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Ichimoku forever

  • #13,421
  • May 18, 2010 12:05pm May 18, 2010 12:05pm
Quoting a2xm
Hi fxripper,

What indi is that on the bottom? DiDi Index? how do you use it with ichi? is it including in the MT4? if not could you share it?

Thanks..
hey. i just use it to determine re entry point. when the red crosses up it's bearish and vice versa. it also gives a few ways to exit.

1. exit at the next cross
2. exit when blue crosses 0. (if u r shorting)
Attached File(s)
File Type: mq4 DiDi Index.mq4   2 KB | 620 downloads
  • #13,422
  • May 18, 2010 12:25pm May 18, 2010 12:25pm
Quoting fxripper
hi guys! aww, why isnt it noisy in here? cmon ichi lovers, make some noise yaw. hehe. anyway, i've been long yesterday and today and now, I'm short but the real move might be seen when the m15 future kumo breaks the H1 kumo.
trailing stops hit. 115 pips for today. wee! ZZz. good luck guys
  • #13,423
  • Edited 4:36pm May 18, 2010 4:26pm | Edited 4:36pm
Hi Evey one.
Entered USDCHF long at 1.14056, locked in 47 Pips so far. I am trailing my stop using 1Hr Heiken ashi candles.
try to add to the position if 1.1520 is compromised.
Attached Image (click to enlarge)
Click to Enlarge Name: H1.jpg Size: 156 KB
  • #13,424
  • May 18, 2010 6:59pm May 18, 2010 6:59pm
Quoting soheil
Hi Evey one.
Entered USDCHF long at 1.14056, locked in 47 Pips so far. I am trailing my stop using 1Hr Heiken ashi candles.
try to add to the position if 1.1520 is compromised.
Stopped out. i was moving my stop with heiken ashi and i was stopped out at 1.1485.
  • #13,425
  • May 19, 2010 2:43am May 19, 2010 2:43am
Quoting fxripper
hey. i just use it to determine re entry point. when the red crosses up it's bearish and vice versa. it also gives a few ways to exit.

1. exit at the next cross
2. exit when blue crosses 0. (if u r shorting)
Hi

Can you please explain briefly this indie. ALso is it used just for EUR/USD or for all the pairs?

Thanks mate.
  • #13,426
  • May 19, 2010 9:10am May 19, 2010 9:10am
Anybody interested in Gold - price has just busted through 4h cloud. For longs looking for support at arround 1187 the lower pitchfork support level - a breach of this and the uptrend is broken. Could be all over, gold bugs you may be buggered which would bring a smile to my face but let's see
  • #13,427
  • May 19, 2010 9:28am May 19, 2010 9:28am
wow, take all chances to sharpen your weapon, good luck, and looking forward to seeing your trade and improved system.

Quoting Paulus
Hi Im still here but on the side lines,I have several things on the go atm

My lasr trade was a short on eurusd which closed for +23 and was taken 24 x 5mins ago from the time of this post..Ive had several signals

My aim on any type of system is to try and move to the perfect min 3:1 RR Im working on sucha project now which takes time and leaves little time for posting,....I have mad days where I just have to get down my ideas


P
  • #13,428
  • May 19, 2010 2:01pm May 19, 2010 2:01pm
Chikou or 1 SMA or SR cloud break

OK I added two more items to try and improve the success rate of the chikou cloud break and cut down on fake breakouts.
3. 200 SMA must be sloping in the direction of the trade or be horizontal.
4. Kijun line must move in the direction of the trade at cloud break - not flat.

How to create a future Chikou or 1 SMA cloud

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

Repeat the above process. Increase the shift with 1 until you have 40 or 50
A future Chikou or 1 SMA cloud will be in front of the price.

Rules of the trade

(For a short or sell)
1. Wait for the bar to close below the cloud
2. CCI (200) must be below -50
3. 200 SMA must be sloping in the direction of the trade or be horizontal
4. Kijun line must move in the direction of the trade at cloud break - not flat
5. Enter with the initial stoploss above the cloud

(For a long or buy)
1. Wait for the bar to close above the cloud
2. CCI (200) must be above +50
3. 200 SMA must be sloping in the direction of the trade or be horizontal
4. Kijun line must move in the direction of the trade at cloud break - not flat
5. Enter with the initial stop loss below the cloud

Stop loss strategy will depend on your exit strategy

Exit strategy
1. Fixed number of pips (every pair will differ on the number of pips they will give freely).
2. Wait for the tenkan to turn around.
3. Wait for the kijun to turn around.
4. Draw trend lines on the chikou and when you have a trend line break you exit.
5. Use the steps or flat areas on the cloud (in the past) for target prices.

Always keep an eye on the higher time frames - you may be on a wave that will take you to hundreds of pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: howtocreate1smacloud.gif Size: 164 KB
Click to Enlarge Name: rules.gif Size: 74 KB
Attached File(s)
File Type: tpl chikou-cloud-red.tpl   9 KB | 573 downloads
  • #13,429
  • May 19, 2010 4:09pm May 19, 2010 4:09pm
Quoting Kinko
Chikou or 1 SMA or SR cloud break

OK I added two more items to try and improve the success rate of the chikou cloud break and cut down on fake breakouts.
3. 200 SMA must be sloping in the direction of the trade or be horizontal.
4. Kijun line must move in the direction of the trade at cloud break - not flat.

How to create a future Chikou or 1 SMA cloud

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

Repeat the above process....
kinko
I think that this method of yours is absolutely great and helps me a lot in my trading.
i just wish that there was a way to make an alert or some kind of a pop up window that could indicate whenever there was a start of a signal that combines all the conditions that u mentioned/
What do u say? Do u think this is possible?
anyway thanks a lot for sharing all this knowledge of yours.
it surely helps us all
many green pips 2 u http://cdn.forexfactory.com/images/icons/icon7.gif
  • #13,430
  • May 20, 2010 12:48am May 20, 2010 12:48am
Quoting eranzusman
kinko
I think that this method of yours is absolutely great and helps me a lot in my trading.
i just wish that there was a way to make an alert or some kind of a pop up window that could indicate whenever there was a start of a signal that combines all the conditions that u mentioned/
What do u say? Do u think this is possible?
anyway thanks a lot for sharing all this knowledge of yours.
it surely helps us all
many green pips 2 u http://cdn.forexfactory.com/images/icons/icon7.gif
There already is one. The Ichi cloud break. When you have a cloud break in a certain timeframe say the H1, go to the lower timeframe the 15M or 5M and wait for the price to approach the 1 SMA cloud break.

See the ichi cloud break on the AUDUSD 15M and wait for for all the conditions in the 5 M - the vertical red line where the break of the 1SMA cloud was in the 5M
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd15m.gif Size: 71 KB
Click to Enlarge Name: audusd5m.gif Size: 60 KB
  • #13,431
  • Edited 1:29am May 20, 2010 12:56am | Edited 1:29am
kinko

the indicator you mention here for cloud break is for the original ichi cloud
, the other FF member mentioned about chikou cloud break indicator ?

same function use ?
  • #13,432
  • May 20, 2010 1:08am May 20, 2010 1:08am
Quoting webforex
kinko

the indicator you mention here for cloud break is for the original ichi cloud
, the other FF member mentioned about chikou cloud break indicator ?

same function use ?
No as far as I know there is no chikou cloud break indicator - maybe someone else with programming skills can help us out here. But in the mean time we can use the ichi cloud break indicator in the higher timeframe and wait for the conditions to be met in the lower timeframe.
  • #13,433
  • May 20, 2010 1:30am May 20, 2010 1:30am
>>>Use the steps or flat areas on the cloud (in the past) for target prices.

kinko


I thought you mentioned the flat cloud on the right side of the price candle is for target price ??

flat cloud on left is for support/resistance ?

can show some pics ?
  • #13,434
  • May 20, 2010 1:52am May 20, 2010 1:52am
Hi Fxripper,

Nice strategy using CCI 200 to detect false breakout.

I just have a doubt ..

In the Parameters field of CCI, the period 200 will apply to "Close" or which data.

http://www.forexfactory.com/showpost...ostcount=13169

Can you please share the template in the post above. Its looks very neat and clean.

Thanks a lot.

Happy Pipping
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #13,435
  • May 20, 2010 1:58am May 20, 2010 1:58am
Two images to demonstrate why I added the two conditions of trade.
3. 200 SMA must be sloping in the direction of the trade or be horizontal.
4. Kijun line must move in the direction of the trade at cloud break - not flat.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: notrading.gif Size: 84 KB
Click to Enlarge Name: notrading2.gif Size: 96 KB
  • #13,436
  • May 20, 2010 2:45am May 20, 2010 2:45am
Quoting rpasupathy
Hi Fxripper,

Nice strategy using CCI 200 to detect false breakout.

I just have a doubt ..

In the Parameters field of CCI, the period 200 will apply to "Close" or which data.

http://www.forexfactory.com/showpost...ostcount=13169

Can you please share the template in the post above. Its looks very neat and clean.

Thanks a lot.

Happy Pipping
hi there. yes it is applied to close. but uh. . .i cant find the template for that but u can simply remove the kijun, tenkan n chikou and place a 200 cci. tats all.
  • #13,437
  • May 20, 2010 2:56am May 20, 2010 2:56am
Quoting fatmirm
Hi

Can you please explain briefly this indie. ALso is it used just for EUR/USD or for all the pairs?

Thanks mate.
hi. DiDi index is created by Odir Aguiar. It uses 3 moving averages where the 0 line is the longest MA. Signals are obtained by the crossing of the 2 shorter MA. For me, I find it useful to exit trades regardless any strategy you use for entering a trade (ts/ks cross, kumo breakout, etc) I would exit a trade when the DiDi index crosses. Here is an example of 2 recent trades I took. I took the trade at the kumo breakout and exit at the crossings (at the red vertical line) and then simply wait for another opportunity. I find it useful (some even say that it is powerful) to give u early entry signal (at the blue vertical line) and early exit signal to gain more profit and cut losses quickly. however, taking these early signals might expose the trade to fake signals and thus waiting for a kumo break might be wise. and yes you can use it with any pair
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 32 KB
  • #13,438
  • May 20, 2010 3:09am May 20, 2010 3:09am
Thanks a lot fxripper

Ganesh
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #13,439
  • May 20, 2010 3:27am May 20, 2010 3:27am
Quoting webforex
>>>Use the steps or flat areas on the cloud (in the past) for target prices.

kinko


I thought you mentioned the flat cloud on the right side of the price candle is for target price ??

flat cloud on left is for support/resistance ?

can show some pics ?
Attached a AUDUSD 4HR
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.gif Size: 65 KB
  • #13,440
  • May 20, 2010 4:00am May 20, 2010 4:00am
Quoting Kinko
There already is one. The Ichi cloud break. When you have a cloud break in a certain timeframe say the H1, go to the lower timeframe the 15M or 5M and wait for the price to approach the 1 SMA cloud break.

See the ichi cloud break on the AUDUSD 15M and wait for for all the conditions in the 5 M - the vertical red line where the break of the 1SMA cloud was in the 5M
ok man thanks a lot. It's just that if i use the ichi cloud break, and put a price tag and move from one TF to another it deletes the PRICE TAG so i try to avoid using this indi'.
btw did it happened 2 u too?
i attached the kumo breakout indi.
if u have an indi' that doesn't cause this problem i would b glad if u could share http://cdn.forexfactory.com/images/icons/icon7.gif
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5M.JPG Size: 209 KB
Click to Enlarge Name: 15M.JPG Size: 205 KB
Attached File(s)
File Type: mq4 KBreakout.mq4   4 KB | 659 downloads
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