Ichimoku forever | Page 637 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #12,721
  • Apr 20, 2010 11:47am Apr 20, 2010 11:47am
Hi All,

I am interested to know which brokers you are using that offer these options.

Let me know the name of the broker so that I can look into it. I am puzzled.

Cheers,

4x.

Quoting foxybunny
Hi 4x,

Eyes still on 5min.
15min TF also look good.

Just check that my broker buy/sell spread on Eur/Aud is 10pips, so no playing for me.
What is your spread on this ?

However, my broker also has Aud/Eur, better spread of 4pips.
But no chart on my MT4 for Aud/Eur.

Do people usually go for Eur/Aud or Aud/Eur ??

Cheers,
FB.
  • #12,722
  • Apr 20, 2010 11:49am Apr 20, 2010 11:49am
Quoting nightyhawk
Again a very nice question to my new guru 4xAddict! Why do some broker quote like EURAUD and other quote like AUDEUR? Is there any reason?

Moreover, my broker offers EURNZD (18 Pip) and even NZDEUR(6 Pip). So I will always take the last one... any disadvantages for me, when taking the last?
Who is your broker mate, mine do not offer those synthetic pairs.

FoxyBunny - my broker is FxPro based in Cyprus and my spread on EURAUD is 4 pips.

4x.
  • #12,723
  • Apr 20, 2010 11:55am Apr 20, 2010 11:55am
Quoting 4xAddict
Who is your broker mate, mine do not offer those synthetic pairs.

FoxyBunny - my broker is FxPro based in Cyprus and my spread on EURAUD is 4 pips.

4x.

Hi 4x,

My trading broker now is IGMarkets.

My MT4 demo is also FxPro (Cyprus), but I don't use them for live trades, just for analysis of charts, and also based my Entries, SL, TP on FxPro.

Cheers,
FB.
  • #12,724
  • Apr 20, 2010 12:02pm Apr 20, 2010 12:02pm
GBP/JPY - 1H - Long: Wait for CS > Kumo

Target: 144.10 - 145.00
  • #12,725
  • Apr 20, 2010 12:32pm Apr 20, 2010 12:32pm
Quoting foxybunny
Hi 4x,

My trading broker now is IGMarkets.

My MT4 demo is also FxPro (Cyprus), but I don't use them for live trades, just for analysis of charts, and also based my Entries, SL, TP on FxPro.

Cheers,
FB.
The pairs with the lower spreads are the actual instruments that are offered in the underlying market that the brokers access and they are funded in this way. I.e - the EUR is the base currency as standard.

The higher spread versions are synthetic pairs that are offered specifically by brokers as a tradeable instrument.

To be honest, I have no idea why they do not just offer the best priced pair combination but my advice would just be to use the cheapest one if you can handle using the reversed chart.

What you need to remember is that the price of each pip varies depending on what the funding currency is (the pair listed second).

i.e - AUD/EUR - 1pip = EUR1.00
but EUR/AUD - 1pip = AUD1.00

The broker needs to charge more pips in AUD to get the same profit margin as 4 pips in Euro and the cost of funding AUD for european/UK based brokers is higher which makes the spread slightly more expensive.

That's it on a basic level, essentially though just trade whatever you think is best for your bank balance.
  • #12,726
  • Apr 20, 2010 1:28pm Apr 20, 2010 1:28pm
Quoting 4xAddict
Who is your broker mate, mine do not offer those synthetic pairs.

FoxyBunny - my broker is FxPro based in Cyprus and my spread on EURAUD is 4 pips.

4x.
Broker: IGMarkets (german office)

Spread
------
EURNZD: 20Pip <=> 1 Trade Full Lot cost: 10.58€
NZDEUR: 2Pip <=> 1 Trade Full Lot cost: 2€ (didn't know up to now about this reduced spread.... )

EURAUD: 10Pips
AUDEUR: 4Pips <-- so IG offers even both of them
  • #12,727
  • Apr 20, 2010 1:28pm Apr 20, 2010 1:28pm
Hi All,

I have now closed out my entire position in this pair as I do not like how the AUD is losing momentum strength at the moment.

I closed the position +52pips.

You are obviously your own master as to whether you stay in or not.

The combination of slowing upward momentum in the AUD and medium risk news AUD manufacturing index due overnight (europe time). I think banking the profits is the best option at the moment and as a result I am out.

I will remain watching the market for other opportunities and hope you closed out with some green pips today.

Cheers,

4x.
  • #12,728
  • Apr 20, 2010 3:35pm Apr 20, 2010 3:35pm
Hi, 4xAddict!

Thanks a lot for the reply! I didn't have the opportunity to check out the forum any earlier, in fact I can usually trade only in the evening and at night..

Quoting 4xAddict
It is in my opinion THE most difficult pair to trade in the entire forex market and many traders I respect and admire believe the same thing.
Ouch! Now that was a good piece of advice, thanks a lot. I'll better stay away from it. It has tried to bite me several times, but I didn't let it add my bones to its collection, yet it hurt.
So, I'll better close the chart and forget about it. Thanks for the advice!!!

Quote
That said, once again I like the trade and will likely be entering it today once the latest 1hr candle CLOSES below weekly pivot support at 1.4493.
Once this happens I will watch the 15min or 30min charts for a small retrace
Perfect! I never had enough patience to do all that, obviously that was my other mistake.. Thanks A LOT for all the details!

Quote
If you post the charts of your existing G/J trade I can review it for you, don't be embarrassed I find it the best way to learn.
I closed it this morning. But I admit my very bad mistake - going against the higher TF was just plain stupid.
Luckily, Eur Aud has compensated quite a bit of my loss..

Another position I'm interested in for the moment is Eur/Usd. Both for a short trade on 5 min chart - it's about to break the cloud (it will take a loooong time - before Japan opens), and breakouts on H1 and H4, plus D1 and W1 going down. I'm not very sure about this one because of too much fundamental controversy, and also I don't really like it on MN - the cloud is too close, but in fact the price has already got out of it, so at least the cloud is not standing on its way!
What do you think? Can we say that Ichi gives a strong signal down?
  • #12,729
  • Apr 20, 2010 3:38pm Apr 20, 2010 3:38pm
Ok. My previous message is still not seen - but the cloud on M5 is already broken, and I'm in there, short from 1.3434. Let's see what we can get out of it - when all markets are closed..
  • #12,730
  • Apr 20, 2010 4:06pm Apr 20, 2010 4:06pm
See you tomorrow people
  • #12,731
  • Apr 20, 2010 4:23pm Apr 20, 2010 4:23pm
Bye mate.
  • #12,732
  • Apr 20, 2010 4:23pm Apr 20, 2010 4:23pm
GBP/JPY - 1H -Long @ 143.28
  • #12,733
  • Apr 20, 2010 6:52pm Apr 20, 2010 6:52pm
Oops. I'm late too say good bye.. then I'll say HELLO! and wish you all a great day and only wisest decisions (usual for megacool guys )!!!!!

I'm on Eur-Usd with Japan and will go to bed as soon as it hits 1.3367.. or something.. so I hope it hits that one soon, cause I'm terribly sleepy!

Good luck and lots of green pips to everyone!!!!!
  • #12,734
  • Apr 20, 2010 9:54pm Apr 20, 2010 9:54pm
Quoting nightyhawk
Put a EUR/AUD on your chart and then just try MNMultiTimeframeIchi! Change the following Parameters:

TimeFrameAbove = 0 // cause you want to see your actual Timeframe
InversSignal = true // cause you want to see AUD/EUR and not vv.

Have fun!

Hi Nightyhawk,

Put on the MNMultiTimeframeIchi indicator, it is cool that showing the inverse of EUR/AUD.

The default value for TimeFrameAbove is 1.
What does 1 mean?

What are the other values of TimeFrameAbove and what do they represent ?

Thanks,
FB.
  • #12,735
  • Apr 20, 2010 10:05pm Apr 20, 2010 10:05pm
Quoting 4xAddict
Hi All,

I have now closed out my entire position in this pair as I do not like how the AUD is losing momentum strength at the moment.

I closed the position +52pips.

You are obviously your own master as to whether you stay in or not.

The combination of slowing upward momentum in the AUD and medium risk news AUD manufacturing index due overnight (europe time). I think banking the profits is the best option at the moment and as a result I am out.

I will remain watching the market for other opportunities and hope you closed out with some...
Hi 4x,

Great call on Eur/Aud.
Right now almost hitting your original TP1 1.4400 , current low was 1.4401.

Cheers,
FB.
  • #12,736
  • Apr 21, 2010 3:47am Apr 21, 2010 3:47am
Hi mate,

To be honest there is no value in asking me about entry signals on the 5min chart as I just don't trade such low timeframes, sorry.

4x.


Quoting &lt;3 Ichi &lt;3
Hi, 4xAddict!

Thanks a lot for the reply! I didn't have the opportunity to check out the forum any earlier, in fact I can usually trade only in the evening and at night..



Ouch! Now that was a good piece of advice, thanks a lot. I'll better stay away from it. It has tried to bite me several times, but I didn't let it add my bones to its collection, yet it hurt.
So, I'll better close the chart and forget about it. Thanks for the advice!!!

Perfect! I never had enough patience to do all that, obviously that was my other...
  • #12,737
  • Apr 21, 2010 3:52am Apr 21, 2010 3:52am
Quoting foxybunny
Hi 4x,

Great call on Eur/Aud.
Right now almost hitting your original TP1 1.4400 , current low was 1.4401.

Cheers,
FB.
GM FB,

Yes it's a good trade, I had to go out last night which is why I decided to take profits once the AUD started to lose momentum around lunchtime in NY.

It's good for the run down to the 1.4387 mark which is a weekly pivot support level however below that is a bit of a lottery.

My suggestion would be to only have half in the market now and move SL to 1.4420 to lock in your pips on the other half of the position.

Glad we've ended up in the black after the earlier trade yesterday. You should take nearly 100+pips if you got in around 1.4490 when I did.

Good luck.

4x.
  • #12,738
  • Apr 21, 2010 3:57am Apr 21, 2010 3:57am
Quoting &lt;3 Ichi &lt;3
Ok. My previous message is still not seen - but the cloud on M5 is already broken, and I'm in there, short from 1.3434. Let's see what we can get out of it - when all markets are closed..
Mate I am now short E/U with a very small position because I believe that this Greece issue is going to build going into the weekend.

I have 0.5% of equity in this trade but have entered on a retest of 1.3440 level on the 1hr chart.

Given how crazy the market is at the moment and especially the Euro given the problems in the Euro zone it is quite dangerous trading Euro pairs on 5min TF unless you are looking to scalp 10 or 15 pips here or there.

cheers,

4x.
  • #12,739
  • Apr 21, 2010 4:03am Apr 21, 2010 4:03am
Quoting 4xAddict
GM FB,

Yes it's a good trade, I had to go out last night which is why I decided to take profits once the AUD started to lose momentum around lunchtime in NY.

It's good for the run down to the 1.4387 mark which is a weekly pivot support level however below that is a bit of a lottery.

My suggestion would be to only have half in the market now and move SL to 1.4420 to lock in your pips on the other half of the position.

Glad we've ended up in the black after the earlier trade yesterday. You should take nearly 100+pips if you got in around 1.4490...

Hi mate,

Glad you are back in green pips.

I didn't take this trade as don't trade or monitor Eur/Aud due to the spread, just monitoring for you.

Change charts to add pivots and also start to learn to watch 15-min, still have 5-min as well.

Going out now for next 7 hours.

Cheers,
FB.
  • #12,740
  • Apr 21, 2010 4:06am Apr 21, 2010 4:06am
Quoting foxybunny
Hi Nightyhawk,

Put on the MNMultiTimeframeIchi indicator, it is cool that showing the inverse of EUR/AUD.

The default value for TimeFrameAbove is 1.
What does 1 mean?

What are the other values of TimeFrameAbove and what do they represent ?

Thanks,
FB.
My intention to write this indicator was, to show me for example the 4h-Ichi-Chart while looking to the one-hour-chart. And furthermore to do that in ONE window... so TimeFrameAbove=1 means, that MT4 shows you the next higher Timeframe.
When you set it to the value 2, it will display the after next timeframe (e.g. mainchart is 1hour -> MNMultiTimeframeIchi will present daily data)...
The reverse function was implemented quickly after your post
11 traders viewing now