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Ichimoku trading journal

  • #201
  • Nov 28, 2011 3:26pm Nov 28, 2011 3:26pm
Hi,
It's been for almost 2 years I have been involved with Ichimoku but now I understand it more clearly thanks to Manesh Patel.

I use the default settings and look at the larger time frames and then trade in smaller time frames (5, 15, 30 min). Sometimes I counter trade. You basically follow the price action and get a sense where the price should be. News can be deceiving.

There is no need to use any extra indicators. Ichi has 5 indicators built into it (Fibonacci, S&R levels, etc.) You just get the bigger picture and follow the trend.

Many people trade after a TS and KS cross which can be a good trade.

Evet, Turkum, ya sen? Kanada'dayim.

Yilmaz


Quoting selym_co
as i see you have been interested in ichimoku trading for a long time.. and there are things which i wanna ask...first of all do you use the default settings of the ichimoku indicator ? Second , do you use extra tools to decide Stop Loss or Take Profit level ? and Is ichimoku ur primary weapon against the forex market ?

(By the way , Türk müsn sen ?)
  • #202
  • Nov 28, 2011 3:36pm Nov 28, 2011 3:36pm
Well...i ll keep talking in english ...because we might be kicked out of the forum because of talking in another language except english (just my theory) My name is selim and i live in İzmir and its really honour to meet a turkish guy who pays attention to making analysis of the price instead of looking for the holy grail..i also read and focused on ichimoku in the past...but did not improve myself that much.And as i read from the documents it was first designed to be profitable in daily and weekly charts...and it is ! but when you go to smaller timeframes with the default settings then it can be a disaster (as i know)...and ethere is also a thread here where they trade only with ichimoku with different settings in order to make it profitable in smaller timeframes...and honestly iit works (as i saw in the screenshots)...but i still think that there are points in this indicator which are missing ! It doesnt give the user the chance to dominate a stop loss and take profit level...it needs to be supported with channels or fibonacci toosl..at least this is my idea..and its really a mysetry which settings are the optimum settings for smaller timeframes like 15M ...

I ll check the earlier pages of ur journal..but i still think that ichimoku cannot pas beyond "being a filter"...and it cannot be a primary indicator while trading...but on the other side I FELL that it has a big potential...i am just confused
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #203
  • Nov 28, 2011 3:47pm Nov 28, 2011 3:47pm
Nice ti meet you Selim. It is best to talk in English here. Read "Ichimoku forever" forum here. They use smaller time frames (5 to 15 min). The system is designed for larger time frames and might not work in smaller time frames. I usually am in front of the screen when i trade short time frames and can act quickly.

There is no holy grail in trading as you and I know it and it takes a lot of work. I have been spending over 2,5 years in trading and just started to make money. It is fun to be your own boss and chose your own destiny as a trader. I still have to work 2 other jobs and am a part time student. I am fairly busy.

Anyway, one of my friend also uses ichi and he also uses Force, Standard deviation and RSI to confirm his entry and exits. You may want to try.

I gotta go. Nice to meet you again and make sure you watch Manesh patel's video on ichi: https://www.ichimokutrade.com/ register and watch the webinar under education. make sure you visit ichimoku forever forum here which will help you a lot.

Good luck and don't hesitate to ask any questions you may have.
Yilmaz



Quoting selym_co
Well...i ll keep talking in english ...because we might be kicked out of the forum because of talking in another language except english (just my theory) My name is selim and i live in İzmir and its really honour to meet a turkish guy who pays attention to making analysis of the price instead of looking for the holy grail..i also read and focused on ichimoku in the past...but did not improve myself that much.And as i read from the documents it was first designed to be profitable in daily and weekly charts...and it is ! but when you go to...
  • #204
  • Nov 28, 2011 4:00pm Nov 28, 2011 4:00pm
well...i also have spent almost 2,5 years in trading and the first 2 years i was just a gambler who didnt know how to use anything and expected 100% performance from every indicator he tried and failed in the end...and i have been doing it more seriously since last june and ichimoku is still just an indicator in my junk folder and sometimes i put t on the screen if i miss its untidy appearance but as i told before...yes it has a big potential and i wonder who will totally discover how to turn that potential into kinetics...thats why i check such threads on the forum about ichimoku...

I , myself use equdistant channels and fibo tool as primary indicators since summer...and i make good money now so wat i learnt is : the cleaner ur screen is , the more you earn ! and i really do not want to go back to "trying different strategies phase" but i will follow ur thread and will try to make advantages of ur knowledge and experience about ichimoku...its really an art to use it...and i m sure i will learn lots of things from ur trading...

wats ur department at university ? and did you go there by work an travel or something like that ? or do you just live there since the day you were born ?

regards...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #205
  • Nov 28, 2011 6:25pm Nov 28, 2011 6:25pm
I also saw FX like gambling and when I first started I had no clue. Unfortunately, some brokers show FX like a cash cow and paint a pink world but the reality is it takes a lot of work, sweat and dedication to be a good trader. I am still on the way to be a good trader.

I stopped playing with indicators after I met Ichi. Even ichi is not perfect and it is also an indicator but a unique one. It's been around since Second World War.

I am glad you make money. As a student, it is more crucial for you to earn any income possible. I hope you will have six figures in your trading account one day.

I am not a good teacher but am willing to share what I learn and I know. I took some university courses in Turkey, the US, and here in Canada but never got a degree. I work in health care and see people suffer and die. Unfortunately, we are mortals and we get sick and die.

I was born and raised in Bursa and lived in Turkey for 25 years. I have been away for 15 years (I am 40.)

Currently, I am on the way to be a financial adviser. I am taking distance courses hoping to get a job in a bank to help people with their financial planning/advise and retirement planning. I also trade stocks but since I don't have much money (Canada is quite expensive) most of my stocks are down.

Anyway, I hope your trading journey might be a very successful one and you can share your wealth with less fortunate ones





Quoting selym_co
well...i also have spent almost 2,5 years in trading and the first 2 years i was just a gambler who didnt know how to use anything and expected 100% performance from every indicator he tried and failed in the end...and i have been doing it more seriously since last june and ichimoku is still just an indicator in my junk folder and sometimes i put t on the screen if i miss its untidy appearance but as i told before...yes it has a big potential and i wonder who will totally discover how to turn that potential into kinetics...thats why i check...
  • #206
  • Nov 29, 2011 3:27am Nov 29, 2011 3:27am
I am a student too...but a lazy one...i have been an athlette for 8-9 years and i never went to school except registration times then i was kicked from school and started doing this forex thing and sank deeper and deeper then i was again accepted back to school after a kind of legal revolutions and everything got better and better...and now i an really make money in the market and its not a stressful thing anymore...forex is really fun when you are aware of the things you do , draw , measure ...you can even kinda draw the map of the journey of the price before it happens...and it gives you money the magic is finding a method which fits in ur character...and sticking with it and expertising on it...then FX has a big potential..

Well...now i have to leave..i have an exam today..i shud run to school

See u later...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #207
  • Nov 29, 2011 3:42am Nov 29, 2011 3:42am
Hi,

I am glad you make money. It is a really tough business and also harder to keep the profits. As they say it is easy to make money but harder to keep it

I am glad you are not stressed in trading. Best luck to you in school and trading.

Quoting selym_co
I am a student too...but a lazy one...i have been an athlette for 8-9 years and i never went to school except registration times then i was kicked from school and started doing this forex thing and sank deeper and deeper then i was again accepted back to school after a kind of legal revolutions and everything got better and better...and now i an really make money in the market and its not a stressful thing anymore...forex is really fun when you are aware of the things you do , draw , measure ...you can even kinda draw the map of the journey...
  • #208
  • Nov 29, 2011 3:45am Nov 29, 2011 3:45am
Here are the pairs I looked at and some have opportunities to trade and some you might need to waiting a bit to get a clear trading signal. I checked mainly the Daily time frame to see the trend. Only Gold is bullish in monthly chart (messy in daily and weekly).

aud/nzd, eur/gbp, eur/nok, eur/nzd, eur/sek, gbp/chf, gbp/dkk, gbp/sek, nzd/cad, nzd/jpy, nzd/usd, usd/cad, usd/dkk, usd/mxn, usd/nok, usd/sek, usd/try

gold monthly

Hope it helps.
  • #209
  • Nov 29, 2011 9:40am Nov 29, 2011 9:40am
i will not make any suggestions...but i have these indicators which i downloaded from this forum...they can be useful for you...and i think u have already tried them before...but maybe u didnt
They used 8,24,48 settings in the thread where i downloaded them...but u can change them to 9,26,52 or to any other setting...
Attached File(s)
File Type: ex4 ZB-CloudCandles.ex4   8 KB | 375 downloads
File Type: ex4 ZB-CloudLines.ex4   7 KB | 363 downloads
File Type: ex4 ZB-CloudMatrix.ex4   8 KB | 423 downloads
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #210
  • Nov 29, 2011 10:07am Nov 29, 2011 10:07am
It's funny I actually found the same forum and tried those indicators but I still prefer original Ichimoku. I found that the indicators you suggested do not have the Chikou Span and the clouds (Span A & B) seems to have different settings. if the one you suggest works for you (they seem to be for a short term trading) use them but you mentioned your own system works and I would suggest to stick the system works for you and use the original Ichimoku to see the trend.

All in all, I hope you become a very successful trader and turn it into a full time business. I know Hedef Online(fx broker) was located in Izmir but they are really bad and now they are in Cyprus.

Which broker do you use? Are you happy with your borker?
Talk to you later, I am off to bed hopefully for a couple of hours sleep. I only slept less than 3 hours


Quoting selym_co
i will not make any suggestions...but i have these indicators which i downloaded from this forum...they can be useful for you...and i think u have already tried them before...but maybe u didnt
They used 8,24,48 settings in the thread where i downloaded them...but u can change them to 9,26,52 or to any other setting...
  • #211
  • Edited 10:39am Nov 29, 2011 10:24am | Edited 10:39am
i just had them in my download folder and wanted to at least participate in the improvement process of ichimoku trading system..as i told before i dont use them...ichimoku and its crazy untidy lines are still in my junks folder except the ichi cloud...it is good about giving ideas about the general direction....and i am really happy with my present method...

About the broker..i do not even approach any Turkish or Azerbaijan Broker companies...if i am walking on the pavement i cross the road and walk on the opposite side...those turkish and aerbaijan brokers are just scams...i have never tried any of them but a friend of mine had big problems with them in the past...But nowadays SPK Made legal revolutions about the broker companies and they cannot cheat people as much as they did before...
I work with FXDD...i am happy with it and i really feel that i am their customer whenever i have problems i just connect to live-chat and they solve my problem as soon as possible...and the levarage is not that big... 1/200 ..and there is almost never a disconnection with the server...But there are bad things about it too...it has got too wide spreads and they change the spreads all the time...sometimes pairs like AUDNZD and some other AUD pairs have -15 pip spreads...and once i remember i had a SELL order in AUDNZD and it wud give me some profits...my STOP level was 35 pips above...and my order was closed just because of the spread which jumped to -37 in a few seconds ! i know it sounds like mythology...but it was real...but honestly it doesnt happen all the time...Now i have SELL orders in silver and the spread changes between 3 and 15...i plan to skip to alpari UK...as i learnt they have small spread amounts...once i sent an email with 5-6 questions involved...they called me on the phone in a few days and answered all of my questions...and they really made me to decide to skip to their company...
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #212
  • Nov 29, 2011 1:00pm Nov 29, 2011 1:00pm
Hy guys,

today there were good opprtunities by EUR/GBP and GBP/CHF - both 15 and 30 min.
  • #213
  • Nov 29, 2011 2:35pm Nov 29, 2011 2:35pm
Thanks for the tips. I hope you had some pips


Quoting Happy68
Hy guys,

today there were good opprtunities by EUR/GBP and GBP/CHF - both 15 and 30 min.
  • #214
  • Nov 29, 2011 2:36pm Nov 29, 2011 2:36pm
Long on EUR/USD and aiming for 20 pips
  • #215
  • Nov 29, 2011 3:17pm Nov 29, 2011 3:17pm
Closed with some pip gains but the market is very slow and there is no need to keep trading. I will go out and enjoy the day even though I am at work right now.

Quoting edmturk
Long on EUR/USD and aiming for 20 pips
  • #216
  • Nov 30, 2011 8:13am Nov 30, 2011 8:13am
I did some scalping last night before London opened and slept. When I woke up their were all closed. I am just thankful being on the winning side. I really see the benefit of crucial money management.

I might trade in demo to test the volatility, and improve my trading skills. I might be really volatile tomorrow mornings since it would be the first trading day of the month and today is the end of the month to settle trades, etc.

I wish everyone luck and please be cautious. Earning money might be easy but keeping it is definitely not. I am trying not to be greedy.
  • #217
  • Nov 30, 2011 9:49am Nov 30, 2011 9:49am
I used Alpari UK before and they were good. I never had any problems with them. I made a mistake of opening an account for almost 2 years ago with Hedef Online and once or twice they froze my account for scalping. They moved to Cyprus now (Turkish side). My only advise would be to deal only with a broker who is registered in the UK or the USA. There are a lot of brokers in Cyprus and many are only registered with their local FSAs. I was scammed by one and money+broker disappeared.

I wish you luck my friend.

Quoting selym_co
i just had them in my download folder and wanted to at least participate in the improvement process of ichimoku trading system..as i told before i dont use them...ichimoku and its crazy untidy lines are still in my junks folder except the ichi cloud...it is good about giving ideas about the general direction....and i am really happy with my present method...

About the broker..i do not even approach any Turkish or Azerbaijan Broker companies...if i am walking on the pavement i cross the road and walk on the opposite side...those turkish and aerbaijan...
  • #218
  • Nov 30, 2011 11:47am Nov 30, 2011 11:47am
I am trying to read all the threads in "Ichimoku Forever" and I just read this paragraph which I think is very good:

"We should really be doing this like each of us is a hedge fund manager in a professional firm. Trade like your account is 100,000 times its actual size, and pretend like its other people's money. We all drive safer when other passengers are in the car, so the same principle must apply here."

Here is the link:
http://www.forexfactory.com/showthre...190646&page=69
  • #219
  • Nov 30, 2011 12:14pm Nov 30, 2011 12:14pm
Here are my thoughts of what I see on this pair.

Monthly: Bearish/consolidating
Weekly: The price is at Span A(bearish) which is resistance for the price. Looks all bearish.
Daily: It is still bearish. Chikou is looking up, the price met the TS, Cloud is getting thinner (less volatility & will be easier to break in the future), the price is still way below the cloud,
4H: Price is in the cloud (consolidating), it will be hard for the price to break through to go bullish.
1H: It is still over the cloud but the cloud is bearish.
30 Min: Expect a upper pullback to go bullish.
15 Min: Same as 30 min.
5 min: Bearish & in the cloud.

So, wait and trade according to Ichimoku rules.
Good luck.
  • #220
  • Nov 30, 2011 12:51pm Nov 30, 2011 12:51pm
Hey,

I follow your thread I like Ichi but I can not trade all what I like

Why do you care, where is the Ichi on monthly and weekly charts, if you trade on 5 and 15 min???? I think, daily is enough.
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