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Ichimoku / Kijun Sen strategy

  • #21
  • Apr 20, 2010 4:52am Apr 20, 2010 4:52am
I took this trade at the close of the candle. I keep an eye on 1.3500 (round number support). Now it is lunch time for London so poor activity. Gonna see at the US session open how it will go.
Attached Image (click to enlarge)
Click to Enlarge Name: TRADE20042010.JPG Size: 216 KB
  • #22
  • Apr 20, 2010 7:58am Apr 20, 2010 7:58am
It was a loosing trade : exited at 1.3479 with a loss of 11 pips spread included. Finally, you can see that we lost "only" 11 pips whereas the odds was with us. But we have to patient as Chikou is still above price action and cloud seems to be a good support now. Maybe the next cross of Kijun Sen would be the good one ? Let's see....
Attached Image (click to enlarge)
Click to Enlarge Name: Exited 20042010.JPG Size: 203 KB
  • #23
  • Apr 20, 2010 8:08am Apr 20, 2010 8:08am
I got +24 pips out of this one. I cashed in the same amount of risk. I could have stayed longer for more profit, but it started running down after major news. So I'm satisfied with the trade.

http://i43.tinypic.com/dcxxtz.jpg
  • #24
  • Apr 20, 2010 9:40am Apr 20, 2010 9:40am
I'm not sure about this one. EURUSD has just crossed below cloud and Chinkou Span is below price action. But all the other pairs are above their clouds. We'll see.

http://i40.tinypic.com/2vxj0nr.jpg
  • #25
  • Apr 20, 2010 1:02pm Apr 20, 2010 1:02pm
My entry was right, but my stop loss was too tight. I lost 16 pips. Then I reentered and got 10 pips back. Would have been a nice gain with a proper initial stop.

http://i44.tinypic.com/fmqs7m.jpg
  • #26
  • Apr 20, 2010 9:01pm Apr 20, 2010 9:01pm
Just wondering if Chinkou Span above price action is what we have in the pic or do we have to wait for Chinkou to get above the dotted line? Thanks.

http://i43.tinypic.com/5cer2g.jpg
  • #27
  • Apr 21, 2010 3:05am Apr 21, 2010 3:05am
Well done ! I did not have the time to post this grpah. I took the trade too.

Quoting chamane
I got +24 pips out of this one. I cashed in the same amount of risk. I could have stayed longer for more profit, but it started running down after major news. So I'm satisfied with the trade.

http://i43.tinypic.com/dcxxtz.jpg
  • #28
  • Apr 21, 2010 3:06am Apr 21, 2010 3:06am
what we have on the pic
Quoting chamane
Just wondering if Chinkou Span above price action is what we have in the pic or do we have to wait for Chinkou to get above the dotted line? Thanks.

http://i43.tinypic.com/5cer2g.jpg
  • #29
  • Apr 21, 2010 8:16am Apr 21, 2010 8:16am
Quoting hmaoui
what we have on the pic
My question is related to the meaning of "Chinkou Span below or above price action". On the pic, the headsup signal is given by price crossing Kijun-sen upwards (green circle). At that time, Chinkou Span was slightly above price (red circle). But there was another swing high a little further (yellow circle). According to the method, do we have to wait for Chinkou to be above that yellow circle or do we only consider the price in line with Chinkou value at the time of the headsup signal (red circle)?

Of course, history tells that the entry was better at that time, but when trading live, it is not that easy to tell.

Thanks

http://i42.tinypic.com/hx6yk1.jpg
  • #30
  • Apr 22, 2010 5:15am Apr 22, 2010 5:15am
Hi,

According to the chart AND to our rules : The signal is given by a kijun Sen crossing...BUT, to filter little bit false signal, we are looking for a confirmation. This confirmation is given by the Chikou Span but it is only to confirm an entry point. Once you are in a trade, your exit will be a cross of the KS in the opposite of your trade, or the cloud barrier, or even at a resistance level (such as round numbers) according to the rules. Once you are in, forget the Chikou Span : it is only an entry confirmation !
So, in your chart, you enter at the green circle

Quoting chamane
My question is related to the meaning of "Chinkou Span below or above price action". On the pic, the headsup signal is given by price crossing Kijun-sen upwards (green circle). At that time, Chinkou Span was slightly above price (red circle). But there was another swing high a little further (yellow circle). According to the method, do we have to wait for Chinkou to be above that yellow circle or do we only consider the price in line with Chinkou value at the time of the headsup signal (red circle)?

Of course, history tells that the entry was...
  • #31
  • Apr 22, 2010 5:24am Apr 22, 2010 5:24am
A good entry this morning....Hope a nice exit too ! I entered at 1,3379 as the big candle crossed down the KS and Chikou confirmed it. Also it crossed the cloud so it would be a nice trade. I put my SL at B/E+1 so that I can't lose any money and I can re-enter at the next signal if there is one (pullback).
Attached Image (click to enlarge)
Click to Enlarge Name: Entry22042010.JPG Size: 168 KB
  • #32
  • Apr 22, 2010 7:35pm Apr 22, 2010 7:35pm
Quoting hmaoui
Hi,

According to the chart AND to our rules : The signal is given by a kijun Sen crossing...BUT, to filter...
Thanks for the info. Really appreciate it. My last 9 trades gave me +54 pips (1 loss) as I close them when I am near 1XATR value (RR:1). I am demoing and it looks promising. Now I make sure my 30min trades go in the same direction given in the 4 hr chart where in both charts price has crossed Kijun-sen and Chinkou is under/aboce price action depending onprice movement.
  • #33
  • Apr 23, 2010 4:58pm Apr 23, 2010 4:58pm
Last trade of the week. Entry at price just getting over the cloud and Chinkou Span over PA. I brought SL at BE after 10 pips gain and let everything go all the way for +102 pips. I will certainly use this method next week again.

http://i39.tinypic.com/2079efa.jpg
  • #34
  • Apr 23, 2010 5:07pm Apr 23, 2010 5:07pm
Quoting chamane
Last trade of the week. Entry at price just getting over the cloud and Chinkou Span over PA. I brought SL at BE after 10 pips gain and let everything go all the way for +102 pips. I will certainly use this method next week again.

http://i39.tinypic.com/2079efa.jpg
I should have said a +33 pips gain instead. Got mixted up with other trades. I'm satisfied anyway.
  • #35
  • Edited 9:26am Apr 26, 2010 6:48am | Edited 9:26am
Quoting chamane
I should have said a +33 pips gain instead. Got mixted up with other trades. I'm satisfied anyway.
Hi sir/madam

do u mind sharing ua system above cos am curious wat is this dotted white line on pa on ua chart or the dots r put manually?
  • #36
  • Apr 26, 2010 8:00pm Apr 26, 2010 8:00pm
Quoting fxrambo
Hi sir/madam

do u mind sharing ua system above cos am curious wat is this dotted white line on pa on ua chart or the dots r put manually?
I am using the Ichimoku indicator as proposed on post #1. I just added Gann HiLo Activator (dotted line) and 5/8 ema crossover (arrows) to confirm and compare the signals to the original method.
  • #37
  • Apr 27, 2010 3:25am Apr 27, 2010 3:25am
Just for your consideration... this is an absolutely PRE-PRE-ALPHA EA, based on the rules of hmaoui
Attached File(s)
File Type: ex4 hmaoui_Ichimoku_EA.ex4   12 KB | 532 downloads
  • #38
  • Apr 27, 2010 5:43am Apr 27, 2010 5:43am
Quoting chamane
I am using the Ichimoku indicator as proposed on post #1. I just added Gann HiLo Activator (dotted line) and 5/8 ema crossover (arrows) to confirm and compare the signals to the original method.
is it possible for u to share the tpl u r using and the indicators u have in ua chart including the dotted gann and the gann indi to have the same settings as uas sir
  • #39
  • Apr 27, 2010 4:28pm Apr 27, 2010 4:28pm
Quoting fxrambo
is it possible for u to share the tpl u r using and the indicators u have in ua chart including the dotted gann and the gann indi to have the same settings as uas sir
Here are the indies and template. I added the Gann indicator (20) after seeing a video from Chris Capre on Ichimoku and thought it was a good idea to confirm the signals with it, but I am demoing hmaoui method. Today I made quite a few pips on 4hr charts with audusd, eurusd, gbpusd and usdcad as price moved a lot (see example of gbpusd +73 pips on the pic).

BTW, I changed the Ichimoku settings for 7, 22, 44. Good luck.

http://i39.tinypic.com/zvubmr.jpg
Attached File(s)
File Type: zip Ichimoku hmaoui.zip   15 KB | 741 downloads
  • #40
  • Apr 29, 2010 1:24am Apr 29, 2010 1:24am
Quoting chamane
Here are the indies and template. I added the Gann indicator (20) after seeing a video from Chris Capre on Ichimoku and thought it was a good idea to confirm the signals with it, but I am demoing hmaoui method. Today I made quite a few pips on 4hr charts with audusd, eurusd, gbpusd and usdcad as price moved a lot (see example of gbpusd +73 pips on the pic).

BTW, I changed the Ichimoku settings for 7, 22, 44. Good luck.

http://i39.tinypic.com/zvubmr.jpg
thanx alot sir let me follow the stratergy
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