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Ichimoku forever

  • #15,381
  • Dec 30, 2010 7:54am Dec 30, 2010 7:54am
i want to say thank you to all of you,
i don't want to catch the bottom and the top of the trend,
i'd like to know when a clear trend in 15 minute is finishing, because if i am in and if i see a point of reversing, i will close with even little loss, rather than waiting for a more loss, hoping the trend will continue...!

i will try to catch this moment with the cross P/KS..
  • #15,382
  • Dec 30, 2010 7:54am Dec 30, 2010 7:54am
Wishing all traders a Happy New Year 2011!
  • #15,383
  • Dec 30, 2010 8:00am Dec 30, 2010 8:00am
Quoting GeraldFX
Wishing all traders a Happy New Year 2011!
  • #15,384
  • Dec 30, 2010 8:08am Dec 30, 2010 8:08am
Quoting dnabrasil
i want to say thank you to all of you,
i don't want to catch the bottom and the top of the trend,
i'd like to know when a clear trend in 15 minute is finishing, because if i am in and if i see a point of reversing, i will close with even little loss, rather than waiting for a more loss, hoping the trend will continue...!

i will try to catch this moment with the cross P/KS..
On the 15min if you set a short term target (e.g 20 pips) and then move your SL to 20pips behind your entry price then the trade will be risk free and cost you nothing anyway.

Often you will find that if a candle opens and closes above the 15min KS (for bearish trade) then this can mean the short term trend is undecided. You can always reenter once price closes back below the KS. Also, watching the 30min and 1hr TF and knowing how far the average distance that price falls below the KS is this can provide a decent indication that a pair may be ready for a small reversal or a rest before continuation.

E.G if there is a strong down trend over past 2 weeks in E/U, the price action on 30min chart may never move more than 60 pips below the KS before retracing slightly. If the signal you get on the 15min is happening when the 30min is at the bottom of this range then this can often mean that the 15min trend may not have immediate follow through. Definitely doesn't mean that the trend has stopped but means price action may need to consolidate a little before moving down again.

I have found that most pairs do not like moving more than a certain amount of pips above/below their KS. Obviously when an unusual event like September 11 or Lehman collapse occurs then this may cause it to behave differently but we cannot trade everyday waiting for unusual events or we would never trade.

Just my thoughts.
  • #15,385
  • Dec 30, 2010 8:38am Dec 30, 2010 8:38am
Quoting dnabrasil
i want to say thank you to all of you,
i don't want to catch the bottom and the top of the trend,
i'd like to know when a clear trend in 15 minute is finishing, because if i am in and if i see a point of reversing, i will close with even little loss, rather than waiting for a more loss, hoping the trend will continue...!

i will try to catch this moment with the cross P/KS..
Try with close on KS-H1.
  • #15,386
  • Dec 30, 2010 8:45am Dec 30, 2010 8:45am
hey guys! i was bored and felt like tweaking the ichi settings. and um, i found a setting which is 9,54, 52. but for this setting, you only make the kijun sen and tenkan sen visible. and then, u combine it with a 9, 26, 52 setting and make only the clouds visible.

the idea was just stability and less fake signals. just that. i mean, we all know that faster setting like 9, 26 can always give earlier and more signals but it turns out that sometimes it's fake or too early and we end up with losses, big or small.

so, with 9, 54 we'll get less signals and the signals may come in just a little late but it's a little more reliable if we use it together with the sheet.

for exitting, i find it interesting to use heiken ashi smoothed with the setting of 0, 30, 3, 2. u can find the indicator on FF, i believe.

and here are some pictures of the difference. the picture with yellow elipse, shows a fake signal from ks/ts cross. so um, i guess, it might help us to stay in trend and the heiken ashi will help us to find a nice exit spot or at least a warning.

so, WHAT DO YOU GUYS THINK?

HAPPY NEW YEAR GUYS!
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  • #15,387
  • Dec 30, 2010 10:19am Dec 30, 2010 10:19am
Quoting fxripper
so, WHAT DO YOU GUYS THINK?
Success comes not by changing some parameters and even not by "tweaking the ichi settings". Success is deeply located in yourself... so please see Ichi as what it is... a very powerful and reliable instrument to assist you in being successful!
  • #15,388
  • Dec 30, 2010 10:45am Dec 30, 2010 10:45am
Quoting nightyhawk
Success comes not by changing some parameters and even not by "tweaking the ichi settings". Success is deeply located in yourself... so please see Ichi as what it is... a very powerful and reliable instrument to assist you in being successful!
I think if somebody learn and practise, and again, again, the style will come. The style could be different by person, less or more than the normal picture. As we heard about succesfull traders, who don't use the chinkou (we know its important) I think its possible to use it with more "gadgets" if it comfortable.
I think if we dont take in our personality to our system it doesnt work. From the other side, if it dont need personality, anybody can code it down, and dont necessary the human traders.
But the common base is the Ichimoku, it gives the most for us!
  • #15,389
  • Dec 30, 2010 10:49am Dec 30, 2010 10:49am
Quoting legalindo
GBP/JPY-H1-Sell
1st Close: + 50 pips.
  • #15,390
  • Dec 30, 2010 12:23pm Dec 30, 2010 12:23pm
Quoting nightyhawk
Success comes not by changing some parameters and even not by "tweaking the ichi settings". Success is deeply located in yourself... so please see Ichi as what it is... a very powerful and reliable instrument to assist you in being successful!
i agree with NH

ichimoku is to used as it was designed , i think the people invented ichimoku are more smart than we are .

moreover it is not about the trading system , it is about the trader him/her self
it is only a matter of practice and discipline !!

P.S if you don't believe me i can turn this thread to be 55SMA forever and we all will make a lot of pips same we are doing with ichimoku

good luck guys and happy new year
  • #15,391
  • Dec 30, 2010 12:26pm Dec 30, 2010 12:26pm
Hi everyone, hope you all had a good Christmas, hope you have a good new Year.

I have not been on here over Christmas, taking a break from the charts....I have just noticed the Market watch spread sheet is no longer online and also that you guys have removed the link from your signatures?

Are we no longer using it?

Ichi
  • #15,392
  • Dec 30, 2010 12:34pm Dec 30, 2010 12:34pm
Here is a link to a webinar on only getting a percent of a move with ichi, and not worrying about the whole move.

http://www.fxstreet.com/webinars/ses...7-ce7c0926930d

Another thing is your profit in dollars is separate from your profit in pips, because the value of each pip traded depends on the amount of money you risk per trade. So if for example on average a move on 15min time frame move 60 pips, you could take 40 pips of that and have a good idea that it would fill a high percentage of the time. Now depending how much money you risk those 40 pips could easily be $.40, $400 or $4000 from the same 40 pips.

So would you rather make $400 per trade / per day with low risk or take a chance on getting those last few pips out of a move. There is a web video somewhere that talks about trying to get the middle of the moves and not trying to guess the start and ends, but wait for good entries take a percent of what you think it will do and be happy about it.
  • #15,393
  • Dec 30, 2010 12:38pm Dec 30, 2010 12:38pm
Quoting Gorron
Here is a link to a webinar on only getting a percent of a move with ichi, and not worrying about the whole move.

http://www.fxstreet.com/webinars/ses...7-ce7c0926930d

Another thing is your profit in dollars is separate from your profit in pips, because the value of each pip traded depends on the amount of money you risk per trade. So if for example on average a move on 15min time frame move 60 pips, you could take 40 pips of that and have a good idea that it would fill a high percentage...


i have a friend who looks for 10 pips only per day , so whenever he gets 50 pips he is off for the rest of the week

lucky him
  • #15,394
  • Dec 30, 2010 12:54pm Dec 30, 2010 12:54pm
Hi All

i have requested gerald to remove the sheet from the link.
We all now aware about the sheet and how to use it .

i think everyone of us has a copy of the sheet by now , and if you don't have it you can check the posts by Gorron , he already posted a sheet few days ago.

but why Vic ?!!!!!!!!!

it is time for all of us to make a new start by the new year.
each one of us now is responsible for his own trades and his own sheet.

there is no need to wait for someone to do our work
we are now real traders we all can do the job

so hit me with ur trades

happy new year
  • #15,395
  • Dec 30, 2010 12:54pm Dec 30, 2010 12:54pm
Quoting vic_elc


i have a friend who looks for 10 pips only per day , so whenever he gets 50 pips he is off for the rest of the week

lucky him
Yes but Samer trades with an amount bigger than GDP of some countries
  • #15,396
  • Dec 30, 2010 12:57pm Dec 30, 2010 12:57pm
Quoting 4xAddict
Yes but Samer trades with an amount bigger than GDP of some countries
llooooooooooooll it was not samer
but i am sure samer needs only 1 pip a month to make millions

happy new year mate
  • #15,397
  • Dec 30, 2010 2:34pm Dec 30, 2010 2:34pm
Quoting vic_elc
i agree with NH

ichimoku is to used as it was designed , i think the people invented ichimoku are more smart than we are .

moreover it is not about the trading system , it is about the trader him/her self
it is only a matter of practice and discipline !!

P.S if you don't believe me i can turn this thread to be 55SMA forever and we all will make a lot of pips same we are doing with ichimoku

good luck guys and happy new year
In FF factory, long ago, I found a publication of a great trader, EgyTrader, in the same presented the results of their work using the parameters Ichimiku 9,17,26.

After reading this great work, I began to use the system to these parameters looking for traiding patterns of all the lines indicated by Egy Ichimoku in their work.

I think Egy spend much time studying the system and recommended settings, for this and the results obtained, first in demo and then in real, I think these settings work for me.

I think every trader should find the system that is more comfortable (based on any indicator or set of indicators) and only apply to discpline and have patience.
  • #15,398
  • Dec 30, 2010 2:43pm Dec 30, 2010 2:43pm
Quoting legalindo
In FF factory, long ago, I found a publication of a great trader, EgyTrader, in the same presented the results of their work using the parameters Ichimiku 9,17,26.

After reading this great work, I began to use the system to these parameters looking for traiding patterns of all the lines indicated by Egy Ichimoku in their work.

I think Egy spend much time studying the system and recommended settings, for this and the results obtained, first real demo and then, I think these settings work for me.

I think every trader should find the system...
EgyTrader is very good using ichimoku

i remember when he started to post in here he used to have a good talent analyzing using ichimoku , he talked with me before about the patterns thing,i wonder how he is doing now!!!

for me trading is something different , i like to keep it simple

it's a trend and i shall only follow it, and guess what it works supeeeeeerrrr greaaaat

from your trades i see u making good pips, cause you know how spot the trend and how to trade, when u enter, when u'll TP where is ur SL

this is why trading with any indicator or with any settings will not be a big issue

TREND IS YOUR FRIEND
  • #15,399
  • Edited 8:21pm Dec 30, 2010 7:49pm | Edited 8:21pm
Quoting vic_elc
EgyTrader is very good using ichimoku

i remember when he started to post in here he used to have a good talent analyzing using ichimoku , he talked with me before about the patterns thing,i wonder how he is doing now!!!

for me trading is something different , i like to keep it simple

it's a trend and i shall only follow it, and guess what it works supeeeeeerrrr greaaaat

from your trades i see u making good pips, cause you know how spot the trend...
Actually, what I call patterns are simply the configuration of CS, TS, KS, KS-4TF and Kumo.

That is how you should see the lines (like agroup) to enter.

I think the word "pattern" is not used well, it is rather the verification of the configuration of the lines.

As you say, the deal is to keep everything very simple, and always with the trend.

Now, I only trade with H4 trend and sometimes against the 1 Day trend.

How looks my system? (Remeber I use Ichimoku [9,17,26])

Every hour I look for "my configuration", I mean how looks CS, TS, KS, KS-4TF and Kumo, and when I find it, go in. Very simple.
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  • #15,400
  • Dec 31, 2010 3:51am Dec 31, 2010 3:51am
When we are looking on the chart with Ichimoku system in the past we have a problem with CS and future kumo to see the right candle left and right from current candle.

We need tool like a crosshair but with 2 additional vertical lines (1 left – 26 candles and one right + 26 candles). Did anyone know for such tool? Or you have some other solution? Maybe someone have enough coding capability to code such tool?

I am ex-VT Trader user and I try to learn MT platform but I need time.

HAPPY NEW YEAR
Regards, ChartRunner
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