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Ichimoku Technical Sessions 2013

  • #461
  • Mar 12, 2013 12:59am Mar 12, 2013 12:59am
Quoting behman8850
Allison, Does this look ok? What does it show here on hr 4 chart. Should I go long or short here please?
Thanks.
Bomi

you need to set your pending entry above the cloud if you think it's bullish.. wait for a close above the cloud and set your pending 5 pips above it's breaking candle close
  • #462
  • Mar 12, 2013 1:00am Mar 12, 2013 1:00am
Quoting behman8850
where to put LFH trading and 2011 ichimoku? i did it in indicators But its not attaching chart?

that's an EA a very good one too. works on 30min charts


2011 ichimoku EA.. use it with steve hopwood's MPTM
  • #463
  • Mar 12, 2013 1:12am Mar 12, 2013 1:12am
Quoting allisonmagic
that's an EA a very good one too. works on 30min charts


2011 ichimoku EA.. use it with steve hopwood's MPTM
in the list of all , it does not show Gbp/JPY?? usd/jpy, chf/jpy all! On EA.
  • #464
  • Mar 12, 2013 1:13am Mar 12, 2013 1:13am
Quoting behman8850
in the list of all , it does not show Gbp/JPY?? usd/jpy, chf/jpy all! On EA.

you can modify it within the code. open the EA and scroll down, you will see the list of currency pairs
  • #465
  • Mar 12, 2013 2:26am Mar 12, 2013 2:26am
Quoting behman8850
Hello. I have Ichimoku kinko hyo with 27, 78, 156 setting in my metatrader of fxdd broker. Should i use that?
I would definitely try and change that to the standard settings of Ichi.

When you start and change settings you start to curve fit the outcome, this will only lead to much tears.

There is one exception and that is when you are already well into making green pips with your system and you have enough knowledge what you
want further tweak to do fit with YOUR system.
  • #466
  • Mar 12, 2013 9:01am Mar 12, 2013 9:01am
Good morning Ichis. Last night is one of those times that I wish I would have been up for the London session. I could be done trading for the day. But as I am EST, 3-4 am doesn't sound appealing. Never the less, Ichimoku provided us a variety of deals today. Here are two that I am still in. I have included the inversely corelated pair and thus you see that I am in opposite deals in them. If you see a deal on one, you can usually find a deal on the other in the opposite direction. Just like if you see the USD/JPY you should check all the other yen pairs... same with the Aussie pairs etc. Many people avoid Correlated pairs whereas I take advantage of them. MM is very important. Currently I am in ..... 10 deals. Usually I don't get into any others and Yes, I get into stinkers too. I will start posting some of those later. Anyways, you'll see that the Euro deal pulled a 123 reversal pattern at the lower round number and marched above the flat top Kumo just to the left of entry. Both Dragon lines are above Kumo. Round number and Weekly pivot is far enough away to allow my entry with a good RR. As for the Frank, it it is the same although a bit less clear. I am already BE and half out. Good luck everyone!

PUBLIC ENEMY:

Thanks for the replies... You are saying you made an EA and don't use it? But you still check all 4hr candles... Would you be willing to share your EA? Would love to see it and give it a run. I obviously understand if you say no. Thanks.

Sincerely,

LL
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"IN CASH WE TRUST"
  • #467
  • Mar 12, 2013 9:06am Mar 12, 2013 9:06am
Quoting allisonmagic
little bit pre mature on this one
Why oh Why mate?
  • #468
  • Mar 12, 2013 9:12am Mar 12, 2013 9:12am
Good morning everyone...

Currently in two trades
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  • #469
  • Mar 12, 2013 9:36am Mar 12, 2013 9:36am
Almo:

Heh-heh, I am still in those trades to.... Interesting entry on the Euro.. Beneath the cloud, yet price action says reversal... break of previous high.. is that it?

Sincerely,

LL
"IN CASH WE TRUST"
  • #470
  • Mar 12, 2013 9:45am Mar 12, 2013 9:45am
Quoting LazyLobster
Almo:

Heh-heh, I am still in those trades to.... Interesting entry on the Euro.. Beneath the cloud, yet price action says reversal... break of previous high.. is that it?

Sincerely,

LL
Hi LL,

Yes, its something that I have been experimenting with....results are about 50/50 right now.


I think this has promise , but it likely may need to move up to a higher TF to really get the benefit of it.
  • #471
  • Mar 12, 2013 9:59am Mar 12, 2013 9:59am
Almo:

Now that I look closer, what you did lines up with a 5M kumo breakout with a Kijunsen bounce... Clear on the five (in retrospect of course) and because the Kijunsen of the 15M matches up with the Kumo of the 5M....
"IN CASH WE TRUST"
  • #472
  • Mar 12, 2013 10:09am Mar 12, 2013 10:09am
Quoting LazyLobster
Almo:

Now that I look closer, what you did lines up with a 5M kumo breakout with a Kijunsen bounce... Clear on the five (in retrospect of course) and because the Kijunsen of the 15M matches up with the Kumo of the 5M....
Yes - in fact, you may find it beneficial to have 1m - 1H charts all lined up next to each other, so you can see when things are starting to break in a direction. I used to use 9 charts (which included D - W- M), but now a days, I stick to the 15m while trading. If I am sidelined, i will check the larger charts before engaging in a position
  • #473
  • Mar 12, 2013 4:03pm Mar 12, 2013 4:03pm
Hi Guys, thanks for all your great charts and info that you are posting,

I have entered a number of trades on the 1 hour chart, 3 are doing well but 3 have closed down in the last 6 hours (overnight)

I think my stops are too tight, (only 25 and 40 for Eur/Jpy)

which leads me on to a dilemma about stop/losses

What sort of stop/loss methods do you guys use...???

Regards, Steve
  • #474
  • Mar 12, 2013 4:10pm Mar 12, 2013 4:10pm
Quoting steve d
Hi Guys, thanks for all your great charts and info that you are posting,

I have entered a number of trades on the 1 hour chart, 3 are doing well but 3 have closed down in the last 6 hours (overnight)

I think my stops are too tight, (only 25 and 40 for Eur/Jpy)

which leads me on to a dilemma about stop/losses

What sort of stop/loss methods do you guys use...???

Regards, Steve
Atleast 200 to 300 sl on gbp/jpy and eur/jpy. just in case something Big happens. Otherwise all your trades will go in sl.
  • #475
  • Mar 12, 2013 5:18pm Mar 12, 2013 5:18pm
Quoting steve d
Hi Guys, thanks for all your great charts and info that you are posting,

I have entered a number of trades on the 1 hour chart, 3 are doing well but 3 have closed down in the last 6 hours (overnight)

I think my stops are too tight, (only 25 and 40 for Eur/Jpy)

which leads me on to a dilemma about stop/losses

What sort of stop/loss methods do you guys use...???

Regards, Steve
Steve:

That be a sticky question my friend. You can ask many folks and they'll all give you a different answer...Some would even say that they don't know because they never use one. Personally I view my SL as an emergency to get me out. What I mean to say is that I will exit a deal most often before it hits my stop loss as I can see the problems before it gets there and hence I can preserve account capital. As for how many pips? It depends on how I planned my trade. Almost always I am putting initial stop loss below the last low or above the last high.. I measure this amount and see if my initial target is at least this much plus spread. If it is, I take the trade. If not I go to the next currency pair. I could see 150-300 pips on the yen pairs easy if yer on the hourly chart. But I do not use a standard amount as a stop loss (doens't make sense to me). As for the reason for me putting my SL there is that I don't want to put my SL in the middle of the road. And price can retrace almost back to the last high or low and still come back my direction... If it goes past that point, then obviously, I am in the wrong direction and want out. Something else for you... Pick and Plan your trades before they happen. Ichimoku allows you to do that. Use pivots, Fibs, round numbers, quarters, or something else that makes sense for you to look at potential profit. Measure your R&R, then decide if it makes sense to trade or not based on possible loss vs. possible profit. But when I trade. I try to remember that I should view trading thusly: " I would rather be on the side lines wanting to get into a trade, rather than dying to get out of one." Good luck.

Sincerely,

LL
"IN CASH WE TRUST"
  • #476
  • Mar 12, 2013 5:19pm Mar 12, 2013 5:19pm
you should be using something active like the kumo, or some people use the Kinjun Sen, some use Kinjun Sen on TF above. try a few and see which works best for your style of trading. H1 can still be pretty volatile, so i'd say the other side of the kumo.
Quoting steve d
Hi Guys, thanks for all your great charts and info that you are posting,

I have entered a number of trades on the 1 hour chart, 3 are doing well but 3 have closed down in the last 6 hours (overnight)

I think my stops are too tight, (only 25 and 40 for Eur/Jpy)

which leads me on to a dilemma about stop/losses

What sort of stop/loss methods do you guys use...???

Regards, Steve
  • #477
  • Mar 12, 2013 5:30pm Mar 12, 2013 5:30pm
Well, seems like most of you are finally starting to figure out how to play this game. Glad i started this thread
  • #478
  • Mar 12, 2013 5:33pm Mar 12, 2013 5:33pm
Quoting allisonmagic
Well, seems like most of you are finally starting to figure out how to play this game. Glad i started this thread
I'm glad as well Allison
  • #479
  • Mar 12, 2013 6:46pm Mar 12, 2013 6:46pm
Yeah...me too..!!!

I got away with the tight stops last week, + 600 pips, great...!!!

I used the KIJUN as my exit point, as I reckon that all hope is lost when the Kijun is crossed...!!!

I think I should observe the advice from the above threads, thanks for posting,

Today I shall use the Kijun Sen as my stop/loss guide,

which brings me on to another point,....sometimes the Kijun is miles away from the price, does this mean a negative signal????

Or should we trade away as long as the Kijun is pointing in our direction..?? Here is my latest effort, I welcome your comments,

I have an ENTRY ORDER SELL AT 1.2596

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  • #480
  • Mar 12, 2013 9:06pm Mar 12, 2013 9:06pm
Hi, I thought I would post a couple of charts, first is a 1 hour with price in cloud

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