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Ichimoku Kinko Hyo analysis and the "one glance on a single chart"

  • #21
  • Nov 6, 2010 5:31am Nov 6, 2010 5:31am
Few clues about what happened during the last consistent up move.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy(4h)(2)061110.PNG Size: 46 KB
  • #22
  • Nov 6, 2010 11:07pm Nov 6, 2010 11:07pm
Few clues about what happened during the last consistent up move.

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Good thread! Do you have an updated Ichimoku Kinko Hyo forecast on USD/JPY daily chart? Thanks!
  • #23
  • Nov 7, 2010 12:43am Nov 7, 2010 12:43am
Quoting ridingwaves2
Few clues about what happened during the last consistent up move.

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Good thread! Do you have an updated Ichimoku Kinko Hyo forecast on USD/JPY daily chart? Thanks!
Which time frame? I suppose you want it on a 4h chart or even lesser.
  • #24
  • Nov 7, 2010 10:04am Nov 7, 2010 10:04am
Quoting diavolul
Which time frame? I suppose you want it on a 4h chart or even lesser.
Time frame for USDJPY Daily chart forecast. If you can post hourly chart forecast, that would be even better. Thanks!
  • #25
  • Nov 9, 2010 12:59am Nov 9, 2010 12:59am
Brief past price action analysis:

This pair successfully broke the Flat Bottom Area (81.10 level), confirming it by breaking the Kijun-sen and Tenkan-sen. Recently made a close below the Senkou Span A but until it makes a new low under 80.71 level we it is not confirmed and could play a role of future s/r dynamic level in the near future.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy(4h)(1)091110.PNG Size: 46 KB


Current analysis:

Momentum: Bearish (Kijun-sen > Tenkan-sen)
Sentiment: Bearish (Senkou Span B> Senkou Span A)
General trend: Bearish (both Price and Chinkou Span under the Kumo)
Trend strength: Increasing (narrowness of the Future Kumo)
Forecast: Bullish (Future Kumo is UP)

Dynamic supports and resistances:

Attached Image


Probability for:
 UP move -> 25%
DOWN move -> 75%
  • #26
  • Nov 11, 2010 7:52am Nov 11, 2010 7:52am
Quoting diavolul
Brief past price action analysis:

This pair successfully broke the Flat Bottom Area (81.10 level), confirming it by breaking the Kijun-sen and Tenkan-sen. Recently made a close below the Senkou Span A but until it makes a new low under 80.71 level we it is not confirmed and could play a role of future s/r dynamic level in the near future.

Attachment

Current analysis:

Momentum: Bearish (Kijun-sen > Tenkan-sen)
Sentiment: Bearish (Senkou...
Thanks! Will follow your forecast update.
  • #27
  • Nov 16, 2010 1:19am Nov 16, 2010 1:19am
Quoting ridingwaves2
Thanks! Will follow your forecast update.
Once again, Ichimoku studies, the way I use them, are not an accurate tool, for prediction. It is only an estimation. As you have observed the Forecast it is only the interpretation of the Future Kumo, based on the past price action and can easily be renamed.
If you follow it, follow the changes in probability of price to develop in one or another direction, based on Momentum, Sentiment, General trend and Forecast. Slightly changes can give you some clues about the future price developing. Also, you can watch for studies break-outs and its behavior as a resistance turned into support and vice versa.

Good luck.
  • #28
  • Mar 21, 2011 3:32am Mar 21, 2011 3:32am
Brief past price action analysis:

The pair rejected sharply from its low (76.99) but the momentum, generated by Tenkan-sen Kijun-sen cross indicates no change, it is still bearish. The price tried to push pressure on the cloud but it rejected and making about a 125 backward spike. So, major caution with the up move, in my opinion might be very limited.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy210311.PNG Size: 29 KB


Current analysis:

Momentum: Bearish (Kijun-sen > Tenkan-sen)
Sentiment: Bullish (Senkou Span A> Senkou Span B)
General trend: Bearish (both Price and Chinkou Span under the Kumo)
Trend strength: Decreasing (the Future Kumo is compacting but at a very slow pace and even so it's so thin and indicates possible volatility period)
Forecast: Bullish (Future Kumo is UP)

Dynamic supports and resistances:

Tenkan-sen: 80.14
Kijun-sen: 80.25
Senkou Span A: 82.52
Senkou Span B: 82.51

Probability for:
UP move -> 50%
DOWN move -> 50%
  • #29
  • Mar 21, 2011 10:50am Mar 21, 2011 10:50am
Nice job there it a good price action setup which trader should learn to read at all time.
  • #30
  • Edited 10:50pm May 22, 2011 10:44pm | Edited 10:50pm
Brief past price action analysis:

This pair continued it's choppy movement. First of all, it has broken the tiny support of Senkou Span A and B (purple ellipse area) and setting for 85.51 high but, unfortunately unsustainable at that level. So, it goes down and get steadily through Tenkan-sen Kijun-sen support level (yellow ellipse area) and after that even lower and break the almost imperceptible support area of Senkou Span A and B (mangenta ellipse area).

And finally brake the strong support formed by Tenkan-sen, Kijun-sen and Flat Top area (of 81.25) after six day of struggle (red ellipse area). Will see if the Flat Top area truly turned into a Flat Bottom area and will look forward for a breakout either way: a Senkou Span A (up move) or a cluster of Senkou Span B, Kijun-sen and Tenkan-sen support (down move).

Attached Image (click to enlarge)
Click to Enlarge Name: UJ_23rdmay2011.PNG Size: 38 KB
  • #31
  • May 28, 2011 4:39pm May 28, 2011 4:39pm
Brief price action analysis:

It seems like break out scenario is into developing in the days to come. The pair failed to sustain at that high level (about 80.20) and break the strong pivot level, generated by the studies (Senkou Span A, Tenkan-sen and Kijun-sen) (blue ellipse are). This must be a valid break out because we have assisted to a retest of the strong Senkou Span A and rejected below (the Flat Bottom becomes Flat Top now) (purple ellipse area). So, the pair could easily go to the new lows and maybe targeting the historical lows.

Attached Image (click to enlarge)
Click to Enlarge Name: uj27thMay2011.PNG Size: 30 KB
  • #32
  • Jun 5, 2011 2:15am Jun 5, 2011 2:15am
Brief price action analysis:

Just after breaking slightly the dynamic support of Kijun-sen (from the previous analysis) the price retested it and breaks it, until it get near the Flat Top Senkou Span B-Tenkan-sen confluence resistance (1) and going down once again to Kijun-sen. At this point we know for certain that Kijun-sen is a valid pivot (it was both support and resistance) (2). It stalls a little bit (3), when it forms a long legged doji (where probably the volume of the doji is greater than the previous day candlestick and where smart investors get in the train) and after that is going pretty strong to the downside as we expected.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy030611.PNG Size: 33 KB
  • #33
  • Jul 24, 2011 3:10pm Jul 24, 2011 3:10pm
Dîrzu Andrei-Ovidiu

Briefing:

It's the second attempt of the price trying to break the dynamic study Kijun-sen (red line of the oscillator) after the end of the 16th-20th week (current year) has the first attempt (spinning top in the glowing green circle). Will watch closely to see how much degree of validity it has this dynamic support.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_240711(w).jpg Size: 94 KB



Analysis:

Momentum: Bullish (Tenkan-sen > Kijun-sen)
Sentiment: Bearish (Senkou Span B > Senkou Span A)
General trend: Bullish (the price and the Chinkou Span study are both above the Kumo)
Trend strength : Decreasing (the Kumo is widening)
Prevision: Bullish (the future Kumo is up)


Dynamic supports and resistances:

Tenkan-sen: 0.8846
Kijun-sen: 0.8718
Senkou Span A: 0.8576
Senkou Span B: 0.8608


Probable direction:

Up -> 75%
Down-> 25%
  • #34
  • Oct 20, 2011 8:54pm Oct 20, 2011 8:54pm
Hello Everyone,
If anybody has good video link related to mastering Ichimoku Kinko Hyo Trading Strategies and do share with me.
Thank and wishing loving and safe trading.
  • #35
  • Mar 16, 2012 4:56am Mar 16, 2012 4:56am
Dîrzu Andrei-Ovidiu

Briefing:

From its lowest intra-day level of 1.04221, the price reacred very powerfull, breaking the bearish Kumo and changing the momentum, with Tenkan-sen (blue) positioned over Kijun-sen (red)


http://forum.vamist.ro/uploads/month...1286_thumb.png

Current analysis:

Momentum: Bullish (Tenkan-sen over Kijun-sen)
Sentiment: Bearish (Senkou Span B over Senkou Span A)
General trend: Bullish (the price is over the Kumo)
Trend strenght: Increasing (the Kumo is narrowing)
Previson: Bullish (Future Kumo is bullish)

Dynamic supports and resistances:

Tenkan-sen: 1.25296
Kijun-sen: 1.05115
Senkou Span A: 1.0468
Senkou Span B: 1.04896

Direction probabilities:

Up: 75%
Down: 25%



  • #36
  • Last Post: Aug 24, 2017 5:32pm Aug 24, 2017 5:32pm
hello there still using this strategy to trade?
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