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Ichimoku forever

  • #16,881
  • Mar 1, 2013 1:21pm Mar 1, 2013 1:21pm
Quoting steve d
One hour later........

Attachment


What went wrong...???
Nothing went wrong, you were just early.
  • #16,882
  • Mar 1, 2013 1:45pm Mar 1, 2013 1:45pm
Hi and thanks for your posts, it is good to get feedback

ALMO, when you say I was early, do you mean early in the trade, ie , wait for more indicators ,

or early in the morning, like 6:55,??? Should I wait until the London opens ???

Cheers, Steve

P.S. thanks Krypty for your post, I shall look at bigger t/f
  • #16,883
  • Mar 1, 2013 2:08pm Mar 1, 2013 2:08pm
Quoting steve d
Hi and thanks for your posts, it is good to get feedback

ALMO, when you say I was early, do you mean early in the trade, ie , wait for more indicators ,

or early in the morning, like 6:55,??? Should I wait until the London opens ???

Cheers, Steve

P.S. thanks Krypty for your post, I shall look at bigger t/f
No, I meant, you jumped in , and the market whipsawed for a bit, before finally going in the intended direction.

You got the idea of what a good trade looks like - you just have to accept that it may take a few attempts before a valid trend starts.
  • #16,884
  • Edited 2:48pm Mar 1, 2013 2:21pm | Edited 2:48pm
Cheers Almo, thanks for your helpful answer,

I realise now that I jumped in too early, thanks for pointing that out, will need to learn to wait

with regard to time of day, I am in Australia and I seem to miss out on London/New york session times, would you say that this a hindrance,??

should I trade any time of the day and night,????

thanks for your opinions, theyy are truly welcomed

Steve
  • #16,885
  • Mar 1, 2013 2:34pm Mar 1, 2013 2:34pm
Quoting steve d
Cheers Almo, thanks for your helpful answer,

I realise now that I jumped in too early, thanks for pointing that out, will need to learn to wait

with regard to time of day, I am in Australia and I seem to miss out on London/New york session times, would you say that this a hindrance,??

should I trade any time of the day and night,????

thanks for your opinions, theyy are truly welcomed

Steve
Well...I live in the States and I always miss the London open. There are times when I wake up and I get all pissy cuz I missed a move during the London session...then there are days when I wake up and think "wow...nothing happened overnight"

I'd be more concerned about trying to live a normal life while your attempting this - your going to find yourself wanting to stay glued to the screen. It takes discipline to know when to stop , when to unplug, etc.
  • #16,886
  • Mar 1, 2013 3:06pm Mar 1, 2013 3:06pm
Hi Almo and thanks for your good advice ,

I can catch the 7 am London for a couple of hours in my evening, then I can catch US last couple of hours, so long as I get up early, hope I can make some pips that way,

Maybe I can major on the Japanese session????

I shall take a look on Monday,,

have a nice weekend, Cheers, Steve
  • #16,887
  • Mar 1, 2013 3:09pm Mar 1, 2013 3:09pm
Quoting steve d
Hi Almo and thanks for your good advice ,

I can catch the 7 am London for a couple of hours in my evening, then I can catch US last couple of hours, so long as I get up early, hope I can make some pips that way,

Maybe I can major on the Japanese session????

I shall take a look on Monday,,

have a nice weekend, Cheers, Steve
Cheers Steve - enjoy the weekend.
  • #16,888
  • Mar 3, 2013 1:41am Mar 3, 2013 1:41am
Quoting Krypty
5 min charts are way too bumpy if you ask me. Use 4H or higher, it is all you need.
hello,

i noticed one thing : whatever the timeframe used I have to wait that the tenkan-sen go out of the cloud if it isn't, it's a false signal. be careful on this.

sorry for my english, it isn't my native language.

eric
  • #16,889
  • Mar 3, 2013 5:44am Mar 3, 2013 5:44am
Which currencies pairs have you had the most success with ichimoku?

I've backtested several pairs with a mechanical system and found EURUSD to be most profitable on the 1 hour chart. AUDJPY can also be profitable, depending on the settings I use. GBPUSD does not seem to work well, and crosses such as AUDNZD lose. Even USDJPY is not profitable.

The system is prone to whipsaws like other MA crosses. Adding certain filters helps, but still some or most of the pairs I listed are still unprofitable with my filters, multiple timeframe analysis etc.

Any advice from a mechanical point of view? I'm asking because a robust system needs to work with any currency pair in any market condition, in case of over optimisation.
  • #16,890
  • Mar 3, 2013 3:00pm Mar 3, 2013 3:00pm
maybe you should adjust your TP and SL. money management can make and break a system. scaling in and out. also you can adjust your position size based on how strong the signals are too.

Quoting pphuong
Which currencies pairs have you had the most success with ichimoku?

I've backtested several pairs with a mechanical system and found EURUSD to be most profitable on the 1 hour chart. AUDJPY can also be profitable, depending on the settings I use. GBPUSD does not seem to work well, and crosses such as AUDNZD lose. Even USDJPY is not profitable.

The system is prone to whipsaws like other MA crosses. Adding certain filters helps, but still some or most of the pairs I listed are still unprofitable with my filters, multiple timeframe analysis etc.

Any...
  • #16,891
  • Mar 4, 2013 3:13am Mar 4, 2013 3:13am
Hi all,

Just read and test scalping using Ichimoku
so far +45 pbs EuroUsd M1

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ichmo sclaping m1.gif Size: 26 KB
  • #16,892
  • Mar 4, 2013 4:07am Mar 4, 2013 4:07am
Quoting mrhb30jr
Hi all,

Just read and test scalping using Ichimoku
so far +45 pbs EuroUsd M1

Cheers
Nice Scalps, looks like you do them on the Kumo breaks.

Do you use a filter to not enter certain trades?
  • #16,893
  • Mar 4, 2013 4:14am Mar 4, 2013 4:14am
Quoting Krypty
Nice Scalps, looks like you do them on the Kumo breaks.

Do you use a filter to not enter certain trades?
Hi Krypty

Just follow the rule of ichimoku enough for sclaping M1 take care of News and put SL

Here another sample of GBPJPY M1 ...

For more explanation just download this link http://www.forexfactory.com/showthread.php?t=404640

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ichmo sclaping m1c.gif Size: 31 KB
  • #16,894
  • Mar 4, 2013 1:34pm Mar 4, 2013 1:34pm
Just happen to come across this thread its hard to find just Ichi traders. I thought i would throw in my 2 cents.

I trade inch with a 5,3,5 setting but use Renko Bars instead of the standard candle. I have traded candles but switched over to renko only as a personal preference. I trade on a cloud cross and target 20-30 pips per move with a hard stop loss of 15. I only trade the London and USA opens.

I am attaching the trades i took this morning for the US session. Both losses but i know from trading that Mondays tend to be slow moving and losses are part of the game. I look forward to the continued discussion on here.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY CHARt.JPG Size: 59 KB
  • #16,895
  • Mar 4, 2013 10:13pm Mar 4, 2013 10:13pm
Quoting jacioux
Just happen to come across this thread its hard to find just Ichi traders. I thought i would throw in my 2 cents.

I trade inch with a 5,3,5 setting but use Renko Bars instead of the standard candle. I have traded candles but switched over to renko only as a personal preference. I trade on a cloud cross and target 20-30 pips per move with a hard stop loss of 15. I only trade the London and USA opens.

I am attaching the trades i took this morning for the US session. Both losses but i know from trading that Mondays tend to be slow moving...
Here this morning trade EuroJPY M5,

SELL PO if the Price cross Below the Tenken sen (Red) Kijun Sen (Blue), Senkou span A and B (Cloud), Tenken sen (Red) Crossed Kijun Sen (Blue)
Buy PO if the Price cross Above the Tenken sen (Red) Kijun Sen (Blue), Senkou span A and B (Cloud), Tenken sen (Red) Crossed Kijun Sen (Blue)

Close the trade IF Price crossed Tenken sen (Red) or Tenken sen (Red) Cross Kijun Sen (Blue)

Keep move your SL at Span B line .....



Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ichmo sclaping m1e.gif Size: 23 KB
  • #16,896
  • Mar 4, 2013 11:48pm Mar 4, 2013 11:48pm
Quoting mrhb30jr
Hi all,

Just read and test scalping using Ichimoku
so far +45 pbs EuroUsd M1

Cheers

hello mrhb30jr,

great job,

i'm looking after your indicator(bottom of your picture).

can you please provide the source code?

thanks.

eric
  • #16,897
  • Mar 5, 2013 1:36am Mar 5, 2013 1:36am
Quoting mrhb30jr
Here this morning trade EuroJPY M5,

SELL PO if the Price cross Below the Tenken sen (Red) Kijun Sen (Blue), Senkou span A and B (Cloud), Tenken sen (Red) Crossed Kijun Sen (Blue)
Buy PO if the Price cross Above the Tenken sen (Red) Kijun Sen (Blue), Senkou span A and B (Cloud), Tenken sen (Red) Crossed Kijun Sen (Blue)

Close the trade IF Price crossed Tenken sen (Red) or Tenken sen (Red) Cross Kijun Sen (Blue)

Keep move your SL at Span B line .....



Cheers

Updated EJ Closed +40 Pbs

Brgds,
maxy
Attached Image (click to enlarge)
Click to Enlarge Name: ichmo sclaping m1g.gif Size: 21 KB
  • #16,898
  • Mar 5, 2013 4:14am Mar 5, 2013 4:14am
Hi All,

CADJPY M15 Short set up ....

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ichmo sclaping m1h.gif Size: 30 KB
  • #16,899
  • Mar 8, 2013 6:35am Mar 8, 2013 6:35am
gbp/usd tf 3m

http://img15.hostingpics.net/pics/620543gu3m.png

eur/usd 5m

http://img15.hostingpics.net/pics/928533eu5.png
  • #16,900
  • Mar 8, 2013 6:49am Mar 8, 2013 6:49am
eur/aud tf 3min

http://img15.hostingpics.net/pics/407165ea3m.png
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