #12,488
  • Apr 11, 2010 8:07am Apr 11, 2010 8:07am
Hi,

I think NZD/JPY will continue its strong way ... 1D TF confirm this signal.

Thanks.
- pedma -
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-10-NZDJPY-4H.jpg Size: 50 KB
Good friends are more valuable than gold ...
  • #12,489
  • Apr 11, 2010 8:16am Apr 11, 2010 8:16am
Hi,

NZD-CAD has Kumo breakout @ 4H TF. But .... @ 1D TF, it's still Bearish ...
@ !H TF, it's bullish. So I think, it's time to put a LONG trade ... but don't forget StopLost ...

Thanks.
- pedma -
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-10-NZDCAD-4H.jpg Size: 49 KB
Good friends are more valuable than gold ...
  • #12,490
  • Apr 11, 2010 8:18am Apr 11, 2010 8:18am
Quoting pedma
Hi,

I think NZD/JPY will continue its strong way ... 1D TF confirm this signal.

Thanks.
- pedma -
I would love to see kiwi continue upward, but I'll wait until they break the resistence they are at right now. Many usd pairs are sitting at resistance, has me cautious...
  • #12,491
  • Apr 11, 2010 8:19am Apr 11, 2010 8:19am
Quoting nightyhawk
Could you go in detail, how to interpret that?
See the image below.
Before entry - are you willing to risk the amount of pips between the initial stoploss and the entry point?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5m3.gif Size: 32 KB
  • #12,492
  • Apr 11, 2010 8:20am Apr 11, 2010 8:20am
Hi,

NZD - CHF, strong bullish confirm at 1D, 4H, 1H TF. Below is the image of 1D TF.

Thanks.
- pedma -
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-10-NZDCHF-1D.jpg Size: 53 KB
Good friends are more valuable than gold ...
  • #12,493
  • Apr 11, 2010 8:30am Apr 11, 2010 8:30am
Quoting Kinko
See the image below.
Before entry - are you willing to risk the amount of pips between the initial stoploss and the entry point?
Hi Kinko,

How about if we put the SL at the SpanA (below line of the red kumo cloud). It's about 20 pips (1,3417 - 1,3398). Is it too small for 5M TF ? For a big green candle, I think it's enough .... what do you think ?

Thanks.
- pedma -
Good friends are more valuable than gold ...
  • #12,494
  • Apr 11, 2010 8:37am Apr 11, 2010 8:37am
Hi,

Some one (she has invested in Forex for more than 5 years), told me that on Mondays, the price will (almost) always go to the opposite way, especially at the market open time. Is that true ?

Thanks.
- pedma -
Good friends are more valuable than gold ...
  • #12,495
  • Apr 11, 2010 8:51am Apr 11, 2010 8:51am
Quoting pedma
Hi Kinko,

How about if we put the SL at the SpanA (below line of the red kumo cloud). It's about 20 pips (1,3417 - 1,3398). Is it too small for 5M TF ? For a big green candle, I think it's enough .... what do you think ?

Thanks.
- pedma -
Yes I will do that but someone else may decide the risk is to high and not take the trade at all. It also depends on what is going on in the higher timeframe.(I have not looked at it - only selected a good example) A personal decision I presume.
  • #12,496
  • Apr 11, 2010 8:54am Apr 11, 2010 8:54am
Quoting pedma
Hi,

Some one (she has invested in Forex for more than 5 years), told me that on Mondays, the price will (almost) always go to the opposite way, especially at the market open time. Is that true ?

Thanks.
- pedma -
I recall brother vic once saying Mondays are bad trading days for him. Maybe there is something to it?
  • #12,497
  • Apr 11, 2010 9:09am Apr 11, 2010 9:09am
Quoting Kinko
See the image below.
Before entry - are you willing to risk the amount of pips between the initial stoploss and the entry point?
I expected a post like that... thank you very much!!!
  • #12,498
  • Apr 11, 2010 9:31am Apr 11, 2010 9:31am
Quoting Kinko
Yes I will do that but someone else may decide the risk is to high and not take the trade at all. It also depends on what is going on in the higher timeframe.(I have not looked at it - only selected a good example) A personal decision I presume.
I see. Thanks for your lesson kinko

- pedma -
Good friends are more valuable than gold ...
  • #12,499
  • Apr 11, 2010 9:35am Apr 11, 2010 9:35am
Quoting denial727
I would love to see kiwi continue upward, but I'll wait until they break the resistence they are at right now. Many usd pairs are sitting at resistance, has me cautious...
Hi Denial727,

Thanks, we are on the same boat . Btw, where can I get the MT4 indicator of Pivot, Resistance & support ? Is it daily basis, or also for other TF ?

Thanks.
- pedma -
Good friends are more valuable than gold ...
  • #12,500
  • Apr 11, 2010 10:21am Apr 11, 2010 10:21am
Quoting ichi360
Someone has asked me for info on How to become a Forex Broker and provide good quality services ... does anyone know any links / info on whats the process like or how much expenses etc ?
Hey Asher,

Dukascopy in Switzerland have a white label service to provide the background infrastructure for companies wanting to become brokers I believe.

Not sure what the costs are for this service, you can rad about it on their website. It would appear from the nature of the market that advertising is probably going to be the main and very significant outgoing.

4x.
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