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Ichimoku forever

  • #13,081
  • May 3, 2010 9:44am May 3, 2010 9:44am
Quoting fxripper
a breakout. anyone taking it?
fake. price broke kumo downwards now but at the edge of h1 kumo.
  • #13,082
  • May 3, 2010 10:23am May 3, 2010 10:23am
Ooooo that looks promising Oli. so we're in a big resistance level atm should we wait and see if it can break the 131281 area before jumping
  • #13,083
  • May 3, 2010 10:38am May 3, 2010 10:38am
Quoting legalindo
USD/JPY-1H-Long @ 94.20, target 30 pips.

What do you think ?
Close: + 25 pips
  • #13,084
  • Edited 11:07am May 3, 2010 10:57am | Edited 11:07am
Quoting Paulus
Long at 94.03 which is still long the 15min holding the trade in nicely

P
closed at 94.50 due to 15 min HA +47

NY now open but still leaving £$ as no pro UK traders

This leaves EURUSD,USDCHF taking any signal from NY open has given 2 nice signals

EURUSD short from 1.3215 currently up 28 but a few mins to go on the 15min yet
USDCHF long from 1.0833 currently up 30 but a few minsto go on the 15min yet
  • #13,085
  • May 3, 2010 11:17am May 3, 2010 11:17am
Quoting Paulus


closed at 94.50 due to 15 min HA +47



EURUSD short from 1.3215 currently up 28 but a few mins to go on the 15min yet
USDCHF long from 1.0833 currently up 30 but a few minsto go on the 15min yet
closed usdchf +25
closed EURUSD +23

P
  • #13,086
  • May 3, 2010 11:23am May 3, 2010 11:23am
Quoting Paulus
closed usdchf +25
closed EURUSD +23

P
Very well done Paulus, that is 95+ green pips on a slow day. Wow!!

I managed 45+ on JPY and 50+ on Euro.
The things which hurt, instruct! - Benjamin Franklin
  • #13,087
  • May 3, 2010 11:47am May 3, 2010 11:47am
hi guys. just wanted to share some of my findings which might help to spot range bound areas and filter fake breakouts. it hasn't been into test on real life yet. just going through a few charts and here is what i found. Range bound action is usually spotted when price, chikou span and especially the kumo cloud is in the higher TFs cloud. For example, in the chart, i use M15 and H1. Real breakout usually happens when the price, chikou and future cloud is out of the H1 kumo. and after a range bound area, a break of the future kumo usually states that the range bound area is passed and is over. but still, it hasnt really been 100% proven but i'll keep monitoring it. and i guess, breakouts can be traded when there is an empty space between the lower tf kumo and higher tf kumo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd copy.png Size: 81 KB
  • #13,088
  • May 3, 2010 12:23pm May 3, 2010 12:23pm
Quoting Ezmai
Very well done Paulus, that is 95+ green pips on a slow day. Wow!!

I managed 45+ on JPY and 50+ on Euro.

well that is great going also..we take what the market gives

both are close to another signal both hovering just above and below the cloud

P
  • #13,089
  • May 3, 2010 12:35pm May 3, 2010 12:35pm
Quoting fxripper
hi guys. just wanted to share some of my findings which might help to spot range bound areas and filter fake breakouts. it hasn't been into test on real life yet. just going through a few charts and here is what i found. Range bound action is usually spotted when price, chikou span and especially the kumo cloud is in the higher TFs cloud. For example, in the chart, i use M15 and H1. Real breakout usually happens when the price, chikou and future cloud is out of the H1 kumo. and after a range bound area, a break of the future kumo usually states...
Very good advice, fxripper
Do what you want, but do it in love
  • #13,090
  • May 3, 2010 1:06pm May 3, 2010 1:06pm
Quoting oli
Very good advice, fxripper
thanks oli but i guess there's still a lot of monitoring to do. :nerd:
  • #13,091
  • May 3, 2010 1:54pm May 3, 2010 1:54pm
Quoting fxripper
hi guys. just wanted to share some of my findings which might help to spot range bound areas and filter fake breakouts. it hasn't been into test on real life yet. just going through a few charts and here is what i found. Range bound action is usually spotted when price, chikou span and especially the kumo cloud is in the higher TFs cloud. For example, in the chart, i use M15 and H1. Real breakout usually happens when the price, chikou and future cloud is out of the H1 kumo. and after a range bound area, a break of the future kumo usually states...
hi fxripper, may i know how do u plot 2 different of kumo over the same chart?and also, does the dark green line act as Ks on h1 chart?
  • #13,092
  • May 3, 2010 4:22pm May 3, 2010 4:22pm
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
What I find helpful is to zoom out the chart and then draw trendlines at the dips and bumps of the Chikou. When the chikou then break those trendlines as well as the horizontal on the last Chikou bump(dip) its time to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 41 KB
  • #13,093
  • May 3, 2010 4:41pm May 3, 2010 4:41pm
Quoting Kinko
What I find helpful is to zoom out the chart and then draw trendlines at the dips and bumps of the Chikou. When the chikou then break those trendlines as well as the horizontal on the last Chikou bump(dip) its time to enter.
You can do the same with only the Chikou and price on the chart.
In effect you only need the Chikou or 1ma(-26) on the chart to be able to trade effectively.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpychikou.gif Size: 31 KB
  • #13,094
  • May 3, 2010 5:01pm May 3, 2010 5:01pm
Quoting fxripper
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
thanks man
i've tried it & it works http://cdn.forexfactory.com/images/icons/icon14.gif
  • #13,095
  • May 3, 2010 9:27pm May 3, 2010 9:27pm
Fat kumo and thin kumo - what is the difference ??
  • #13,096
  • May 4, 2010 1:10am May 4, 2010 1:10am
Quoting webforex
Fat kumo and thin kumo - what is the difference ??
Fat kumo meens fat support or resistance and thin kumo vice versa
Do what you want, but do it in love
  • #13,097
  • May 4, 2010 1:55am May 4, 2010 1:55am
Hi Kinko,

Could you please give another example showing where you place the horizontal line for an entry?

Thanks,

Herty
  • #13,098
  • May 4, 2010 2:26am May 4, 2010 2:26am
Quoting herty
Hi Kinko,

Could you please give another example showing where you place the horizontal line for an entry?

Thanks,

Herty
Attached EURUSD 5m
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5m.gif Size: 33 KB
  • #13,099
  • May 4, 2010 2:35am May 4, 2010 2:35am
Quoting herty
Hi Kinko,

Could you please give another example showing where you place the horizontal line for an entry?

Thanks,

Herty
And the USDJPY 5m
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 30 KB
  • #13,100
  • May 4, 2010 2:43am May 4, 2010 2:43am
Thank you very much Kinko
Herty
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