Ichimoku forever

Hi,

Just re-install FxPro MT4 demo.

Wonder can anyone advise on how to configure FxPro's MT4 to show GMT time that corresponds with London time ??

This means like a Daily bar on FxPro should be the same as London's Daily bar.
I have checked on MT4 help but could not info on doing this.

Note I sometimes mixed up what is GMT time mean for London or other countries, so need help on what is GMT for London as well.

The purpose is also to utilise any pivot indicator that can based on London's time.

Thanks in advance.

Cheers,
FB.

Hi Everyone,

I have an idea for you all that I would like to get you feedback on?

Because we all live in the best thread on FF I would like to propose a little bit of housekeeping or "spring cleaning" to keep things as clear and simple for new members as possible.

Because we now have a few different versions of the ichimoku system being traded along with the original longer TF method I would like to get an ichiwiki style PDF for each method being taught on here. They don't have to be extensive just a simple explanation of how your own system works along with a few pics for explanation (you guys have no doubt already posted many of these already)

This would allow any new members to have a quick reference tool that allows them to read up on the logic behind each trade which will have 2 major benefits:

1. We won't need to have continual questions regarding how things work
2. Less How TO questions will make the thread easier to read and keep it focused on actual entry and exits of trades or discussions of new concepts or changes being tested on out existing setups which is where we make the most progress as traders

I know this would mean a bit of extra work in the short term from some of us but it will be really great for our thread - (Paulus and Kinko - you guys come immediately to mind given the great work you have been doing for people on scalping and shorter term setups lately). Also some brief written instructions for how to use / setup the indicators required for each method and also for the monitoring indicators that people have created such as Karmakey's great new Infopanel.

I can then create an info post that we can direct people too similar to Vic's original front page and it will keep us a little more organised and professional.

This would then allow us to have a category label on each post that we make so that people know what is going on more easily. For example "This trade uses 4hr TF kumo break method" or "This trade uses Paulus method" being written at the beginning of each post. I know it may seem tedious however it allows people to search by user ID and also by text to list all posts by a certain user so they can keep track of open trades more easily.

Anyway, looking forward to your thoughts.

Cheers,

4x.

Hey Ellie,

Which TF are you watching the KS on?

Hi 4x,

This is a great idea.
Just realised no more document on front page.

Recall that vic_elc mentioned a while back he was working on a PDF, if he has it, perhaps he can post first.
Then it becomes easier for other members to add on and edit with one person(vic_elc or 4xAddict) in control of the document, rather than start document from scratch.

Cheers,
FB.

morning 4xAddict

both EURUSD and EURNZD on 1H using Ks with EU but spooked with the EN as not sure best way to proceed

Any guidance would be much appreciated

thats a very great idea, it save times for newbie like me..which i have to go through from 1st page till the end...am currently on page68..kinda tiring though..

great idea 4xAddict
it will be more easy

Check out the 4hr KS and note how many times it has been crossed by the PA in the last 3 weeks. I would trail this + 10 pip buffer if you want to hold this for a few weeks.

But if you are wanting to lock in more pips then maybe trail on 1hr and trail either the KS or the nearest weekly pivot point level + buffer. This will keep you a bit closer to the PA.

Note that the KS is pretty flat at the moment on the 1hr and 4hr charts and these normally attract price action so you could be looking at a short term pullback but I doubt it will break the 4hr KS.

4x.

Thank you 4X. So to clarify with EURNZD use the 4H Ks level + buffer (17900 atm) on the 1H trade I'm on


EURUSD trail Ks from the 1H TF as hasn't been broken yet

OK sounds good to me if I understand it correctly

Much appreciated

FxAddict,

Thank you for all that you contribute to all of us newbies here.

I have a question. I am looking to get 30 to 40 pips on a trade. Which is the best time frame to identify trades.

Alos in the case of a bullish cross the TS crosses the KS from below ,does the Chikou simultaneously have to cross these lines at the same time for a valid trade?

Hi,

Just wanted to see what you guys thoughts may be on what effect the results of the UK election may have on Cable over next 24hrs as results come in.

I would think that a hung parliament will put a lot of pressure on for a further fall down to previous lows of 1.48 and beyond, while a Conservative Majority should support a recovery back to around 1.55 levels.

Plus daily TF is just coming out of the bottom of the KUMO

May be a good opportunity here.

Regards

Hi everyone.
Shorted EURUSD last night 11PM PST at 1.2783. locked in +50. price is at Weekly S3 "Pivot level"

today's trade. total of +97. yeay! that ichi + cci thingy seems to work. at least, so far. haha

Stopped out. +50

Hi Rafiki,

I do not think that it is imperative for the CS to cross these lines at the same time. Generally the CS is a supporting indicator that adds strength to a move when it

1. Crosses above the price action (in a bull/long position) or crosses below the price action (in a bear/short position
2. Further when the CS crosses above or below the kumo and breaks out in the same direction as the price action this can indicate that the move is getting stronger.

To make 30-40 pips per trade then I would suggest trading a TF that allows you to have SLs placed on average 30 pips or less from your entry point to ensure that you keep a risk reward ratio that is better than 1:1.

To do this then you would likely need to be trading the 15min or 30 min TF and looking for entry signals on the 5min TF to ensure that you get the SL as close as possible. You should maybe speak with Paulus or Kinko. Both of these guys are trading a lot at the moment on these lower TFs and should be able to assist you. Their methods are specialised short term applications of ichimoku and seem to be showing good results.

They are friendly guys and are great helping new traders out to learn the ropes.

Apologies I can't help more but I just don't trade anything below the 30min TF and only trade this TF rarely.

Cheers.

4x.

4xAddict,

Thank you, you have given me the info I was looking for. Now to put it into practice.

I will contact Kinko or Paulus later. I still have not been able to install the Ichi indicator but for now I can live without it.

Hello,

I have just shorted this pair at 6522 , looks like a trade. Please comment

Thank you.

Close: + 150 pips

Member Since Dec 2006
82 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by legalindo http://cdn.forexfactory.com/images/buttons/viewpost.gif
GBP/[email protected]

Close: + 150 pips


Legalindo does it again. Good work mate. So you are done for the day?

Wd on the positive pips today

I will put some thing together in pdf re the 5min trading of this then if any one wants they can take a look.

Seems a very good idea to be bale to see other ways of using this in the comfort of your own arm chair

Good day so far today

EURUSD +24+42 and short from 1.2728 ( currently up 55)
GBPUSD -28 and short from 1.5030 ( currently up 179 )
USDCHF +20 and flat at mo
USDJPY +7-18 and short from 93.54 ( currently up 139)

P