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Ichimoku Trade Room

  • #1
  • First Post: Edited Apr 22, 2012 3:05am Apr 18, 2011 9:17am | Edited Apr 22, 2012 3:05am
I think it will be a good idea to share what we see,and try to be profitable.Its always good to agree as team than wondering ourselves about our choises!

Lets keep this thread clean and focused on trading and exchange ideas on potential FUTURE trades.

For questions,past trades,and general discussion about ichimoku,here is the thread to post:
its the Ichimoku Forever thread and probably the best out there to learn about Ichi

http://www.forexfactory.com/showthread.php?t=190646

I believe we can do it!
Never again will fade the trend
  • #2
  • Apr 18, 2011 9:38am Apr 18, 2011 9:38am
Quoting swingfiddle
I think it will be a good idea to share what we see,and try to be profitable.Its always good to agree as team than wondering ourselves about our choises!

Lets keep this thread clean and focused on trading and exchange ideas on potential FUTURE trades with ichimoku indicator.

For questions,past trades,and general discussion about ichimoku,here is the thread to post:

http://www.forexfactory.com/showthread.php?t=190646

I believe we can do it!
Can't agree more with you Swingfiddle. As I mentioned on the other thread, I posted 16 potential trades on twitter (@919gilead) over the week-end, and 12 were triggered giving potential pips of 22 - 246 before the US debt downgrade!!! Last week I had 11 out of 12 potential trades also in one day; and I said to myself, I need to get together with other traders of like minds, so we can compare notes, and was glad when I read your suggestion this morning.

Glad to be here, to share my knowledge and learn from others. I wish everybody great pips for the week.

George
Low Risk Low Stress High Reward High Probability Trades
  • #3
  • Apr 18, 2011 10:24am Apr 18, 2011 10:24am
Likewise.....I think its important that we agree on similar methods.....
  • #4
  • Apr 18, 2011 12:50pm Apr 18, 2011 12:50pm
Hey guys.

Just wanted to share a couple of charts I'm sizing up.

First is GBP/USD.
Today we bounced off the Kijun Sen and the cloud so we could see another push higher towards the resistance at 1.6423. I think over the next couple of days will be key to see how the risk aversion play turns out regarding the Dollar and the downgrade.

Second is EUR/CHF.
May be a bit early just yet but price is breaking out below the cloud. I'm liking the set up however as the swing high looks like a strong double top. Will keep an eye on it over the next couple of days for further confirmation.

GBP/USD Daily
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EUR/CHF Daily
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  • #5
  • Apr 18, 2011 1:50pm Apr 18, 2011 1:50pm
Good ideas Foskin

I think silver looks like a good setup but not before a pullback

I ve seen here and there that silver could go to 140$.its not only a safe investment but a metal that is used in thousands ways in industry...

mayby a first test of 41.93 if it doesnt hold then t-sen or k-sen ,and then go long.
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 27 KB
Never again will fade the trend
  • #6
  • Apr 18, 2011 1:59pm Apr 18, 2011 1:59pm
Quoting swingfiddle
I think silver looks like a good setup but not before a pullback

I ve seen here and there that silver could go to 140$.its not only a safe investment but a metal that is used in thousands ways in industry...

mayby a first test of 41.93 if it doesnt hold then t-sen or k-sen ,and then go long.
Completely agree.
Like you, I will wait for a pull back before going long again.
It's certainly an exciting commodity in regards to potential.
  • #7
  • Apr 18, 2011 2:14pm Apr 18, 2011 2:14pm
One more potential set up which I like is long USD/JPY.
Price spiked through the cloud today and was bought back up from the weekly pivot S1 and just shy of 82.00.
I'm a little concerned with the width of the cloud however with a possibility to drop down as low as 81.00.
When the G7 intervened, the purpose was to bring the price back above 80.00 and that was all. So I think these low levels should be well defended and produce good buying opportunities, especially if the USD becomes a strong buy over the next few months.

USD/JPY Daily
Attached Image (click to enlarge)
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  • #8
  • Apr 18, 2011 2:38pm Apr 18, 2011 2:38pm
Hi guys, please excuse my ignorance, what do we post differently on this site as opposed to the previous one?

Also what time frames are you guys generally trading off?
  • #9
  • Apr 18, 2011 2:50pm Apr 18, 2011 2:50pm
Quoting Tkd
Hi guys, please excuse my ignorance, what do we post differently on this site as opposed to the previous one?

Also what time frames are you guys generally trading off?
Hey Tkd,

In regards to your first question, I posted in this thread due to the title and is my first time posting in this part of the forum so have wondered over here blind.
To your second question, I like the daily time frame as in the charts above but I also trade lower time frames too.

Looking forward to see how the thread develops and it's nice to see other Ichimoku traders around here too.
  • #10
  • Apr 18, 2011 3:17pm Apr 18, 2011 3:17pm
Quoting Tkd
Hi guys, please excuse my ignorance, what do we post differently on this site as opposed to the previous one?

Also what time frames are you guys generally trading off?
Hey Tkd
I hope that this thread will focus on setups that develope day by day,so when time comes we can enter a trade.its all about good timing...

for example if we are waiting for the silver to make a pullback.if most of us agree that the pullback is over,then we can go long.its about team work,be prepared and feel confident when we take trades.

i Like daily also,mayby 4H for a better enrty.
Never again will fade the trend
  • #11
  • Apr 18, 2011 4:31pm Apr 18, 2011 4:31pm
Quoting fosking
One more potential set up which I like is long USD/JPY.
Price spiked through the cloud today and was bought back up from the weekly pivot S1 and just shy of 82.00.
I'm a little concerned with the width of the cloud however with a possibility to drop down as low as 81.00.
When the G7 intervened, the purpose was to bring the price back above 80.00 and that was all. So I think these low levels should be well defended and produce good buying opportunities, especially if the USD becomes a strong buy over the next few months.

USD/JPY Daily
Attachment ...
Hi Fosking

It looks a bit risky for me, I don't like the thin cloud. The weekly is still below the cloud as well. You could be getting an early entry, but equally it could just range or track back down. I think I would like more confirmation, Weekly at least in the cloud, preferably above. I would also like to see Tenken and Kinjun closer together on Daily, and Chinkou pointing up and clear of price action.
  • #12
  • Edited Apr 19, 2011 8:14am Apr 18, 2011 7:24pm | Edited Apr 19, 2011 8:14am
My trade focus for the next session are as follows:

GBPUSD - Long on close above 6271, and short on close below 6164
EURCHF - Long above 2791 and short below 2727
GBPCHF - Long above 4629 and short below 4536
CADCHF - Long above 9319 and short below 9237
AUDCHF - Long above 9446 and short below 9367
NZDCHF - Long above 7094 and short below 7011

My bias is for the long side on the Cable, and short on all the others but I always like to be prepared for break of the swing low/high on the other side.

I am still watching other pairs and if I see anything developing, may add.

I wait for the H1 & H4 TFs to align, and if I get confirmation from the currency strength meter, I will pull the trigger without hesitation.

Do your home work, and we can compare notes on this and other pairs you folks see.

Cheers, and good trading

George

Trade Update
GBP long made high of 6333
GBPCHF long made high of 4675
CADCHF long made high of 9406
AUDCHF made high & low of 9458 & 9358 respectively, but no support from CSM
NZDCHF also made high & low of 7099 & 7008 respectively without support from CSM
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd update - 4192011.jpg Size: 177 KB
Click to Enlarge Name: cadchf update 4192011.jpg Size: 177 KB
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  • #13
  • Apr 18, 2011 11:56pm Apr 18, 2011 11:56pm
Quoting Tkd
Hi Fosking

It looks a bit risky for me, I don't like the thin cloud. The weekly is still below the cloud as well. You could be getting an early entry, but equally it could just range or track back down. I think I would like more confirmation, Weekly at least in the cloud, preferably above. I would also like to see Tenken and Kinjun closer together on Daily, and Chinkou pointing up and clear of price action.
Yep agree with you. I watched PA overnight and the risk outstrips the reward.
Will keep an eye on it over the next few days.
  • #14
  • Apr 19, 2011 12:53am Apr 19, 2011 12:53am
Hi Guys
I'd like to tag along here, I was wondering on the general feeling about Ichimoku trading with Renko good/bad and the size of the brick.
I've experimented from 3 pip to 10 pip depending on how much spare time I have.
I feel there are pros and cons, I like the nice clean charts and the fact you don't have to check different time frames as obviously Renko is price driven, but I'm not sure whether they work out more profitable or not overall.
I'm guessing most of you are working on the 4h/daily?
  • #15
  • Apr 19, 2011 1:07am Apr 19, 2011 1:07am
Hello forex 1962sounds like a very good idea but if you all agree ,we can discuss this on the ichimoku forever thread
lets focus here on potential trades and keep the other thread for studying and analysing.

(dont want to sound like a boss...i am probably the newbie here...)
Never again will fade the trend
  • #16
  • Edited 7:42am Apr 19, 2011 1:16am | Edited 7:42am
Quoting forex1962
Hi Guys
I'd like to tag along here, I was wondering on the general feeling about Ichimoku trading with Renko good/bad and the size of the brick.
I've experimented from 3 pip to 10 pip depending on how much spare time I have.
I feel there are pros and cons, I like the nice clean charts and the fact you don't have to check different time frames as obviously Renko is price driven, but I'm not sure whether they work out more profitable or not overall.
I'm guessing most of you are working on the 4h/daily?
I use the range bar which is similar to renko, and attached is one of the trades I am monitoring - my bias is to the down side but will go long if PA breaks the 1st resistance at 2791 and the currency strength meter reflects good strength for Euro and weakness for Swissy, I will expect ST alignment on the M15, M30 & probably the H1 charts, for a 50+ pip run to around the WS3 at 2849.

Anyway, I am on PST and will take a nap now, to be back after US open & new release.

Good trade and trade smart

George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf - 4192011.jpg Size: 180 KB
Click to Enlarge Name: eurchf update - 4192011.jpg Size: 190 KB
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  • #17
  • Apr 19, 2011 1:28am Apr 19, 2011 1:28am
Potential Short on break of 9187 if supported by the currency strength meter (CSM), as the ST indicators (Ichi M1 to H4) agree.

George
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy - 4192011.jpg Size: 188 KB
Low Risk Low Stress High Reward High Probability Trades
  • #18
  • Edited 7:55am Apr 19, 2011 1:42am | Edited 7:55am
I am watching a break of 5660 too on the GBPCAD, if the GBP & CAD show weakness & strength respectively on the CSM.

I`m finally off to bed & will be back shortly.

Cheers, and good trading.

George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad 4192011.jpg Size: 189 KB
Click to Enlarge Name: gbpcad update 4192011.jpg Size: 178 KB
Low Risk Low Stress High Reward High Probability Trades
  • #19
  • Apr 19, 2011 1:56am Apr 19, 2011 1:56am
Would you say that the GU 30 min has a potential setup once the tenkan sen and kijun cross takes place
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  • #20
  • Edited 2:44am Apr 19, 2011 2:05am | Edited 2:44am
Quoting Jns
Would you say that the GU 30 min has a potential setup once the tenkan sen and kijun cross takes place
I saw the same set up too but didn't have the time to post a chart (so here it is lol).
Would like to see a break of the descending trend line to give it an extra boost.

GBP/USD M30
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