Ichimoku forever | Page 758 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Ichimoku forever
Exit Attachments

Ichimoku forever

  • #15,141
  • Dec 17, 2010 2:08am Dec 17, 2010 2:08am
GBPCHF : PA is quite far from the TS on Daily, and H4 has flat KS, do you think we might get a pullback before the down trend continues?

Going to keep an eye on the lower TF's M15 and M30.

Like to know what you guys think.
  • #15,142
  • Dec 17, 2010 2:12am Dec 17, 2010 2:12am
Quoting Ichi Kid
GBPCHF : PA is quite far from the TS on Daily, and H4 has flat KS, do you think we might get a pullback before the down trend continues?

Going to keep an eye on the lower TF's M15 and M30.

Like to know what you guys think.
M30 had a doji. Probably a pullback and no trade today. It almost had a day range from the asian hour. But im still waiting for a ts/ks cross.
  • #15,143
  • Dec 17, 2010 2:38am Dec 17, 2010 2:38am
Quoting GeraldFX
M30 had a doji. Probably a pullback and no trade today. It almost had a day range from the asian hour. But im still waiting for a ts/ks cross.

I was about to comment on the fact that there is a hammer forming on the H4 chart, however that is not the case on my Alpari MT4 chart.

The H4 on my FXCM chart is clearly forming a hammer.
  • #15,144
  • Dec 17, 2010 2:59am Dec 17, 2010 2:59am
Quoting GeraldFX
M30 had a doji. Probably a pullback and no trade today. It almost had a day range from the asian hour. But im still waiting for a ts/ks cross.
If 15min candle closes below TS/KS and 5min candle breaking below kumo with confirmation, I'm willing to jump onto the bear wagon.

Regarding 4h candle ichi, as long as it hasn't formed yet, i'm still positive it's gonna go down.
  • #15,145
  • Dec 17, 2010 5:30am Dec 17, 2010 5:30am
Quoting Ichi Kid
GBPCHF :

Going to keep an eye on the lower TF's M15 and M30.

Like to know what you guys think.
Guys have a nice weekend.. +61 pips on gbpchf. I am off to relax like Vic. Awesome week, awesome forum
  • #15,146
  • Dec 17, 2010 6:46am Dec 17, 2010 6:46am
am waiting fo close below 1.49575
Attached Image
  • #15,147
  • Dec 17, 2010 11:51am Dec 17, 2010 11:51am
You always here the “ichimoku is used in japan” statement well here is one from a guy at a large bank in Japan. (this was on the front page of FF)

http://www.bloomberg.com/news/2010-1...-analysis.html
  • #15,148
  • Dec 17, 2010 11:59am Dec 17, 2010 11:59am
Hi,

I have read through the thread and many other available Ichimoku sites (e.g. http://www.ichi360.com/, http://www.kumotrader.com/ichimoku_w...itle=Main_Page etc.) but I still have a very important question. Personally I vote for strong Ichimoku signal to enter a trade, but how can I set a proper stop-loss? I know how to calculate the lot-size if I know how much I can risk (for me this is 2% of my capital). But what can be a proper method for estimating the distance of stop loss? ATR, 2 ATR, Dochnian channel, Bollinger Bands, Fractals, Parabolic SAR? For a certain time frame which one can be the best not to get shaken out of the position by the natural noise of the market?

Thanks.

Ric
  • #15,149
  • Dec 17, 2010 1:59pm Dec 17, 2010 1:59pm
Quoting 4xAddict
You quickly realise that your exit strategy is the key to longer term success. This is how to maximise your opportunities that ichi gives to you. Sometimes opening 3 positions is good, TP1 @ 20-30, TP2 @50-60, TP3@100-120.
I agree. Exit strategy is far more important than entries.

About profit targets, I used to think the same way as you until I studied Van K Thap's books about position sizing but since then I changed my mind and my trading style.

In my oppinion exiting part of the position at defined levels before your exit point might be the best strategy to keep a high win percentage, but is not the best strategy to maximize the money earned.

I analyzed my past trades and realized that I would have been far more profitable without setting different profit targets.

The problem is that all three positions keeps the same risk (entry - stoploss). If you win all, then you win only part of the pips. If you loose all then you take all the risk.

In my case I open one position for each signal, I use TS/KS cross in the contrary direction as an exit signal and a trailing stop - behind kumo or behind 14 period volatility (whichever is near). But for exit strategy everything should work good, even exiting at defined pips as many people do here.

Hope that helps
  • #15,150
  • Dec 17, 2010 5:35pm Dec 17, 2010 5:35pm
Quoting rbuki
Hi,

I have read through the thread and many other available Ichimoku sites (e.g. http://www.ichi360.com/, http://www.kumotrader.com/ichimoku_w...itle=Main_Page etc.) but I still have a very important question. Personally I vote for strong Ichimoku signal to enter a trade, but how can I set a proper stop-loss? I know how to calculate the lot-size if I know how much I can risk (for me this is 2% of my capital). But what can be a proper method for estimating the distance of stop loss? ATR, 2 ATR, Dochnian channel,...

i use the other side of the kumo as my initial SL , and then once my trade moves 50% of my TP i set my SL to BE

good luck
  • #15,151
  • Dec 17, 2010 5:37pm Dec 17, 2010 5:37pm
Quoting Fat-prophet
Guys have a nice weekend.. +61 pips on gbpchf. I am off to relax like Vic. Awesome week, awesome forum


good luck
  • #15,152
  • Dec 17, 2010 8:13pm Dec 17, 2010 8:13pm
Quoting rbuki
Hi,

I have read through the thread and many other available Ichimoku sites (e.g. http://www.ichi360.com/, http://www.kumotrader.com/ichimoku_w...itle=Main_Page etc.) but I still have a very important question. Personally I vote for strong Ichimoku signal to enter a trade, but how can I set a proper stop-loss? I know how to calculate the lot-size if I know how much I can risk (for me this is 2% of my capital). But what can be a proper method for estimating the distance of stop loss? ATR, 2 ATR, Dochnian channel,...
Hi Rbuki

Hope u had a great trading week.

For initial entry, I use either pivot points (Daily S1, S2, depending on the position for the day) or previous high/low for my SLs, and that is by looking at 30min chart to see if it formed a higher low or lower high. I will place 5-10 pips above the lower high/higher low for my SL.

However with the current trading strategy using ichimoku 15min breakouts and the sheet, my SL was NEVER hit for the past 3 weeks, and although my targets were never always hit before (since I exit earlier before my target was hit as I'm never comfortable about over night trades). But for Limit SLs the above is what I do

Hope that helps. Good luck
  • #15,153
  • Dec 18, 2010 5:32am Dec 18, 2010 5:32am
price broke below kumo again after a pullback, looks like abeginning of a freefall.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
  • #15,154
  • Dec 18, 2010 5:32am Dec 18, 2010 5:32am
this is my analysis for the next week...

you can see some level plotted in

as you can see, the price is supported only by senkou a weekly at 1.2943;

there are a lot o resistance like tenkan and kijun daily at 3315 and 3377, then we have senkou B weekly at the same level for the sma 90 at 3517..

so what i think..

the price will fall down with any defense!!

but in the case it rise, thanks to the attraction sma 90 daily and kumo flat daily, i think that will not go over 3625 where we have 2 strong support: tenkan weekly, kumo and sma 90 weekly...

this is what i can see by the chart, it shuold be fall, but what do you think??
Attached Image (click to enlarge)
Click to Enlarge Name: 18.12.2010.jpg Size: 332 KB
  • #15,155
  • Dec 18, 2010 8:20am Dec 18, 2010 8:20am
Firts of all thank you for the quick responses to my question about setting exit after entry. I plan to modell the different suggestions and after a series of demotrades I can calculate statistical performance (e.g. Payoff Ratio) by exit types.

The post of dnabrasil for the coming week is very good! But how can you calculate the weekly values of tenkan, kijun, senkou A and B and display it?

Thanks.
Ric
  • #15,156
  • Dec 18, 2010 3:35pm Dec 18, 2010 3:35pm
Quoting rbuki
The post of dnabrasil for the coming week is very good! But how can you calculate the weekly values of tenkan, kijun, senkou A and B and display it?

Thanks.
Ric
my friend, is very simple:
you look at the weekly chart and then put a line where there is kijun and so on with other values and TF!! you can rename and color every single horizontal line..
then you go to 1 hour and will have all together...!

the most difficult is give a response to this answer: will the price go up or down?
  • #15,157
  • Edited 4:09pm Dec 18, 2010 3:57pm | Edited 4:09pm
Quoting dnabrasil
my friend, is very simple:
you look at the weekly chart and then put a line where there is kijun and so on with other values and TF!! you can rename and color every single horizontal line..
then you go to 1 hour and will have all together...!

the most difficult is give a response to this answer: will the price go up or down?


love ur answer , simplicity is the key , keep it simple dont try to complicate things

check this out
where is the hell shall i set my SL

Inserted Video
  • #15,158
  • Dec 19, 2010 4:52pm Dec 19, 2010 4:52pm


Inserted Video
  • #15,159
  • Dec 19, 2010 9:39pm Dec 19, 2010 9:39pm
if you look at ichi360 you will find that he is following a stop loss indicator which looks quite similar to ks but i m no sure.

look this example http://www.ichi360.com/wp-content/up...JPY_291110.png


Quoting rbuki
Hi,

I have read through the thread and many other available Ichimoku sites (e.g. http://www.ichi360.com/, http://www.kumotrader.com/ichimoku_w...itle=Main_Page etc.) but I still have a very important question. Personally I vote for strong Ichimoku signal to enter a trade, but how can I set a proper stop-loss? I know how to calculate the lot-size if I know how much I can risk (for me this is 2% of my capital). But what can be a proper method for estimating the distance of stop loss? ATR, 2 ATR, Dochnian channel,...
  • #15,160
  • Dec 19, 2010 10:56pm Dec 19, 2010 10:56pm
GBP/[email protected]
6 traders viewing now