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Ichimoku forever

  • #13,501
  • May 31, 2010 3:46am May 31, 2010 3:46am
first loser after a string of winning trades. and just because im an idiot and cant stick to the rules.

STICK TO THE PLAN!
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Patience is key.
  • #13,502
  • May 31, 2010 4:12am May 31, 2010 4:12am
Quoting moetzger
first loser after a string of winning trades. and just because im an idiot and cant stick to the rules.

STICK TO THE PLAN!
Hi,

Don't mind to share what cause you loss? I see there was a KS/TS cross below the kumo right?
  • #13,503
  • May 31, 2010 4:19am May 31, 2010 4:19am
Quoting a2xm
Hi,

Don't mind to share what cause you loss? I see there was a KS/TS cross below the kumo right?
yes, it was a valid ichimoku signal. but the KS was rather flat (bad sign), and the 200MA acted as support on the 4H. i didnt have the balls to instantly kill the trade when i realized my mistake, but rather i moved the SL with the 15M KS. this was maybe the greatest mistake, because maybe price falls again after this pullback. but getting out immediatly would have been the way to go.

those darn emotions... but im getting control of myself slowly

hope i made clear what went on in this trade
Patience is key.
  • #13,504
  • May 31, 2010 4:34am May 31, 2010 4:34am
Quoting moetzger
yes, it was a valid ichimoku signal. but the KS was rather flat (bad sign), and the 200MA acted as support on the 4H. i didnt have the balls to instantly kill the trade when i realized my mistake, but rather i moved the SL with the 15M KS. this was maybe the greatest mistake, because maybe price falls again after this pullback. but getting out immediatly would have been the way to go.

those darn emotions... but im getting control of myself slowly

hope i made clear what went on in this trade
Yeah, emotion is our number 1 enemy as a trader.. The same with me here, I like to move my SL too I'm still learning hard though. I like ichimoku very much..

May the green pips always be with you..!
  • #13,505
  • May 31, 2010 4:51am May 31, 2010 4:51am
Quoting moetzger
first loser after a string of winning trades. and just because im an idiot and cant stick to the rules.

STICK TO THE PLAN!
Your fxbook account looks impressive. Could you state which of all that wonderful ichi-strategies you trade?
  • #13,506
  • May 31, 2010 5:00am May 31, 2010 5:00am
Quoting nightyhawk
Your fxbook account looks impressive. Could you state which of all that wonderful ichi-strategies you trade?
its only a handful of trades, so no statistical meaning yet... but of course i want to continue this way

the rules are standard ichimoku, with some additions by kinko and some by myself

 

  1. Standard Ichimoku Rules

    1. Only Kumo Breakout
    2. or TS/KS cross

  1. Kumo Breakouts are only valid if a KS/TS cross has occurred in the same direction before

  1. Only with the Trend (1H):

    1. 4H must be on right side of Kumo
    2. 1D must be on right side of Kumo
    3. Only trade with the 200 MA in favor
    4. KS must point into the trends direction (must not be flat)

  1. Take only trades where R:R >= than 1:1 (preferably > 1:2)


some minor rules i have ommited (for now) because im still testing them and maybe they get purged (mostly related to scaling out).

if it helps you, or someone else, great!

Patience is key.
  • #13,507
  • May 31, 2010 5:10am May 31, 2010 5:10am
Quoting moetzger
its only a handful of trades, so no statistical meaning yet... but of course i want to continue this way

the rules are standard ichimoku, with some additions by kinko and some by myself

 

  1. Standard Ichimoku Rules

    1. Only Kumo Breakout
    2. or TS/KS cross

Nice, I really appreciate your sharing.. it is good for newbie like me..
  • #13,508
  • May 31, 2010 5:14am May 31, 2010 5:14am
Quoting a2xm
Nice, I really appreciate your sharing.. it is good for newbie like me..
i just realized i forgot something:

targets are mostly S/R, and exits are mainly achieved through trailing the stop manually (although im just in the beginning of implementing this)

im happy if it helps you!
Patience is key.
  • #13,509
  • May 31, 2010 8:13am May 31, 2010 8:13am
Hi moetzger, im a newbie too. I dont understand the following you mentioned below. what exactly is on the right side of the kumo? Sorry, im a noob here!

  1. Only with the Trend (1H):

    1. 4H must be on right side of Kumo
    2. 1D must be on right side of Kumo
    3. Only trade with the 200 MA in favor
    4. KS must point into the trends direction (must not be flat)

  • #13,510
  • May 31, 2010 8:23am May 31, 2010 8:23am
Quoting desilva
Hi moetzger, im a newbie too. I dont understand the following you mentioned below. what exactly is on the right side of the kumo? Sorry, im a noob here!

  1. Only with the Trend (1H):

    1. 4H must be on right side of Kumo
    2. 1D must be on right side of Kumo
    3. Only trade with the 200 MA in favor
    4. KS must point into the trends direction (must not be flat)

long only if price in 1h, 4h and 1d is above kumo,
short only if price in 1h, 4h and 1d is below kumo
Patience is key.
  • #13,511
  • May 31, 2010 8:59am May 31, 2010 8:59am
Quoting moetzger
its only a handful of trades, so no statistical meaning yet... but of course i want to continue this way

the rules are standard ichimoku, with some additions by kinko and some by myself

 

  1. Standard Ichimoku Rules

    1. Only Kumo Breakout
    2. or TS/KS cross

  1. Kumo Breakouts are only valid if a KS/TS cross has occurred in the same direction before

[list][*]Only with the Trend (1H):[list][*]4H must be on right side of Kumo[*]1D must be on right side of Kumo[*]Only trade with...

Sounds good. Do you have a standard place to put your stop loss?
  • #13,512
  • May 31, 2010 9:07am May 31, 2010 9:07am
Quoting Itchy4Pips
Sounds good. Do you have a standard place to put your stop loss?
standard ichimoku stop:
on a ks/ts cross it is the ks + buffer
on a kumo breakout it is the other side of the kumo + buffer
Patience is key.
  • #13,513
  • May 31, 2010 9:18pm May 31, 2010 9:18pm
Hi folks.

Just dropping by. Hopefully y'all doing well.
Not all sins are created equal
  • #13,514
  • Jun 1, 2010 4:26am Jun 1, 2010 4:26am
what do you think about this indicators ?
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Attached File(s)
File Type: mq4 Ichimoku Trend Magic.mq4   5 KB | 1,125 downloads
File Type: mq4 Ichimoku Trend Magic Histogram.mq4   5 KB | 1,398 downloads
File Type: tpl Ichimoku Trend Magic.tpl   10 KB | 947 downloads
  • #13,515
  • Jun 1, 2010 8:24am Jun 1, 2010 8:24am
Quoting genolom
what do you think about this indicators ?Attachment
can u please briefly explain how does this indi works?
  • #13,516
  • Jun 1, 2010 8:42am Jun 1, 2010 8:42am
Quoting acidevil
can u please briefly explain how does this indi works?
i dont know how they work
  • #13,517
  • Edited 9:40am Jun 1, 2010 8:50am | Edited 9:40am
hi all,
just follow the rule on real...
if something i misunderstood please correct me...
TP at 111.78 ..66pip.
[edit]
CLOSE at 80 pips..
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  • #13,518
  • Jun 1, 2010 1:25pm Jun 1, 2010 1:25pm
Quoting genolom
i dont know how they work
One of the best posts within this thread...


As I analyze this, your indicators show TenkanSen and KijunSen in a seperate window. Default value for Kijun is 61??? That is why you can't see any similies to the main window.

Histo shows you wether Tenkan is above Kijun or vv.

Both indicators may help you but they are nothing new!
  • #13,519
  • Edited 11:59pm Jun 1, 2010 10:52pm | Edited 11:59pm
Quoting moetzger
standard ichimoku stop:
on a ks/ts cross it is the ks + buffer
on a kumo breakout it is the other side of the kumo + buffer

moetzger,
1.you mentioned that you only trade with the 200 MA in favor. Why is that?

2. Also, i have the same news indicator, but yours is encapsulated in a nice grey box, how'd you do that?

3. Do you have a daily routine you go through? That would help me!

thanks.
  • #13,520
  • Jun 2, 2010 12:49am Jun 2, 2010 12:49am
Quoting desilva
moetzger,
1.you mentioned that you only trade with the 200 MA in favor. Why is that?

2. Also, i have the same news indicator, but yours is encapsulated in a nice grey box, how'd you do that?

3. Do you have a daily routine you go through? That would help me!

thanks.
1. Because the 200 MA is used by many many traders and therefore is one of the most "self fulfilling" indicators. whats also very important is, if price is near the MA, watch out. it often acts as strong S/R

2. i dont know which version of the calendar i use, i will post it when im at home tonight.

3. not really. as i mentioned a few pages back, i only trade mobile / on the go. if there is a setup i tell myself via emails which are sent from my computer at home, which is logged into the same account. i then check emails every hour.

just for info: i get about 50 signals (= emails) per day, using only kumo breakout and strong KS/TS cross on ~25 pairs. of all this signals, about 1 - 2% are AAA+ setups and those (and only those, at least i try) i trade.
Patience is key.
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