Ichimoku Trade Room

I tried to use H4 and we should get the same S&R lines roughly.
Trading the breakout (even though here is still profitable in the strong uptrend)
would normally not be a high probability entry, and also reduced R:R by half.
You would only buy on an uptrend at support and sell in a downtrend at resistance.
This allows you to use a tight stop and increases your potential profits.

Looking at the top around 1.4900 we have the failed breakout I was trying to explain.
You will have two types of traders at this area if they are currently flat looking at this area.
The first will want to sell. They believe that this is the top with several failed breaks higher
and have got into the market short with their SL's above the resistance.
The second is the guys that are looking for the breakout higher.
These guys will place their entry orders above the resistance and their SL's back below the new support.
Now it's down to the big boys to have fun at your expense.
They will first take price up to the resistance triggering shorts.
Then they will push price up through resistance as they know stops lay above.
Whilst pushing through resistance they have ran into a bunch of buy orders.
This has now wiped out anyone shorting the market and just leaves the longs, plus shorters who have now jumped in long.
The liquidity is there to now just put the brakes on and sell into all that fresh liquidity and push the price back through the new support.
This then takes out the longs by hitting stops under support and in one move the big boys have wiped out both sides of the market.
Only in a strong market is it possible to trade breakouts successfully and even then it's not sure.

Fundamentals are of course important as well as market correlations to help determine if the trend is still in your favor.


EUR/USD H4

Thank you fosking

thanks foskin great tips

GBP/USD Daily

*Bump to help me find the Ichimoku chat room!*

:nerd:

I'm interested in joining the ichimoku chat room as well. Can anyone point me to the right direction?

Hey ergo, check out the first post in this thread.
See you in there!

The Euro dropped a whopping 206 pips on Friday, and was wondering where it is going next.

A look at the weekly chart shows that the KS line has lagged the TS line for 2 weeks now, explaining the pullback to about the 38.2FR level but are we done yet. The CS line is above the cloud; a bullish kumo future; MACD above zero and we have a potential bullish snapback/slingshot on the stochastic, all hinting at possible resumption of the uptrend.

The daily chart shows the KS flat, not following the TS line down thru out the week with a some what weak bearish kumo future. Is this also hinting of possible resumption of the uptrend. We definitely have support in the cloud below. The MACD is still under zero but loosing strength and the bearish snapback may fail.

The H4 chart already shows a clear divergence on MACD; a bullish snapback too and the kumo future is mixed. The M15 chart is also pointing to the possibility of a bullish divergence.

A similar article is posted on my blog but will post a revised version so it is not misconstrued as soliciting clients.

Cheers, and God bless

(Copied and adapted from my blog)
I looked at the Euro chart on Friday and asked myself whether the move could have been anticipated, and my response was an emphatic yes.

See attached EURUSD1 below

I noticed a divergence at point A and suspected a buy may not be viable unless PA closed above the candle that pierced the trade focus buy number. I then started anticipating a reverse trade opportunity on failure at this point. PA eventually reversed as anticipated moving swiftly to point B for about 134 pips!! Whoa was my response as I missed this part of the move. So are we done yet or what next. I drew a Fib retracement to anticipate what may happen next and PA pulled back to point C which is the 38.2% FR level. Now what next; where will PA likely go? I did 2 things:

 

1. drew a Fib expansion, anticipating PA to drop possibly to between FE 61.8 and FE 161.8 as PT;
2. I also looked at the possibility of an AB=CD pattern forming, which will probably bring PA to point D the FE 100 level.

PA made it to point D for another 121 pips completing an almost AB=CD pattern before making an almost 50%FR retracement to point E. PA has since resumed the downtrend, and the question now is, where is the Euro likely to go next??

I believe every chart always give a clue of the next movement, and if we are wrong we can still be prepared for the counter trend move. This is why the trade focus number always give the channel within which PA bounces before making a decision. Look at the attached EURUSD2 chart below

If PA is to continue its downtrend, then I will expect it to possibly drop to between FE 61.8 (4113) and FE 161.8 (3906) but just like we saw at point A, I noticed a possible divergence showing (as highlighted) and hinting at the possibility of a reversal. I will be ready to buy a break of the trade focus buy number or sell at the lower channel number, should PA continue down but knowing the downside target is limited!!!

I wish you all God's speed and a great trading week.

Cheers, and God bless

George

Thank you sir fosking! Looking forward to hearing your analysis and trades this coming week!

as requested

http://www.youtube.com/watch?v=mwBiv...&feature=feedu

...if broke h4 low....
http://kikkichimoku.wordpress.com/20...di-h4-e-short/

I have started a free new Ichimoku/Forex blog over at scoop.it .com

I am updating it everyday, be cool if you guys could support me and take a look its over at

http://www.scoop.it/t/ichimoku-kinko-hyu

Thanks friends

Can you please share your template

TIA

- Sukhen

Hey guys

Just letting you know there is a new ichimoku/forex blog coming, it will have all the latest forex news, free ichimoku systems and free daily signals, also it will feature a great daily traders blog.

Find it here

www.ichi-mo-ku.com

Thanks

Hello all-

I just finished reading through the whole IchiMoku Forever thread (yeah all 1000+ pages) of the and posted this there last week. It always seemed that while I was stalking one pair there was always some other pair was moving much better. So I wrote an indicator (which I affectionately call IchiBalls) to watch all the pairs and score each timeframe related to aspects of Ichi signals. Each timeframe is score from 0 to 5... Red being bearish and green being bullish. The scores at the end percentages based on aggregates of groups of timeframes. Also, you'll notice the little bars next to the timeframe scores; the first is based on RSI and the second is based on CCI.

The scoring works like this:

Price vs. TK/KS: -1/0/+1
Price vs. Kumo: -1/0/+1
TS vs. KS: -1/+1
SpanA vs. SpanB: -1/+1
CS vs. Price[26]: -1/+1

For the Aggregate Scores
Trend (Trd): 1-100 score based on Monthly and Weekly
Intraday(Int): 1-100 score based on Daily, 4 Hour, and 1 Hour
Entry(Ent): 1-100 Score based on 30 Minute, 15 Minute, 5 Minute and 1 Minute.

You will have to install the attached font is you want the RSI and CCI bars to work. And you will have to create a terminal window with every value set to "none" for color. Also, there is option for pair name prefix and suffixes if your broker uses them. I have this running on MBT Trading, FXCM and CitiPro and am not having issues.

It might take some time to initially load. I would appreciate any feedback. I'm working on building this into a website that uses a raw tick feed from my broker so I don't have to use metatrader and so I can see the data when I am traveling. Maybe an iPhone app too.


Enjoy...

http://gyazo.com/975d67f0a18baa618b55d142bce90f24.png

...and other h4 signals on my blog...

http://www.kikkichimoku.com/home/201...ort-su-h4.html

I have been keeping an eye on this par for a little bit now with the recent strength of the Euro against the Dollar, also Oil strength effecting the Canadian Dollar.

On the daily chart, Ichimoku is set up nicely for a good move higher with price attacking resistance for the third time whilst making higher lows.
There is big resistance seen at around 1.5250 (around 850 pips from current price).

On the weekly, Price has broken through the top of the cloud and has hit the 0.382% Fib level and is currently capped.
There will be stops building above this level, so a healthy spike through should help EUR/CAD climb nicely.
Notable resistance is found at the 50% Fib level which coincides with the big psychological round number of 1.5000,
which will probably be a big profit taking opportunity and a pull back.
On the currency correlation meter on the weekly chart, the Euro has been strengthening with the CAD starting to lag a little.
I would like the see the CAD start cool off and fall whilst the Euro continues up the ascending trend line.

I'm going to keep an eye on this pair for a break above resistance, with a first target of 1.5000.

EUR/CAD Daily

EUR/CAD Weekly

http://gyazo.com/d9b7b270ef8282c57463e4c90d17aa3d


http://www.kikkichimoku.com/home/201...rt-su-m15.html