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Ichimoku forever

  • #15,721
  • Edited 1:39am Feb 2, 2011 1:21am | Edited 1:39am
Quoting Jap
I've nothing against you but I dont like the fact that you always devalue other's systems and strategies. you need to respect the fact that the indicators you say not work are actually working very good for a lot of people.

About ADX 50, my same point. Depends on everyone's system, if they are happy to take profit thats right for them.

there is no wrong or right here. its all about profit.
I never said they didn't work, I said they lag.
For every chart someone puts up with a textbook example of a trade with an indicator, I guarantee you I can find another example where the indicator also either gave a false signal or the signal was misleading due to the indicator price flipping up and down near the zones used (70/30, 80/20, etc.). I have used/studied a lot of indicators in my time when I first started trading.

Now, of course, you can deal with that in your trading and your risk management. As you say, there is no right or wrong way. I gave some suggestions, I even said it was worth looking into but if all you want to hear is how wonderful system A or B is and post charts where you made 100 pips then there's no point. The textbook trades are easy! The trades we need to cut out of our daily trading are the ones that are less obvious, which is why I post charts where the signal is not so obvious to discuss.
  • #15,722
  • Feb 2, 2011 1:42am Feb 2, 2011 1:42am
fair enough. but it has to be on equal basis. post your charts of whatever system you follow and let us make criticism on that. you listed more than 10 things you follow when enter into trade.

show me one example of your trade and let me see how you filter out false signals. and please do not post any textbook examples

deal ?

Quoting SanMiguel
I never said they didn't work, I said they lag.
For every chart someone puts up with a textbook example of a trade with an indicator, I guarantee you I can find another example where the indicator also either gave a false signal or the signal was misleading due to the indicator price flipping up and down near the zones used (70/30, 80/20, etc.). I have used/studied a lot of indicators in my time when I first started trading.

Now, of course, you can deal with that in your trading and your risk management. As you say, there is no right or wrong way....
  • #15,723
  • Feb 2, 2011 2:10am Feb 2, 2011 2:10am
Hello San Miguel, can you please help me to download the same indicators/arrows/ I saw on your charts? Thank you,
  • #15,724
  • Edited 3:16am Feb 2, 2011 3:03am | Edited 3:16am
Quoting lite27
Hello San Miguel, can you please help me to download the same indicators/arrows/ I saw on your charts? Thank you,
try ichi360.com - they have something similar.
The indicator on my charts, I actually coded myself but it's not finished yet - it's very similar to what someone uploaded here many months back, so have a search for it, can't remember their alias...lion or something I think but try the above link also.

edit try: http://www.ichi360.com/?p=2914
Note that sometimes this indicator says it has gone long at a price that would not have been attainable in a live environment eg a quick upthrust candle.
http://www.ichi360.com/?tag=ichimoku-indicator
  • #15,725
  • Edited 5:07am Feb 2, 2011 3:28am | Edited 5:07am
Quoting Sohocool
Hi Kinko,

The Little Kumo is built with the Tenkan and the Kijun, part of the Ichimoku system .

I think so that you can post your graphs ,here.

But I do not understand why you want to use 8 ,13, 21, 34 ,55, 89 Kijuns (following fibo)???

The Kijun must be selected from a main cycle observed.

But if you have good results; please , can yyou explain us your system ??.

Hi Sohocool,
What I am trying to do is to have more trades with the highest probability of success. So I trade pin bars(they are easy to identify). Now to trade pinbars successful we all know is an art on its own. The idea is to screen out pinbars that will not produce pips. When you published the tenkan-kijun cloud indicator I played around with it and added only kijun lines(a kijun and tenkan line is basically the same - only setting difference) and then thought to use fib numbers(no idea why I did this). So I changed the settings in your indicator to 8 and 89(you can also use 8 and 55) and added kijun lines for the other fib numbers 13,21,34,55,144,233,377,610 and 987. (I had to change the max number of bars to 5000 - Tools -->Options-->Charts ) These lines act as S/R lines.
From here I entered the indicators in the M15, H1, H4 and daily charts to have an overall view of the market.(the same indicators with same settings) Now it is easier to identify pinbars that will have a better chance of success. I also look at fliplines(line in the sand between bulls and bears) at the break of the pinbar and where the break will end up. If the break will end up on the open side(where there are no more kijun lines to act as resistance) the trade has a greater chance of success.
So it is a combination of pinbar trading, trendlines, S/R lines(50% back of fibonacci) and kijun.

Edit: Best trades when in all timeframes the price is above green cloud (bullish) or in all timeframes the price is below blue cloud(bearish)
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  • #15,726
  • Feb 2, 2011 3:55am Feb 2, 2011 3:55am
Quoting Kinko
Hi Sohocool,
What I am trying to do is to have more trades with the highest probability of success. So I trade pin bars(they are easy to identify). Now to trade pinbars successful we all know is an art on its own. The idea is to screen out pinbars that will not produce pips. When you published the tenkan-kijun cloud indicator I played around with it and added only kijun lines(a kijun and tenkan line is basically the same - only setting difference) and then thought to use fib numbers(no idea why I did this). So I changed the settings in your indicator...
I am currently in this trade after a pinbar in the H4. A bit of a nightmare trade - the pinbar did not break the S/R but it should be OK now with no more S/R lines to act as resistance(wish me luck!)
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  • #15,727
  • Feb 2, 2011 7:36am Feb 2, 2011 7:36am
criticizing others and their trades is damn easy, share your system, charts and indicators to give other equal chance to evaluate what you have got.

Quoting SanMiguel
The textbook trades are easy!
  • #15,728
  • Feb 2, 2011 7:40am Feb 2, 2011 7:40am
I have recently started trading on my phone and as it turns out mobile mt4 does not support custom indicators so i am updating the excel document manually every hour on my handset, i was wondering what size buffer you guys use on H1 and H4 kumo respectively to determine if the trend is neutral or not?
  • #15,729
  • Edited 12:53pm Feb 2, 2011 9:35am | Edited 12:53pm
Crude Oil March contract is setting up for a buy at present 1535GMT

4hr above and chikou is through, hourly above but chikou in the price action

15min retracing currently to daily/weekly pivot level which may be a great place to take a long.

EDIT - long from 91.10

Currently +45 pips

EDIT 1853 GMT - stopped out +41 pips
  • #15,730
  • Feb 2, 2011 1:07pm Feb 2, 2011 1:07pm
Quoting Jap
criticizing others and their trades is damn easy, share your system, charts and indicators to give other equal chance to evaluate what you have got.
Dude, I'm not going to get into a slanging match like this. I have better things to do.
Out of the min10 things I use, each one on its own could use a webinar or two just to understand the basics and that's not even getting into volume profiling, which would take a year or two to master.
If you want, I'll post some charts of my trades mainly using SR, a candle pattern, fib analysis, buit what good is that going to do you on an ichimoku thread?
You seem to have taken it to heart for some reason?

In fact I could even post a losing trade of the EURUSD using fib analysis but I could post some textbook examples as well. I'm here to discuss ichi and related matters not get into some slanging fight (like my trade is better than your trade).
  • #15,731
  • Feb 2, 2011 2:19pm Feb 2, 2011 2:19pm
A useful post packed full of information and psychology that you all might like to read:
http://www.eminiplayer.com/2009/06/l...ul-trader.html
  • #15,732
  • Feb 2, 2011 2:30pm Feb 2, 2011 2:30pm
Same here,

even just to understand the basic of basics in Ichimoku you need a 10s of Webinars to attend. not that simple that you see some false signals and came here bashing systems and all other indicators. People have years of practice before they be master and consistently in profit with this or any other system. one should stop assuming that he knows everything about every system in just 5 minutes.

Indicators are lagging is the best excuse for not being able to make consistent profit. I'll tell you why. because trading is 80% psychology not what system you have.

If somebody dont understand how it works it because of lack of knowledge not because of indicator wrong.

Learn the basics.


Quoting SanMiguel
Dude, I'm not going to get into a slanging match like this. I have better things to do.
Out of the min10 things I use, each one on its own could use a webinar or two just to understand the basics and that's not even getting into volume profiling, which would take a year or two to master.
If you want, I'll post some charts of my trades mainly using SR, a candle pattern, fib analysis, buit what good is that going to do you on an ichimoku thread?
You seem to have taken it to heart for some reason?

In fact I could even post a losing trade of the EURUSD...
  • #15,733
  • Feb 2, 2011 2:40pm Feb 2, 2011 2:40pm
SR levels are repainting. Today's SR levels will be no more there tomorrow. This week SR will be no more next week. Its basically under repainting nature.

Fib Analysis just like elliott wave is highly subjective. your bearish 61.8 retracement could be someone else's new Bullish trend start and new wave1 to start.

Candle Patterns, I would love to see you post. I love to see how much you actually know about what you talk.

assuming that you have the holy grail is easy but repsecting others who are consistenly in profit is difficult.

Quoting SanMiguel
I'll post some charts of my trades mainly using SR, a candle pattern, fib analysis
  • #15,734
  • Feb 2, 2011 2:49pm Feb 2, 2011 2:49pm
Quoting Jap
SR levels are repainting. Today's SR levels will be no more there tomorrow. This week SR will be no more next week. Its basically under repainting nature.

Fib Analysis just like elliott wave is highly subjective. your bearish 61.8 retracement could be someone else's new Bullish trend start and new wave1 to start.

Candle Patterns, I would love to see you post. I love to see how much you actually know about what you talk.

assuming that you have the holy grail is easy but repsecting others who are consistenly in profit is difficult.
Jap you sound like you are confusing Support/Resistance levels with pivot levels. Support/Resistance levels once price candles have closed remain of varying levels of importance for as long as they remain in the chart history. These can be horizontal or trend lines, the 74 level on the US$ index chart is a perfect example of how Support Resistance levels do not repaint.

Seriously though mate, you're getting a bit hot and heavy in here for someone who has spent very little time here. This is not a place for fights and if you want to thrash it out with SM then start another thread for arguing.

You are welcome here if you are going to add value here, if you're not able to let go of this argument then please don't post here again.

This thread is the result of posts and input from a lot of people over several years, you need to respect that!

Thanks

4x.
  • #15,735
  • Feb 2, 2011 2:50pm Feb 2, 2011 2:50pm
i've no problem here with anyone personal. i just wnat to make sure people are shown proper respect to their ideas, charts, and the stratgy they follow for years which give them consistent profit. at the end its all about profit.

respect the fact that someone has spent years of practice and do not assume that your 5 mins research has taken over that years of practice.
  • #15,736
  • Feb 2, 2011 2:55pm Feb 2, 2011 2:55pm
i do understand S/R levels but what i say is that its again highly subjective. anyone can choose different SR levels.

not that i dont respect S/R levels, but just showing that anyone can reject anything based on any falst assumption. the same way ichimoku and other indicators was rejected.

I'm not getting hot and i have nothing personal. i just want everyone's ideas to be respected. if this is too much to ask for that i m happy to banned for it.

i'm surprised why others did not object to this constant unstopable criticizm to everything being posted while not posting own holy grail system.



Quoting 4xAddict
Jap you sound like you are confusing Support/Resistance levels with pivot levels. Support/Resistance levels once price candles have closed remain of varying levels of importance for as long as they remain in the chart history. These can be horizontal or trend lines, the 74 level on the US$ index chart is a perfect example of how Support Resistance levels do not repaint.

Seriously though mate, you're getting a bit hot and heavy in here for someone who has spent very little time here. This is not a place for fights and if you want to thrash it out...
  • #15,737
  • Feb 2, 2011 2:57pm Feb 2, 2011 2:57pm
4x, look at my history. all I did was to post valuable info and charts till date. never interested in fight.

but tell me how do you post charts and info if you continue hear that its all crap and there is no respect for what you say ?

Quoting 4xAddict

You are welcome here if you are going to add value here, if you're not able to let go of this argument then please don't post here again.

This thread is the result of posts and input from a lot of people over several years, you need to respect that!

Thanks

4x.
  • #15,738
  • Feb 2, 2011 3:03pm Feb 2, 2011 3:03pm
Quoting Jap
Same here,

even just to understand the basic of basics in Ichimoku you need a 10s of Webinars to attend. not that simple that you see some false signals and came here bashing systems and all other indicators. People have years of practice before they be master and consistently in profit with this or any other system. one should stop assuming that he knows everything about every system in just 5 minutes.

Indicators are lagging is the best excuse for not being able to make consistent profit. I'll tell you why. because trading is 80% psychology...
Hi Jap, I would like to post a trade I took this afternoon. I took a nice +37 pips in profit after which it reversed. I have removed the reason why I took my profit there. Can you suggest a TP level on this chart? (Please, this is not a quizz, I am trying to make a point here)
The trade was a bearish kumo breakout.
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  • #15,739
  • Feb 2, 2011 3:05pm Feb 2, 2011 3:05pm
Sir,

I will be honest. I do not know the answer but here is my point. Whatever reason it will be I will respect it you know why ? because as i say earlier trading is about profit not to find perfect entry an exit. everyone has different strategy and style so why say one is right and one wrong ?

there is no holy grail.

look forward to know your reasoning.

Quoting lbtrader
Hi Jap, I would like to post a trade I took this afternoon. I took a nice +37 pips in profit after which it reversed. I have removed the reason why I took my profit there. Can you suggest a TP level on this chart? (Please, this is not a quizz, I am trying to make a point here)
The trade was a bearish kumo breakout.
  • #15,740
  • Feb 2, 2011 3:22pm Feb 2, 2011 3:22pm
lol,lbtrader i took the same trade @1.618 entry.my exit was not so perfect as yours.i got out after price crossed Ts
about your question,i think next flat Ks is ok for TP
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