Ichimoku Technical Sessions 2013

if you can take a shitload of pain down to the 38 fib.. you should be able to see higher highs.. but your entry came a bit too early. and we had that economic data that came out and shot the gbp down to hell.

we could possibly see a pullback from the 38 fib, if it breaks that level you can look for something around the 50, then past that and we have a trend change.

I'm actually short from 143.82 - so your prognosis is actually welcome news. Thanks!

awesome, i thought you were long then look for a target around the 38 fib.. or watch for a bounce off of the cloud. nice job

Accuracy + Perfection
quite a cool system.
Taking the cloud bounce and targeting the
38 fib line.
The coming week:

EUR/USD Taking my buy on the H4
cloud bounce and TP: 1.3214



my money is on this one.

Demo's are fun

DANNYMANIA...thanks for your chart post.. I wonder if any one can comment on my study of the EUR/US..??

I have been looking at the higher timeframes to get a feel of the current trend, I have seen the DAILY is Bearish,



I am trying to get a Sell (below the Kumo) and am looking on the 4 hour chart, I would be most grateful for a summary/comment on this approach,

Thanks Ichi guys...!!

Steve D

Alright, Here it goes... I have used an indicator to show you the daily Kumo on a normal 4Hr chart. There was another person kinda interested in it too. I am going to show a possible approach with small variations to the normal Ichi that I am researching. I am not going to address the Chinkou span on this approach at this time either.... So On the left you see a Daily Kumo break out. So you are only looking for shorts on the 4H from now on. But Many conservative traders will choose to wait for price to come back and bounce off the Kumo before looking for an entry. I am using a HA candle color with price bar inside to watch price movement and momentum instead of normal japanese candlesticks. First Entry moves down from the Kumo bounce, retreats to the Tenkansen and startes another march down. This 123 continuation movement allows for an early entry and gives a smaller stoploss just above the high of the entry candle. Not exactly a stellar show for pips, but easy exit anyway you look at it. If price doesn't go anywhere, move stop loss up or get out and wait for another entry...Second entry could be on the previous wave rather than the one I marked "another entry," but the RR did not work. Risk 56 pips to get possibly 40 pips if measured stoploss from the last highest hump and the last lowest low. But The actual entry marked shows a lower high, and a break lower with a better RR of 40 risk and 55 reward so take trade. The next entry was a loss of 53, but might have been news so might have not entered or been more conservative on approch of this trade... The last entry has an RR of exactly 1:1 so if taken, great, if not, wait for next one. All exits are up to you, but I dont really follow typical tenkansen exit. Exits could be change of HA color, fibs, pivots, round numbers, etc. Personally, at this point I scale out of positions. Good Luck.

Sincerely,

LL

Hey guys, hope everyone has a green week !


hey steve, here's my view of what's goin on..


the eur/usd likes whole numbers just like eur/jpy.. keep an eye out for these area's.. yes we are still short, but we are at some key support levels here.. look for a close below these area's, you can possibly play the bounce off the cloud, but take it 5 or 10 pips below the tenkan / kijun lines .. too early for entry right now

Hi Everyone

Well...its the start of a new week

Ironically, I am short in everything right now - A/U (-28 pips), E/U (-5), A/N (+24), G/J (+30),U/J (+57)

Waiting on GU to make up its mind before I put on a position.

Best on your trades everyone

Good luck Almo

Thanks Allison.

Wow..thanks for all the info and comments Guys...!!!

Plenty to look at and study, this will keep me busy for a while :nerd:

Do you all start trading at the London open..??? or have you started already..?? ( Sun Eve UK, US. time )

i saw a possible trade so i took it. already started

SL hit, at 94.725

took profit for $31

Nice profit ALLMAG..What were the signals for you to enter that trade..??

took a bounce off support at the bottom of the cloud

yeah i had a break even for a minute.. then after +50 pips i decided to lock in at least 30. moved my stop up. was hit and now i'm just looking for the next trade.. maybe later. sunday and monday are always good days for me.

Well done Allison!

thank you

Happy Pipping !