- Post #15,703
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- Feb 1, 2011 3:33am Feb 1, 2011 3:33am
- | Joined Oct 2010 | Status: Member | 31 Posts
Regards,
ChartRunner
4% A Day Forever 1,432 replies
an EA that worked forever 29 replies
Forever Demo Account 9 replies
DislikedSo my next question is, how do u know if it is trending or not? Or how do u determine a ranging period? Think! Think! Think!Ignored
DislikedThe answer is all here:
http://www.kumotrader.com/ichimoku_w...=Trend_trading
We only try capture 50% of the trend. We do not try to pick the head or tail of the trend. This is the hardest mindset an ichimoku trader will have to try build because when greeds comes in, they tend to waste a lot of time to try find a system that tries to capture the head and end with the tail. It will not happen unless you apply some other technical analysis with it. I may be wrong but i was once having such mindset and i give up because...Ignored
DislikedYou can't because you never know when the range will start or end or even the trend.
That's why I would like to see some stats, which I doubt we have unless someone ran it through an EA but we are in trending times so it probably works well for the moment. I just thought it would be interesting to run on something like cable back in May-Dec 2009 and see what it came up with.Ignored
DislikedActually the answer is in the chart and in your statement. We cannot know when the trend will start, but we can know when the trend has started. We only need to trade half way of the trend.
As discussed earlier, ranging usually happens when price is in kumo, chikou in kumo or chikou is near price.Ignored
DislikedIt'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.Ignored
DislikedAlpari has no weekend candles. Timezone is GMT - which timezone does your broker have Gerald?Ignored
DislikedYou can't because you never know when the range will start or end or even the trend.
That's why I would like to see some stats, which I doubt we have unless someone ran it through an EA but we are in trending times so it probably works well for the moment. I just thought it would be interesting to run on something like cable back in May-Dec 2009 and see what it came up with.Ignored
Dislikedsorry but no correct. it is possible to catch trend and avoid range. use ADX and RSI. remember I say first fill the gaps where ichimoku is not do what other do. ichimoku give me entry but ADX tell me when stay out.
ADX must above 20. exit if ADX above 50 is overbought. no trade if ADX below 20.Ignored
DislikedYou never know 100%.
My point was, if you are following the suggestion in this thread that,
the D1 chart must be bullish
The H4 must be bullish
The H1 must be bullish
then you look for retracements to the Ks and/or Ts/Ks crossovers on the lower TF charts (30/15m/5m) and you trade those in the direction of the higher TF chart trends.
.Ignored
DislikedI am getting the impression that you do longer term trades. Vic trades intraday using M15 for entry and checks the trend on H1 and H4,to know what direction to trade. From what I understand he mainly trades London and will occasionally carry a trade into NewYork open if he has a good one going.
The daily is only on the worksheet for expansion, it is not used at all in the calculations.
The worksheet also does not need to be continuously updated, it is updated at the start of your trading to find what pairs you will watch for entries for the day....Ignored
DislikedThat aside, a ranging period is a ranging period, regardless of the TF and a range on the 1hr, 4hr, or daily might affect things. Anyway, it's all hypothetical. Better to focus on some charts over the coming weeks with 15m examples.Ignored
DislikedI would like to disagree here if I may, a ranging market on daily is perfect for trend trades on lower TF, same goes for weekly or monthly compared to daily.
Hi everybody,
I just want to say a few words,
traders here and every where are always trying to milk every single pip from a trend and they are always preoccupied with picking tops and bottoms, and for this they use tons of indicators.
The fact remains that all indicators are lagging, and as SanMiguel mentioned it all looks perfect on the left side of the chart (history) and never gives an...Ignored
Dislikedany trades today?
i did two,one loosing trade and this one,hopefully a winner
great discussion guys,iam learning alot.thank you!Ignored
DislikedI would like to disagree here if I may, a ranging market on daily is perfect for trend trades on lower TF, same goes for weekly or monthly compared to daily.Ignored
QuoteDislikedNow comes the question of what if the breakout was a fake? The answer here is : they are inevitable
DislikedIt's more of a backtesting / stats issue for me, I'm sure that those of you using the system for a while have these on your trade journals but it's another thing completely for those who haven't traded with ichi before or in fact any system. Getting your mind round to accepting say a few losers to get that long run winner is difficult during that losing period.Ignored
DislikedI know vic used to move his SL with the other side of the kumo but on a 15min strategy, it would seem to me the more logical place might in fact be the Ks. You can have tighter stops and you get the opportunity to re-enter later. You could in fact base your risk on the other side of the kumo if needed to allow for those re-entries. After all, if you are in a good trend trade, it shouldn't retrace back to the kumo on the 15min charts or something is not going well.Ignored
DislikedMy biggest gripe with indicators is that when looking back in history, they always look perfect but what it doesn't show is the times, the indicator goes above 20 to say 21, then back below, then back above again, then back below.Ignored
Dislikedyou confirmed my suspicions, you're just trying to devalue everything that is thrown to you in answers for you questions. you assume that you know everything about every indicator so you reject it. I can answer each and everthing you said about ADX becasue it is clear that you dont know very much about it but I also see that no matter how much i explain you will come back with new objections.
first you say problem with ichimoku now you say all indicators useless.
it is clear you only wasting time of everyone here. you just find problem with anything...Ignored
QuoteDislikedSo, maybe instead of exiting when the ADX < 50, it is better to tighten your stop to the Ts or Ks?
Dislikedyou appear to be the only person not taking it as a discussion, everyone else discusses the posts very politely and with valid points.
You will note that I also posted some valid setups with ichi in my last few posts.
I in fact even made a suggestion for you to consider/discuss around the ADX 50:
You need to stop taking everything as a personal attack, lighten upIgnored