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Ichimoku forever

  • #15,801
  • Feb 8, 2011 7:56am Feb 8, 2011 7:56am
Quoting GeraldFX
Just my view.

It really need to get out of the H1 kumo to show clear direction.
Oh, think I need to digest this properly. Thx.
  • #15,802
  • Feb 8, 2011 7:01pm Feb 8, 2011 7:01pm
Quoting GeraldFX
Just my view.

It really need to get out of the H1 kumo to show clear direction.
Price hit the H4 KS and bounced down. It seems like price is going to start turning down from here than from the suggested TP1 zone.
  • #15,803
  • Edited 1:26am Feb 9, 2011 12:55am | Edited 1:26am
Quoting SanMiguel
Another DAX bullish breakout!

+20 pts on 60% of the trade. I am holding the remainder for the finish of the bull flag move if it can get to around 7340. Yes, the stock markets are way overbought but can't argue with the trend here.
Edit: remainder stopped at +14. I suspect this will move higher but not a bad trade for the morning.
+17.6pts overall.
Looks like 7340 is going to be hit today, real shame.
I have circled the 2 stop out areas from yesterday that would have prevented this TP being hit - not sure it could have been managed better other than to leave the SL at break even. A re-entry could have been possible but that's adding risk to the original entry.
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  • #15,804
  • Feb 9, 2011 10:25pm Feb 9, 2011 10:25pm
Quoting GeraldFX
Price hit the H4 KS and bounced down. It seems like price is going to start turning down from here than from the suggested TP1 zone.
Chart updated.
Attached Image (click to enlarge)
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  • #15,805
  • Feb 10, 2011 1:02am Feb 10, 2011 1:02am
Isn't anyone looking at forex anymore?
  • #15,806
  • Feb 10, 2011 2:45am Feb 10, 2011 2:45am
Quoting GeraldFX
Chart updated.
Something like that perhaps?
Attached Image (click to enlarge)
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  • #15,807
  • Edited 4:38am Feb 10, 2011 2:49am | Edited 4:38am
Quoting lundu00
Isn't anyone looking at forex anymore?
lol, the chart 1 above your post is EURUSD!

Having said that, I'll post an oil chart, sorry!

Oil trend down, entry on 15min kumo break + Ts/Ks cross just in the cloud.
TP at the support line:
Attached Image (click to enlarge)
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  • #15,808
  • Feb 10, 2011 4:51am Feb 10, 2011 4:51am
helo,
could anyone suggest me what happen on EU.
if on 4H it would be no trade since 3 FEB.
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  • #15,809
  • Feb 10, 2011 5:21am Feb 10, 2011 5:21am
SanMiguel,what is ur way to filter fake kumo breakouts.it seems to me that its impossible
  • #15,810
  • Feb 10, 2011 5:42am Feb 10, 2011 5:42am
Quoting mero
SanMiguel,what is ur way to filter fake kumo breakouts.it seems to me that its impossible
It is yes, nothing is 100% guaranteed in trading so you just have to accept that you are going with the trend and get in at the next opportunity. You can use support and resistance to help but nothing is going to give you the filter you need apart from solid analysis and risk management.

Ichi is just a quantitative measure really, you are using a set of averages as the basis for the trend and then you look to get in when price is showing bearish/bullish signs of exceeding that trend. You could model it in a spreadsheet if you had to.
  • #15,811
  • Feb 10, 2011 6:35am Feb 10, 2011 6:35am
Quoting mero
SanMiguel,what is ur way to filter fake kumo breakouts.it seems to me that its impossible
You post me the chart then I maybe can tell you.
  • #15,812
  • Feb 10, 2011 7:46am Feb 10, 2011 7:46am
hello GeraldFX and all master,
is this trade too risk?
coz im not really understand.
but already close for 35p.
thx
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  • #15,813
  • Edited 8:05am Feb 10, 2011 7:49am | Edited 8:05am
Quoting fdoehpp
hello GeraldFX and all master,
is this trade too risk?
coz im not really understand.
but already close for 35p.
thx
What were your reasons for the trade?
...including all timeframes
  • #15,814
  • Feb 10, 2011 8:42am Feb 10, 2011 8:42am
Quoting SanMiguel
What were your reasons for the trade?
...including all timeframes
4H just close outside kumo,1H outside kumo.
so on 15m i enter on kumo breakout or kijun break in this trade kijun.
i new so im not really know.
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  • #15,815
  • Feb 10, 2011 9:21am Feb 10, 2011 9:21am
Quoting SanMiguel
lol, the chart 1 above your post is EURUSD!

Having said that, I'll post an oil chart, sorry!

Oil trend down, entry on 15min kumo break + Ts/Ks cross just in the cloud.
TP at the support line:
Oops! Sorry.
  • #15,816
  • Feb 10, 2011 9:39am Feb 10, 2011 9:39am
Quoting fdoehpp
4H just close outside kumo,1H outside kumo.
so on 15m i enter on kumo breakout or kijun break in this trade kijun.
i new so im not really know.
If the red cross was your entry then 1.3623 was inside the 1 hr kumo at the time but as it was the trend was pretty strong. Or was it 1.3597?
Personally I would say it was risky as it could have been near the end of the trend move but there was a break of support on the euro earlier in the morning.

It's a personal thing. If you were trading the H4 trend, then you could have taken a 15min kumo breakout here but you need to have knowledge of what the euro's up to. Also, it's always risky going short at a round number like 1.3600
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  • #15,817
  • Feb 10, 2011 9:48am Feb 10, 2011 9:48am
USDJPY today, very good trend:
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  • #15,818
  • Feb 10, 2011 10:07am Feb 10, 2011 10:07am
Quoting SanMiguel
If the red cross was your entry then 1.3623 was inside the 1 hr kumo at the time but as it was the trend was pretty strong. Or was it 1.3597?
Personally I would say it was risky as it could have been near the end of the trend move but there was a break of support on the euro earlier in the morning.

It's a personal thing. If you were trading the H4 trend, then you could have taken a 15min kumo breakout here but you need to have knowledge of what the euro's up to. Also, it's always risky going short at a round number like 1.3600
change the ichi setting back to default.
Woww.risky trade.
thanks
  • #15,819
  • Feb 10, 2011 10:42am Feb 10, 2011 10:42am
Quoting fdoehpp
hello GeraldFX and all master,
is this trade too risk?
coz im not really understand.
but already close for 35p.
thx
Risky or not depends on your trading portfolio.

Question you may want to think about:
1. When i place an order, where is my EST?
a- entry
b- stop loss
c- take profit

2. What is your risk reward ratio?

3. What the market in the direction of my trade? If so, which part of the ichimoku told me that it was safe to trade?
  • #15,820
  • Feb 10, 2011 10:46am Feb 10, 2011 10:46am
Quoting fdoehpp
i new so im not really know.
Please kindly read the following FREE online materials.

1. Ichi Wiki - http://www.kumotrader.com/ichimoku_w...itle=Main_Page

2. Gabor Ichimoku for beginner - http://www.ichimokuworld.com/1/post/...nload-now.html

By understand ichimoku is the first step that can help you reduce your risk.

Good luck!
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