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Ichimoku forever

  • #13,881
  • Sep 18, 2010 10:22am Sep 18, 2010 10:22am
Quoting gerald20000
H1 - PA breaks Kumo (Bearish red line)
M30 - PA above Kumo (Bullish). Wait for bearish till red line. Check back H1, still bearish.
M15 - PA below Kumo (bearish).
M5 - PA below Kumo (bearish).

No trade because no perfect ichimoku setup found. Bear in M5 was half way down and TS/KS cross was above kumo.
In example 1. I would have put my S/L just below the flat top kumo 10 pips plus spread.
No2. I find it very hard to work looking back as although this proved to be a good trade, for me in real time it would have been too risky as the K/S was very flat and in real life I would have expected to see PA go back to that line. Where would you have put your stop loss? as you have to have good MM think it would have been a bit too faraway for my R:R.
If you are entering on the M5 it's a good idea to use M1 to look for you entry point as it has already happened. I use the M5 for my entries as I trade the M15 and look to the M30 and H1 also H4 for sentiment.
No3. We are told to look for the perfect entry but I don't see that often and seems to required soooo much time glued to the screen so I'm afraid I am guilty of entering after the signs are already in situ meaning I'm often late into a trade and suffer for it as my TP isn't as good as it could be Ah well.
No4. Hmmmm this is a tricky one H1 kumo was in conflict with M30 M15 etc.
BUT as I probably wouldn't be looking at H1 then I may have taken it because I would have been looking at M30 M15 M5 M1 and they were all good to go. On M5 there was a weak T/S K/S cross above the kumo, and a very flat K/S not a good sign really so my S/L would have been been above the K/S 10 pips plus spread exit would have been the T/S K/S cross and that would have been a nice trade.
Try analyzing trades in real time to get the feeling of being in the moment even if you do this on paper, I'm really new to ichi but have loved doing it in real time even if I have lost a few good MM takes the sting out of it.
  • #13,882
  • Sep 18, 2010 3:20pm Sep 18, 2010 3:20pm
I'm doing my back testing with virtual simulator through MT4, but i am not able to do a back test using this way through multiple time frame. Only can choose one TF to back test.
  • #13,883
  • Sep 19, 2010 12:19pm Sep 19, 2010 12:19pm
I have backtested a strategy on Forextester using WEEKLY ichimoku and am now ready to take the plunge. I expect to go with IB and MT4 and Forex but I am not stuck on MT4. MY question is this: It takes 44 bars for my strategy to generate a KUMO cloud, that is 44 weeks, with IB and MT4, will I be able to preload these 44 weeks during live trading to generate my KUMO for use from week 1 ? If not, what broker and platform would allow me to preload these 44 weeks.
  • #13,884
  • Sep 19, 2010 12:32pm Sep 19, 2010 12:32pm
hI All ,

For the fun : Ichimoku RSI .


http://codebase.mql4.com/7004

@+
KISS&V :Keep it simple safe & visual
  • #13,885
  • Sep 20, 2010 5:14am Sep 20, 2010 5:14am
Quoting Sohocool
hI All ,

For the fun : Ichimoku RSI .


http://codebase.mql4.com/7004

@+
Looks really helpful going to try it to-day Thanks
  • #13,886
  • Sep 20, 2010 1:39pm Sep 20, 2010 1:39pm
What does this future kumo tells you?
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  • #13,887
  • Sep 20, 2010 8:26pm Sep 20, 2010 8:26pm
Quoting gerald20000
What does this future kumo tells you?
Here is something for you to think about. Decide what your main signal is for your entry and then use the other components to verify your signal, cancel your signal or have you place an alert to check back at a later time.

For me my main signal is the T/K cross, and after that I look at the rest of it.

If you get ichi360 it will alert you in MT4 when there is a cross,. If you use VT trader you can make that ring at you when there is a cross also, this will ring at you for the whole candle instead of just once in MT4( there might be a way to change in mt4 I have no idea how to)


Here are some examples for you.


Chart A, the arrows show where a cross takes place, not really enough to trade by itself
Chart B, adds the lines for T and K, still not really enough to trade alone better than just arrows but not really enough.
Chart C, the whole indicator.

So to go back to your question, what does the future kumo show, not much by itself, but taking the whole indicator into consideration I would say you just need to wait. Set alerts at your bottom blue line, and another above the flat kumo top that price is inside of on your chart. When your alert is hit see what the whole indicator tells you.
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  • #13,888
  • Sep 20, 2010 10:04pm Sep 20, 2010 10:04pm
Thank you for the reply Gorron.

So lets say if your TS/KS cross is in the kumo and you expect for a bull, you will wait till the whole indicator signal is in bull position before you enter the market with a buy, right? So means that you will do the same thing even if the TS/KS cross is below the kumo; if expecting a bull position too? And you just stick to one timeframe only? Could you possible post some charts when you found a good trade? Thanks in advance.
  • #13,889
  • Sep 22, 2010 7:29am Sep 22, 2010 7:29am
How does Ichimoku have Gann, Elliot Wave & Fibonacci Theory built in?

Inserted Code
http://www.youtube.com/watch?v=StqOH4nLQbE
  • #13,890
  • Sep 22, 2010 8:26am Sep 22, 2010 8:26am
Quoting gerald20000
How does Ichimoku have Gann, Elliot Wave & Fibonacci Theory built in?

Inserted Code
http://www.youtube.com/watch?v=StqOH4nLQbE
That's why Vic always said you don't need any other indicators Ichi does it all
  • #13,891
  • Sep 22, 2010 11:35am Sep 22, 2010 11:35am
Quoting gerald20000
How does Ichimoku have Gann, Elliot Wave & Fibonacci Theory built in?
Not sure if you are asking a question or saying to watch the video? From what I have seen its not that it is built into the code or anything like that its that since most things are built from price when you get those flat kumo’s they will match up a lot of times to a Fibonacci number. So since they match up people will say “it’s built in”
  • #13,892
  • Sep 22, 2010 3:52pm Sep 22, 2010 3:52pm
I was wondering if any one could see why this happened
I placed a short on the M15 with the higher T/F all bearish except the H4 which was above the Kumo but falling fast. After several hours and of course whilst I was away having my tea.....my £12.00 profit turned to a loss very small one but still a loss
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Attached Images
  • #13,893
  • Sep 22, 2010 6:33pm Sep 22, 2010 6:33pm
Quoting Maitland-W
I was wondering if any one could see why this happened
I placed a short on the M15 with the higher T/F all bearish except the H4 which was above the Kumo but falling fast. After several hours and of course whilst I was away having my tea.....my £12.00 profit turned to a loss very small one but still a lossAttachment
i have no idea why but this matches what gerald20000 was asking too, on the 1hr if you go back to the big flat spot on the kumo and draw a horizontal line you will see it is around where it stopped and it is also around 50% fib. A lot of times those do seem to end up as spots to watch.
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  • #13,894
  • Sep 22, 2010 10:14pm Sep 22, 2010 10:14pm
Quoting Maitland-W
I was wondering if any one could see why this happened
I placed a short on the M15 with the higher T/F all bearish except the H4 which was above the Kumo but falling fast. After several hours and of course whilst I was away having my tea.....my £12.00 profit turned to a loss very small one but still a lossAttachment
In H1, the price has crossed across tenkan sen which could means that it would want to go met the kijun sen?

On the other hand, the price has hit the H4 senkou span B with a reversal sign. Market might ding-dong in the kumo for awhile. It's better to wait for a clear sign - kumo breakout before able to trade this trend.
  • #13,895
  • Sep 23, 2010 3:45am Sep 23, 2010 3:45am
HI All ,

i have changed the RSI by the CCI.

Now ,we have Ichimoku CCI .

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Attached File(s)
File Type: mq4 Brooky_CCI_Ichimoku.mq4   6 KB | 907 downloads
KISS&V :Keep it simple safe & visual
  • #13,896
  • Sep 23, 2010 6:02am Sep 23, 2010 6:02am
Quoting Gorron
i have no idea why but this matches what gerald20000 was asking too, on the 1hr if you go back to the big flat spot on the kumo and draw a horizontal line you will see it is around where it stopped and it is also around 50% fib. A lot of times those do seem to end up as spots to watch.
Thanks I'm going to add the fibo even though Vic says ichi stands on it's own there seems to be a lot of support for adding the Fibo levels.
You have a lot going on, on your charts I'm no where near able to read the info on them yet bit behind you on the learning curve ha ha
  • #13,897
  • Sep 23, 2010 6:03am Sep 23, 2010 6:03am
Quoting Sohocool
HI All ,

i have changed the RSI by the CCI.

Now ,we have Ichimoku CCI .

Attachment
Looks good I've got your earlier one on my charts so I'll update them thanks for your excellent work
  • #13,898
  • Edited 6:31am Sep 23, 2010 6:29am | Edited 6:31am
Quoting Sohocool
HI All ,

i have changed the RSI by the CCI.

Now ,we have Ichimoku CCI .

Attachment
HI I just added the new CCI but have only 3 lines showing, my chart is white and I don't seem to be able to see the aqua coloured line
  • #13,899
  • Sep 23, 2010 10:41am Sep 23, 2010 10:41am
I was just wondering after going through this thread again, I'm getting a bit confused. When we use the higher time frames to confirm the trend, are we looking at the PA (above or below kumo) or the sentiment i.e kumo out to the right of the chart?
Also I was wondering if anyone out there has ever seen any statistics on just how often the "perfect set up" occurs on the higher T/Fs say the H1 H4 Daily because they haven't appeared at all since I have been looking (5 months !!!!)
which is why I am now tending to look at the M15.
  • #13,900
  • Sep 23, 2010 11:28am Sep 23, 2010 11:28am
Quoting Maitland-W
Thanks I'm going to add the fibo even though Vic says ichi stands on it's own there seems to be a lot of support for adding the Fibo levels.
You have a lot going on, on your charts I'm no where near able to read the info on them yet bit behind you on the learning curve ha ha
I was trying show that the flat spots on longer time frames will work just like Fib instead of having to add fib to your charts. I added fib to the one I attached because it matched what G2000 was asking.

there is basically nothing extra on that chart, the arrows are when the T&K cross so it rings at me. The white area is by default it shows high low zone for the day I forget to turn it off sometimes.

I am still learning this myself so I just try to point out things that I have noticed.
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