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Ichimoku for long term trading

  • #21
  • Dec 27, 2014 5:57am Dec 27, 2014 5:57am
I agree with Petr.K
The chikou span is a saviour...
As soon as you see it in price... move on
Its below price on a bullish trend - move on
Its above trend in a bearish trend - move on
Its going to run into price very soon - move on
  • #22
  • Edited 9:02am Dec 27, 2014 8:29am | Edited 9:02am
Quoting skyway
{quote} My take is this NZDCAD is in the phase to test the daily kumo where your sl sits imho. Another relook at the charts - The spike high done on 16 Dec unlikely be broken for the near future, so a test at the top end presents shorting opportunities, I could be wrong.....lol
Yep well wee will see but im more for the bullish scenario or sideways move But im not sure that the price will touch the kumo cause of the TK support point ..
And if i look at the weekly chart it looks that the next candles could be strong enough to touch a Kumo top which is my potentional pt ... But i could be wrong :-) so as you :-)
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  • #23
  • Dec 27, 2014 8:36am Dec 27, 2014 8:36am
Quoting SixIt
I agree with Petr.K The chikou span is a saviour... As soon as you see it in price... move on Its below price on a bullish trend - move on Its above trend in a bearish trend - move on Its going to run into price very soon - move on
:-)
Agree the chikou span is the main thing of this systém .. U always have to look what its doing or where it is if u wont to open a new trade :-)
  • #24
  • Dec 27, 2014 8:36am Dec 27, 2014 8:36am
Hi,

I am an ichimoku lover too. I use it on the m15 tf and it works very well. I take a look at the h1 and the h4 for trend direction but I take the trades on the m15.

I use mainly the t/k strong cross and the kumo breakout strategy.
  • #25
  • Edited 8:50am Dec 27, 2014 8:39am | Edited 8:50am
Quoting Petr.K
{quote} Yep well wee will see but im more for the bullish scenario or sideways move But im not sure that the price will touch the kumo cause of the TK support point .. And if i look at the weekly chart it looks that the next candles could touch a Kumo top which is my potentional pt ... But i could be wrong :-) so as you :-) {image} {image}
Bottom bounce from daily kijun, top rejected from weekly kijun.....conclusion.....tp monday & skip this pair.....lol.....just kidding.
  • #26
  • Dec 27, 2014 8:44am Dec 27, 2014 8:44am
Quoting Petr.K
{quote} :-) Agree the chikou span is the main thing of this systém .. U always have to look what its doing or where it is if u wont to open a new trade :-)
.....like in our normal roads or highways.....we want to see the chikou break away from traffic and not be stuck in a jam.....then only price can move smoothly without obstruction towards intended destination.....I learnt that from a ichi expert......just sharing.
  • #27
  • Dec 28, 2014 6:20pm Dec 28, 2014 6:20pm
buy stop added
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  • #28
  • Dec 28, 2014 10:18pm Dec 28, 2014 10:18pm
hi,

just to confirm, you are trading on H4? surprise to see how small is your TP SL
  • #29
  • Dec 29, 2014 2:00am Dec 29, 2014 2:00am
Quoting Mattrix83
hi, just to confirm, you are trading on H4? surprise to see how small is your TP SL
Nope DAILY CHARTS .. And why u think that 165 pips SL and potentional 420 pips PT is small :-) ?
  • #30
  • Dec 29, 2014 2:16am Dec 29, 2014 2:16am
Quoting qianmojushi
Hi,Petr.K. Your trade system can be used on timeframe H1 or H4?
it is not my systém :-) http://en.wikipedia.org/wiki/Ichimok...C5%8D_Hy%C5%8D But u can use it overal 1-min to weekly but lower tf mean a lot of fake signals .. :-)
  • #31
  • Dec 29, 2014 2:45am Dec 29, 2014 2:45am
Quoting Petr.K
{quote} Nope DAILY CHARTS .. And why u think that 165 pips SL and potentional 420 pips PT is small :-) ?
my apologies; i was looking at your forex explorer and thought that was your realized gain.. only to realise now that it is unrealised.

I also have a similar ichimoku system, though i do not use chikou span.. i will post it as a separate thread when i have the chance too; not to compete with your thread, but more of i feel i need a place to make myself disciplined in taking trades.
  • #32
  • Dec 29, 2014 4:11pm Dec 29, 2014 4:11pm
Quoting Mattrix83
{quote} my apologies; i was looking at your forex explorer and thought that was your realized gain.. only to realise now that it is unrealised. I also have a similar ichimoku system, though i do not use chikou span.. i will post it as a separate thread when i have the chance too; not to compete with your thread, but more of i feel i need a place to make myself disciplined in taking trades.
ok
  • #33
  • Dec 29, 2014 6:46pm Dec 29, 2014 6:46pm
Which are your favourite pairs or do you trade the pair with the strongest momentum?
  • #34
  • Dec 30, 2014 6:23am Dec 30, 2014 6:23am
Quoting GodFire
Which are your favourite pairs or do you trade the pair with the strongest momentum?
I don't have any of favourite pairs i'm trading together about 50 maybe more im not sure now
  • #35
  • Dec 30, 2014 6:57am Dec 30, 2014 6:57am
see that you added on another trade. any reason for that?
  • #36
  • Edited 7:15am Dec 30, 2014 7:03am | Edited 7:15am
Quoting Mattrix83
see that you added on another trade. any reason for that?
read post#3 with tp @ fibo 161.8.....Petr sees it up up n away put on wings n fly.....so set lo buy such an easy no stress way to trade.

The top gets loaded with moisture n getting heavy.....
  • #37
  • Dec 30, 2014 7:08am Dec 30, 2014 7:08am
I have watched this system using Dax which is the German stock market index, and to be quite honest you could do quite well just trading on the crosses of Tenken sen and kijun sen without taking too much notice of cloud, it does best when there's a clear space between Chikou and current price of course, but I have to say it could be quite a relaxing way to trade, preferably in TFs of no less than m15
  • #38
  • Dec 30, 2014 7:58am Dec 30, 2014 7:58am
Quoting Mattrix83
see that you added on another trade. any reason for that?

Chickou span Resistance break ... Another Buy stop above 100,0 of Fibo. Expansion . And all PT set : 0,94000
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  • #39
  • Dec 30, 2014 8:17am Dec 30, 2014 8:17am
short UJ, no demand zone
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Don't focus on loss.. Study your winnings and learn from them.
  • #40
  • Dec 30, 2014 9:32am Dec 30, 2014 9:32am
Good articles written by Tyler Yell in 2013 on Ichimoku trading, still available on the web.
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