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Ichimoku forever

  • #13,121
  • May 4, 2010 12:02pm May 4, 2010 12:02pm
Hi All,

Apologies, I forgot to hit send on my other trade entry for today.

It's a long GBP/CHF.

Entry was at 1.6630 however entry on a retrace back around 1.6635-1.3345 is still OK.

SL is 1.6580 are so risking 50 pips with the target at 1.6750 and 1.6840.

Cheers,

4x.
  • #13,122
  • May 4, 2010 12:34pm May 4, 2010 12:34pm
Quoting Paulus
Hi

USDJPY just fell from the cloud at 7am this morning and never really retraced enough for me to trigger an entry
USDJPY rallied some what into the cloud and I took a short which lost me 10 pips shorted with another signal at 94.51 and still short as per usual entry 5min will exit on the 15min

P
  • #13,123
  • May 4, 2010 1:01pm May 4, 2010 1:01pm
Quoting webforex
In effect you only need the Chikou or 1ma(-26) on the chart to be able to trade effectively.

>> kinko

can you explain above ?

how to get 1ma ( -26) ?

your horizontal line chikou breakout good for what timeframe ?

many thanks
To get 1ma (-26)

In the Navigator window of Metatrader select "Moving Average"
A new window will appear
Period: 1 Shift: -26
MA Method : Simple
Apply to: Close
Select the colour
Click OK

Chikou breakout fine in any timeframe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1ma.gif Size: 140 KB
Click to Enlarge Name: 1ma-eurusd.gif Size: 23 KB
  • #13,124
  • May 4, 2010 1:05pm May 4, 2010 1:05pm
nz/jpy 1 hour kumo breakout

real or fake ?

how to see ?
  • #13,125
  • May 4, 2010 1:28pm May 4, 2010 1:28pm
Quoting Kinko
Add the ichi chart to make more sense
Very clever ideas, Kinko. Thanks.
Pardy
  • #13,126
  • May 4, 2010 1:31pm May 4, 2010 1:31pm
To simplify the lot only draw the chikou but this time in the future from +14 to +40 (or the 1MA shift from +14 to +40)

>>>> kinko

above means draw 2 SMA1 lines ?

one with shfit 14 the other with shift 40 ?

can you show E/G 1 hour breakout ??

E/G last 3 or 4 breakout all fake , only yesterday breakout is real
  • #13,127
  • May 4, 2010 2:00pm May 4, 2010 2:00pm
Quoting webforex
nz/jpy 1 hour kumo breakout

real or fake ?

how to see ?
I think its real with targets below
200 MA in white added
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyh1.gif Size: 35 KB
  • #13,128
  • May 4, 2010 2:09pm May 4, 2010 2:09pm
Quoting soheil
Hi Everyone.
Shorted 0.1 lot EURUSD at 1.30907 stop loss at 1.31817. entry time frame was H1.
if you want to grade this trade in ABC scale what would be this trade grade?
I think this is a B trade.
Comments are appreciated.
Locked in 55. moved stop to 1.3036
Price is at 1.3012 now.
Should i close the position now? we are at a strong number "1.30000" what are the chances that price break through this level?
  • #13,129
  • May 4, 2010 2:11pm May 4, 2010 2:11pm
Quoting webforex
To simplify the lot only draw the chikou but this time in the future from +14 to +40 (or the 1MA shift from +14 to +40)

>>>> kinko

above means draw 2 SMA1 lines ?

one with shfit 14 the other with shift 40 ?

can you show E/G 1 hour breakout ??

E/G last 3 or 4 breakout all fake , only yesterday breakout is real
No, draw 27 SMA1 lines each with different shift to form a cloud

See the attached image
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbph1.gif Size: 37 KB
  • #13,130
  • May 4, 2010 2:41pm May 4, 2010 2:41pm
Quoting soheil
Locked in 55. moved stop to 1.3036
Price is at 1.3012 now.
Should i close the position now? we are at a strong number "1.30000" what are the chances that price break through this level?

Daily chart may be of help here - but nobody can do any predictions.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.gif Size: 39 KB
  • #13,131
  • May 4, 2010 2:59pm May 4, 2010 2:59pm
Quoting Kinko
Daily chart may be of help here - but nobody can do any predictions.

Thanks Kinko. let's see how far we can ride this trade.
  • #13,132
  • May 4, 2010 4:01pm May 4, 2010 4:01pm
Quoting Paulus
USDJPY rallied some what into the cloud and I took a short which lost me 10 pips shorted with another signal at 94.51 and still short as per usual entry 5min will exit on the 15min

P
closed for 15 pips
  • #13,133
  • May 4, 2010 5:34pm May 4, 2010 5:34pm
Quoting soheil
Thanks Kinko. let's see how far we can ride this trade.
Stopped out with 107 Pips profit for today. the only reason for exiting the trade was due to the fact that price was at a very important level since Apr 2009. otherwise all Ichimoku lines shout short.
Point is i am not comfortable leaving money on the table. I know if i move my stop above the cloud or even above the KJ i can stay in a trade for a longer period and bigger profits but when the psychology kicks in, i cant help it. i closed the position at 1.2985.

Cheers
  • #13,134
  • Edited 9:43pm May 4, 2010 8:08pm | Edited 9:43pm
kinko

1ma 14-40 wave :

SMA 200 for what use ?

if price below SMA 200 we ONLY SELL , above SMA 200 we ONLY BUY ??

stop loss use what value ??

many thanks for your sharing

looks good on 1 hour TF ??
  • #13,135
  • May 4, 2010 10:31pm May 4, 2010 10:31pm
Quoting webforex
nz/jpy 1 hour kumo breakout

real or fake ?

how to see ?
Watch out the level of 68.45. If a candle closes above this level, you can take a long position. On this level, it will cross kumo of M15 chart.

There is also inverted kumo on M30 chart, which will attract price upwards.

Regards
  • #13,136
  • May 4, 2010 11:34pm May 4, 2010 11:34pm
Quoting Paulus
dont see why not

here is same trade on 15min top 60 min below

P

Hey paulus
I've just seen ur charts and must say that your method seems very interesting.
just wondered how did u plot both the M15 & the 1H charts on the same screen? and i assume that the red and white candle colours are taken from the HA or is it red for a bearish candle and white for a long one. (am i right?)
I'm very interested in this method of yours. can u please post your template??
many green pips to u and thanks in advance http://cdn.forexfactory.com/images/icons/icon7.gif
  • #13,137
  • May 5, 2010 12:12am May 5, 2010 12:12am
Quoting webforex
kinko

1ma 14-40 wave :

SMA 200 for what use ?

if price below SMA 200 we ONLY SELL , above SMA 200 we ONLY BUY ??

stop loss use what value ??

many thanks for your sharing

looks good on 1 hour TF ??
See the image below for the reason of the inclusion of the 200 SMA with the chikou cloud - and the stop loss level.
Attached Image (click to enlarge)
Click to Enlarge Name: 200sma.gif Size: 34 KB
  • #13,138
  • May 5, 2010 12:28am May 5, 2010 12:28am
kinko

Many thanks . I got a clearer picture now.

looks like if price breakout is below cloud and below SMA 200 , then we
go short.

vice versa.

when to exit / take profit ?

use another indicator for exit ok ? like MACD / RSI ??

is this same method / same results as the other one using trendlines/ chinkou bumps and dips ??

I find drawing trendlines and looking for dips and bumps a bit difficult
and subjective.
  • #13,139
  • May 5, 2010 12:51am May 5, 2010 12:51am
Quoting webforex
kinko

Many thanks . I got a clearer picture now.

looks like if price breakout is below cloud and below SMA 200 , then we
go short.

vice versa.

when to exit / take profit ?

use another indicator for exit ok ? like MACD / RSI ??

is this same method / same results as the other one using trendlines/ chinkou bumps and dips ??

I find drawing trendlines and looking for dips and bumps a bit difficult
and subjective.
The Ichi cloud break(all ichi lines moving in same direction at same time), the trendlines with the chikou and the use of the Chikou cloud will all have the same results.

See the image below - same as the previous one with the Ichi added.

When to exit
Fixed amount of pips
When the Tenkan turns around
When Kijun turns around
When the cloud makes a twist
Follow the Tenkan flats
Follow the Kijun flats
Follow the cloud flats
I think its a personal choice.
Attached Image (click to enlarge)
Click to Enlarge Name: 200sma-ichi.gif Size: 33 KB
  • #13,140
  • May 5, 2010 2:10am May 5, 2010 2:10am
Good Morning Boys!

What do you think about this:


EURUSD - M15

(small..) LONG 1.2998
STOPLOSS @ 1.2965
FIRST TARGET @ 1.3018 (20 PIPS)
SECOND TARGET @ 1.3064 (AROUND THE H4 KIJUN RESISTANCE)

Comment & Motivation:

The EUR is very Oversold and a retrace on the Higher TF can be expected. This is a counter trend trade (so it is very risk..) but it can be profitable.
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