@SanMiguel,
Try check the chikou for your recent ES trade back in July/August. Does it fit in better with the chikou analysis?
Try check the chikou for your recent ES trade back in July/August. Does it fit in better with the chikou analysis?
4% A Day Forever 1,432 replies
an EA that worked forever 29 replies
Forever Demo Account 9 replies
DislikedThanks for the reply.
Am I right in saying that the traders who play the kumo breakouts do not usually wait for the CS to exit the kumo?
Otherwise you are always waiting for a 26 day delay for the CS to breakout and that is in fact a CS breakout strategy instead.
Just technically though, when you say this:
This is because chikou can get bounced off the senkou span A
what this means is that the current price 26 periods back is within the average range of (Tenkan-sen + kijun-sen)/2 plotted 26 periods ahead - it's just mathematical calculation...price...Ignored
DislikedThanks for the reply.
Am I right in saying that the traders who play the kumo breakouts do not usually wait for the CS to exit the kumo?
Otherwise you are always waiting for a 26 day delay for the CS to breakout and that is in fact a CS breakout strategy instead.Ignored
DislikedI'm simply pointing out areas where it hasn't worked as those are the areas I concentrate on as you have to cut them out of your trading.
I can show you are very good article in Currency Trader magazine where they go on to show how some technical indicators only work on certain pairs with particular settings and they were also designed to work in a different set of market behaviour. At its heart, ichimoku is simply a set of averages and suffers from the same problems as MA crossover strategies.
I am posting these charts for discussion not for each...Ignored
DislikedI'm simply pointing out areas where it hasn't worked as those are the areas I concentrate on as you have to cut them out of your trading.
I can show you are very good article in Currency Trader magazine where they go on to show how some technical indicators only work on certain pairs with particular settings and they were also designed to work in a different set of market behaviour. At its heart, ichimoku is simply a set of averages and suffers from the same problems as MA crossover strategies.
I am posting these charts for discussion not for...Ignored
DislikedIt seems like you are just here trying to argue with people just to argue when ever anyone post anything to answer you just start a new argument that they are wrong again. Maybe ichi just does not work for you so why argue with people that is does work for? you don’t really care what they are doing, you just want to argue that they are wrong. Your usd/jpy chart does not have the chikou on the chart you would not have traded it if you had that on there, but you don’t really care either way you just want to argue that these guys are wrong.
So...Ignored
Dislikedeh?
I'm simply pointing out some limitations because it is the losses that you have to cut out.
I pointed out some simple arguments about fib analysis on the euro as to a reason why it was a short and not a kumo breakout buy.
Like I said, ichi works for me on the daily as a one glance chart to help a wider analysis but it is prone to whipsaws.
I never said anyone was wrong, I simply asked how those charts, GU, EU, and UJ would have been traded given the whipsaws on all of them.
I suppose you just want to concentrate on the winning aspects/textbook...Ignored
DislikedSo then what is your method to not trade those whipsaws? And you also say that ichi is part of your method so what is your whole method as well?Ignored
DislikedLike I said mate, it's not about what method isn;t subject to whipsaws or stop outs, it's about what to look for in those charts I posted that either would have prevented a trade or just to accept that the trade would get stopped out due to lag or other factors. I never said ichi was wrong, I just wanted to discuss those charts and we got some useful replies from GeraldFX and 4x..
What do I use? Various but probably the following:
fib analysis
support and resistance
volume analysis
market sentiment
market breadth and depth analysis
Commitment...Ignored
DislikedYou did not really list a system you listed of a bunch of key terms. So how would you know to not trade your usd/jpy chart that you posted?Ignored
DislikedThey are a system when combined - impossible to list a system in one post, trading is not usually that simple - check out all the forum threads for a guide on how to make a random methodology and have people follow it.
I've been long the UJ since 81.50 with a bit of profit taken along the way on retraces into fib zones.
I've been short the EU since 1.3750 based on the 61.8 retracement.
GU haven't done much with.
But we're not concentrating on my methodology here are we? I was interested in the ichi analysis because there are conflicting signals...Ignored
DislikedActually we are concentrating on your methodology because that is what you use, so all of your responses have that as a filter. You take all your knowledge of your system and base your questions and responses through that lens. So if everyone knows your methodology then they know where you are coming from in your answers and view it though the same lens.
And yes that might be a system when combined, which you did not really list yet. Just like this thread is about a specific use for ichimoku based on vics methodology with specific time frames that...Ignored
DislikedIn vics method they trade on 15 min charts, you were talking about daily charts you can not really compare anything between those right?Ignored
Dislikedfair enough, I just assumed it was a place to discuss ichi strategy as vic was well known for trying out kumo breakouts a while back on H1, H4 and others without using CS span.
Anyway, I will post some setups in the next few days and we can discuss them instead...might be easier with close to live data.Ignored
DislikedOk, maybe I should make 10-20 webinars for you so you can understand all of it. The Commitment of Traders report has books written on it just by itself, how do you want me to explain it to you in a few posts?
The simplest one I could explain is the fib analysis shorting the 50-61.8 retracement zones as on the EU.
So, why not go back to my charts of EU, GU, and UJ and say why you wouldn't have traded them...or in fact if you did trade them and why...that's all I'm asking!Ignored
DislikedNice to see some healthy debate back here again
Just a polite note Jap, glad you have joined us but make sure you take it easy in here. SanMiguel has been posting here with us for a long time and deserves the right to question ichi looking for answers. Asking questions is the key to knowledge, GeraldFX is a perfect example of leadership here showing how to add value to the thread and keep discussion relevant.
I agree with GeraldFX that the Chikou span is an often neglected or misunderstood part of the puzzle. SM's underlying point though is...Ignored
Disliked
In my personal experience ichi is exceptional in trend but can become expensive when the market turns choppy unless you cut your risk exposure. I find the first breakout once the longer TFs line up to be the highest probability trade and am interested if any of you guys have found anything else that you like to use to filter out ichi signals in choppy / sideways market times?
4x.Ignored