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Ichimoku forever

  • #13,361
  • May 13, 2010 6:29am May 13, 2010 6:29am
EURUSD 5M
Sometimes you loose -this time 30 pips. Stop loss at the previous high but it went the spread higher.
I could have had a larger stop loss but hey - cannot risk more than that.
Attached Image (click to enlarge)
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  • #13,362
  • May 13, 2010 6:33am May 13, 2010 6:33am
Quoting Kinko
USDJPY 5 M

And another one bites the dust - this time for 18 pips.
Hi Kinko,

Why you not entry after the price just broke the 200sma and cloud on 93.130? or on the 2nd candle after that around 93.120?
  • #13,363
  • May 13, 2010 6:34am May 13, 2010 6:34am
Kinko

PINK color line on your chart is KS line ?

you enter trade when SMA 200 cross pink KS line ?

previous you did not use ks line , just SMA 200 above or below the cloud

BTW : how you get alerted when price breaks cloud ??

many thanks
  • #13,364
  • May 13, 2010 7:17am May 13, 2010 7:17am
Quoting a2xm
Hi Kinko,

Why you not entry after the price just broke the 200sma and cloud on 93.130? or on the 2nd candle after that around 93.120?
At the time of the break I was busy with the break in the 15M GBPUSD. I only noticed later and then waited for the right time to enter.
  • #13,365
  • May 13, 2010 7:38am May 13, 2010 7:38am
Quoting webforex
Kinko

PINK color line on your chart is KS line ?

you enter trade when SMA 200 cross pink KS line ?

previous you did not use ks line , just SMA 200 above or below the cloud

BTW : how you get alerted when price breaks cloud ??

many thanks
Yes the Magenta line is the KS line.
I look for an opportunity to enter once I have a break of the two lines.
Not trade with every cross. Sometimes it crosses for only a little and then recross to act as a bounce.
KS is an essential part of Ichi and I only highlight it more to easily spot a trading opportunity.
I have the chart open all the time and when I have a potential cross or bounce I am on duty until I am in a trade.
  • #13,366
  • May 13, 2010 7:42am May 13, 2010 7:42am
Quoting Kinko
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
I believe that the blue arrow signs 4 ur entry point.
May i ask what was the reason 4 entering in that exact point? (coz the bouncing occured much later...)
  • #13,367
  • May 13, 2010 8:02am May 13, 2010 8:02am
Quoting Kinko
Yes the Magenta line is the KS line.
I look for an opportunity to enter once I have a break of the two lines.
Not trade with every cross. Sometimes it crosses for only a little and then recross to act as a bounce.
KS is an essential part of Ichi and I only highlight it more to easily spot a trading opportunity.
I have the chart open all the time and when I have a potential cross or bounce I am on duty until I am in a trade.

So you do not wait for the candle to leave the cloud now then kinko?
  • #13,368
  • May 13, 2010 8:03am May 13, 2010 8:03am
Hi Kinko,

why you enter this position? it has not break the chikou cloud.

btw, your work really impress me, I learn a lot from your style.

Quoting Kinko
EURUSD 5M
Sometimes you loose -this time 30 pips. Stop loss at the previous high but it went the spread higher.
I could have had a larger stop loss but hey - cannot risk more than that.
  • #13,369
  • May 13, 2010 8:06am May 13, 2010 8:06am
OK now two more trades - EURUSD and GBPUSD adding 25 and 56 pips
I used the 5M charts and from them it was clear that we had a Kijun-200SMA cross. I waited on the 1M charts and when I had a bounce down from them I entered. Target on the GBPUSD was the 1HR resistance level and I closed the EURUSD when I closed the other trade.
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  • #13,370
  • May 13, 2010 8:09am May 13, 2010 8:09am
Quoting 4xAddict
USDCAD Sell trade UPDATE
SL now move down to 1.0165 (lock in 110 pips)
OK we are no stopped out at 1.0165 on the second half clearing 110pips on this trade.

Well done to everyone who took this trade.

Cheers,

4x.
  • #13,371
  • Edited 10:01am May 13, 2010 8:25am | Edited 10:01am
Quoting eranzusman
I believe that the blue arrow signs 4 ur entry point.
May i ask what was the reason 4 entering in that exact point? (coz the bouncing occured much later...)
I have three trades an that image
(The entry and exit points when you highlight and drag the transaction in your account history onto the chart while keeping the left button down - blue for a buy -red for sell and orange for exit and a connecting line between entry and exit)

The first was a buy that was taken on a 5M chart and reported at http://www.forexfactory.com/showpost...ostcount=13347
The second entry was taken when I noticed the break on the 15 M chart when I changed from the 5M to the 15 M. I immediately entered(bottom red arrow) and then the price retraced 13 pips to the breakout level and I then did the second entry(top red arrow). Price moved down and I closed both transactions at the same time(one after the other)
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  • #13,372
  • May 13, 2010 8:26am May 13, 2010 8:26am
Thanks mate, got it. Well done.

Quoting Kinko
OK now two more trades - EURUSD and GBPUSD adding 25 and 56 pips
I used the 5M charts and from them it was clear that we had a Kijun-200SMA cross. I waited on the 1M charts and when I had a bounce down from them I entered. Target on the GBPUSD was the 1HR resistance level and I closed the EURUSD when I closed the other trade.
  • #13,373
  • May 13, 2010 8:57am May 13, 2010 8:57am
Quoting puntalara
So you do not wait for the candle to leave the cloud now then kinko?
It all depends on the situation. When you have a long flat Kijun and 200SMA, I go for a direct cloud break and also when I go for Kijun - 200 SMA bounce. When there is a more vertical cross of the two lines - go for the lower timeframe and enter from a bounce.
  • #13,374
  • May 13, 2010 10:07am May 13, 2010 10:07am
Thanks - just took a sell on the 1min usdjpy
  • #13,375
  • May 13, 2010 10:39am May 13, 2010 10:39am
AUDUSD 5M

When the first kijun-20 SMA cross at A did not convincingly broke the CCI200 level of -50 I waited and with the cross at B it broke the 50 level of the CCI200
Now effectively a Kijun rebound from the 200SMA. Waited for the retrace to break the cloud - entered and exit with 18 pip gain.
Attached Image (click to enlarge)
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  • #13,376
  • May 13, 2010 1:57pm May 13, 2010 1:57pm
Quoting Kinko
AUDUSD 5M

When the first kijun-20 SMA cross at A did not convincingly broke the CCI200 level of -50 I waited and with the cross at B it broke the 50 level of the CCI200
Now effectively a Kijun rebound from the 200SMA. Waited for the retrace to break the cloud - entered and exit with 18 pip gain.
cci is a great stuff eyh? hehe
  • #13,377
  • May 13, 2010 3:06pm May 13, 2010 3:06pm
Hi Everyone, Why market is not moving today? almost all pairs are in a very tight range. do you agree?
  • #13,378
  • May 13, 2010 3:09pm May 13, 2010 3:09pm
Quoting soheil
Hi Everyone, Why market is not moving today? almost all pairs are in a very tight range. do you agree?
Hi Soheil,

Most of Northern Europe was on holidays (Germany, Austria, Switzerland, Sweden, Norway, Finland, Iceland).

No volume and horrible price action for most of the day - well done to anyone who made good pips today!!

Cheers,

4x.
  • #13,379
  • May 13, 2010 3:35pm May 13, 2010 3:35pm
Quoting 4xAddict
Hi Soheil,

Most of Northern Europe was on holidays (Germany, Austria, Switzerland, Sweden, Norway, Finland, Iceland).

No volume and horrible price action for most of the day - well done to anyone who made good pips today!!

Cheers,

4x.
Great Thanks.
  • #13,380
  • May 13, 2010 5:40pm May 13, 2010 5:40pm
Quoting legalindo
USD/CHF-H1-Long @ 1.1131
Close: + 45 pips
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