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Ichimoku Kinko Hyo

  • #61
  • Jun 22, 2014 12:50pm Jun 22, 2014 12:50pm
Quoting robin2013
Hi Metasecret, it's a good thread. If you don't mind I'll follow it and maybe also contribute or bring something in for discussion. I use Ichimoku on all my charts. I found is very good system and I want to polish it. Happy trading next week.
Hi robin, thank you for good deed. All of you are welcome, both argument and agreement because it is two side of things, likes FX. We can have different views on any charts, that's good for the trading journey.
  • #62
  • Jun 22, 2014 12:55pm Jun 22, 2014 12:55pm
Quoting piprac
I simply don't know how to interpret a series of charts like M.'s above 3. W & H4 are above the cloud but D is not. I prefer to trade the D. but in this case if one wanted a classic entry, especially price above the kumo, it could be a long wait plus missing many rising pips as the D. starts heading north. Very confusing for me and it limits my rewards as a trader. I have never had success trying to use multiple frames for a pair yet many do have success.
Hi piprac, at first try this without any indicator, just nake chart. It is clearer to study nake chart.
  • #63
  • Edited 1:32pm Jun 22, 2014 12:57pm | Edited 1:32pm
My personal view on gold

daily

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h4

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It is my prediction on potential target. Please judge it by yourself before taking this as an advise. I have no guarantee on your result and losses.

Western style: paying attention much on 5 lines: tenkan, kijun, chinkou, senkou A and senkou B

BUT following Eastern style, there are 3 theories: ichimoku price theory, ichimoku time theory and ichimoku wave theory. They are the soul of ichimoku.

I'm studying this and welcome discussion.
  • #64
  • Jun 22, 2014 1:19pm Jun 22, 2014 1:19pm
Quoting MetaSecret
High probability short setup for AUD / JPY 10 days up and nice hanging man candle on April 03, plus a dragonfly doji candle which show that possible reversal coming soon. So I am looking for short this pair. {image} H4 chart, you can see that there is a bearish divergence if you add oscillator indicator such as MACD or RSI. As an ichimoku trader, we aware that price is at kijun, also signals the uptrend has difficulty. {image}
See what happened with this pair

w1

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d1

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what is happening here on daily chart ?

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( wave theory: Y wave)
  • #65
  • Jun 22, 2014 1:55pm Jun 22, 2014 1:55pm
I was wrong here. Because I didn't study the whole picture.

Quoting MetaSecret
in my opinion, gold is bullish for coming week {image}
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( P wave )
  • #66
  • Jun 22, 2014 3:54pm Jun 22, 2014 3:54pm
Quoting M. "
Western style: paying attention much on 5 lines: tenkan, kijun, chinkou, senkou A and senkou B

BUT following Eastern style, there are 3 theories: ichimoku price theory, ichimoku time theory and ichimoku wave theory. They are the soul of ichimoku.

I'm studying this and welcome discussion. "

Nicole Elliott's book, "Ichimoku Charts" goes into the wave, price & time starting on pg.43. I follow the Western theories better. p
  • #67
  • Jun 23, 2014 10:32am Jun 23, 2014 10:32am
Attached File(s)
File Type: csv USDCAD1440.csv   119 KB | 454 downloads

A D. short (from last night) for usd/cad. Sell @1.07523, SL @ 1.08059, TP @ 1.0644. The D and H4 agree, W does not but R/R looks good. Any comments are appreciated

I don't know what happened to the chart picture, sorry.
  • #68
  • Jun 24, 2014 7:31am Jun 24, 2014 7:31am
Hi piprac

Pls aware 1.0700 level and the candle I circle
  • #69
  • Jun 25, 2014 4:49am Jun 25, 2014 4:49am
Quoting MetaSecret
Hi piprac Pls aware 1.0700 level and the candle I circle
Sorry, yesterday I forgot to post image.

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  • #70
  • Jun 25, 2014 7:00am Jun 25, 2014 7:00am
crude oil buy or sell ?
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  • #71
  • Jun 25, 2014 8:31am Jun 25, 2014 8:31am
Quoting dhghael
crude oil buy or sell ? {image}
Try to add the Chikou Span, Tenkan Sen and Kijun Sen to give you some more edge. Those are key components of Ichi system.
  • #72
  • Jun 25, 2014 8:40am Jun 25, 2014 8:40am
Quoting MetaSecret
Hi piprac Pls aware 1.0700 level and the candle I circle
I got out when yesterday's candle retracement 3/4 of my profit - managed a small plus. Also, the Tenka sen & kenju sen were and still are flat on my chart (daily close at 5pm ET) I pay more attention to pivot points than BRN but to each his own; I did see where 1.0700 was Resis. on the far left side of my chart (Oanda's FXTrade). I still don't have this posting of charts thing down pat but when I do I will also post charts with my comments.

Glad to see some participation. One tip I learned from Manesh Patel's book is that if one projects the Chikou span forward 5 or 6 candlestick don't take a trade if the Chikou would enter into a group of candle sticks. Hard to explain but I do use that tip for a more conservative entry. Trade well, all - p.
  • #73
  • Jun 25, 2014 11:45am Jun 25, 2014 11:45am
Quoting piprac
{quote} I got out when yesterday's candle retracement 3/4 of my profit - managed a small plus. Also, the Tenka sen & kenju sen were and still are flat on my chart (daily close at 5pm ET) I pay more attention to pivot points than BRN but to each his own; I did see where 1.0700 was Resis. on the far left side of my chart (Oanda's FXTrade). I still don't have this posting of charts thing down pat but when I do I will also post charts with my comments. Glad to see some participation. One tip I learned from Manesh Patel's book is that if one projects...
when chinkou reaches candle (26 periods) that means current price is sideway
  • #74
  • Jun 25, 2014 11:47am Jun 25, 2014 11:47am
Quoting dhghael
crude oil buy or sell ? {image}
your question is not clear because buy or sell both is ok

if you sell, where to put sl and tp
if you buy, where to put sl and tp
  • #75
  • Jun 25, 2014 4:43pm Jun 25, 2014 4:43pm
Only a little contribution in this thread:

It is possible to have some indicators so you can analyze the signals historically.
Typical of Ichimoku is that old signals are very difficult visual to track.
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  • #76
  • Jun 26, 2014 12:06am Jun 26, 2014 12:06am
Quoting SwingMan
Only a little contribution in this thread: It is possible to have some indicators so you can analyze the signals historically. Typical of Ichimoku is that old signals are very difficult visual to track. {image} {image} {image}
Personally, I think price is reaching 1.3700.

w1: price is above kumo
d1: price break above kijun
h4: is looking for support before reaching 1.3700
  • #77
  • Jun 28, 2014 1:15am Jun 28, 2014 1:15am
Personally, I think price is reaching 1.3700.

w1: price is above kumo
d1: price break above kijun
h4: is looking for support before reaching 1.3700

===================================

Senkou span B plays as a strong support level. On H1 chart you can see how price run down to this level and then bounce up very fast.

H4

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H1

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  • #78
  • Jun 29, 2014 12:36pm Jun 29, 2014 12:36pm
How does my chart look like?

Here it is.

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What is your opinion?

1. Messy
2. Ugly
3. Not bad
4. Colorful
5. Great

  • #79
  • Jun 29, 2014 5:39pm Jun 29, 2014 5:39pm
Dear MetaSecret,

Thanks for keeping this thread alive. I like Ichimoku too and would like to be part of this thread.

As regards your chart, I would prefer clear and readable charts; I mean readable at a glance.

Thanks again as I hope to make contributions later.
the Lines are fallen unto me in pleasant places
  • #80
  • Jun 29, 2014 5:58pm Jun 29, 2014 5:58pm
Dear MetaSecret,

Your EU analysis is actually in tandem with my position on the pair. Like you stated above, Daily PA is above Kijun although kumo is still very bearish in daily.

I expect retracement before the 1.373xx mark. In my 1Hr chart, I identify flat kumo on the time frame that may call for that retracement.

In the light of the above, I would like to watch PA within 1 Hr Senkan and Kijun lines for a long entry.

Please, let us continue to watch each others back.

Thanks again

Okoli
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the Lines are fallen unto me in pleasant places
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