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Ichimoku Technical Sessions 2013

  • #181
  • Feb 5, 2013 8:15am Feb 5, 2013 8:15am
thanks captaincol,

I have been looking at the longer time frames and also the 5min charts as well. More studying the 5min. I noticed tonight that when the tekan sen and kijun sen cross and then the candles cross the cloud there has been approx 15 to 30 pips profits on quite a few different pairs. The gbpaud is a good example.

Sorry I am not sure how to post charts at the moment.

Still some more study first
  • #182
  • Feb 5, 2013 8:35am Feb 5, 2013 8:35am
Entered a long UJ trade at 93.24, has retraced a bit, so i'm offside now. Hopefully it can push through to make new highs. SL bottom of the Kumo. due to the vol on Yen pairs i'm only in half size.
  • #183
  • Feb 5, 2013 8:35am Feb 5, 2013 8:35am
Quoting Jalby
thanks captaincol,

I have been looking at the longer time frames and also the 5min charts as well. More studying the 5min. I noticed tonight that when the tekan sen and kijun sen cross and then the candles cross the cloud there has been approx 15 to 30 pips profits on quite a few different pairs. The gbpaud is a good example.

Sorry I am not sure how to post charts at the moment.

Still some more study first
Quick Question: (and by any means do not take it personally) How long have you been trading?

5 min is very prone to noise. You do not need to go below 1H especially if you are new to trading. I would recommend at least 3 months of Demo trading on the Daily and then only moving down to the 4H. If you can keep another 3 months just on the 4H and being profitable you will see that you do not need anything more than that.

You DO NOT have to sit at the screen the whole day.
  • #184
  • Feb 5, 2013 8:48am Feb 5, 2013 8:48am
hi Krypt, I've been trading for 1 year with mixed success. I still class myself as a newbie as I seem to try different strategies or systems and they work for a while and then bomb out for me.

I have always been interested in the ichimoku indi but never actually studied how to use it correctly. That's why I am glad I've found this thread. I did as, I think most traders have, start at the small time frames and then realize that the larger time frames are best as they are clear direction. I will take your advice with thanks and keep learning.

Cheers
  • #185
  • Feb 5, 2013 9:29am Feb 5, 2013 9:29am
Quoting allisonmagic
do you need help with something ?
I mean that we have a live chat room that is open for us 24/7 and we can discuss live about Ichimoku and our trades... and we can still running the thread for the main points of the discussion.. It is an excellent working mode to get live interaction on the chat room, and we post charts and get all in the action..
On another room for example: we make forecast of pairs and many traders have so many strategies and they explain and learn from each other and support each other .. Given that you have relived Ichimoku here by this thread let us make this chat room too for live discussion , you can start it Allison as u r the Thread owner .. what do you think ?
  • #186
  • Feb 5, 2013 9:36am Feb 5, 2013 9:36am
Quoting Jalby
I seem to try different strategies or systems and they work for a while and then bomb out for me.
Just this one sentence can make you turn your mixed success to success.

All traders is different in what styles they like to trade. You have the ultra fast nano second traders, scalpers, swing traders and trend traders.
The thing YOU need to find out is what YOU like.

and then STICK to IT, through hell, mud, blood, sweat and tears.

One or more trades means nothing in this game, even weeks and months.

Once YOU realise those trades means nothing. Even 7,8,9 losses back to back means absolutely nothing, nada.

And YOU WILL have these losses back to back, that is 100% fact.

So play the game, put on the trade when you get YOUR signals and did YOUR analysis and manage YOUR RISK
Why in the world will you risk 10% or more per trade when you know your system my have those losses in a row.

I promise just that one sentence can and will change your trading career.

Keep at one strategy and learn it inside out...... for us in this thread it is Ichimoku. When I started it seemed daunting but now this is all you need, NOTHING else.

* I get less than 50% winners but percentage wise my account is growing and growing.
  • #187
  • Feb 5, 2013 9:53am Feb 5, 2013 9:53am
<<Keep at one strategy and learn it inside out ...>>
I fully agree with Krypty, learning Ichimoku for example and trading it for all the time would change a career or a trader .. it is all about sticking to a technique and mastering it .. Ichimoku has been invented by a Japense Journal around the 30's of the century , then it get published late 60s ... from there it is still alive .. this is a sign for all of us about its quality and applicability for all markets ...
  • #188
  • Feb 5, 2013 9:56am Feb 5, 2013 9:56am
What Ichimoku settings is the best for you ?
The default is 9.26.52 ... I have seen some traders changing this to match the forex market ... have u changed this to another settings and it works better ..?
  • #189
  • Feb 5, 2013 12:47pm Feb 5, 2013 12:47pm
Quoting Jalby
Hi All, I am a newbie and this is my first post ever on FF. I have been struggle trading for a while now and have always been interested in the ichimoku indicator and glad to come across this thread. Congrats to you guys.

I have been watching the euraud today and made some good pips but not really sure of where it could end up. Not sure of which chart to follow to give the answers. (I hope that makes sense )

Any thoughts from you guys. thanks

Welcome to FF ! glad you chose to use Ichimoku, it is a wonderful system. the thing with Ichimoku is, it gives you 80% of the trend. here is a good place to start learning, or even finish

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


enjoy the forums, hope you get some good knowlege !
  • #190
  • Feb 5, 2013 12:49pm Feb 5, 2013 12:49pm
Quoting Dworf
hey guys,

im really glad regarding this Ichimoku thread...

so here is my entry from 1 hour ago on GBPJPY

Attachment

I was looking to enter this trade when Tenkan and Kijun started to seperate on 1H TF (double checked 4H TF and Kumu was below which is good) as well as Candle closed above Daily Resistance level (i was a little late to enter the trade was checking what next candle will do when i saw it started to retract i entered the trade)

im now +50 pips and BE set

hey dworf, what are the results of your gbpjpy trade ?
  • #191
  • Feb 5, 2013 12:51pm Feb 5, 2013 12:51pm
Quoting mosalem2003
I mean that we have a live chat room that is open for us 24/7 and we can discuss live about Ichimoku and our trades... and we can still running the thread for the main points of the discussion.. It is an excellent working mode to get live interaction on the chat room, and we post charts and get all in the action..
On another room for example: we make forecast of pairs and many traders have so many strategies and they explain and learn from each other and support each other .. Given that you have relived Ichimoku here by this thread let us make...
that's what we are doing here. discussing Ichimoku, our trades, ideas, and pairs we are watching
  • #192
  • Feb 5, 2013 1:20pm Feb 5, 2013 1:20pm
Quoting allisonmagic
hey dworf, what are the results of your gbpjpy trade ?
I hit TP1 (1/2) on 60 pips and second half went back to BE...

Im now long on EURJPY 1h TF from 126.381 im at 40 pips and im wondering if i should close half of profit as this is an support line (from 126.820) as it might drop back down with a retrace

mhm...
  • #193
  • Feb 5, 2013 1:21pm Feb 5, 2013 1:21pm
Quoting Dworf
I hit TP1 (1/2) on 60 pips and second half went back to BE...

Im now long on EURJPY 1h TF from 126.381 im at 40 pips and im wondering if i should close half of profit as this is an support line (from 126.820) as it might drop back down with a retrace

mhm...

if you draw your fib you should see your support and targets.. might be flat for a while
Attached Image (click to enlarge)
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  • #194
  • Feb 5, 2013 1:33pm Feb 5, 2013 1:33pm
Quoting allisonmagic
if you draw your fib you should see your support and targets.. might be flat for a while
yep... i exited half and set my BE and lets see if it brakes ill get rest up there if not then i have at least half ... so far day was good for me
  • #195
  • Feb 5, 2013 1:57pm Feb 5, 2013 1:57pm
Quoting Dworf
yep... i exited half and set my BE and lets see if it brakes ill get rest up there if not then i have at least half ... so far day was good for me
awesome good stuff
  • #196
  • Feb 5, 2013 2:05pm Feb 5, 2013 2:05pm
I'm long NZD/JPY at 78.99.. looks like we are free and clear up to the 86.xx area, gonna hold for a week or so.. hopefully i don't get knocked out
Attached Image (click to enlarge)
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  • #197
  • Feb 5, 2013 3:10pm Feb 5, 2013 3:10pm
Quoting mosalem2003
What Ichimoku settings is the best for you ?
The default is 9.26.52 ... I have seen some traders changing this to match the forex market ... have u changed this to another settings and it works better ..?
Keep with the original settings. They have worked for many decades. Do not curve fit to get results you want.
  • #198
  • Feb 5, 2013 4:07pm Feb 5, 2013 4:07pm
Quoting Krypty
Keep with the original settings. They have worked for many decades. Do not curve fit to get results you want.

well said.. seems like the standard settings work best on all TF's as well
  • #199
  • Feb 5, 2013 6:52pm Feb 5, 2013 6:52pm
Hi allisonmagic,

I checked out your nzdjpy chart and then looked at the euraud weekly chart. Could this be a new start of a trend as last week the candle closed above the cloud. Or is it a pre alert as we wait for the chickou to exit the cloud for more confirmation? Is this the correct way to scan for trades. Thanks
  • #200
  • Feb 5, 2013 6:55pm Feb 5, 2013 6:55pm
possible setup on USD/CAD on the 4h
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