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Ichimoku forever

  • #15,661
  • Jan 31, 2011 1:18am Jan 31, 2011 1:18am
Quoting stinghurt
I am currently on page 24 of this thread.

It was a lot of info since aug of 2009.

I want to thank everyone who contributed, i have learned a lot, and continue learning
Don't forget to read and write down notes.
  • #15,662
  • Edited 3:47am Jan 31, 2011 3:25am | Edited 3:47am
So, EURJPY:
Daily, CS has just exited the kumo and kumoproviding support.
4hr is in the kumo but still holding to the upside.
1hr bearish so need to wait for some confirmation here due to links to EU.
15min awaiting a breakout of the kumo.

Any thoughts?
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  • #15,663
  • Jan 31, 2011 3:42am Jan 31, 2011 3:42am
Hi everybody, I've read the last 100 pages of this thread, I've never been trading with Ichimoku as the heart of my systems but I'm interested now and I'm going to follow this thread.
Now, when I click on the GeraldFx signature it shows different links but all of them refers to the same post, is it right? does it work in this way? and does it get updated or I shouldn't be lazy and do it myself?
Thanks alot
  • #15,664
  • Jan 31, 2011 3:46am Jan 31, 2011 3:46am
EURJPY
wach out for daily Tk @112.155

/btw,take a look at gbpsud 15m,kumo breakout was confirmed by Ch but then price went up again/

c'mon London do your magic!! D
profitable week guys
  • #15,665
  • Jan 31, 2011 3:47am Jan 31, 2011 3:47am
Quoting exking
Hi everybody, I've read the last 100 pages of this thread, I've never been trading with Ichimoku as the heart of my systems but I'm interested now and I'm going to follow this thread.
Now, when I click on the GeraldFx signature it shows different links but all of them refers to the same post, is it right? does it work in this way? and does it get updated or I shouldn't be lazy and do it myself?
Thanks alot
sorry, I got it, I should start reading from that post, but what about the sheet, is it updated?
  • #15,666
  • Jan 31, 2011 4:10am Jan 31, 2011 4:10am
Quoting mero
EURJPY
wach out for daily Tk @112.155

/btw,take a look at gbpsud 15m,kumo breakout was confirmed by Ch but then price went up again/

c'mon London do your magic!! D
profitable week guys
That would be price hitting the underside of the Tk while the Tk is still pointing upwards, do you give that some credit? I'm nore often inclined just to use the Tk and Ks when price is moving into them from the other way (eg bullish Tk, price moving down).

Which breakout on GU? I only have one on the 15m chart on 28Jan
  • #15,667
  • Jan 31, 2011 4:12am Jan 31, 2011 4:12am
Quoting exking
sorry, I got it, I should start reading from that post, but what about the sheet, is it updated?
why doesn't anyone answer me? do you see my posts?
what about that ichi light indicator from kino?
  • #15,668
  • Jan 31, 2011 4:14am Jan 31, 2011 4:14am
Quote
Which breakout on GU? I only have one on the 15m chart on 28Jan

mhm,six bars ago
  • #15,669
  • Jan 31, 2011 4:30am Jan 31, 2011 4:30am
Quoting mero
mhm,six bars ago
Aha, yep, I see it and now it has come out of the kumo to the upside.

Quoting exking
why doesn't anyone answer me? do you see my posts?
what about that ichi light indicator from kino?
I'm sure someone will respond soon but why not PM whoever wrote the document, they can tell you if it is up to date.
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  • #15,670
  • Jan 31, 2011 4:46am Jan 31, 2011 4:46am
Quoting SanMiguel
Aha, yep, I see it and now it has come out of the kumo to the upside.



I'm sure someone will respond soon but why not PM whoever wrote the document, they can tell you if it is up to date.
Thank you,
  • #15,671
  • Jan 31, 2011 4:57am Jan 31, 2011 4:57am
i think it aint up to date, you should do it by yourself.it use to be updated but not anymore.the good thing is that you can modify the sheet so it fits your needs
  • #15,672
  • Jan 31, 2011 5:46am Jan 31, 2011 5:46am
anyone trading stocks,gold,oil whit ichi?
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  • #15,673
  • Jan 31, 2011 8:58am Jan 31, 2011 8:58am
Quoting mero
i think it aint up to date, you should do it by yourself.it use to be updated but not anymore.the good thing is that you can modify the sheet so it fits your needs
Thanks mero,
what about the ichi light indicator from kinonen, do you know anything about it?
here is the link to that post http://www.forexfactory.com/showpost.php?p=4292229
  • #15,674
  • Jan 31, 2011 9:30am Jan 31, 2011 9:30am
This one looks good in hindsight but at the time of the TS/KS cross (1.5881), the 1hr price was inside the kumo and the 4hr was below the kumo so missed it (according to the rules).
Now...the 15min is always going to be ahead of the 1hr chart so I guess you could say this wasn't a defined trend. As the 15min will always be acting quicker, a good trade will have to wait for retracements almost all the time wouldn't you say?

USDJPY has a strong 30min bearish Ts/Ks cross at the moment but it's at the strong support level around 82 so need some confirmation.

Cable 15min chart below:
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  • #15,675
  • Jan 31, 2011 11:16am Jan 31, 2011 11:16am
Quoting SanMiguel
This one looks good in hindsight but at the time of the TS/KS cross (1.5881), the 1hr price was inside the kumo and the 4hr was below the kumo so missed it (according to the rules).
Now...the 15min is always going to be ahead of the 1hr chart so I guess you could say this wasn't a defined trend. As the 15min will always be acting quicker, a good trade will have to wait for retracements almost all the time wouldn't you say?

USDJPY has a strong 30min bearish Ts/Ks cross at the moment but it's at the strong support level around 82 so need some...
I did not have time to reply to your first post, but like you stated now following just vics rules you would not have traded it earlier because the 1hr and 4hr did not match. Your E/J chart was the same way H1 and H4 did not match.

If you were going by just using ichi to me you would of wanted to wait for it to decide a direction from that big flat area just below 1.5900. Another thing using your moving average comparison if you look back around 1-27 see how price was not respecting the lines of ichi, and then today look how it all lined up nice just like when people talk about price respecting a MA.
  • #15,676
  • Jan 31, 2011 11:19am Jan 31, 2011 11:19am
Quoting GeraldFX
Sideways happen when price in kumo, CS is near price, CS is in kumo.

When market is moving sideways can also be profitable. I learned this from Arco from LincolnFX. How can it be profitable? I leave that for you to think awhile.
Depends on the time frame that you are saying is sideways, if for example H4 is in a 200pip sideways range you could probably drop down to a lower time frame M15,M5 and get some smaller moves out of it like trading a channel.
  • #15,677
  • Jan 31, 2011 11:27am Jan 31, 2011 11:27am
Quoting exking
Thanks mero,
what about the ichi light indicator from kinonen, do you know anything about it?
here is the link to that post http://www.forexfactory.com/showpost.php?p=4292229
That indicator has nothing to do with the worksheet but you can use it if you want. The worksheet is like a filter for you that you list your trading rules on and takes about 5 minutes a day to update.
  • #15,678
  • Edited 11:52am Jan 31, 2011 11:29am | Edited 11:52am
Quoting Gorron
I did not have time to reply to your first post, but like you stated now following just vics rules you would not have traded it earlier because the 1hr and 4hr did not match. Your E/J chart was the same way H1 and H4 did not match.

If you were going by just using ichi to me you would of wanted to wait for it to decide a direction from that big flat area just below 1.5900. Another thing using your moving average comparison if you look back around 1-27 see how price was not respecting the lines of ichi, and then today look how it all lined up nice...
It's an interesting one to discuss over the next few days because GU is all TF trends up, we should be waiting for a retrace on the 15min and then a bullish crossover and go with the trade. However, we're at the highs and the 1.6 psychological level so it's an area prone to head fakes.
USDJPY is another very close example, all trends down but so far supported by 81.90, 30min had a bearish cross so those following that would be in short now.

...until tomorrow.
  • #15,679
  • Jan 31, 2011 12:04pm Jan 31, 2011 12:04pm
Quoting SanMiguel
It's an interesting one to discuss over the next few days because GU is all TF trends up, we should be waiting for a retrace on the 15min and then a bullish crossover and go with the trade. However, we're at the highs and the 1.6 psychological level so it's an area prone to head fakes.
USDJPY is another very close example, all trends down but so far supported by 81.90, 30min had a bearish cross so those following that would be in short now.

...until tomorrow.
Looking at the chart now, if I was in the trade I would probably be using what manesh patel calls preserve mode and have your stop following the Tenkan to preserve your profits. Because price can pull back a long ways and still be up its 70 pips from the Kijun. That is one of those things that everyone has their own idea on, I would say follow the tenkan and you will stop out with around 100pips in the trade if it pulls back, someone I trade with would say to have it at the Kijun and have it pull back 70 because maybe it is the start of a larger up move.
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  • #15,680
  • Jan 31, 2011 1:12pm Jan 31, 2011 1:12pm
Quoting Gorron
Looking at the chart now, if I was in the trade I would probably be using what manesh patel calls preserve mode and have your stop following the Tenkan to preserve your profits. Because price can pull back a long ways and still be up its 70 pips from the Kijun. That is one of those things that everyone has their own idea on, I would say follow the tenkan and you will stop out with around 100pips in the trade if it pulls back, someone I trade with would say to have it at the Kijun and have it pull back 70 because maybe it is the start of a larger...
Hi Gorron, I would agree with you about using the TS for exit. It's the best pip preserving exit as far as I can tell, and never worry about what you might miss by going out because if the market cycle is still up then your re-entry is guaranteed, and if the market cycle is turning downwards then you are in a better position to decide if you want to take a countertrend play or not depending on where the nearest support is.
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