Ichimoku King System

Hi Guys and dear Ichimuku king

Here I start with some clouds in this thread since I am also interested about Ichimoku because of its simplicity. Do you see ant trading opportunity here and if yes, than why! The green line is nor crossing the price at present! I hope to make myself clear from your response guys:

Hi himes

Here is some basic in case if you do not read yet:



If the price is above the Senkou span (orange lines), the top line serves as the first support level while the bottom line serves as the second support level.

If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level. Got it?

Meanwhile, the Kijun Sen (blue line) acts as an indicator of future price movement. If the price is higher than the blue line, it could continue to climb higher. If the price is below the blue line, it could keep dropping.

The Tenkan Sen (Red line) is an indicator of the market trend. If the red line is moving up or down, it indicates that the market is trending. If it moves horizontally, it signals that the market is ranging.

Lastly, if the Chikou Span (Green line) or the green line crosses the price in the bottom-up direction, that's a buy signal. If the green line crosses the price from the top-down, that's a sell signal.

I am also in the process of understanding how to make trade using ichimoku. Hope to learn with you you all...

This one did not work.

GBP is long, JPY is short... - Pls confirm


TF

JPY Short survives by .007 pips... for now - (EDIT) - Ouch.

(second Edit) - erroneously played wit SL of 30 instead of 50 pips. Lets see if 50 could have worked.

TF

UsOil may be a valid trade?

Aud/Usd at TP1,Nz/Us was almost a trade?

Usd/Jpy at TP1
Gbp/Usd still ok at -24pips

The AUD/USD long got stopped out.

There was a long on GBP/USD AT 02:00 GMT. It is losing but still in play.

Aussie hit resistance and bounced down.
Never have liked scaling out trades,risking 150 for initial return of 30 .

Hi,

please review my Long position



thanks B4

Short USD/JPY AT 5:00 GMT.
It made 30 pips then went to BE.

Total for day -120 pips.

GBP/USD still in play.

Looks all fine as per Mr. ichimoku
Good luck

Here is my setup....(I was also watching this pair too as silitmambu was doing)

Hello,

Whoever is asking if it was possible to make 50% per month, let us just say that at that rate, 100$ turns into over 40 000$ in one year! I think you get the answer to your question...

Insider

I am watching the Aud/Usd 1 hr chart but don't see the long signal that IchimokuKing called out. Do you guys see it?

I don't see it.

aud long 17hrs ago for +30
jpy+30
oil+30
gbp -150

There isn't any way that AUD long made 30 pips if your chart is set up right. It took a full stop out. You must have taken 2 consecutive longs on it. The rules say no consecutive trades in the same direction.

Hello ichi You mentioned that there is no re-entry for this system, does it mean when you have a short trade on your next trade has to be a long one?



yes mate... you are right...The aim of this strategy is to always catch the first part of trend reversal...


AUD/USD - 150 pips
USD/JPY - +30
GBP/USD- -150

Ok this entry was 4hrs earlier,was not clear untill I zoomed in chart. Not a clear break for me.

There was an AUD breakout at 3:00 GMT that sunk like a rock and was stopped out. It was the only tradeable signal for that pair.

USD/JPY just broke out Long at 23:00 GMT.

GBP/USD is getting ready to give a short signal.