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Ichimoku forever

  • #14,161
  • Nov 14, 2010 7:59pm Nov 14, 2010 7:59pm
Quoting GeraldFX
I know many traders would say to trade from smaller timeframe and look at bigger timeframe as reference would be difficult to trade. I have to agree on this thou because it makes me tired For my rules, the signals doesn't come often but if it does, its profitable. I'm looking for a higher tf strategy now. Maybe you can share something too?

1. Wait for ts/ks cross above/below kumo in M5
2. Check chikou above/below kumo, else wait for chikou above/below kumo & if price is distance away from TS then wait for pullback first.
3. SL < 30 pips
4....
i totally don't agree with the traders who say that the higher TFs wil not be helpful if you trade from a smaller one , cause simply this is a break for the golden rule TREND IS YOUR FRIEND

i am sure that you will end up adding another rule to your above points which is FOLLOW THE TREND cause if you are not following the trend then you are not making money !!!

1.Check the direction of the 1hr and 4Hrs chart
2. Wait for ts/ks cross above/below kumo in M5
3. Check chikou above/below kumo, else wait for chikou above/below kumo & if price is distance away from TS then wait for pullback first.
4. SL < 30 pips
5. Check bigger TF for a few support/resistance as TP area
6. If TP < 30 pips = no trade

following the higher TFs is very easy , u can make a check list with all the pairs u have ( like the simple one i attached in here ) and when you wake up in the morning u check the 1hr and 4hrs charts and see if the price is above both or below both.

in your check list write in front of each pair if you gonna buy or sell or neutral and start trading the rules u stated above

am sure you will be amazed with the results and you will hardly lose ,cause you will not be fighting the market actually you will be floating in harmony with the market

we can say that these are our entry rules, still we didn't fill all our trading rules !!!
there is something for sure is missing in here cause trading is not only the entry

what other rules u think we shall add to the list !!!
Attached Image
  • #14,162
  • Nov 14, 2010 8:13pm Nov 14, 2010 8:13pm
Dear Vic,

So if the H1 is bullish (base on price above kumo & ts/ks bullish) but H4 is bearish (base on price below kumo & ts/ks bearish). How do you look into this senario?
  • #14,163
  • Nov 14, 2010 8:16pm Nov 14, 2010 8:16pm
Quoting GeraldFX
Dear Vic,

So if the H1 is bullish (base on price above kumo & ts/ks bullish) but H4 is bearish (base on price below kumo & ts/ks bearish). How do you look into this senario?
The Kumo is the trend
if the price is above the kumo in both then we are in up trend , if it is below the kumo in both then we are in a downtrend.
if it is mixed then we are in neutral state which means that we shall not trade this pair .
  • #14,164
  • Nov 15, 2010 1:02am Nov 15, 2010 1:02am
So in order to the Kumo, these pairs are
- Eur neutral
- Gu neutral
- Uchf buy
- Uj buy
- Au sell
- Ucad neutral
  • #14,165
  • Nov 15, 2010 2:57am Nov 15, 2010 2:57am
hi my friends,
thank's to all for the support..
here my first trade using this beautiful system...
but it was demo.....

other two still running: eu e audusd
Attached Image (click to enlarge)
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  • #14,166
  • Nov 15, 2010 4:41am Nov 15, 2010 4:41am
What if there was no strong ts/ks cross? Would you have entered the market if it was a neutral ts/ks cross? Will you trade it when ts/ks out of kumo and chikou in open space?
  • #14,167
  • Nov 15, 2010 4:53am Nov 15, 2010 4:53am
hi all..

another profitable trade!!!!

i like this system!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2° trade eu.jpg Size: 297 KB
  • #14,168
  • Nov 15, 2010 5:17am Nov 15, 2010 5:17am
Quoting dnabrasil
hi all..

another profitable trade!!!!

i like this system!!
Nice trade. Keep it up. I'm still riding the trend..

SL = KS + 5 pips. Watching this trade closely as price has left TS very far in H1. Well, in ichimoku, its hard to catch the head and tail of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 15-11-2010-eu-m5.gif Size: 29 KB
  • #14,169
  • Nov 15, 2010 5:26am Nov 15, 2010 5:26am
i have a question:
perhaps a stupid one!!

what about if we have a strong 5m signal i.e. ts/ks cross above the kumo with ck above the price, but in h1 and h4 we have the price below kumo?

i do not enter, and you???
  • #14,170
  • Nov 15, 2010 5:35am Nov 15, 2010 5:35am
Quoting dnabrasil
i have a question:
perhaps a stupid one!!

what about if we have a strong 5m signal i.e. ts/ks cross above the kumo with ck above the price, but in h1 and h4 we have the price below kumo?

i do not enter, and you???

You would be trading against the over all trend, so you could be taking the risk of a quick reversall. Probably better to wait for the M5 to revert back to a Sell signal...which it should do, in agreement with the higher TF's.

So based on that I also wouldn't enter the trade LONG.
  • #14,171
  • Nov 15, 2010 5:36am Nov 15, 2010 5:36am
If in that case, i believe that you are trading against the trend of the major tf. But from Manesh Patel's book, its always good to have a trading plan for trend trading, counter trend trading and consolidation. there is no right or wrong as long as it is profitable
  • #14,172
  • Nov 15, 2010 5:37am Nov 15, 2010 5:37am
Quoting Ichi Kid
You would be trading against the over all trend, so you could be taking the risk of a quick reversall. Probably better to wait for the M5 to revert back to a Sell signal...which it should do, in agreement with the higher TF's.

So based on that I also wouldn't enter the trade LONG.
maybe i could consider it like a retrace??

in an aggressive way i can trade in the trend direction, as per say short!!!!
but i'm not so mad!!
  • #14,173
  • Nov 15, 2010 5:38am Nov 15, 2010 5:38am
Quoting GeraldFX
Nice trade. Keep it up. I'm still riding the trend..

SL = KS + 5 pips. Watching this trade closely as price has left TS very far in H1. Well, in ichimoku, its hard to catch the head and tail of the trend.

Approaching Kumo resistance on the D1? So potential for the trend to end soon and head back towards the KS on D1? Althought the TS and KS are showing a weak cross to the short side...
  • #14,174
  • Nov 15, 2010 6:08am Nov 15, 2010 6:08am
Quoting GeraldFX
If in that case, i believe that you are trading against the trend of the major tf. But from Manesh Patel's book, its always good to have a trading plan for trend trading, counter trend trading and consolidation. there is no right or wrong as long as it is profitable
hi gerld, where i could find this book?
could give it to me?
  • #14,175
  • Nov 15, 2010 6:14am Nov 15, 2010 6:14am
Here it is in Amazon:

http://www.amazon.com/Trading-Ichimo.../dp/0470609931
  • #14,176
  • Nov 15, 2010 6:18am Nov 15, 2010 6:18am
Quoting GeraldFX
If in that case, i believe that you are trading against the trend of the major tf. But from Manesh Patel's book, its always good to have a trading plan for trend trading, counter trend trading and consolidation. there is no right or wrong as long as it is profitable

I have the book on order from Amazon, been waiting for weeks for it. Hopefully it is worth the wait?
  • #14,177
  • Nov 15, 2010 11:39am Nov 15, 2010 11:39am
Take a look at last friday's gbpjpy.

On the H4, it was a bullish trend.
On the H1, it was a bullish trend when the price broke the kumo.
So how would u have traded the M5?

As there is no strong ts/ks cross, would you have traded it when all ichi component showed bullish sign?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15-11-2010-gbpjpy-h4.gif Size: 36 KB
Click to Enlarge Name: 15-11-2010-gbpjpy-h1.gif Size: 37 KB
Click to Enlarge Name: 15-11-2010-gbpjpy-m5.gif Size: 44 KB
  • #14,178
  • Nov 15, 2010 12:54pm Nov 15, 2010 12:54pm
Quoting GeraldFX
Take a look at last friday's gbpjpy.

On the H4, it was a bullish trend.
On the H1, it was a bullish trend when the price broke the kumo.
So how would u have traded the M5?

As there is no strong ts/ks cross, would you have traded it when all ichi component showed bullish sign?
well the answer is very simple.
you didn't see an entry signal as per your rules

1.Check the direction of the 1hr and 4Hrs chart
2. Wait for ts/ks cross above/below kumo in M5
3. Check chikou above/below kumo, else wait for chikou above/below kumo & if price is distance away from TS then wait for pullback first.
4. SL < 30 pips
5. Check bigger TF for a few support/resistance as TP area
6. If TP < 30 pips = no trade

then you are not to trade this one , and u shall find another one

it is simple , your rules are your guide , if the market is not making your rules this means that there is something wrong and u shall find another pair where your rules are complete

good luck
vic
  • #14,179
  • Nov 15, 2010 2:04pm Nov 15, 2010 2:04pm
Quoting vic_elc
well the answer is very simple.
you didn't see an entry signal as per your rules

1.Check the direction of the 1hr and 4Hrs chart
when you chek this direction, at what you are watching?
- the colour of the future kumo?
or
-where is the price (above or below kumo)?

what about if you have the price above a read kumo, or the price below a green kumo??

thank's in advance vic and all,
your's and other's support is very important for me...!!
  • #14,180
  • Nov 15, 2010 3:12pm Nov 15, 2010 3:12pm
For me future kumo is sign... one sign of a lot of signs... just integrate it in your decision so you have the whole view of ichimoku...
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