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Ichimoku for long term trading

  • #41
  • Dec 30, 2014 9:44am Dec 30, 2014 9:44am
Quoting LouiseZA
Good articles written by Tyler Yell in 2013 on Ichimoku trading, still available on the web.
Have u got a Link to that website ? id like to read something :-)
  • #42
  • Dec 30, 2014 10:26am Dec 30, 2014 10:26am
If you google it, all the articles will come up. There are more than one.
Sorry, don't know how to post the link.
  • #43
  • Dec 30, 2014 10:29am Dec 30, 2014 10:29am
Quoting LouiseZA
If you google it, all the articles will come up. There are more than one. Sorry, don't know how to post the link.
You mean that one ? http://www.dailyfx.com/forex/educati...oku_Guide.html

Or http://www.dailyfx.com/forex/educati...uy_Signal.html
  • #44
  • Dec 30, 2014 10:32am Dec 30, 2014 10:32am
Quoting Petr.K
{quote} You mean that one ? http://www.dailyfx.com/forex/educati...oku_Guide.html Or http://www.dailyfx.com/forex/educati...uy_Signal.html

I find this site as the best for learning this system http://www.kumotrader.com/ichimoku_w...itle=Main_Page
  • #45
  • Dec 30, 2014 11:53am Dec 30, 2014 11:53am
I'm another one who is interested in ichimoku.
I'm newbie in this system, I found several whipsaws getting me false signals by Kumo breakout technique during manual back-testing on software. I tried figuring out a way to get me out of ranging market for a while.
Thank you so much Petr for thread and your idea really help me.
  • #46
  • Dec 30, 2014 12:52pm Dec 30, 2014 12:52pm
Quoting Phuml
I'm another one who is interested in ichimoku. I'm newbie in this system, I found several whipsaws getting me false signals by Kumo breakout technique during manual back-testing on software. I tried figuring out a way to get me out of ranging market for a while. Thank you so much Petr for thread and your idea really help me.
Thank you very much , i'm glad to hear it ..
  • #47
  • Dec 30, 2014 5:27pm Dec 30, 2014 5:27pm
Quoting wiseambition
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
Is that rite???
  • #48
  • Dec 30, 2014 5:43pm Dec 30, 2014 5:43pm
New sell stop order added ..

Stop orders are good to use only for trades in trend direction .. For trend breakout i never placing stop order untill that breakout is confirmed
Good night
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  • #49
  • Dec 30, 2014 5:54pm Dec 30, 2014 5:54pm
I've got 2 questions:
1. In Kumo break trading; if we wait for a chikou span to break the cloud, then we see it break but the price has already gone down or up very far a away from once Kumo break occured. Do you still trade follow that kumo break.
See attached picture as example.

2. Do you consider Kumo break if it's not the first break out, but after the first break;
price move a bit back to kumo stay inside there a bit then break kumo again.

Thank you.
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  • #50
  • Dec 30, 2014 9:02pm Dec 30, 2014 9:02pm
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
Downward cycle about to begin after a brief retest of the recent high imho(I could be completel wrong) -

http://i.imgur.com/MI4q7om.png
  • #51
  • Dec 30, 2014 11:20pm Dec 30, 2014 11:20pm
Quoting skyway
{quote} Downward cycle about to begin after a brief retest of the recent high imho(I could be completel wrong) - {image}

bearish below 9075 TP at 8975.
Don't focus on loss.. Study your winnings and learn from them.
  • #52
  • Dec 31, 2014 1:18am Dec 31, 2014 1:18am
Quoting Petr.K
{quote} I find this site as the best for learning this system http://www.kumotrader.com/ichimoku_w...itle=Main_Page
Thanks. Will look that up.
  • #53
  • Dec 31, 2014 4:51am Dec 31, 2014 4:51am
Quoting Phuml
I've got 2 questions: 1. In Kumo break trading; if we wait for a chikou span to break the cloud, then we see it break but the price has already gone down or up very far a away from once Kumo break occured. Do you still trade follow that kumo break. See attached picture as example. 2. Do you consider Kumo break if it's not the first break out, but after the first break; price move a bit back to kumo stay inside there a bit then break kumo again. Thank you. {image}

Well that is good queestion but it depends on you how big risk can u accept etc... Because sometimes if u wait after the chikou span break kumo the price can turn around but it alsou couldnīt and can make a 200 or 500 profit in week or two .. Also that leading kumo move is important if it moves sideways or its flat than im waiting to the direction ,, or when the breaks happends when the kumo is twisting i also wait for the direction .. And it also depends about the PA before that breakou ..

For the second question if u mean if iīm waiting for the second Touch or move inside the Kumo im not ..
  • #54
  • Dec 31, 2014 9:19am Dec 31, 2014 9:19am
For longer term both pairs moving same way so expecting one will be opened
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  • #55
  • Jan 1, 2015 10:44am Jan 1, 2015 10:44am
a Bit of a prediction ...
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  • #56
  • Edited 8:18pm Jan 1, 2015 7:47pm | Edited 8:18pm
Quoting Petr.K
a Bit of a prediction ... {image}
Your position had a peak profit of usd1600+(3% of equity)/pip gain 120+pips on 30 Dec when your 2nd lot was executed. When you posted above your prediction the profit showed usd600. Question - why didn't you tp and move back in the market when price reach your predicted level ? Now usd342/-17pips..........curious.......
  • #57
  • Jan 3, 2015 1:11am Jan 3, 2015 1:11am
Quoting Darkskyne
I'm a bit sad to not see more pleople using Ichimoku. For my point of view it's one of the most amazing system existing for trading on the markets. Each time I see a topic on Ichi I hope for a lot of replies but that's not really the case. Ichimoku is not just an indicator, but a total system, showing support and resistance, trend, bying and selling signals. The difficulty is, that you need to learn about this system, and to understand it clearly. It's not just buy and sell arrow in green and red. But at the end you can make really nice pips. Thanks...
I w'd like to learn, but do not know from where because this totaaly looks foreign to me. thx
yao
  • #58
  • Jan 5, 2015 10:29am Jan 5, 2015 10:29am
Quoting skyway
{quote} Your position had a peak profit of usd1600+(3% of equity)/pip gain 120+pips on 30 Dec when your 2nd lot was executed. When you posted above your prediction the profit showed usd600. Question - why didn't you tp and move back in the market when price reach your predicted level ? Now usd342/-17pips..........curious.......
Because i dont know i just dont want to do this Im just following my or (ichimoku) rules and while i trading long term sometimes i turn on mt4 once in a week ..

  • #59
  • Jan 5, 2015 10:30am Jan 5, 2015 10:30am
Quoting Petr.K
{quote} Because i dont know i just dont want to do this Im just following my or (ichimoku) rules and while i trading long term sometimes i turn on mt4 once in a week ..
And of course 3% is lets say nothing when u risk about 4-5 % per trade :.)
  • #60
  • Jan 6, 2015 3:42am Jan 6, 2015 3:42am
iīm going to test (again) ,, ichimoku at short TF 5 min.. with looking at 15,30, min. and 1 hour charts for trend direction ... I put there a Explorer after couple of trades
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