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Ichimoku forever

  • #12,541
  • Apr 12, 2010 10:29pm Apr 12, 2010 10:29pm
Quoting f451
Hi Legalindo

I was in that one too... seems a few of the 4H and 1H signals in the last few days have been poor trades...

question for you and everyone else
how do you filter your (valid) ichimoku signals? i.e. you have a valid kumo break, ts/ks cross, cs is supporting etc, what other considerations do you then have to confirm the trade?

Ichi360 has said he tends to use 1H and 4H timeframe confirmation

Do other people use other forms of confirmation? Support or resistance? Other indicators? Focusing on the candlesticks price action?...
First: I forgot the gap

Second: I forgot to wait a correction (TS/KS short ande TS/KS long again)
  • #12,542
  • Apr 12, 2010 10:43pm Apr 12, 2010 10:43pm
Quoting legalindo
First: I forgot the gap

Second: I forgot to wait a correction (TS/KS short ande TS/KS long again)
And:

THE FIVE LINES MUST MOVE AT SAME WAY !!!

Look USD/JPY - 1H - short @ 91.92
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  • #12,543
  • Apr 12, 2010 11:36pm Apr 12, 2010 11:36pm
Quoting 4xAddict
Nightyhawk,

In its simplest form, the purchased euros will remain in the SNB's foreign exchange reserves until such a time as they find the need to increase the value of the CHF which they can do by buying the CHF back with the EUR they have in their reserves. Or they can simply sell the eur back into the market and buy gold or some alternative to their own currency.



4x.

Very interesting. http://cdn.forexfactory.com/images/icons/icon14.gif
  • #12,544
  • Apr 12, 2010 11:52pm Apr 12, 2010 11:52pm
Bearish Kumo breakout on the 1h chart.

But i think it is better to wait for the cs confirmation and waiting for price to cross ks on the 4h tf
Attached Image(s) (click to enlarge)
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  • #12,545
  • Apr 13, 2010 12:01am Apr 13, 2010 12:01am
Quoting Twee
Hi Folks, sorry to bring some bad news here....
vic my bro...

i think you should modified the ICHIMOKU KINKO HYO GUIDELINES.pdf in the first post, or maybe you could make your own version ICHIMOKU GUIDELINES.pdf and and reposted in the first page of this thread to replace the previous guidelines.
i just don't want this thread removed from forex factory,
Helping Others bring u luck
  • #12,546
  • Apr 13, 2010 12:15am Apr 13, 2010 12:15am
Quoting legalindo
And:

THE FIVE LINES MUST MOVE AT SAME WAY !!!

Look USD/JPY - 1H - short @ 91.92
hi legalindo..

could you share your ichi360 monitor V4 for me, coz am still using V2 right now.
many thanx for your kindness & good luck on your trades.
Helping Others bring u luck
  • #12,547
  • Apr 13, 2010 1:04am Apr 13, 2010 1:04am
Quoting tinorio
hi legalindo..

could you share your ichi360 monitor V4 for me, coz am still using V2 right now.
many thanx for your kindness & good luck on your trades.
http://www.ichi360.com/?p=2424

GT

JgrB
  • #12,548
  • Apr 13, 2010 1:09am Apr 13, 2010 1:09am
why is this thread in Recycle Bin?
  • #12,549
  • Apr 13, 2010 2:30am Apr 13, 2010 2:30am
Hey guys

i am trying to find what are the hours of the opening and closing time of each of the forex markets like in london, usa, japan, canada etc..
can someone give me a link where this info is written?
  • #12,550
  • Apr 13, 2010 3:14am Apr 13, 2010 3:14am
Quoting eranzusman
Hey guys

i am trying to find what are the hours of the opening and closing time of each of the forex markets like in london, usa, japan, canada etc..
can someone give me a link where this info is written?
GT

JgrB
Attached Image
  • #12,551
  • Apr 13, 2010 3:39am Apr 13, 2010 3:39am
Quoting f451
Hi Legalindo

I was in that one too... seems a few of the 4H and 1H signals in the last few days have been poor trades...

question for you and everyone else
how do you filter your (valid) ichimoku signals? i.e. you have a valid kumo break, ts/ks cross, cs is supporting etc, what other considerations do you then have to confirm the trade?

Ichi360 has said he tends to use 1H and 4H timeframe confirmation

Do other people use other forms of confirmation? Support or resistance? Other indicators? Focusing on the candlesticks price action?...
Hi mate,

It is worthwhile considering that the current market on many pairs is starting to move sideways which can make getting solid signals with ichi much more difficult as it is most valuable in a trending market imho.

When the market is moving sideways you should always look back at the daily chart and see what the average daily candle trading range has been for the past few days along with what the daily swing highs and lows have been for the past few weeks.

From this info you can get a feel for where the trading range boundaries are in the market. While this sideways movement will not remain forever, knowing the approximate channel range allows you to consider whether TP targets are likely e.g - if average daily trading range on U/J is theoretically 100 pips and the channel trading range it is trading in is a range of 160 pips - it is wise not to enter a longer TF trade with a TP target at 150-200 pips because the likelihood of picking the absolute top and bottom of the trading channel is quite low.

Setting shorter TP targets are a great place to start. I trade these times with shorter set TP targets of 40-50 pips (no more than 1/3 of the channel trading range) and concentrate very hard on ensuring that my risk:reward ratio always remains 1:1 or greater. During these times I still trade the 4hr and 1hr charts however I will try to make my entry as accurate as possible by entering on a 15min signal that is supported on 1hr and 4hr to allow me to use the smallest SL as possible. This keeps the total range of my planned trade small and theoretically more achievable within a tight trading range.

This is just my approach though and many others may approach this differently. I use this method however as I am not a scalper and have no intention to become one.

Pivot Points are useful in determining key support and resistance areas when the market is range trading. Guys have posted a good Pivot level indicator on here recently and I believe thanks for it should be directed to Asher

If you want further info please let me know.

Cheers

4x.
  • #12,552
  • Apr 13, 2010 3:43am Apr 13, 2010 3:43am
Hi
Try this http://fxtrade.oanda.com/resources/fxmarkethours/
You just need to change your time zone

Quoting eranzusman
Hey guys

i am trying to find what are the hours of the opening and closing time of each of the forex markets like in london, usa, japan, canada etc..
can someone give me a link where this info is written?
  • #12,553
  • Apr 13, 2010 3:58am Apr 13, 2010 3:58am
Hi 4x
Useful information – thank you
But can you elaborate more about the ranges for each pair, right now I think most of the participants know how to spot a good entry using ICHI but the challenge from my point of view is how you TP and close the trade.
I use the pivot to identify the TP targets, IS IT WISE TO DO SO?? And where, I can find information about the trading ranges for each pair (I will try to Google).
  • #12,554
  • Apr 13, 2010 4:28am Apr 13, 2010 4:28am
Quoting kambu
Hi 4x
Useful information – thank you
But can you elaborate more about the ranges for each pair, right now I think most of the participants know how to spot a good entry using ICHI but the challenge from my point of view is how you TP and close the trade.
I use the pivot to identify the TP targets, IS IT WISE TO DO SO?? And where, I can find information about the trading ranges for each pair (I will try to Google).
Use this:

http://www.autochartist.com/autochar...?symbol=GBPUSD

Its interactive so play with the menu options. Not sure why the HKD/JPY one is so out of whack at the moment.

Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #12,555
  • Apr 13, 2010 4:32am Apr 13, 2010 4:32am
Quoting JgrB2010
http://www.ichi360.com/?p=2424

GT

JgrB
thanx for the link JgrB...
good luck on your trades
Helping Others bring u luck
  • #12,556
  • Apr 13, 2010 4:37am Apr 13, 2010 4:37am
Quoting kambu
Hi 4x
Useful information – thank you
But can you elaborate more about the ranges for each pair, right now I think most of the participants know how to spot a good entry using ICHI but the challenge from my point of view is how you TP and close the trade.
I use the pivot to identify the TP targets, IS IT WISE TO DO SO?? And where, I can find information about the trading ranges for each pair (I will try to Google).
Hi mate,

I find pivot points as a great way to identify natural areas of solid support and resistance. I normally set TPs at recent swing highs or lows but certainly consider pivot point areas as important hurdles to clear.

See below image for basic trading range analysis. I have used USDCAD which at the moment has hit a major area of support at parity with USD and is waiting for a strong reason to break out of this range.

Let me know if you need further info and I can explain further.

4x.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4hr example.gif Size: 25 KB
  • #12,557
  • Apr 13, 2010 5:04am Apr 13, 2010 5:04am
Quoting tinorio
vic my bro...

i think you should modified the ICHIMOKU KINKO HYO GUIDELINES.pdf in the first post, or maybe you could make your own version ICHIMOKU GUIDELINES.pdf and and reposted in the first page of this thread to replace the previous guidelines.
i just don't want this thread removed from forex factory,
Just delete the damned PDF and direct the reader to the proper website. They can then come back here for continuing discussion!

Jeeze.....
  • #12,558
  • Apr 13, 2010 5:07am Apr 13, 2010 5:07am
Quoting TheFutureAce
why is this thread in Recycle Bin?
read this post bro

http://www.forexfactory.com/showpost...ostcount=12539
Helping Others bring u luck
  • #12,559
  • Apr 13, 2010 5:23am Apr 13, 2010 5:23am
Quoting 4xAddict
Hi mate,

I find pivot points as a great way to identify natural areas of solid support and resistance. I normally set TPs at recent swing highs or lows but certainly consider pivot point areas as important hurdles to clear.

See below image for basic trading range analysis. I have used USDCAD which at the moment has hit a major area of support at parity with USD and is waiting for a strong reason to break out of this range.

Let me know if you need further info and I can explain further.

4x.
Hi 4xadict

Can I ask where do you get your pivot points from as it seems to vary depending on who works them out. For instance my Daily pp on cable is 1.5401 as compiled on Meta, but if you look at this ste it is wildly different!!

http://www.forexpros.com/currencies/gbp-usd-technical

Any advice???

M
  • #12,560
  • Apr 13, 2010 5:37am Apr 13, 2010 5:37am
Quoting 4xAddict
Hi mate,

It is worthwhile considering that the current market on many pairs is starting to move sideways which can make getting solid signals with ichi much more difficult as it is most valuable in a trending market imho.
Thanks for this opinion and your always good advice, it is a big help to hear.

I certainly agree that market conditions have a very large bearing on which trading strategy to use. Ichi is a wonderful system but the use of it should be adapted and used with other methods when the conditions dictate. We must be flexible or we will get broke!!

Siris
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