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Ichimoku forever

  • #14,421
  • Nov 21, 2010 5:16am Nov 21, 2010 5:16am
Quoting edmturk
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.
Well unfortunately that was not by question. As you have surely noticed, Kijun and Tenkan canl move on the same price for some time. So when is the CROSS-TIME? When TS / KS move together or when they seperate?
  • #14,422
  • Nov 21, 2010 5:19am Nov 21, 2010 5:19am
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?
if i got ur question right then my answer will be as follows

i only take the strong Ts KS cross ( Ts cross Ks in the same direction of the cloud and they are not inside the cloud )

whenever i see a cross like this i open my position , if the price is far away from Ts we better wait and open our position with any pullback.

below Pic might help in this

have a great day


EDT:I have added more examples , hope this will make it clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 35 KB
Click to Enlarge Name: audjpydaily.gif Size: 42 KB
Click to Enlarge Name: eurusddaily.gif Size: 37 KB
Click to Enlarge Name: gbpjpy.gif Size: 39 KB
  • #14,423
  • Nov 21, 2010 5:20am Nov 21, 2010 5:20am
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 ...
Nice! Here's a few cheerleaders for you ...

o/ \o o/ o//
  • #14,424
  • Nov 21, 2010 5:22am Nov 21, 2010 5:22am
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

Hi Vic,

How to use this Medium & Weak as a trading idea ?

From the chart, how come you would not put Weak for USD/JPY?

Thanks,
FB.
  • #14,425
  • Nov 21, 2010 5:24am Nov 21, 2010 5:24am
Quoting GeraldFX
Nice! Here's a few cheerleaders for you ...

o/ o o/ o//
  • #14,426
  • Nov 21, 2010 5:29am Nov 21, 2010 5:29am
Quoting foxybunny
Hi Vic,

How to use this Medium & Weak as a trading idea ?

From the chart, how come you would not put Weak for USD/JPY?

Thanks,
FB.
be aware that the data in the last pic i attached is not updated as the market condition at the moment.

regarding using the sheet we can always make it simple

if the sheet says the the strongest direction is the GBP USD , then we will open the GBP USD chart and wait for a signal , we will always give the high priority for the strongest one.
followed by the 2 medium signals and then the weak one.

myself i'll not waste my time chasing charts , i'll just update the sheet every Hr and will only follow the pairs that appears in the Direction strength table

this will make our job easy and will save us time

i hope this answers ur questions
cheers
  • #14,427
  • Nov 21, 2010 5:42am Nov 21, 2010 5:42am
Quoting nightyhawk
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 !
yeah i noticed the same , i tried to change it but i couldn't for now, but as u said smart people will always be aware what they are doing

have a great day
Vic
  • #14,428
  • Nov 21, 2010 6:14am Nov 21, 2010 6:14am
Quoting vic_elc
if i got ur question right then my answer will be as follows ...
Ok once my question again..... in the attached chart, you have a TS/KS cross... however this cross takes some time (unlike Moving Averages which cross in one SINGLE Point), cause TS and KS are moving between PT1 and PT2 on the same line! We now have three possibilities:

1) Entry at Pt1 when both lines starting move together! Problem, they could seperate in the wrong direction - so we had no valid cross!

2) Entry at Pt2 when both lines seperate. Problem, they moved maybe a long way together and we'd miss some pips....

3) Stand on the side and just wait for another opportunity... Problem: Almost none!
Attached Image (click to enlarge)
Click to Enlarge Name: nj.gif Size: 70 KB
  • #14,429
  • Nov 21, 2010 6:36am Nov 21, 2010 6:36am
Quoting nightyhawk
Ok once my question again..... in the attached chart, you have a TS/KS cross... however this cross takes some time (unlike Moving Averages which cross in one SINGLE Point), cause TS and KS are moving between PT1 and PT2 on the same line! We now have three possibilities:

1) Entry at Pt1 when both lines starting move together! Problem, they could seperate in the wrong direction - so we had no valid cross!

2) Entry at Pt2 when both lines seperate. Problem, they moved maybe a long way together and we'd miss some pips....

3) Stand on the side and...
I personally think point 2 because when price leaves ts too far, it will tend to do a pullback. it is better to miss some pips and get in the right direction than to trade in the wrong direction, not?
  • #14,430
  • Nov 21, 2010 6:39am Nov 21, 2010 6:39am
Dear All, Ichimoku Marketwatch v3 is updated as in my signature. Happy Pipping!
  • #14,431
  • Nov 21, 2010 6:50am Nov 21, 2010 6:50am
Hi Vic,

Noticed that for example if a Currency is Strong in H4 and is Strong in H1, and that if it been way above the Kumo for quite a long time, it may likely to go down and become Weak.

And I also noticed that a New Kumo Twist in the H4 may show a good possibility of New Trend developing.

Keeping the spreadsheet talking just about H4, H1, Kumo, not KS/TS cross, not Chikou, how do we track this New Kumo Twist in H4 the ranking to show a Trend coming ??

Is it a good idea to track a New Kumo Twist some way?

Cheers,
FB.
  • #14,432
  • Nov 21, 2010 6:59am Nov 21, 2010 6:59am
Quoting nightyhawk
Ok once my question again..... in the attached chart, you have a TS/KS cross... however this cross takes some time (unlike Moving Averages which cross in one SINGLE Point), cause TS and KS are moving between PT1 and PT2 on the same line! We now have three possibilities:

1) Entry at Pt1 when both lines starting move together! Problem, they could seperate in the wrong direction - so we had no valid cross!

2) Entry at Pt2 when both lines seperate. Problem, they moved maybe a long way together and we'd miss some pips....

3) Stand on the side...
i'd go with point 2 , i make it easy for myself ,if there is a cross for sure i'll see Ts is passing through Ks ,as long as they are moving together it means that there is no signal for now,

regarding the pips u say we gonna lose, i don't think about this way as long as the chart is moving we are not losing any pips

we only lose when it is trending against us
good luck
  • #14,433
  • Nov 21, 2010 7:07am Nov 21, 2010 7:07am
Quoting foxybunny
Hi Vic,

Noticed that for example if a Currency is Strong in H4 and is Strong in H1, and that if it been way above the Kumo for quite a long time, it may likely to go down and become Weak.

And I also noticed that a New Kumo Twist in the H4 may show a good possibility of New Trend developing.

Keeping the spreadsheet talking just about H4, H1, Kumo, not KS/TS cross, not Chikou, how do we track this New Kumo Twist in H4 the ranking to show a Trend coming ??

Is it a good idea to track a New Kumo Twist some way?

Cheers,
FB.

The Kumo Twist and the Ts Ks cross and even the Cs break are just entry signals, what we are trying to do with the sheet is 2 things

-make sure that only enter the trending pairs, where the price location is aligned in the 1hr 4hrs Vs the kumo ( the trend )

-and make sure that we trade the most trending pair in the market which ensure that our money in the most safe place ( direction strength )

hope this make it clear
cheers
  • #14,434
  • Nov 21, 2010 8:57am Nov 21, 2010 8:57am
hi all..
a question about the sheet:
coz i'm not a excel programmer, how could i update every hour the gerald's sheet?i have to wait someone make it or there's a manner to do it?
thank you
  • #14,435
  • Nov 21, 2010 9:24am Nov 21, 2010 9:24am
Quoting dnabrasil
hi all..
a question about the sheet:
coz i'm not a excel programmer, how could i update every hour the gerald's sheet?i have to wait someone make it or there's a manner to do it?
thank you
you can work with gerald updating the sheet , u may pass him a PM and he will send u back the link where is sheet is shared.

the point is that u must be committed to update the sheet.

i think we will only be working during london session so it will not be a big deal

have a great day
cheers
  • #14,436
  • Nov 21, 2010 9:24am Nov 21, 2010 9:24am
Quoting dnabrasil
hi all..
a question about the sheet:
coz i'm not a excel programmer, how could i update every hour the gerald's sheet?i have to wait someone make it or there's a manner to do it?
thank you
You got PM
  • #14,437
  • Nov 21, 2010 9:28am Nov 21, 2010 9:28am
Hello All again

If you like the new IMW sheet and ready to work following it u may simply send GeraldFX a PM so u can arrange working with him updating the sheet

have a great week all
Vic
  • #14,438
  • Nov 21, 2010 9:30am Nov 21, 2010 9:30am
See you all in London hour. I'll not update much till London hour.
  • #14,439
  • Nov 21, 2010 9:31am Nov 21, 2010 9:31am
Quoting GeraldFX
See you all in London hour. I'll not update much till London hour.
Good luck to all of us
  • #14,440
  • Nov 21, 2010 4:15pm Nov 21, 2010 4:15pm
https://spreadsheets.google.com/ccc?...UNm1PelE&hl=en

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