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Ichimoku Technical Sessions 2013

  • #261
  • Feb 7, 2013 8:49pm Feb 7, 2013 8:49pm
Quoting Blaiserboy
AUDUSD is moving up, maybe this is a retrace...... and will fall again when meeting resistance. It retraced and fell twice already today.

what time frames are you watching ?
  • #262
  • Feb 7, 2013 9:06pm Feb 7, 2013 9:06pm
Quoting allisonmagic
what time frames are you watching ?
no special time frame, just watching support and resistance

The ichimoku is great with all of its added features and rules and guidelines and interpretations and combinations and permutations......... and those are derived from simple price action.. time frames are sometimes irrelevant, price action is where its at.

That is how I knew to short EurUsd last night..... against the rules of Ichimoku... and I cleaned up
  • #263
  • Feb 7, 2013 9:19pm Feb 7, 2013 9:19pm
Support and resistance, instead of being illustrated by Fibonacci, is better done with the chikou span zigs and zags and wiggles...

Everyone and his uncle uses fib tool... so it becomes self fulfilling... Use higher tf's and mark the chikou places and you will have far more accurate S&R, some of which will match fibo.

Try it starting with the monthly chart down to 240 minute........ you will have a very clear pic.

Fibonacci is a school of thought that people have adapted and treat as a grail...... and it does not always represent what the trader needs to see, unless the guy has been drawing fib lines for a few years on the same chart. Most of the fib 'experts' have two or three sets of lines at the most.... far less accurate than using the chikou.
  • #264
  • Feb 7, 2013 9:25pm Feb 7, 2013 9:25pm
Quoting Blaiserboy
no special time frame, just watching support and resistance

The ichimoku is great with all of its added features and rules and guidelines and interpretations and combinations and permutations......... and those are derived from simple price action.. time frames are sometimes irrelevant, price action is where its at.

That is how I knew to short EurUsd last night..... against the rules of Ichimoku... and I cleaned up

so if you aren't trading by the rules of ichimoku, then why are you here
  • #265
  • Feb 7, 2013 9:38pm Feb 7, 2013 9:38pm
hi all, i've uploaded my first chart ever and ask for your thoughts. to me it seems that the euraud could be beginning a bullish run. on the 4hr i posted it is in the cloud but there is a long tail on and above the fib level. on the 1hr it is sitting on the support line of the cloud. on the d well above the cloud and sitting on support line. on the wk it has broken through the cloud and this week pulled back.

now today we chinese cpi and ppi data coming out. if the data in good in china the aud could rally but if not the aud could fall across the board. i don't trade the news but i am looking long term. your thoughts please
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  • #266
  • Feb 7, 2013 9:55pm Feb 7, 2013 9:55pm
Quoting Jalby
hi all, i've uploaded my first chart ever and ask for your thoughts. to me it seems that the euraud could be beginning a bullish run. on the 4hr i posted it is in the cloud but there is a long tail on and above the fib level. on the 1hr it is sitting on the support line of the cloud. on the d well above the cloud and sitting on support line. on the wk it has broken through the cloud and this week pulled back.

now today we chinese cpi and ppi data coming out. if the data in good in china the aud could rally but if not the aud could fall across...

consolidation.. i think everyone is waiting for the news ranging on the weekly, 4h, and 1h. the daily is bullish but seems to be ranging between the 23 fib and R1.. like it turned into support.. we cannot seem to close.. in either direction
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  • #267
  • Feb 7, 2013 10:01pm Feb 7, 2013 10:01pm
Quoting Jalby
hi all, i've uploaded my first chart ever and ask for your thoughts. to me it seems that the euraud could be beginning a bullish run. on the 4hr i posted it is in the cloud but there is a long tail on and above the fib level. on the 1hr it is sitting on the support line of the cloud. on the d well above the cloud and sitting on support line. on the wk it has broken through the cloud and this week pulled back.

now today we chinese cpi and ppi data coming out. if the data in good in china the aud could rally but if not the aud could fall across...

also, look at the chikou in my chart... making a little 'M' formation, like a bounce in both directions, but making a double top.. this pair is acting very weird but if you look at the fundamentals i'm sure you can figure out what everyone is so undecided about..
  • #268
  • Feb 7, 2013 10:10pm Feb 7, 2013 10:10pm
thanks allisonmagic. gives me more of an insight of looking at the WHOLE lot of the indicators. like the ichimoku is find the answers at a glance.

thanks heaps
  • #269
  • Feb 7, 2013 10:15pm Feb 7, 2013 10:15pm
Quoting Jalby
thanks allisonmagic. gives me more of an insight of looking at the WHOLE lot of the indicators. like the ichimoku is find the answers at a glance.

thanks heaps

no problem. yes you need to look at all of ichimoku's indicators..


p.s.
ichimoku kinko hyo = equilibrium " AT A GLANCE "
  • #270
  • Feb 7, 2013 10:16pm Feb 7, 2013 10:16pm
http://www.kumotrader.com/ichimoku_w...itle=Main_Page

here i'll post again, just in case you guys forgot.. you can get tons of awesome infos here


happy pipping !
  • #271
  • Feb 7, 2013 11:17pm Feb 7, 2013 11:17pm
So a total of 6 trades closed yesterday for me. When I am back today I will update charts if anyone is interested.

4 winners, 2 losers. I will also update other statistics.
  • #272
  • Feb 7, 2013 11:22pm Feb 7, 2013 11:22pm
Quoting Krypty
So a total of 6 trades closed yesterday for me. When I am back today I will update charts if anyone is interested.

4 winners, 2 losers. I will also update other statistics.

yah can't wait to see a report and some charts
  • #273
  • Feb 8, 2013 1:31am Feb 8, 2013 1:31am
Eurjpy 60 minute short kicked in. a bit more that 50 pips so far.
  • #274
  • Feb 8, 2013 1:35am Feb 8, 2013 1:35am
Why have you taken this trade? H1 chart is bearish, but H4 price is sitting on top of the Kumo, and the D1 all signals are bullish.
Quoting Blaiserboy
Eurjpy 60 minute short kicked in. a bit more that 50 pips so far.
  • #275
  • Feb 8, 2013 1:41am Feb 8, 2013 1:41am
Quoting captaincol
Why have you taken this trade? H1 chart is bearish, but H4 price is sitting on top of the Kumo, and the D1 all signals are bullish.
It broke through a support level 4 bars back on 240 minute. Sure it will probably meet support in the cloud, but I will have my pips, and it may be headed a lot lower than the 4 hr cloud. Recall what happened to EURUSD yesterday...... one hour showed good entry, 4 hour had the cloud, price jumped through 4 hr cloud.

In both cases I used sell stop at the bottom of the lowest bar on 60 minute chart.

If you have time to look at Manish Patel videos and he is sorta like a guru with Ichimoku.... he often trades a one minute chart without regard for higher time frames.
  • #276
  • Feb 8, 2013 1:56am Feb 8, 2013 1:56am
Cheers for the info. i'll take a look. Yen looks weak also dollar looks strong. Currently short AUDUSD, but think my trade will get invalidated soon when the CS hits the previous price.

A quick note on News. if you have an order that is near to be opening and major news is about to come out, I always pull the order. As the market moves to quick to react, it also tends to swing both way very quickly, so you may get in at a terrible price and then be very quickly offside. as this is a long game and not a gamble, I always try to avoid this situation.

Quoting Blaiserboy
It broke through a support level 4 bars back on 240 minute. Sure it will probably meet support in the cloud, but I will have my pips, and it may be headed a lot lower than the 4 hr cloud. Recall what happened to EURUSD yesterday...... one hour showed good entry, 4 hour had the cloud, price jumped through 4 hr cloud.

In both cases I used sell stop at the bottom of the lowest bar on 60 minute chart.

If you have time to look at Manish Patel videos and he is sorta like a guru with Ichimoku.... he often trades a one minute chart without regard for...
  • #277
  • Feb 8, 2013 2:15am Feb 8, 2013 2:15am
Quoting captaincol
Cheers for the info. i'll take a look. Yen looks weak also dollar looks strong. Currently short AUDUSD, but think my trade will get invalidated soon when the CS hits the previous price.

A quick note on News. if you have an order that is near to be opening and major news is about to come out, I always pull the order. As the market moves to quick to react, it also tends to swing both way very quickly, so you may get in at a terrible price and then be very quickly offside. as this is a long game and not a gamble, I always try to avoid this situation....
Re AUDUSD. my impression is that it is starting a downtrend and that the upward move is a retrace..... so I have a sell stop at the previous low. of course i could be wrong, trend could be starting to move higher, in that case my sell stop will expire and I will have to reassess.

The EURJPY seems to be retracing so I may get taken out at trailing stop, oops it is gone already. lol Now I will have to reassess EURJPY in a while.

Lol, before I got to post this EURJPY continued down and I am back in to it.

You might watch the reaction of price around the daily pivot. quite often if it crosses that line you will see a nice move.
  • #278
  • Feb 8, 2013 3:08am Feb 8, 2013 3:08am
Quoting Blaiserboy
It broke through a support level 4 bars back on 240 minute. Sure it will probably meet support in the cloud, but I will have my pips, and it may be headed a lot lower than the 4 hr cloud. Recall what happened to EURUSD yesterday...... one hour showed good entry, 4 hour had the cloud, price jumped through 4 hr cloud.

In both cases I used sell stop at the bottom of the lowest bar on 60 minute chart.

If you have time to look at Manish Patel videos and he is sorta like a guru with Ichimoku.... he often trades a one minute chart without regard for...

closed above the 50% fib.. was a false breakout.. still within the cloud at this point
  • #279
  • Feb 8, 2013 3:12am Feb 8, 2013 3:12am
Quoting Blaiserboy
Re AUDUSD. my impression is that it is starting a downtrend and that the upward move is a retrace..... so I have a sell stop at the previous low. of course i could be wrong, trend could be starting to move higher, in that case my sell stop will expire and I will have to reassess.

The EURJPY seems to be retracing so I may get taken out at trailing stop, oops it is gone already. lol Now I will have to reassess EURJPY in a while.

Lol, before I got to post this EURJPY continued down and I am back in to it.

You might watch the reaction of price...

nothing suggests it is completely bearish..if anything it's still bullish until i breaks the cloud
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  • #280
  • Feb 8, 2013 4:34am Feb 8, 2013 4:34am
Quoting allisonmagic
nothing suggests it is completely bearish..if anything it's still bullish until i breaks the cloud
60 minute gives a little different look. in any event, I got well over 100 pips off this pair tonight, using fractals.

I wish I had been watching geppy, lots of pips on that pair.
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