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Ichimoku forever

  • #12,601
  • Apr 14, 2010 11:39am Apr 14, 2010 11:39am
Quoting f451
4x,

Thank you for that. reading your comment was a bit of an AHA! moment for me... I know IKH is great trend indicator, but I have been unclear how to handle in in ranging or sideways markets....
Hi mate,

I am not aware of any concrete way to pick the beginning of a trend however it is normally a solid move that closes on the 1hr and preferably the 4hr chart - candle starting inside resistance/support zone and closing comfortably outside R/S zone.

A good example is the current candle on USDCAD 4hr chart. If it closes this far below the previous swing low support region from 0.9975-0.9990 (includes weekly pivot S1) then we should see further extension of this move and therefore a solid break of the trading range.

It is just a matter of drawing some horizontal lines on your chart for the period in which is has been trading sideways and you can quickly start to see where the highs and lows of the range are.

Good luck,

4x.
  • #12,602
  • Apr 14, 2010 11:51am Apr 14, 2010 11:51am
Quoting fxripper
guys, can any of u help me understand why is that since monday, i cant find a good setup? once i got one, it's fake. hate it.
Maybe Ichimoku won't work anymore
  • #12,603
  • Apr 14, 2010 11:59am Apr 14, 2010 11:59am
Quoting nightyhawk
Maybe Ichimoku won't work anymore
lol. no! it will work. maybe it is the fundamentals. patinece needed NOW!!
  • #12,604
  • Apr 14, 2010 12:19pm Apr 14, 2010 12:19pm
Quoting fxripper
lol. no! it will work. maybe it is the fundamentals. patinece needed NOW!!
Yes mate the market is just really undecided about this Greek business it seem and also the start of the US reporting season for large stocks is causing people to wait to see if the are going to meet expectations.

I am sure there are a number of other things causing this however with the Greek debt situation, we are probably not going to get a true indication of just how things will pan out until we hit may (mid May I think) when Greece has to refinance shiploads of debt and could be the trigger for them calling in the EU/IMF option or defaulting.

Also, the fact that the real attitude of the German government towards bailing out Greece will not become clear until their elections take place.

The trades will come and the longer it goes sideways the higher the likelihood that the break out of the range trading will be fierce and full of green pips for ichi users

4x.
  • #12,605
  • Apr 14, 2010 12:51pm Apr 14, 2010 12:51pm
Quoting 4xAddict
Yes mate the market is just really undecided about this Greek business it seem and also the start of the US reporting season for large stocks is causing people to wait to see if the are going to meet expectations.

I am sure there are a number of other things causing this however with the Greek debt situation, we are probably not going to get a true indication of just how things will pan out until we hit may (mid May I think) when Greece has to refinance shiploads of debt and could be the trigger for them calling in the EU/IMF option or defaulting....
Also, Greece may just be the start. There are other countries in the EU that may be on their heels.

Patience everyone, wait for movement. Don't try to force a trade.
  • #12,606
  • Apr 14, 2010 1:52pm Apr 14, 2010 1:52pm
For those pesky trading range situations I use the tenkan and kinjun lines in combination. I created a template and when I suspect a trading range I use it to keep me from taking the wrong breakouts or breakouts in the wrong direction. I use the standard Ichi 9 times with only tenkan and kinjun lines visible with the following ichi settings- 3,9,18 - 6,18,36 - 9,26,52(standard)- 12,35,70 - 15,44,88 - 18,52,104 - 21,60,120 - 25,72,144 and 27,78,156.

Use it to only trade from the cloud (created by all the lines) outwards.
Must break the outer line of the cloud.
In some instances one can predict when the next breakout will occur if you look at lines.
It can be helpful at times.
Attached Image (click to enlarge)
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  • #12,607
  • Apr 14, 2010 2:42pm Apr 14, 2010 2:42pm
not sure but what am sure of is that i am pips-crazy cos i suffer from a condition called pips flu otherwise known as PIPS SWAGGER


Disclaimer: this is not a free trade, if situation changes then trade plan changes according,whichever way i must have some pips, wish me luck, dont laugh if lose just PM me,lmao
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  • #12,608
  • Apr 14, 2010 2:52pm Apr 14, 2010 2:52pm
If you add the chikou to the 9 tenkan-kijun cloud there are 3 possible fake breakouts that you could have spotted before the real breakout.
See below
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  • #12,609
  • Apr 14, 2010 2:56pm Apr 14, 2010 2:56pm
good invention, i see you use 5m charts, is just good for 5m or universal


Quoting Kinko
If you add the chikou to the 9 tenkan-kijun cloud there are 3 possible fake breakouts that you could have spotted before the real breakout.
See below
  • #12,610
  • Apr 14, 2010 4:14pm Apr 14, 2010 4:14pm
AUDUSD 5M

Range situation with fake breakouts - was within the tenkan-kijun cloud.
Possible breakout at the end with very small band of support on either side of the price.
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  • #12,611
  • Apr 14, 2010 4:20pm Apr 14, 2010 4:20pm
Quoting rundownz
good invention, i see you use 5m charts, is just good for 5m or universal
I have not tested it in the higher timeframes but I see no reason why it should not work there as well. But then again I use it to prevent taking fake breakouts mainly in the 5M and 15M charts
  • #12,612
  • Apr 14, 2010 4:47pm Apr 14, 2010 4:47pm
EURAUD 5M
9-Tenkan-kijun cloud
And here we have a breakout - note all the Ichi lines moving in the same direction with the breakout.
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  • #12,613
  • Apr 14, 2010 5:10pm Apr 14, 2010 5:10pm
Its a shame that ignorant and ill-informed posts like these put off those who do good things for others without any commercial intentions and then these people come back and say "hey lol it was just fun"

1. Who told you Vic was the Founder of Ichimoku ?
2. Did he come from Japan ?
3. Do you think he was around during WWII ?
4. Or does that mean you know nothing about the history of Ichimoku itself ?
5. Show me the post where Vic asked / discussed his intentions about charging people for a thread and / or Skype Room

I'm not sure why this post has been ignored by the fellow members but to me this is an extremely offensive post and makes absolutely no sense at all.

BTW fredfx, why dont you devote some of your time to the community and take responsibility for writing up this PDF file before commenting on other's efforts.






Quoting fredfx
..correct me if i am wrong, i thought someone mentioned here that the founder(s) of ichimoku and related strategies are here in this thread...

Its a pity to now find out now that someone has been copying someone else's work, moreover me think they want to open another forum or skype room or whatever then ask people to pay for this or that(honestly I dont give a hoot as there nothing wrong with that as there will always be...
  • #12,614
  • Edited 6:18pm Apr 14, 2010 5:28pm | Edited 6:18pm
closed most recent buy order and secured some pips about 3pips less 1st TP @93.29

enrty 93.09 profit $214.39, entry 93.11 profit $192.25, present locked profit $406.64 TP 93.29. not bad for fews hrs work


Two more lots with entries at 93.085 and 93.080 still open, move sl to breakeven still watching as i said b4 if market change ,strategy will change, waiting for asians to place their others lets see which way this pair will go the session.
  • #12,615
  • Apr 14, 2010 6:33pm Apr 14, 2010 6:33pm
any one gonna join this party
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  • #12,616
  • Apr 14, 2010 6:44pm Apr 14, 2010 6:44pm
Quoting Kinko
If you add the chikou to the 9 tenkan-kijun cloud there are 3 possible fake breakouts that you could have spotted before the real breakout.
See below
Hi Kinko, could you post your template pls. thanks.
Pardy
  • #12,617
  • Edited 7:57pm Apr 14, 2010 7:02pm | Edited 7:57pm

1. Who told you Vic was the Founder of Ichimoku ? Sorry but whos Vic?

2. Did he come from Japan ? perhaps you do!

3. Do you think he was around during WWII ? you should be in a better position to say!

4. Or does that mean you know nothing about the history of Ichimoku itself ? please teach me history bcos obviously you cannot teach me charting, Mr lecturer or should you be called Mr. inventor

5. Show me the post where Vic asked / discussed his intentions about charging people for a thread and / or Skype Room? Did i mention anybodys name!!!!!!!!

To be honest with you, i dont know anybody here from Adam, just want to share good info on charts/TA- give and take but some individuals here seems to resist knowledge "people suffer due to lack of knowledge" when someone posts a good chart even better*realtime* analysis than they have ever produced they always try to mock them down and the next you read here they start praising this and that, as far as i am concerned all this people could be one and the same person ie maybe YOU.

Perhaps it would be appropriate if you call me arogant but not ignorant!!

There is nothing wrong trying to make a few bucks from others but you might as well come out straight and say it afterall the internet is full of crap which interestlingly people still pay for it, who knows maybe you could do better..

To be perfectly clear i am a Trader a good one for that matter(arogant,eh?), i am not after any financial gain or solicitations here, i truly believe every can still learn something ..

There is no need to be angry except you are not making any money then i'd understand.

The ks and the cs are holding hands getting ready to jump off the high kumo.

now you and your goons can bring on the blacklash, np focus more on the market
  • #12,618
  • Apr 14, 2010 7:08pm Apr 14, 2010 7:08pm
another party in here or what
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  • #12,619
  • Apr 14, 2010 7:10pm Apr 14, 2010 7:10pm
Quoting fredfx

1. Who told you Vic was the Founder of Ichimoku ? Sorry but whos Vic?

2. Did he come from Japan ?...

i dun like the way things are going on here to be honest
lots of fights
and if you dun know me what u r doin in my thread ????!!!!!!!
  • #12,620
  • Apr 14, 2010 7:11pm Apr 14, 2010 7:11pm
Having a scalping party over here bro
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