Ichimoku Technical Sessions 2013

That would be great, Thanks

Another question. you mentioned in one post that your demo located a situation.... I am not sure what you meant by that. Do you have several charts open and an alert appeared.? If so, how did you configure an alert.

Thanks

some reading about Ichimoku

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


https://www.youtube.com/results?sear....1.Z3swx7CC_7Y


there is one thing noone in these youtube videos will teach you. I'll point it out when i document my strategy for you

So basically i trade by the standard rules of the ichimoku system.


http://www.kumotrader.com/ichimoku_w...itle=Main_Page <--- for the basics and some entry and exit strategy


Long entry; only enter if these requirements are met:

Tenkan Sen and Kijun sen are above the cloud.

Price is above the cloud as well as above the Tenkan and Kijun lines

Tenkan line above kijun line

and the last but most important: Chinkou span above everything !


when you get long, and all these conditions are met, wait for a close of the breaking candle/chinkou span before you enter. at this point, set an entry order 5 pips above the high of that candle. this way you only get into the trade when the market is ready to move in your direction.


Short entry : reverse the entire process.

these are just the basics of entry into the market.. now.. before you get into a trade, you want to check your bias of the pair your trading.. i will usually check the daily chart first to see where the overall trend is headed. then jump down to a 4 hour chart and look for entry.. if i cannot find and entry i will go down to the 1h chart, so on and so forth until i get down to about 15m chart for an entry. if i cannot find an entry then i will wait for one or move to another pair. ( this is just my personal preference, you can do this however you like)


Another thing you might look into is to check the kijun line and kumo .. if we have a flat bottom kumo and you want to get long, i would wait to see if we have a kumo twist to the short side, if not, then i will wait to see price go down into the cloud and bounce off of it's supporting levels.. then look into the future kumo to see if it's bullish or not.. if you cannot see too close into the future kumo, then move to a higher timeframe. as far as the kijun sen goes, you will be looking to see how far price is away from the kijun at the time of the trade, also you will be looking to see if the kijun is flat.. if you are about a dozen candles away from the kijun, you will start to see the kijun flatten out.. just like the flat bottom of the kumo, as to say " let's get back to equilibrium " .. it will literally pull price back towards itself, so be careful and look for a correction if you see these things happening before you just jump into the trade.


for exiting your trade... i use a couple of methods.. i'm mostly watching the 4h chart for direction of the trend while i have an open order. (i still get my bias from the daily). if i am up +20 pips, i will set a +1 dynamic stop loss on the trade to lock in profits as the trade gains profits. another thing i do if i am sure we will have a pull back and another boost up is i won't set a stop loss on the 1h charts since i am looking at 4h charts.. i will look for a closing candle below(going long) the kijun. if i see this, i know there is a possible trend change in effect. 1 more thing to do is setup heiken ashi indicator to see possible trend changes. 2 closing candles with the opposite color of your trend is a possible trend change. however you have to know how to use candle sticks.. if you have small candles in the other direction, that usually means there is a very small possibility of trend change(not very many people are willing of going the other way). or if you have a long down wick and no body(doji) meaning indecision. usually means there is not much conviction to go in 1 way or another. trend line breaks, pull back to the kijun, flat bottom kumo's, etc..... these are all signs of a possible reversal. i have some indicators that alert me of changes in direction, breaks of the kumo or price, kijun/tenkan crossovers, etc... that's basically how i trade. very simple. i wouldn't worry about discipline, ichimoku will force you to be disciplined based on it's rules of entry and exit. The ichimoku system can be used with any currency and even stocks or commodity's .. however, i like to use it with the yen pairs because the central banks of asia and most big asian banks and asian traders use it to trade their currency.. so they will be looking at the same thing you are looking at. if you want to make hundreds of pips, you should look into the yen pairs that have the highest daily ranges.. eur/jpy, chf/jpy, so on and so forth..use your ATR indicator. if you have any issues figuring out where your target is going to be, just do like i do and use fibonacci retracements. if you see a 38% retrace, you most likely will hit the 0.382 line above 100. try it out.. first target, 382, next target at 50, then 618, so on and so forth. works great


if you guys need a good way to find pairs to trade, i use this.. it is basically a Relative strength index showing the strength of each currency. so you can mix and match and trade accordingly..

http://www.forexticket.us/en/forex-c...-index#c_index

and here's another good heat map :

http://www.netdania.com/Products/liv...eList.aspx?m=q




if you have any questions, just ask

here's my template with indicators if you like my setup. works in metatrader. modify it however you like. i even dumped in a free EA, works pretty good since it's based on ichimoku

check this out.. at this point you would think " LET'S GO SHORT, HARD ! DOUBLE DOWN ! " .. woah chill out cowboy ! take a look at your chinkou span.. is it in line with kumo and price ? nope.. we haven't closed under the cloud yet.. now, hold on and see if you get a close under the cloud for the entry. and look for a kumo twist in the future.

is it just me or does noone trade ichimoku ? lol, i love it because you can visually see consolidation, support, resistance, everything is outlined. it's beautiful

Quote Blaiserboy:


"many people want to find the grail, they do not want simplicity as that is not good for their ego trying to 'dominate' the market.

So they work on 5 minute and 15 minute... lose their money and go away

Very few do ok with 5 minute

Ichimoku is hard to accept because it is all laid out for the trader...

hehehehe"

Trading with Ichimoku is like bowling with gutter guards

USDCAD 4 hour

I will be watching this one as the market opens to see if a break below the cloud

i was looking at the same thing lol.. with a daily average around 50+ pips is more long term though. sit and hold for a few weeks type thing

CadChf

Waiting for it to drop below the arrow

is there any consolidation on the 1h or 30m ?

have to see if it backs off the cloud on the 60 minute

we have a kumo twist in our future, and a major flat top. this is a good pair to watch because it's trending weekly, with a reasonable daily average around 80+.


keep me posted on that one

After this next week, I will be looking to gain approx 1,000 pips using ichimoku on 4 hour charts..... serious!

yah it looks like some good trends setting up for us bro. keep me updated on what your lookin at

cad gdp on thursday.. nothing serious other than that.. at least nothing that's a market changer

LOL It is what we do not expect that causes big shifts...