Ichimoku Technical Sessions 2013 | Page 26 | Forex Factory

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Ichimoku Technical Sessions 2013

  • #501
  • Mar 13, 2013 11:28pm Mar 13, 2013 11:28pm
Hi, I am live..!!!! although to very small sums...

The chart I post are from a demo account, my cash account is still in an old platform......babysteps at the moment..ha ha

I have re read the Gabor Kovak e book that I obtained from this thread....He mentioned putting round numbers on the chart, mainly to set stop/losses

I have done this and found some really interesting resistance levels.....look on the chart.

I was trying to go long on AUD/JPY Entry Order 99.29...!!!

You knowledgable guys may say that is too near to a round number, I wouldn't really know what you meant...!!!

Now I can see what you mean when you have mentioned these "round numbers"
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Any one with any more info on round numbers in regard to Ichimoku
  • #502
  • Mar 13, 2013 11:37pm Mar 13, 2013 11:37pm
Quoting steve d
Hi, I am live..!!!! although to very small sums...
everything you've shown me is demo
  • #503
  • Mar 14, 2013 2:06am Mar 14, 2013 2:06am
Hi ALLM...my new platform is easy to post charts from, that is the one you see, the old one is still active, I am using the old one for trading very small sums, at the moment, as my skill improves I hope to increase my dollar stakes,

I found that using a demo account meant that I was trading all sorts of crazy things...!!

Real money makes me focus much more, even if it is small amounts,

Thanks once more for all the info available on this thread,
  • #504
  • Mar 14, 2013 2:15am Mar 14, 2013 2:15am
Quoting steve d
Hi ALLM...my new platform is easy to post charts from, that is the one you see, the old one is still active, I am using the old one for trading very small sums, at the moment, as my skill improves I hope to increase my dollar stakes,

I found that using a demo account meant that I was trading all sorts of crazy things...!!

Real money makes me focus much more, even if it is small amounts,

Thanks once more for all the info available on this thread,

what platform do you use for live trades ?
  • #505
  • Edited 4:18am Mar 14, 2013 3:09am | Edited 4:18am
Quoting captaincol
Hi guys, i've started making a diary of all of the pairs i monitor as i use different programs between home, work and on my phone. I noticed earlier that was categorising each pair as one of the following: Currently trending (too late to enter); Trending in line with higher TF but retracing slightly (looking for new entry); price opposite side of the kumo to higher TF (look for price action to cross kumo). I have found this helps me focus which pairs to focus on. Thought are much appreciated.
CaptainCol:

This is a great tactic for MTF confirmation. In short, you are creating watchlists and is the definietly the way to go. Especially if you do so on a wide variety of currencies. I just thought of an indicator that might help you. It is very basic, but allows you to see ichimoku on another TF. Say you want to see the Daily cloud on your current 4Hr chart. Hope you like it. I think I got it off the Ed Seykota thread....


LL
Attached File(s)
File Type: ex4 MTF_Ichimoku_v1.ex4   5 KB | 293 downloads
File Type: mq4 MTF_Ichimoku_v1.mq4   4 KB | 326 downloads
"IN CASH WE TRUST"
  • #506
  • Mar 14, 2013 3:15am Mar 14, 2013 3:15am
Steve D:

When you have time, go to a Eur/Usd 5M chart and put lines every 25 pips starting with a round number. This is what is termed as "quarters"... A refinement on the round number theory.


LL
"IN CASH WE TRUST"
  • #507
  • Mar 14, 2013 4:54am Mar 14, 2013 4:54am
Thanks LL for the tip, I shall do that ASAP..

ALLMGC..... I use the "old" FXCM.....it all looks old and not user friendly,,not friendly to this user anyway..
  • #508
  • Mar 14, 2013 6:01am Mar 14, 2013 6:01am
Quoting steve d
Thanks LL for the tip, I shall do that ASAP..

ALLMGC..... I use the "old" FXCM.....it all looks old and not user friendly,,not friendly to this user anyway..

beta ?
  • #509
  • Mar 14, 2013 6:02am Mar 14, 2013 6:02am
Quoting LazyLobster
Steve D:

When you have time, go to a Eur/Usd 5M chart and put lines every 25 pips starting with a round number. This is what is termed as "quarters"... A refinement on the round number theory.


LL
can you elaborate a bit more on that note ?
  • #510
  • Mar 14, 2013 8:48am Mar 14, 2013 8:48am
HI Everyone,

Sorry I have not posted anything of significance lately...I'm back to coding , to back test some theories but I have run into a jam on that...

That being said, this is my current trade, this one based on the 30 Kumo roll.
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  • #511
  • Mar 14, 2013 8:55am Mar 14, 2013 8:55am
Quarters is another S&P concept that is just taking the round numbers to the next level. IMHO just about every method of trading has something to do with support and resistance. Wether we are talking about Ichi, Ma's, Fibs, channels, trendlines, ETC. all boil down to S&P. In this case they are just areas where price sticks to, bounces off of, or has trouble getting through. Obviously, the round numbers ending in 100 are the most important, 50 is the next significant, but 75 and 25 are about the same. After putting the lines on the chart you can cycle up on the TF's and see even more significance to these numbers. Check it out.

LL
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"IN CASH WE TRUST"
  • #512
  • Mar 14, 2013 10:21am Mar 14, 2013 10:21am
Quick update and new position
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  • #513
  • Mar 14, 2013 4:56pm Mar 14, 2013 4:56pm
Excellent. Thanks LL. will load three when I get a chance.
Quoting LazyLobster
CaptainCol:

This is a great tactic for MTF confirmation. In short, you are creating watchlists and is the definietly the way to go. Especially if you do so on a wide variety of currencies. I just thought of an indicator that might help you. It is very basic, but allows you to see ichimoku on another TF. Say you want to see the Daily cloud on your current 4Hr chart. Hope you like it. I think I got it off the Ed Seykota thread....


LL
  • #514
  • Mar 14, 2013 6:48pm Mar 14, 2013 6:48pm
Captaincol:

You should also check out ED Seykota's thread as well. (please forgive me Allisonmagic) But it has nothing to do with traditional Ichimoku, He trades between the cloudes and doesn't really fiddle with the dragon lines at all. Ed Sykota put out a book and has a wonderful song on youtube called the whipsaw song. Apparently he is a well known trader, but doesn't seem to get any action here on FF. Great stuff and worth looking into. When you mentioned your diary and your thoughts on judging the current market, it Made sense to me and put the idea together with that indicator I gave you. I am going to use the 4H chart and the Daily Kumo for the longer term trading. My experience is mainly using the 30M with confirmation on the daily or the 4H. Talked to Public Enemy about it and it sounds like he prefers the 4H. So he might be a better Experienced Based trader in those higher timeframes with Ichi.

Sincerely,

LL
"IN CASH WE TRUST"
  • #515
  • Mar 15, 2013 7:50am Mar 15, 2013 7:50am
I'm starting to really like the 1 H

Some habits are hard to break though - my SL's have been moved to the Tenkan line, and I fully expect to get stopped out at some point today. The only reason for this is we are heading to a weekend and I have a nice gain on these two trades.
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  • #516
  • Mar 15, 2013 9:22am Mar 15, 2013 9:22am
EU trade has been stopped out...GU continues. Added U/J
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  • #517
  • Mar 15, 2013 2:06pm Mar 15, 2013 2:06pm
U/J, A/U , A/N, and G/J....I likely should have waited until the chart looked better for G/J - I have a feeling this one will be a loser.
Attached Images
  • #518
  • Mar 15, 2013 3:36pm Mar 15, 2013 3:36pm
Nice charts guys, plenty to study, food for thought , great stuff, well done, thanks...
  • #519
  • Mar 15, 2013 7:17pm Mar 15, 2013 7:17pm
kumo breaks, tenkan breaks, kijun bounce, kumo bounce etc.... all good entry points
  • #520
  • Mar 15, 2013 7:47pm Mar 15, 2013 7:47pm
Quoting allisonmagic
kumo breaks, tenkan breaks, kijun bounce, kumo bounce etc.... all good entry points
Thank you Allison, although I am still skeptical on the Kumo bounce entry for G/J . Feels like this one might may end up coming back to bite me.
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