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Ichimoku forever

  • #13,341
  • May 12, 2010 11:56am May 12, 2010 11:56am
5 M charts
The cross of the Kijun and the 200SMA in most cases will tend to give a nice pip gain. Also when the Kijun only touches or come close to the 20 SMA and then moves away will shower you with pips.
We need all the help we can get to increase our bank accounts.
See the images below
Attached Image(s) (click to enlarge)
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  • #13,342
  • May 12, 2010 1:23pm May 12, 2010 1:23pm
1 M charts

Streaming pips to your bank account with the movement of the Kijun away from the 200 SMA
Attached Image (click to enlarge)
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  • #13,343
  • May 13, 2010 12:23am May 13, 2010 12:23am
Quoting Kinko
1 M charts

Streaming pips to your bank account with the movement of the Kijun away from the 200 SMA
Hi Kinko,

Can we use this method on M15 as well?
  • #13,344
  • May 13, 2010 1:07am May 13, 2010 1:07am
Hi Everyone,

USDCAD short is about to hit TP1. Once this is hit, move SL on the other half of the position to 1.0185 and I will update SL progress as the day progresses.

Given how slowly the market has been moving the past few days it may take another 24 hours for us to hit TP2 however we should make it before the weekend.

Cheers,

4x.

Quoting 4xAddict
Hi All,

currently entered this trade

SELL - USDCAD at market (1.0195)
TP 1.0115
SL 1.0260

R:R ratio is jsut over 1:1 which is good.

Take half off at TP1 and move SL to B/E and then trail USDCAD price action at 30min KS taking TP2 at 1.0085

Cheers,

4x.
  • #13,345
  • May 13, 2010 1:27am May 13, 2010 1:27am
Hi Everyone,

There is a nice looking 4hr buy setup about to break on the NZDUSD in the next couple of hours.

Details below:

NZDUSD - BUY
Entry - above 71.50 once current 4hr candle closes
SL - 71.00
TP1 - 72.95
TP2 - 74.25

R:R ratio on this trade is really good. Risking 100 pips (2 x 50 pip half size positions) : Potential Profit (1 x 130 pips (assuming entry below 71.65) and 1 x 260 pips)

Remember that the market volumes are a little low today with many European countries having a holiday however the markets are still open.

All NZD news risk has passed until this evening when retail sales data comes in which is expected to be good. During the day our position is therefore only exposed to USD event risk. I would expect this trade to complete by lunch time Friday.

Good luck

4x.
  • #13,346
  • May 13, 2010 1:30am May 13, 2010 1:30am
Quoting a2xm
Hi Kinko,

Can we use this method on M15 as well?
Yes I think so. When the kijun and the 200sma run parallel and horisontal the break can be to the upside or the downside so be careful with fake breakouts.
Attached Image (click to enlarge)
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  • #13,347
  • May 13, 2010 2:14am May 13, 2010 2:14am
Two of the latest victims - each gave up 30 pips when I confronted them.
The GBPUSD had a Kijun 200SMA cross and the USDJPY had a kijun bounce from the 200 SMA
Attached Image(s) (click to enlarge)
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  • #13,348
  • May 13, 2010 2:19am May 13, 2010 2:19am
Quoting 4xAddict
Hi Everyone,

USDCAD short is about to hit TP1. Once this is hit, move SL on the other half of the position to 1.0185 and I will update SL progress as the day progresses.

Given how slowly the market has been moving the past few days it may take another 24 hours for us to hit TP2 however we should make it before the weekend.

Cheers,

4x.
OK TP1 is now hit, we will target 1.0050 for TP2 and SL is now at 1.0175 (locked in 100 pips)
  • #13,349
  • May 13, 2010 2:19am May 13, 2010 2:19am
Quoting Kinko
Two of the latest victims - each gave up 30 pips when I confronted them.
The GBPUSD had a Kijun 200SMA cross and the USDJPY had a kijun bounce from the 200 SMA
Hey Kinko

Do you check the higher TF for this method or is it just pure 5m

Also could you list the details of the SMA

Im going to try this method today, I just need to know exactly how to set up the chart.

Thanks man
  • #13,350
  • May 13, 2010 2:21am May 13, 2010 2:21am
Quoting Kinko
Two of the latest victims - each gave up 30 pips when I confronted them.
The GBPUSD had a Kijun 200SMA cross and the USDJPY had a kijun bounce from the 200 SMA
Nice trades Kinko, you certainly have this extended cloud working

Also, makes the thread look brighter It's like ichi + street art = green pips

Keep up the great work mate, the teaching and assistance you are giving people here is really appreciated.

Cheers

4x.
  • #13,351
  • May 13, 2010 2:22am May 13, 2010 2:22am
I could only squeeze 12 pips from the EURUSD 5m after a Kijun 200SMA cross.
Attached Image (click to enlarge)
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  • #13,352
  • May 13, 2010 2:39am May 13, 2010 2:39am
Hello,

Your method seems quite interesting Kinko, do you mainly use bounces and crosses between the 26 Kijun and the 200 SMA?
Sorry if you already explained it earlier...!
  • #13,353
  • May 13, 2010 2:43am May 13, 2010 2:43am
Quoting ichidakiller
Hey Kinko

Do you check the higher TF for this method or is it just pure 5m

Also could you list the details of the SMA

Im going to try this method today, I just need to know exactly how to set up the chart.

Thanks man
Yes I keep an eye on all the higher timeframes but the main one is still the 5m chart. I posted the template at http://www.forexfactory.com/showpost...ostcount=13268
Add the ichi chart(it is not included in the template) and change all the colours of the ichi chart except the kijun no "none" and you can highlight the 200 SMA (it is included in the template)
Play around with it and backtest visually to get the feel of the chart.
  • #13,354
  • May 13, 2010 2:45am May 13, 2010 2:45am
Quoting 4xAddict
OK TP1 is now hit, we will target 1.0050 for TP2 and SL is now at 1.0175 (locked in 100 pips)

Hi 4x,

You got an excellent trade with USD/CAD.

Thanks 4x.

Cheers,
FB.
  • #13,355
  • May 13, 2010 2:48am May 13, 2010 2:48am
Quoting DhaoS
Hello,

Your method seems quite interesting Kinko, do you mainly use bounces and crosses between the 26 Kijun and the 200 SMA?
Sorry if you already explained it earlier...!
Yes I only trade after a bounce or after a cross.
But once you see a high peak or a low trough on the 5m that you suspect cannot go any futher you can switch to the 1m chart and then trade with the 1m until its time for the 5m to take over.
  • #13,356
  • May 13, 2010 3:33am May 13, 2010 3:33am
Thanks for the answer !
  • #13,357
  • Edited 4:10am May 13, 2010 3:55am | Edited 4:10am
15M GBPUSD

It is working on the 15M as well. Kijun bounce from the 200SMA
Entered two trades in and out(at same time) for 29 and 15 pips

Edit: In retrospect - Out way to early - should have had a look at the 1HR chart for the resistance level at 1.47530
Attached Image (click to enlarge)
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  • #13,358
  • May 13, 2010 4:06am May 13, 2010 4:06am
looks like eurusd and gbpusd moves in the same way. tp hit for 90 pips. right on H1 kijun sen.
Attached Image (click to enlarge)
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  • #13,359
  • May 13, 2010 4:16am May 13, 2010 4:16am
Quoting 4xAddict
OK TP1 is now hit, we will target 1.0050 for TP2 and SL is now at 1.0175 (locked in 100 pips)
USDCAD Sell trade UPDATE
SL now move down to 1.0165 (lock in 110 pips)
  • #13,360
  • May 13, 2010 6:14am May 13, 2010 6:14am
USDJPY 5 M

And another one bites the dust - this time for 18 pips.
Attached Image (click to enlarge)
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