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Ichimoku forever

  • #16,721
  • Dec 14, 2012 3:05pm Dec 14, 2012 3:05pm
Quoting GeraldFX
I was not willing to take that big risk. Therefore, i didn't took the breakout. Anyway, the market did reach my target, which was the monthly KS.
Gerald, one way that you could take the risk is to reduce your stake accordingly
For example, if the spread is 5x higher than you are used to, then reduce your stake by 5x (a la Manesh)
Plus, the longer the timeframe, the less the spread comes into play

I am not a big fan of exotics, but they do still trend, and often trend very well
Just wish I could trade as well as you to put this theory into practice!!!
  • #16,722
  • Edited 2:22am Dec 15, 2012 2:12am | Edited 2:22am
Hi Guys (and Gals)

Been lurking a while, just wanted to chime in and say that Ichimoku does work (I trade the daily and sometimes monthly time frame). I use the straight up default Ichi indicator that comes with MT4 on MTF charts, while "Ichi Dashboards" work for some, I don't use them.

When I first started studying Ichi 2 years ago, I didn't know crap, everything I know about Ichi is from this thread. I read the very first post to the last post and took to heart what was shared here. I'm not a smart person, just merely someone who is standing on the should of giants.

No doubt I will get flooded with what Ichi rules I'm using...all the rules I follow trading Ichi, are already listed here in this thread. I've discovered the secret to Ichi....I'll tell you what that secret is...its so simple you are not going to believe me. The secret is to invest in yourself by putting in the time to read and study this thread from the first post to the last post, take the time to study all the charts posted. The deeper your understanding of Ichi...is what will allow you to trade successfully.

Don't give up, here's a partial snapshot (profit in pips) to motivate you!
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 38 KB
  • #16,723
  • Dec 15, 2012 3:52am Dec 15, 2012 3:52am
Quoting hackrat
Hi Guys (and Gals)

Been lurking a while, just wanted to chime in and say that Ichimoku does work (I trade the daily and sometimes monthly time frame). I use the straight up default Ichi indicator that comes with MT4 on MTF charts, while "Ichi Dashboards" work for some, I don't use them. Don't give up, here's a partial snapshot (profit in pips) to motivate you!
No stop loss. I highly advise you to get one.
  • #16,724
  • Dec 15, 2012 8:49am Dec 15, 2012 8:49am
Quoting GeraldFX
No stop loss. I highly advise you to get one.
Agreed.

Another person in this thread....wink wink.....just stated to me last week that Risk is the main thing we should worry about. The rest will come.
  • #16,725
  • Dec 15, 2012 10:01am Dec 15, 2012 10:01am
Quoting Krypty
Agreed.

I didn't use them a long time ago. All my testing of the model I used only happened 3 times in 10 years, so I thought what are the odds.
Placed my trades and went to bed. Woke up the following morning down 35%. That was quite a feeling. Rode, the trade for a few hours and exited 25%.

Soon after, the pair continued to fall and was close to 8 months before price returned to about the level I exited.
  • #16,726
  • Dec 15, 2012 11:37am Dec 15, 2012 11:37am
Quoting GeraldFX
No stop loss. I highly advise you to get one.
Excellent suggestion, everyone should have a SL, even if you trade the daily or monthly.

I have a stealth SL that is used which helps avoid SL hunting from the brokers :^)
  • #16,727
  • Dec 16, 2012 12:06pm Dec 16, 2012 12:06pm
what do you mean by a stealth SL?


Quoting hackrat
Excellent suggestion, everyone should have a SL, even if you trade the daily or monthly.

I have a stealth SL that is used which helps avoid SL hunting from the brokers :^)
  • #16,728
  • Dec 17, 2012 2:46am Dec 17, 2012 2:46am
Quoting GeraldFX
Got in a short position at 7815 H4 TS. Still holding.
First target reached, 2nd target daily KS (if market allows).
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-17-nzdchf d1.png Size: 81 KB
  • #16,729
  • Dec 17, 2012 9:54am Dec 17, 2012 9:54am
Quoting GeraldFX
First target reached, 2nd target daily KS (if market allows).
Nice
  • #16,730
  • Dec 18, 2012 6:12am Dec 18, 2012 6:12am
GeraldFX, what entry signals did you use for that, think kumo with a bounce off the resistance point, then finding an entry on the H4 when price breaks TS?

Quoting GeraldFX
First target reached, 2nd target daily KS (if market allows).
  • #16,731
  • Dec 18, 2012 6:40am Dec 18, 2012 6:40am
Quoting captaincol
GeraldFX, what entry signals did you use for that, think kumo with a bounce off the resistance point, then finding an entry on the H4 when price breaks TS?
Hi, first it was an Ichimoku time element telling me that there will be a possible turning point. I got my entry using multiple time frame analysis to get into the market. My entry was on the H4 when it broke the Ts , came back and retested the Ts. I sell at that Ts. My stop is at the previous high.
  • #16,732
  • Dec 18, 2012 9:50am Dec 18, 2012 9:50am
EUR/GBP potential short opportunity (counter trend trade)
now price is testing the resistance of the upper boundary of the ascending triangle, weekly span A & monthly flat span B. Yesterday's candle was a dark cloud cover at a resistance level which is bearish, chikou span is testing the preceding peak, tenkan sen started to slant downward since 31 H4 bars, that's why I'm looking for short opportunity on H4. waiting for the current candle to close to confirm my analsis & take an action.
SL will be 0.8177
TP will be 0.8061 daily kijun

what you think guys...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpH4.jpg Size: 100 KB
Click to Enlarge Name: daily.jpg Size: 103 KB
Click to Enlarge Name: EUR_GBP_WEEKLY.jpg Size: 99 KB
Click to Enlarge Name: monthly.jpg Size: 87 KB
  • #16,733
  • Dec 18, 2012 5:01pm Dec 18, 2012 5:01pm
Quoting GeraldFX
Hi, first it was an Ichimoku time element telling me that there will be a possible turning point. I got my entry using multiple time frame analysis to get into the market. My entry was on the H4 when it broke the Ts , came back and retested the Ts. I sell at that Ts. My stop is at the previous high.
Gerald,

What an awesome trade - roughly a 30 pip stop and currently a +150 pip trade
5:1 so far and who knows where it's going...
Great going - here's to many more of them

Austin
  • #16,734
  • Dec 19, 2012 8:35am Dec 19, 2012 8:35am
Quoting GeraldFX
First target reached, 2nd target daily KS (if market allows).
I'm out - because my trading rules says so. I respect it and its my foundation. Respect & follow the trading plan is SUPER important.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-19-nzdchf.png Size: 106 KB
  • #16,735
  • Dec 19, 2012 12:33pm Dec 19, 2012 12:33pm
Hello guys,

Congratulation for this thread! I try to trade with ichimoku since 8 month now, and i think i have understand how to trade.
Now i'm looking for trade for 100pips and more, i'm a swing trader now
My rules is like yours, H4 and H1 bullish, i'm looking for entry on the 15min , and if H4 and H1 is bearish etc.. I'm inspire from the methodology of Gabor Kovacks , the move must be support by frame 15min, H1 and H4.

But i don't know where to enter the trade of the move of EURUSD on the 12/10/2012, cause my rules said H1 and H4 must be in the same trend, so i need your advice.
So look at the picture on the 12/10/2012 :

Daily :
The move was clearly bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: CaptureDaily.PNG Size: 40 KB


H4 :
The move was mixed because price are below the kumo but chikou is in the kumo.
I know that the Kijun Daily is a strong support!
Attached Image (click to enlarge)
Click to Enlarge Name: CaptureH4.PNG Size: 29 KB


H1 :
Ob the timeframe H1, it was bearish. Price was below the kumo.
So i have draw number 1 and 2
Number 1 : the move was support on the 15min (kijun and tenkan cross ) , but i not enter because my rules said, to wait that H1 must become bullish, not yet. But i know that the trade was safe because price was support by kijun daily!!

Number 2 : i enter in the trade because there are a kumo breakout , and on GBPUSD there are a kumo breakout + kijun H4 breakout by price.
Attached Image (click to enlarge)
Click to Enlarge Name: CaptureH1.PNG Size: 55 KB


Did you choice enter on the number 1 or 2 ? how did you manage with a kijun daily in support?
sorry for my english, i'm french.
  • #16,736
  • Dec 19, 2012 6:15pm Dec 19, 2012 6:15pm
Quoting gg78
Hello guys,

Congratulation for this thread! I try to trade with ichimoku since 8 month now, and i think i have understand how to trade.
Now i'm looking for trade for 100pips and more, i'm a swing trader now
My rules is like yours, H4 and H1 bullish, i'm looking for entry on the 15min , and if H4 and H1 is bearish etc.. I'm inspire from the methodology of Gabor Kovacks , the move must be support by frame 15min, H1 and H4.

But i don't know where to enter the trade of the move of EURUSD on the 12/10/2012, cause my rules said H1 and H4 must...
In my point of view, Gabor's strategy is very good and high probability because it uses 3 tf to sync on a trending direction. Many traders, including myself when I first started using Ichimoku, had no patience in waiting for this kind of setup. That's when a trader will start to look for something else. If a trader can be patience enough, then they will see the result with it.

Firstly, when it broke out of cloud on the daily. It had the ichimoku setup on the H4 and H1. Attached is the M15 bull run entry as per his trading plan.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-20-eurusdm15.png Size: 98 KB
  • #16,737
  • Dec 20, 2012 3:15am Dec 20, 2012 3:15am
So here was a 4H trade I just closed.
Entry was at 86.630 with a initial SL at 86.287
Trade ran from the 11th to the 20th Dec.

Reward: Risk
3.13 : 1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY11DEC.jpg Size: 147 KB
  • #16,738
  • Dec 20, 2012 3:32am Dec 20, 2012 3:32am
Quoting Krypty
So here was a 4H trade I just closed.
Entry was at 86.630 with a initial SL at 86.287
Trade ran from the 11th to the 20th Dec.

Reward: Risk
3.13 : 1


nice one, good for you
  • #16,739
  • Dec 20, 2012 7:06am Dec 20, 2012 7:06am
As the D1 was falling, and the H4 was bearish, I would have been waiting for a short side break out of that consolidation. That didn't happen, so I would have been out of the market for this part. Better to wait for what you know rather than try and force in a trade.

Quoting gg78
Hello guys,

Congratulation for this thread! I try to trade with ichimoku since 8 month now, and i think i have understand how to trade.
Now i'm looking for trade for 100pips and more, i'm a swing trader now
My rules is like yours, H4 and H1 bullish, i'm looking for entry on the 15min , and if H4 and H1 is bearish etc.. I'm inspire from the methodology of Gabor Kovacks , the move must be support by frame 15min, H1 and H4.

But i don't know where to enter the trade of the move of EURUSD on the 12/10/2012, cause my rules said H1 and H4 must...
  • #16,740
  • Dec 21, 2012 7:07pm Dec 21, 2012 7:07pm
I had a sell triggered yesterday on the H1 for GBPUSD. target was daily TS.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-22_00-36-24-139663654.jpg Size: 66 KB
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