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how effective is ichimoku REALLY

  • #1
  • First Post: Apr 20, 2011 8:12pm Apr 20, 2011 8:12pm
I am looking to possibly at Ichimoku to my trading disposal based on my price action methodology.

Before I delve into it, just wanted to hear experience from other ichimoku users, how effective is it? not another dissapointment like elliott wave I hope
  • #2
  • Apr 20, 2011 8:31pm Apr 20, 2011 8:31pm
From my short experience Ichimoku is a powerfull indicator for long term trades.
  • #3
  • Apr 20, 2011 11:11pm Apr 20, 2011 11:11pm
starting from what time frame does Ichimoku start becoming ineffective?
  • #4
  • Apr 20, 2011 11:33pm Apr 20, 2011 11:33pm
Hi new thread.
never heard of this indicator. lets put it to test as i am the third poster. where are we seeing the eurusd in the next months? (end of next month)
  • #5
  • Apr 22, 2011 10:44am Apr 22, 2011 10:44am
Quoting PipPipPip
Hi new thread.
never heard of this indicator. lets put it to test as i am the third poster. where are we seeing the eurusd in the next months? (end of next month)
I'm not an Ichimoku expert but I do enjoy studying it. Firstly remember that the analysis is purely technical. Fundamental changes will blow everything out of the water. Assuming the chart is showing end of month which is still one week away it shows price has formed a Kumo ( The Cloud ) breakout with chinkou span confirmation ( the purple line has also broken through price and point up. This is a breakout strong buy signal for the new month. Also we have a tenkan sen ( red line) and Kijun sen ( blue line) crossover happening. Again assuming this is end of month it a weak bullish buy signal because the crossover is below the cloud. The future cloud ( look right) is a skinny green cloud which indicates a week bullish trend. Put it all together and it is bullish for the Euro. If you were trading off Monthly charts they are setup for a buy with a stop under the previous swing low some 1700 pips down. The Kijun sen ( blue line ) is your trend indicator and can be used as a trail stop and exit signal if price punches back down through it.
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  • #6
  • Apr 23, 2011 12:17pm Apr 23, 2011 12:17pm
ive actually used a lot of trading tools and after 5 yrs of trading, i can reckon with two indicators : ICHIMUKO and MACD for the reliability
  • #7
  • May 19, 2011 8:06am May 19, 2011 8:06am
Quoting halfstep
starting from what time frame does Ichimoku start becoming ineffective?
Ichimoku will work great from one hour time frame, anything below daily is risky.
  • #8
  • May 19, 2011 1:20pm May 19, 2011 1:20pm
try this guys

http://www.kumotrader.com/ichimoku_w...itle=Main_Page

very imformative
  • #9
  • Last Post: Aug 13, 2011 3:07pm Aug 13, 2011 3:07pm
Quoting Pitagoras
From my short experience Ichimoku is a powerfull indicator for long term trades.

I've found it works on 3-minute futures charts very well.

In the last two weeks, with the Dow moving 500 points a day and longer-term trading impossible, I've taken profits from ES, Nat Gas, Bonds, gold and Swissy - all on those 3-minute charts.

Didn't have a single losing day, if you can believe it.

Ichimoku comes as close to being the Holy Grail of trading that I've found in 25 years.

Good luck to you,

Bill M
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