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Ichimoku forever

  • #14,401
  • Nov 20, 2010 11:08am Nov 20, 2010 11:08am
Quoting vic_elc
Guys
strong signal : Strongest VS Weakest
Medium signal :2nd strongest VS 2nd weakest
Weak signal :3rd strongest VS 3rd weakest
Hmmm sounds interesting.... which special information do we gain from the information that a pair is "medium" or "weak"?

I only could imagine that this is a sign one could trade "medium" and "weak" pairs (although we should prefer the "strong" one)!

If the above is true, then wouldn't it be better to classify as
MEDIUM: 2nd strongest vs. most weak / strongest vs. 2nd weak
WEAK: 2nd strongest vs. 2nd weak???
  • #14,402
  • Nov 20, 2010 11:24am Nov 20, 2010 11:24am
Quoting jimobiwan
I see Ichi charts with clouds extended to the right of the price action.

This is what i get on my system, the price action and cloud are in-line with each other.

Is this a normal Ichi chart or is the setting wrong? I am using the default setting.
Do you have chart shift function?
  • #14,403
  • Nov 20, 2010 11:36am Nov 20, 2010 11:36am
Quoting vic_elc
Guys

just to give you an idea about the new modifications i made to the sheet.

whenever we have a signal the sheet will go directly to the strength table and compare the strength of the 2 pairs to advise us if this signal is strong or medium or weak.

strong signal : Strongest VS Weakest
Medium signal :2nd strongest VS 2nd weakest
Weak signal :3rd strongest VS 3rd weakest

please feel free to give me ur feedback

have a great weekend all
cheers
Medium signal can also be strongest vs 2nd weakest.

Since we are only going to trade the strongest, its better to rank the top 3 strongest buy and weakest sell pair instead?
  • #14,404
  • Nov 20, 2010 11:44am Nov 20, 2010 11:44am
Here's an inspiration for the coming week!
Attached Image (click to enlarge)
Click to Enlarge Name: 48556-better-than-good-enough.jpg Size: 113 KB
  • #14,405
  • Nov 20, 2010 12:25pm Nov 20, 2010 12:25pm
Quoting GeraldFX
Do you have chart shift function?
Some brokers do not have such things... e.g. IG Markets has not future cloud!
  • #14,406
  • Nov 20, 2010 12:26pm Nov 20, 2010 12:26pm
Quoting GeraldFX
Here's an inspiration for the coming week!
Moving downwards... I understand!


ok....thx I will put on short-trades!
  • #14,407
  • Nov 20, 2010 1:07pm Nov 20, 2010 1:07pm
Quoting nightyhawk
Moving downwards... I understand!
ok....thx I will put on short-trades!
I ask u see the inspiration, not the direction, hahaha..
  • #14,408
  • Nov 20, 2010 2:05pm Nov 20, 2010 2:05pm
Quoting nightyhawk
Hmmm sounds interesting.... which special information do we gain from the information that a pair is "medium" or "weak"?

I only could imagine that this is a sign one could trade "medium" and "weak" pairs (although we should prefer the "strong" one)!

If the above is true, then wouldn't it be better to classify as
MEDIUM: 2nd strongest vs. most weak / strongest vs. 2nd weak
WEAK: 2nd strongest vs. 2nd weak???
well the idea behind the signal is the rule in the sheet "buy strong sell weak"

i am trying to filter the signals following this rule so we can always enter the most strongest signal ( direction ) we have.
so the strongest is always the best trade followed by the medium then the weak ones .

i think there is no problem with the strong signal we all agree that most strong vs most weak is the best .

i love the idea of the medium signal which can be the strongest vs the 2nd weak , i think this will add more power to the medium signal. also gerlad also have the same view . i'll update the sheet with this info once you all tell that u agree about it

about the weak what do u think : strongest VS 3rd most weak pair !!!!!!!

is this gonna be better ??!!!

thanks a lot guys for this great discussion we having in here
always looking forward to hear your feedback
have a great weekend
cheers
Vic
  • #14,409
  • Nov 20, 2010 2:12pm Nov 20, 2010 2:12pm
Well vic, to be honest I wouldn't consider the 3rd stongest/weakest signal at all. If you compare the absolut values for strong signals with the ones for the third strongest signal you'll find out that they differ a lot. So in my opinion their are "not worth" trading.

Lets concentrate on strongest vs. weakest (Absolutely reliable)! And

2nd strongest vs. most weak / strongest vs. 2nd weak
2nd strongest vs. 2nd weak

That means there are still four pairs left to concentrate on! That is more then enough (remember your times only trading EJ ! *how I do miss those times*)!
  • #14,410
  • Nov 20, 2010 2:13pm Nov 20, 2010 2:13pm
Quoting GeraldFX
Here's an inspiration for the coming week!
here is vic's inspiration for the upcoming week

enjooyy

Inserted Video
  • #14,411
  • Nov 20, 2010 2:29pm Nov 20, 2010 2:29pm
Quoting nightyhawk
Well vic, to be honest I wouldn't consider the 3rd stongest/weakest signal at all. If you compare the absolut values for strong signals with the ones for the third strongest signal you'll find out that they differ a lot. So in my opinion their are "not worth" trading.

Lets concentrate on strongest vs. weakest (Absolutely reliable)! And

2nd strongest vs. most weak / strongest vs. 2nd weak
2nd strongest vs. 2nd weak

That means there are still four pairs left to concentrate on! That is more then enough (remember your times only trading...
your words are so true , i was just thinking the same , the 3rd S/W will not be as good as the 2nd or the 1st. it will be a waste of time following it.

i agree with u about ur formula 2nd S vs Most W/ Strongest Vs 2nd W .......

i will work on the sheet tomorrow , and we can give it a try by next week and see what will be the outcome.

if you think there is something else we can consider in our calculation that will help please feel free to share it with me , i am ready to turn this sheet into a big project

i really miss the good old EJ days was the best days and they are the reason we are talking this now
  • #14,412
  • Nov 20, 2010 5:51pm Nov 20, 2010 5:51pm
dont forget that some of the best signals of ichimoku are in fact the Weak cross signals but they go a long way. why ? because the price was oversold or overbought.

RSI is must use with ichimoku.
  • #14,413
  • Nov 21, 2010 12:46am Nov 21, 2010 12:46am
I wish the best to all you Ichi Warriors.
  • #14,414
  • Nov 21, 2010 3:52am Nov 21, 2010 3:52am
hallo all i'm still confused how about kumo twist formation.in my opinion if Tenkan and kijun crossover with the current senkou A ... then it will twist Kumo futures. where senkou A and senkou B future will cross it's that true.....?

http://i52.tinypic.com/zsu3k6.gif

please help me...
  • #14,415
  • Nov 21, 2010 4:10am Nov 21, 2010 4:10am
Hey vic,

I'm sure I asked that already - but could not find the answer anymore. The question was: What is a Tenkan / Kijun Cross - especially in hindsight that they can move the same level for some time! So when you enter your trades after that particular cross, when does it happen in detail?
  • #14,416
  • Nov 21, 2010 4:47am Nov 21, 2010 4:47am
Quoting ands
hallo all i'm still confused how about kumo twist formation.in my opinion if Tenkan and kijun crossover with the current senkou A ... then it will twist Kumo futures. where senkou A and senkou B future will cross it's that true.....?

http://i52.tinypic.com/zsu3k6.gif

please help me...
It looks crowded. You should check longer time frames for confirmation.
The chart I assume in GBPUSD and 4H is still bearish, Daily is bullish but chiko span is touching the price.
  • #14,417
  • Nov 21, 2010 4:49am Nov 21, 2010 4:49am
Quoting nightyhawk
Hey vic,

I'm sure I asked that already - but could not find the answer anymore. The question was: What is a Tenkan / Kijun Cross - especially in hindsight that they can move the same level for some time! So when you enter your trades after that particular cross, when does it happen in detail?
You need to see if the crossing happened under or over the cloud. As far as I know the crossing confirms a trend change. As a rule make sure all the ichimoku parts confirm the same direction.
  • #14,418
  • Nov 21, 2010 5:01am Nov 21, 2010 5:01am
Quoting ands
hallo all i'm still confused how about kumo twist formation.in my opinion if Tenkan and kijun crossover with the current senkou A ... then it will twist Kumo futures. where senkou A and senkou B future will cross it's that true.....?

please help me...
Have you read here?

http://www.kumotrader.com/ichimoku_w...title=The_kumo
  • #14,419
  • Nov 21, 2010 5:10am Nov 21, 2010 5:10am
Hello Guys


i have updated the sheet with the new info as agreed with NH last night

please have a look at the way it is gonna be and let me know if u have any feed back

The formula used to calculate the strength of the signals is as follows

Strong: Strongest VS most weak
MEDIUM: 2nd strongest vs. most weak / strongest vs. 2nd weak
WEAK: 2nd strongest vs. 2nd weak

have a great day all
cheers
Vic
Attached Image (click to enlarge)
Click to Enlarge Name: sheet.JPG Size: 107 KB
  • #14,420
  • Nov 21, 2010 5:15am Nov 21, 2010 5:15am
Quoting vic_elc
Hello Guys


i have updated the sheet with the new info as agreed with NH last night

please have a look at the way it is gonna be and let me know if u have any feed back

The formula used to calculate the strength of the signals is as follows

Strong: Strongest VS most weak
MEDIUM: 2nd strongest vs. most weak / strongest vs. 2nd weak
WEAK: 2nd strongest vs. 2nd weak

have a great day all
cheers
Vic
Your formulas seem to be very nice... unfortunately some pairs are changed in their names?! So EURGBP is not GBPEUR *smile*! Nevertheless clever people like we should be able to transform this by ourselves. So all in all - very nice work vic !
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