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Ichimoku H4 D1 trading system

  • #61
  • Jan 7, 2015 12:33pm Jan 7, 2015 12:33pm
Quoting Mattrix83
{quote} {image} Hi Lucariga, thanks for Ur interest in my thread. As u say monthly is not below Kumo. It wouldn't be a trade based on my system. But if u decide to enter, you can enter with a smaller risk maybe. Make sure there is enough room to go. I am using Oanda and it shows a nice pin bar with lots of rejection off the resistance. Nice setup but it doesn't fit the criteria of this system For EURCAD, it is a long candle down based on my chart. Currently it has retraced. If you see next support and see enough room to go, you can enter on the...


Maybe you already said it, but can you clarify me your TP and SL rules? I'm following with great interest. Thx
  • #62
  • Edited 2:35pm Jan 7, 2015 12:39pm | Edited 2:35pm
Okk I sometime using H1 or H4 for adding on positions ... Your chart look pretty different to mine but really different !! /quote]

Oanda's default Ich. settings are 7-22-44; that might explain the visual difference. Plus you can have 5pm NY closing or midnight.
EDIT: I should have stated that the above settings are for their Java platform, FXTrade.
  • #63
  • Jan 7, 2015 12:55pm Jan 7, 2015 12:55pm
Just looking at the two pic, both have the same Ichi settings, since the clouds have the same shape. Different broker closing times probably account of the different candle sizes. But both charts show the same Kijun break setup. That is the important thing. My opinion
Quoting piprac
Okk I sometime using H1 or H4 for adding on positions ... Your chart look pretty different to mine but really different !! /quote] Oanda's default Ich. settings are 7-22-44; that might explain the visual difference. Plus you can have 5pm NY closing or midnight.
  • #64
  • Jan 7, 2015 1:45pm Jan 7, 2015 1:45pm
Quoting EasyRyder
Just looking at the two pic, both have the same Ichi settings, since the clouds have the same shape. Different broker closing times probably account of the different candle sizes. But both charts show the same Kijun break setup. That is the important thing. My opinion {quote}
Important thing is the cloud ,,,my price is inside and his price is outside my kijun break happend inside the kumo while his not I dont see his leading kumo but when this happening under the cloud in uptrent its weak signal anyway so , as is it in my chart yes its inside but not so as should be , so as the position od lagging line ...
  • #65
  • Jan 7, 2015 3:04pm Jan 7, 2015 3:04pm
Yes, I see that now. Is difficult for my old eyes to see the Matrix cloud on the pic because of the color.

Quoting Petr.K
{quote} Important thing is the cloud ,,,my price is inside and his price is outside my kijun break happend inside the kumo while his not I dont see his leading kumo but when this happening under the cloud in uptrent its weak signal anyway so , as is it in my chart yes its inside but not so as should be , so as the position od lagging line ...
  • #66
  • Jan 7, 2015 3:38pm Jan 7, 2015 3:38pm
Quoting EasyRyder
Yes, I see that now. Is difficult for my old eyes to see the Matrix cloud on the pic because of the color. {quote}
No worry that was proble for my young eyes too ..
  • #67
  • Jan 7, 2015 6:07pm Jan 7, 2015 6:07pm
Quoting Petr.K
{quote} Okk I sometime using H1 or H4 for adding on positions ... Your chart look pretty different to mine but really different !! {image}
Ur chart gave some nice bars and would have been no trade. But I guess overall it should not affect accuracy of the system. Nnote that your system is more long term, while mine just target recent high low
  • #68
  • Jan 7, 2015 6:10pm Jan 7, 2015 6:10pm
Quoting piprac
Okk I sometime using H1 or H4 for adding on positions ... Your chart look pretty different to mine but really different !! /quote] Oanda's default Ich. settings are 7-22-44; that might explain the visual difference. Plus you can have 5pm NY closing or midnight. EDIT: I should have stated that the above settings are for their Java platform, FXTrade.
Hi Piprac I use the default setting on MT4. You did remind me that the fx trade is worded differently or sth.. But I do use MT4 to see my charts (the account can be MT4 enabled)
  • #69
  • Jan 7, 2015 6:37pm Jan 7, 2015 6:37pm
@ Petr. K, EasyRyder - pardon the white background - next time i will use the black one! anyway, USDJPY is a valid breakout based on kijun. However, as i mentioned, the room to go is important. price did not manage to squeeze past the resistance and I got a SL.. but it's my decision to take the trade.. maybe I could have entered with lower risk

@lucariga - SL will be 1 pip below the previous candle low, TP, look for recent high/low; if there are few wicks at the area, that's probably where you want to put your TP.. or if you want to aim higher, you might consider moving your SL to BE. see how you would like to manage your trade; there are instances when price go back to BE before hitting TP
  • #70
  • Jan 7, 2015 6:38pm Jan 7, 2015 6:38pm
Update - UJ - SL. not much room to go actually

entered : NJ - enter at 92.7, SL 92.28, TP 93.3
  • #71
  • Jan 7, 2015 7:50pm Jan 7, 2015 7:50pm
another valid trade on UJ as it rebounded
  • #72
  • Jan 7, 2015 10:25pm Jan 7, 2015 10:25pm
Quoting Mattrix83
Update - UJ - SL. not much room to go actually entered : NJ - enter at 92.7, SL 92.28, TP 93.3
NJ trade TP. I missed the entry when it was a valid setup at 5am SG time but I entered when price retraced back to the entry price. Quite a fast trade.
  • #73
  • Jan 7, 2015 11:47pm Jan 7, 2015 11:47pm
Stop using a demo account and put some real dosh on it.
  • #74
  • Jan 8, 2015 4:46am Jan 8, 2015 4:46am
Quoting adamcox
Stop using a demo account and put some real dosh on it.
I should.. trying to keep control my psychology better first before doing it..
  • #75
  • Jan 8, 2015 8:28am Jan 8, 2015 8:28am
potential setup for AU short if price close below Kijun. But must look for enough room to go.. It will another leg down if it happens.

Do take note it's NFP tmr
  • #76
  • Jan 8, 2015 8:57am Jan 8, 2015 8:57am
AUDUSD looking abit uncertain to me? There is some divergence so has potential to break the cloud and rally up, however, it may stick to the channel drawn and continue bearish, certainly the Weekly/Daily is looking like support has been found and supports the divergence aspect. Shall have to wait and see what happens....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #77
  • Jan 8, 2015 9:13am Jan 8, 2015 9:13am
Quoting Nednones
AUDUSD looking abit uncertain to me? There is some divergence so has potential to break the cloud and rally up, however, it may stick to the channel drawn and continue bearish, certainly the Weekly/Daily is looking like support has been found and supports the divergence aspect. Shall have to wait and see what happens.... {image}
thanks for the chart. yea it's similar to what I have for now.. price needs to break below that kijun to enter. price is currently supported by it. but if you ask me on D1 i see lots of resistance, but need confirmation candle.

tomorrow NFP should move things.. i do see the divergence too.. even on EU, divergence on W1, even MN. but it is currently too bearish, divergence may or may not work out
  • #78
  • Edited 11:34am Jan 8, 2015 11:12am | Edited 11:34am
kumo breakout for NZDJPY. i made an insane decision to aim for R2 W1. 94.75. the R:R is good to take the trade.

and i just shorted instead longing. what an error
  • #79
  • Jan 8, 2015 12:35pm Jan 8, 2015 12:35pm
Attached you will find the "KumoMeter". Again, MT4 Build 765.
Attached File(s)
File Type: ex4 kumoMeter.v1.0.ex4   23 KB | 396 downloads
  • #80
  • Jan 9, 2015 9:15am Jan 9, 2015 9:15am
Nice breakout above cloud and trendline, target point is the upper trend line. I wonder if the triple divergence is a signal for a decent correction/reversal...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 40 KB
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