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Ichimoku forever

  • #16,361
  • Oct 30, 2011 10:59am Oct 30, 2011 10:59am
If we get the breaks, these are the zones and how I will trade them.
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  • #16,362
  • Oct 30, 2011 12:36pm Oct 30, 2011 12:36pm
After finding an Ichimoku EA (that backtested well on 1 HR gold see my thread -> http://www.forexfactory.com/showthread.php?t=322861) I am learning more about the basics of the system. I am reading the book "Ichimoku Charts, An intro for beginners" by nicole elliot. In it, she states that the method is supposed to only be used on timeframes 1 day and higher. She learned it from Japanese bank traders so I would think this is how the system was originally meant to be used. Obviously it can work on lower TF's, I'm just wondering what the factors to be mindful of when trading lower TF. Thanks.
  • #16,363
  • Oct 30, 2011 1:39pm Oct 30, 2011 1:39pm
Quoting Blud4oilPrgm
After finding an Ichimoku EA (that backtested well on 1 HR gold see my thread -> http://www.forexfactory.com/showthread.php?t=322861) I am learning more about the basics of the system. I am reading the book "Ichimoku Charts, An intro for beginners" by nicole elliot. In it, she states that the method is supposed to only be used on timeframes 1 day and higher. She learned it from Japanese bank traders so I would think this is how the system was originally meant to be used. Obviously it can work on lower TF's, I'm just wondering what the...

I have read that book, its basic and of the Ichi books its the least valuable in my opinion. The PDF by Gabor Kavocs and Manesh Patels book is better explaining Ichi and 2nd Skies has an alternative view of Ichi.

Yes. Ichi is better on the higher tf's, but it can be used on the lower tf's. Just because the Japanese traders aren't doing it doesn't mean it won't work.
  • #16,364
  • Oct 30, 2011 2:42pm Oct 30, 2011 2:42pm
Thanks for the information knucklehead. Right, well any indicator or system will usually perform better at higher tf's. I think you are right it's a basic book and without providing any real reason I found the statement to be dubious.

I will check them out and am about to read the ichiwiki pdf someone posted.
I've been trading for several years have heard about ichimoku sometime ago, guess at the time it just seemed like another system. But after having gone through so many of the systems out there, many will of course fail during certain market conditions.
  • #16,365
  • Oct 30, 2011 2:47pm Oct 30, 2011 2:47pm
Quoting Blud4oilPrgm
Thanks for the information knucklehead. Right, well any indicator or system will usually perform better at higher tf's. I think you are right it's a basic book and without providing any real reason I found the statement to be dubious.

I will check them out and am about to read the ichiwiki pdf someone posted.
I've been trading for several years have heard about ichimoku sometime ago, guess at the time it just seemed like another system. But after having gone through so many of the systems out there, many will of course fail during certain market...

No problem. If you want, a guy in our skype group has Gabor's PDF. His site is under construction and not available at the moment. Send me a PM and I'll get it to you.
  • #16,366
  • Edited 4:52am Oct 31, 2011 4:39am | Edited 4:52am
200ma resistance,but still looking good to me.target around 1.391
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  • #16,367
  • Oct 31, 2011 6:27am Oct 31, 2011 6:27am
Quoting knucklehead
If we get the breaks, these are the zones and how I will trade them.

Well the long breaks obviously didn't happen thanks to the BOJ and their kind intervention. But, there were some great trades on the 5m and 15m with both short breaks and crosses.
  • #16,368
  • Nov 2, 2011 6:21am Nov 2, 2011 6:21am
The markets seem to be recovering a little better now, not so many awful spikes on those 1h candles, still having a bit of a battle with my 1h method...

I also use a good 15m method but normally only trade it in summer.

is anyone finding success with any 15m methods at the moment, or do you find the markets too choppy?
  • #16,369
  • Nov 2, 2011 7:23pm Nov 2, 2011 7:23pm
Quoting ChrisBB
The markets seem to be recovering a little better now, not so many awful spikes on those 1h candles, still having a bit of a battle with my 1h method...

I also use a good 15m method but normally only trade it in summer.

is anyone finding success with any 15m methods at the moment, or do you find the markets too choppy?

All the time. Use it confirmations also.
  • #16,370
  • Nov 3, 2011 2:10am Nov 3, 2011 2:10am
Hi Guys ; what inputs you use For your Ichimoku ???

Thanks .
  • #16,371
  • Nov 3, 2011 3:51am Nov 3, 2011 3:51am
Quoting knucklehead
All the time. Use it confirmations also.
I mainly trade the 1H chart with 4h and daily to confirm, I trade this every day without fail, I do have a good ichi 15m method with 1h and 4h confirm but once we start seeing a lot of consistent spikes it becomes a little trickier to trade so I tend to stick to my 1H method at this time of year.
  • #16,372
  • Nov 3, 2011 7:14pm Nov 3, 2011 7:14pm
Quoting ChrisBB
I mainly trade the 1H chart with 4h and daily to confirm, I trade this every day without fail, I do have a good ichi 15m method with 1h and 4h confirm but once we start seeing a lot of consistent spikes it becomes a little trickier to trade so I tend to stick to my 1H method at this time of year.

Yea, that's like Gabor Kavocs way to trade using two higher tf's to confirm trend. Ever read his ebook?
  • #16,373
  • Nov 4, 2011 4:35am Nov 4, 2011 4:35am
Quoting knucklehead
Yea, that's like Gabor Kavocs way to trade using two higher tf's to confirm trend. Ever read his ebook?
No I have just googled it and found it, may give this a read this weekend, Ive studied ichimoku for nearly 4 years now, so there isn't much I don't know, however its always nice to her other peoples opinions on this great indicator.
  • #16,374
  • Nov 4, 2011 4:39am Nov 4, 2011 4:39am
look at eur/usd H1 it might be a good bullish trade setup,market has been very choppy
since it bottomed at 1.3600
chinkou almost breaking out of kumo and price is testing with last highs
Never again will fade the trend
  • #16,375
  • Nov 4, 2011 4:51am Nov 4, 2011 4:51am
Quoting swingfiddle
look at eur/usd H1 it might be a good bullish trade setup,market has been very choppy
since it bottomed at 1.3600
chinkou almost breaking out of kumo and price is testing with last highs
I actually took this trade on the break of the Kumo on the 1H,

[IMG]http://img831.imageshack.us/img831/3...11104at094.png

Once we see the Chikou S break the Kumo, I may move my TP up to 13880, which is the next resistance, as shown by the flatten Kumo
  • #16,376
  • Nov 4, 2011 5:00am Nov 4, 2011 5:00am
nice one!,my buy stop was triggered @1.3840,lets see what happens,if this proofs a trend i ll start adding
Never again will fade the trend
  • #16,377
  • Nov 4, 2011 5:05am Nov 4, 2011 5:05am
Guys check this thread,we had made a live chat room last april but we quite lost each other during the summer,it would be nice meeting there discussing and trading real time.
here is the link see you there

http://www.forexfactory.com/showthread.php?t=290685
Never again will fade the trend
  • #16,378
  • Nov 4, 2011 5:22am Nov 4, 2011 5:22am
Quoting swingfiddle
Guys check this thread,we had made a live chat room last april but we quite lost each other during the summer,it would be nice meeting there discussing and trading real time.
here is the link see you there

http://www.forexfactory.com/showthread.php?t=290685
Thanks swingfiddle, Ill may check this out later
  • #16,379
  • Nov 4, 2011 5:26am Nov 4, 2011 5:26am
Quoting swingfiddle
nice one!,my buy stop was triggered @1.3840,lets see what happens,if this proofs a trend i ll start adding
We will see a resistance from the Kijun on the 4H chart, so keep an eye on that too

[IMG]http://img204.imageshack.us/img204/8...11104at102.png
  • #16,380
  • Nov 4, 2011 8:13am Nov 4, 2011 8:13am
Here is my two cents...may not be worth much. If you want that ebook send me your skype name, I don't have it and it's not on his website anymore, but a guy in our group has it. Sure it's nothing you don't already know about, but a good read nonetheless.
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