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Ichimoku forever

  • #13,061
  • May 3, 2010 6:01am May 3, 2010 6:01am
Before you open a trade

you have to be sure it is not a fake signal

how you know the trade that you take is going to trend or range ( fake breakout ) ??

what things to look out for ?

many thanks
  • #13,062
  • May 3, 2010 6:29am May 3, 2010 6:29am
Quoting webforex
Before you open a trade

you have to be sure it is not a fake signal

how you know the trade that you take is going to trend or range ( fake breakout ) ??

what things to look out for ?

many thanks
yeah, exctly, couldnt really figure that out too. hopefully the pros can help
  • #13,063
  • May 3, 2010 6:35am May 3, 2010 6:35am
a breakout. anyone taking it?
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  • #13,064
  • May 3, 2010 6:37am May 3, 2010 6:37am
Quoting webforex
Before you open a trade

you have to be sure it is not a fake signal

how you know the trade that you take is going to trend or range ( fake breakout ) ??

what things to look out for ?

many thanks
My rule is to look at future kumo. At the time of TS/KS cross, just look future kumo (FK). If FK is also bullish/bearish as TS/KS cross signal, take the call. Otherwise, wait for either next TS/KS cross or FK.

Also, look at the thickness of the cloud. If the cloud is very thick, I would wait kumo breakout to open the trade.

If the cloud if thin, I would take the call on TS/KS cross.

The opening angle of FK and flat lines are also important. Remember, flat lines of kumo will always attract the price.

Also, look at higher time frame to get the outlook of broader market. e.g., I generally trade on H1 chart. So, I watch M30 chart to get support idea and H4 chart to get resistance figures.

Hope it will help you.
  • #13,065
  • May 3, 2010 6:38am May 3, 2010 6:38am
Quoting fxripper
a breakout. anyone taking it?
Yes, I've also taken along with NZDJPY.
  • #13,066
  • May 3, 2010 6:47am May 3, 2010 6:47am
Quoting webforex
Before you open a trade

you have to be sure it is not a fake signal

how you know the trade that you take is going to trend or range ( fake breakout ) ??

what things to look out for ?

many thanks
Nobody knows before, wether a breakout is true or fake. And nobody knows, wether the price is going up or down, but there are propabilities.
Remember: forex is a game with propabilities
Specially breakouts are difficult to trade, because where want you place your stoploss?
Under the consolidation before the breakout? Thats often far away. The better risk/reward ratio you will get, when you fade the breakout, if it would thrown back from the resistance/support: put your stoploss below/above the reversal candle (hammer, pin,...)
Do what you want, but do it in love
  • #13,067
  • May 3, 2010 6:50am May 3, 2010 6:50am
Quoting gkdoda
Yes, I've also taken along with NZDJPY.
where's your SL? and TP?
  • #13,068
  • May 3, 2010 6:57am May 3, 2010 6:57am
Quoting fxripper
where's your SL? and TP?
68.57 as my stoploss and I would watch the previous high of 69 to book some profit or may be more. NZD is strong overall today.

Regards
  • #13,069
  • May 3, 2010 6:59am May 3, 2010 6:59am
bank hols in UK so anything UK based i tend to watch but not get involved in out of my 4 this leaves only USDJPY

2 signals in my watch window

Long at 94.03 which closed by the 15min at 93.97 for a loss of 6 pips

Long at 94.03 which is still long the 15min holding the trade in nicely

P
  • #13,070
  • May 3, 2010 7:14am May 3, 2010 7:14am
Hello Friends,

I want to share my little indicator with all of you - Trend Indicator. It shows whether the market is trending or is rang-bound.

Look at the Bottom-Left of your screen for the result.

Generally, one should take the call in trending market and avoid range bound.

Hope it will help you.

Your feedback will be highly appreciated.

Regards
Attached File(s)
File Type: ex4 Doda-Trend.ex4   2 KB | 591 downloads
  • #13,071
  • May 3, 2010 8:09am May 3, 2010 8:09am
Quoting gkdoda
Hello Friends,

I want to share my little indicator with all of you - Trend Indicator. It shows whether the market is trending or is rang-bound.

Look at the Bottom-Left of your screen for the result.

Generally, one should take the call in trending market and avoid range bound.

Hope it will help you.

Your feedback will be highly appreciated.

Regards
great stuff. something that i'm looking for. how does this indicator know when it's trending or range bound? thanks man
  • #13,072
  • May 3, 2010 8:15am May 3, 2010 8:15am
Quoting Paulus
Hi

here are mine no variables for inputs which in a way is good becuse you cant chop and change

cheers

paulus
Hey paulus
When trying to download both your indi' i get this annoying msg
mayeb u know how to solve it?http://cdn.forexfactory.com/images/icons/icon9.gif
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  • #13,073
  • May 3, 2010 8:20am May 3, 2010 8:20am
Quoting fxripper
great stuff. something that i'm looking for. how does this indicator know when it's trending or range bound? thanks man
I read one article on ATR and standard deviation somewhere on web. This indicator is the result of that.

Regards
  • #13,074
  • May 3, 2010 8:21am May 3, 2010 8:21am
Quoting eranzusman
Hey paulus
When trying to download both your indi' i get this annoying msg
mayeb u know how to solve it?http://cdn.forexfactory.com/images/icons/icon9.gif
if u dont mind me answering. just save it and when the download completes, rename it as nameofindicator.ex4 or nameofindicator.mq4. that's it
  • #13,075
  • May 3, 2010 8:35am May 3, 2010 8:35am
I prefer the HTF but am not adverse to a M15 but would want the 1H to confirm the trend so the AUD/USD didn't work for me. The NZD/JPY trade looks a good one.

I am still on a EUR/NZD from last week as per my post when I was nervous to hold the +300 position with the Bank hols, Greece situation and the GE here in Brit. but after getting good advice from Ollie to close half the position I dithered to long and the trade retraced 175pips so I just hung in there. My aim was to get the position to the perfect place of locking in profit, stop above the cloud and then let it run, happy to say reached that position this am when I locked in +50 and the trade is running nicely atm although of course my original fears of the Greece sit and the election still stand.

Also I was expecting the EURO to be hammered by all this unrest but the opposite seems to be the case on many pairs ie GBP/EUR EUR/USD am I missing something here? So now Greece situation sorted do we think that will strengthen or weaken the EURO?

Funny just when I think I have a grip on it the opposite happens lol
  • #13,076
  • May 3, 2010 9:03am May 3, 2010 9:03am
EURGBP H1 Kumo breakout
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Do what you want, but do it in love
  • #13,077
  • May 3, 2010 9:06am May 3, 2010 9:06am
Quoting Paulus

Long at 94.03 which is still long the 15min holding the trade in nicely

P
Thanks FX I couldnt of answered that question

BTW still long above signal up 50 odd pips atm

cheers
P
  • #13,078
  • May 3, 2010 9:07am May 3, 2010 9:07am
gadoka

how to use your trend indicator ?

best for what timeframe ?

repainting in lower timeframe ?
  • #13,079
  • May 3, 2010 9:40am May 3, 2010 9:40am
Quoting webforex
gadoka

how to use your trend indicator ?

best for what timeframe ?

repainting in lower timeframe ?
Hello,

First of all this indicator is not for Buy or sell signals. It shows whether the current market is range-bound or trending. It may be downtrend or uptrend. You can use this indicator along with other indicators like Ichimoku.

E.g. If you get Buy or Sell signal from Ichimoku or MA, and this trend indicator shows that the market is range-bound; then it's better to wait to get "Trending" signal. If you enter in range-bound market, the market will test your patience and ofcourse, your stop-loss also.

This will work on every time-frame. But I suggest you to use higher time-frames. Lower timeframes changes all values very quickly, so is the result of this indicator.

This indicator does not re-paint. But if you choose lower timeframe, you will see result changing rapidly as the market changes.

Hope it will help you.

Regards
  • #13,080
  • May 3, 2010 9:42am May 3, 2010 9:42am
USD-index rockets up
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Do what you want, but do it in love
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