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Ichimoku forever

  • #13,541
  • Jun 3, 2010 8:02pm Jun 3, 2010 8:02pm
GBP/JPY - H1 - Long @ 135.68
  • #13,542
  • Jun 3, 2010 9:23pm Jun 3, 2010 9:23pm
Quoting desilva
Hi legalindo.. thanks for sharing your template here, could you explain why you have 2 kijun and tenken lines here? and what constitutes a full signal? when all the lines cross is it? This is also the double kumo method?
Yes, I'm waiting for this answer too legalindo
  • #13,543
  • Jun 4, 2010 1:11am Jun 4, 2010 1:11am
Reminder of the news out later today - nonfarm payrolls
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  • #13,544
  • Jun 4, 2010 2:07am Jun 4, 2010 2:07am
Quoting legalindo
GBP/JPY - H1 - Long @ 135.68
I am jumping in @136.14 based on the H1 trade setup on GBPUSD.
WANT WHAT THE MARKET WANTS...
  • #13,545
  • Jun 4, 2010 2:26am Jun 4, 2010 2:26am
Quoting countex
I am jumping in @136.14 based on the H1 trade setup on GBPUSD.
Closed at 20 pip loss, cable did peek a boo and went back into the cloud.

note to self: wait for candle close outside the cloud.

pps: nfp friday trading is crazy
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  • #13,546
  • Jun 4, 2010 3:16am Jun 4, 2010 3:16am
Quoting countex
Closed at 20 pip loss, cable did peek a boo and went back into the cloud.

note to self: wait for candle close outside the cloud.

pps: nfp friday trading is crazy
I have no entry signal. There is no TS/KS crossover, TS and KS are still inside kumo, TS H4 is inside kumo and price too.
  • #13,547
  • Jun 4, 2010 3:17am Jun 4, 2010 3:17am
Quoting a2xm
Yes, I'm waiting for this answer too legalindo
will send a chart with the setup of my system.
  • #13,548
  • Jun 4, 2010 5:47am Jun 4, 2010 5:47am
Quoting legalindo
I have no entry signal. There is no TS/KS crossover, TS and KS are still inside kumo, TS H4 is inside kumo and price too.
I was referring to a nice setup coming up on cable. I was HOPING to play the GJ as it is more volatile (more pips) and highly corelated to Cable.

Once I was assured of Cable breakout failure, I went to lower TF and had some happy pips shorting the GJ.
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  • #13,549
  • Jun 4, 2010 5:55am Jun 4, 2010 5:55am
In the meanwhile,
the bottom has fell out of Euro.

Nice setups H1

shorts
GBPUSD, AUDUSD, AUDCAD

Long Setup,
USDCAD
WANT WHAT THE MARKET WANTS...
  • #13,550
  • Jun 4, 2010 7:28am Jun 4, 2010 7:28am
Quoting countex
I was referring to a nice setup coming up on cable. I was HOPING to play the GJ as it is more volatile (more pips) and highly corelated to Cable.

Once I was assured of Cable breakout failure, I went to lower TF and had some happy pips shorting the GJ.
Hi, what made you so sure of the GU false breakout? is that the false upper kumo breakout on H1? Thanks..
  • #13,551
  • Jun 4, 2010 7:36am Jun 4, 2010 7:36am
Quoting a2xm
Hi, what made you so sure of the GU false breakout? is that the false upper kumo breakout on H1? Thanks..
yes, I was referring to the false upper breakout which gave me a loss of 20 pips couple of hours ago.
WANT WHAT THE MARKET WANTS...
  • #13,552
  • Jun 4, 2010 8:55am Jun 4, 2010 8:55am
Quoting countex
In the meanwhile,
the bottom has fell out of Euro.

Nice setups H1

shorts
GBPUSD, AUDUSD, AUDCAD

Long Setup,
USDCAD
Legalindo Sir,

I can't thank you enough

Every single one of the calls played out perfectly.

Now I have to start focusing on money management and exit strategy.
WANT WHAT THE MARKET WANTS...
  • #13,553
  • Jun 4, 2010 1:13pm Jun 4, 2010 1:13pm
It is just so much easier to make a decision when you have a birds eyeview of the situation. Thanks to Legalindo for highlighting the fact that you can have more than one Ichi on the chart. In this case a m1, m5 and m15.
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  • #13,554
  • Jun 4, 2010 3:33pm Jun 4, 2010 3:33pm
I assume the multi-Ichi chart is via Meta trader. I don't use metatrader but am interested in implementing the concept. Is doing so just a matter of multiplying the values of the TS, KS and SB? Or is there more to it? Any way you can show the formula you used to reflect various timeframes in a certain timeframe chart. Or does Metatrader provide some quick flip of a switch method?

Thanks.

Wile E
  • #13,555
  • Jun 4, 2010 4:47pm Jun 4, 2010 4:47pm
Quoting legalindo
GBP/JPY - H1 - Long @ 135.68
Close= - 38 pips
  • #13,556
  • Edited 11:40pm Jun 4, 2010 11:39pm | Edited 11:40pm
Quoting Kinko
It is just so much easier to make a decision when you have a birds eyeview of the situation. Thanks to Legalindo for highlighting the fact that you can have more than one Ichi on the chart. In this case a m1, m5 and m15.

Hi all, i dont understand the concept of multiple ichis on a chart? what are the conditions for a trade here?

thanks.
  • #13,557
  • Jun 5, 2010 4:31am Jun 5, 2010 4:31am
Quoting Wile E
I assume the multi-Ichi chart is via Meta trader. I don't use metatrader but am interested in implementing the concept. Is doing so just a matter of multiplying the values of the TS, KS and SB? Or is there more to it? Any way you can show the formula you used to reflect various timeframes in a certain timeframe chart. Or does Metatrader provide some quick flip of a switch method?

Thanks.

Wile E
Links to multi-charts
http://www.forexfactory.com/showpost...ostcount=12060

http://www.forexfactory.com/showpost...ostcount=13102

http://www.forexfactory.com/showpost...ostcount=12776
  • #13,558
  • Jun 5, 2010 7:59am Jun 5, 2010 7:59am
Quoting Wile E
I assume the multi-Ichi chart is via Meta trader. I don't use metatrader but am interested in implementing the concept. Is doing so just a matter of multiplying the values of the TS, KS and SB? Or is there more to it? Any way you can show the formula you used to reflect various timeframes in a certain timeframe chart. Or does Metatrader provide some quick flip of a switch method?

Thanks.

Wile E
Most systems will allow adjustments of the parameters in settings (normal is 9,26,and 52) if you are in a 1 hour chart and load a second ichmoku indicator and multiply each of these numbers by 4 for 4 hour IE 36,104,and 208 also adjust the indicator to a different color so you tell apart. Once set, if you change time frame say to 15 min the 4 x 15 min =an hour . Hope this explains the concept. You can add any 2nd time frame by multiplying the setting numbers accordingly to the time. Hour to daily would be each number times 24. I have tried it on ninja trader and intellicharts and it works on both of these. I guess what matters is if your system allows a second indicator to load.
  • #13,559
  • Jun 5, 2010 6:46pm Jun 5, 2010 6:46pm
Quoting legalindo
Close= - 38 pips
The trade should be closed before the NPF, also KS-Day was strong resistance.
  • #13,560
  • Jun 6, 2010 3:40am Jun 6, 2010 3:40am
Quoting desilva
Hi all, i dont understand the concept of multiple ichis on a chart? what are the conditions for a trade here?

thanks.
for me the concept of having multiple Ichi on the same chart gives me confidence of overall trend of the market. Once I get a clean break out of multiple clouds, I am pretty sure about overall trend direction. Then I can go down to a 15 minute chart using my scalping template and enjoy my pips in the direction of overall trend.

And replying to previous posts about adding multiple ichi on the same chart, can be done very easily. Just have to multiply the numbers

For example on a one hour chart:

9,26,52 (regular ichi)
36,104, 208 (regular ichi X4) representing 4 hours, change colors to easy
216,624,1248 (regular ichi X24) representing daily, change colors may hide kumo


Thanks to Legalindo, this simple but brilliant idea helps me quite a bit.
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