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Ichimoku King System

  • #121
  • Jun 27, 2013 9:45am Jun 27, 2013 9:45am
Quoting nino110265
i dont understand and have some question 1.why take profit 1. TP1 =30 pips, TP2 = 50 pips, Tp3 = 100 pips? 2. "B wave or Tenkan Sen should cross C wave or Kijun sen " what is it? can you post photo of this situation?
Very good question Nino, like!
There is also not a clear follow through in this thread! Thread starter is unable/absent to reply at many occasions! Many of here are talking without any charts!
  • #122
  • Jun 27, 2013 10:24am Jun 27, 2013 10:24am
Quoting TradeForexFx
{quote} short closed at 43 pips loss opened a buy at 97.85 which is now in play and has has taken its TP 1. edit - TP2 done

TP2 achieved, than takes the third lot out at BE and now proceeding to TP3.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY out before TP3.jpg Size: 307 KB
  • #123
  • Jun 27, 2013 6:00pm Jun 27, 2013 6:00pm
Finally ............. after two consecutive losses on USDJPY , there came a winner

Tp 1, TP2,...... and TP3 finally hit at the time of update +30,+50,+100. Please this entry was bit early........ Regular entry should be around 51 pips at the time of post
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 62 KB
The End Justifies The Means
  • #124
  • Edited 6:25pm Jun 27, 2013 6:11pm | Edited 6:25pm
Guys new setup forming up on AUDUSD.......... waiting for candle close........ You dont want to miss the ride. Hang on...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 61 KB
The End Justifies The Means
  • #125
  • Jun 28, 2013 8:23am Jun 28, 2013 8:23am
Todays trades:

EU,AU - both had TP1 hit
  • #126
  • Jun 28, 2013 8:26am Jun 28, 2013 8:26am
Quoting nino110265
i dont understand and have some question 1.why take profit 1. TP1 =30 pips, TP2 = 50 pips, Tp3 = 100 pips? 2. "B wave or Tenkan Sen should cross C wave or Kijun sen " what is it? can you post photo of this situation?
Three take profits compensate for the stops we have fixed, that is 50 pips. On the long run TP3 will build your account handsomely..
  • #127
  • Jun 28, 2013 8:28am Jun 28, 2013 8:28am
Quoting ichimokuking
{quote} Three take profits compensate for the stops we have fixed, that is 50 pips. On the long run TP3 will build your account handsomely..
why is that 50 pips ?

price change all time ,not fixed
  • #128
  • Jun 28, 2013 8:55am Jun 28, 2013 8:55am
i have tested with just 30 pips TP, 30+50, 30+100,50+100,30+50+100 been trading for two years, found 30,50, 100 combination to be effective. 50 pip stop loss is just to reduce the sudden market reversal... usually if the trade direction is right price can retrace anywhere between 20 - 40 pips most of the time. So to give that extra buffer 50 was chosen
  • #129
  • Jun 28, 2013 9:22am Jun 28, 2013 9:22am
Quoting DrNoStopLoss
Hi Ichimokuking, Question. When you say "B Wave should cross C wave or Kijun sen (downside cross for short)" Does this cross need to happen while price is breakiing thru D,E, and F? Does the cross need to happen before, or after? Just wondering because the cross may happen 3 hours before price goes below D, E, and F, does this mean it is still valid? Also doe the position of the cross matter? For instance, if the cross is below the cloud, then a short is valid? Thank you.

Hi Ichimoku King,

Have you read Post Number 109? Does anyone know the answer? Maybe Ichimoku King can explain it best?
  • #130
  • Jun 28, 2013 9:27am Jun 28, 2013 9:27am
Quoting DrNoStopLoss
{quote} Hi Ichimoku King, Have you read Post Number 109? Does anyone know the answer? Maybe Ichimoku King can explain it best?
First criteria is chinkou to be below price, next step 2 (BC wave cross) or Step 3 (DEF break) Can happen. As long as 3 criteria are met then we enter on next candle. usually Step 1 happens first, step 2 or step 3 can happen next. We just want all three criteria to be met, am also testing a V2.0 of this system which removes the false breaks that happens 20% of the time.. reduce it to atleast 10% then we can have more winners. cheers!
  • #131
  • Jun 28, 2013 9:28am Jun 28, 2013 9:28am
i think they are all meant to be completed in order. although i would have thought that 1 and 2 wouldnt matter too much if they were slightly out of sync.

Quoting DrNoStopLoss
{quote} Hi Ichimoku King, Have you read Post Number 109? Does anyone know the answer? Maybe Ichimoku King can explain it best?
  • #132
  • Jun 28, 2013 9:33am Jun 28, 2013 9:33am
Quoting captaincol
i think they are all meant to be completed in order. although i would have thought that 1 and 2 wouldnt matter too much if they were slightly out of sync. {quote}
No mate best trading opportunity arises when all three sync.
  • #133
  • Jun 28, 2013 10:59am Jun 28, 2013 10:59am
Quoting hanncy
Guys new setup forming up on AUDUSD.......... waiting for candle close........ You dont want to miss the ride. Hang on... {image}

These trade was called earlier this morning> Hope you guys caugth the move. All the three TPS reached. +30+50+100

All three TPS reached on EURJPY +30+50+100
All three TPS reached on USDJPY +30+50+100

Stoploss triggered twice on USD JPY -100
Stoploss triggered twice on EURUSD -50

WEEK TOTAL +360
- 150

Pairs traded EURUSD,EURJPR,AUDUSD,USDJPY
The End Justifies The Means
  • #134
  • Jun 28, 2013 11:54am Jun 28, 2013 11:54am
Quoting hanncy
{quote} These trade was called earlier this morning> Hope you guys caugth the move. All the three TPS reached. +30+50+100 All three TPS reached on EURJPY +30+50+100 All three TPS reached on USDJPY +30+50+100 Stoploss triggered twice on USD JPY -100 Stoploss triggered twice on EURUSD -50 WEEK TOTAL +360 - 150 Pairs traded EURUSD,EURJPR,AUDUSD,USDJPY
Good!! you have got the hang of the system.. I have not tested EJ yet.. due to high volatility... hope you update your progress each week on EJ
  • #135
  • Jun 29, 2013 1:43am Jun 29, 2013 1:43am
Hi! May I know how many pips that you have earn for an average per month based on your 2 years of trading?
  • #136
  • Jun 29, 2013 3:46am Jun 29, 2013 3:46am
Quoting ~bull.bear~
Hi! May I know how many pips that you have earn for an average per month based on your 2 years of trading?
On average make around 500 - 700 pips trading 4 pairs.. Past results may not predict future market moves.
  • #137
  • Jun 29, 2013 6:42am Jun 29, 2013 6:42am
I also trading Ichimoku with default setting but without Chikou Span, I'm using Ichimoku for 3 months and Still learning thanks for sharing
  • #138
  • Jun 30, 2013 4:52am Jun 30, 2013 4:52am
Quoting ichimokuking
{quote} On average make around 500 - 700 pips trading 4 pairs.. Past results may not predict future market moves.
Hi,

This is good strategy, but we need EA, how we can monitor market 24h daily?
  • #139
  • Jun 30, 2013 5:09am Jun 30, 2013 5:09am
Quoting forexmel
{quote} Hi, This is good strategy, but we need EA, how we can monitor market 24h daily?
That's easy http://www.forexfactory.com/showthread.php?t=299439
  • #140
  • Jul 1, 2013 4:39am Jul 1, 2013 4:39am
Quoting claudia1
{quote} That's easy http://www.forexfactory.com/showthread.php?t=299439
Hi,

But, this is not EA for this strategy, we need EA to open 3 position?
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