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Ichimoku for long term trading

  • #81
  • Jan 12, 2015 12:57am Jan 12, 2015 12:57am
Quoting piprac
This is what bothers me so much re. Ichimoku: a drop from 1.5220 to 1.4400 before I get a possible entry on todays candle, Daily changeover at 4pm NY time. An awful lot of pips wasted before a "safe" entry. And of course the PA only traders would heartily agree.{image}
Because this is a Trend Following System. Maybe if u switch for a lower TF you will get the Safe entry much sooner
  • #82
  • Jan 12, 2015 6:07am Jan 12, 2015 6:07am
Quoting Petr.K
{quote} Because this is a Trend Following System. Maybe if u switch for a lower TF you will get the Safe entry much sooner
It didn't matter in this case, price hit my Sell Stop and then reversed to hit my 50 pip SL. The old "don't trade the Asian session" bromide holds well. p.
  • #83
  • Jan 12, 2015 6:27am Jan 12, 2015 6:27am
Quoting Petr.K
{quote} Because this is a Trend Following System. Maybe if u switch for a lower TF you will get the Safe entry much sooner
Exactly my observation, when did the trend start? Well above the cloud. But I will still look for opportunities.
  • #84
  • Jan 12, 2015 10:16pm Jan 12, 2015 10:16pm
Quoting Petr.K
Starting to thing that NZD/USD could start raising in couple of weeks or days {image} {image} {image}
Petr;

If you can add supply and demand line, it will be better. Otherwise it just like today going into the opposite direction(0.784-0.778). thx
  • #85
  • Jan 12, 2015 11:56pm Jan 12, 2015 11:56pm
Quoting GodFire
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.
I've used IC for long-term trading (off 4hr & Daily charts) & I've also had similar success trading intra day with IC with a 5m chart - with T/K crossovers & Cloud breakouts. I also pay attn to Reversal candle patterns (dojis, hammers shooting stars, engulfing patterns,etc...) at top or bottom of trends, confirmed with RSI. Confirmed candle patterns can get u in/out of a trade long b4 u get entry/exit signals off IC.
  • #86
  • Jan 13, 2015 1:48am Jan 13, 2015 1:48am
Quoting piprac
This is what bothers me so much re. Ichimoku: a drop from 1.5220 to 1.4400 before I get a possible entry on todays candle, Daily changeover at 4pm NY time. An awful lot of pips wasted before a "safe" entry. And of course the PA only traders would heartily agree.{image}
Yes, the PA traders would heartily agree & I agree with the PA crowd too. In adjunct with IC I also put a lot of emphasis on candle patterns (esp at top/bottom of trends) because they can get you in/out of a trade much sooner than the signals coming from IC. With your chart you have a doji (reversal) candle at top of trend with a long upper wick. That is a BIG CLUE right there that a reversal is imminent. That is followed by a bearish engulfing candle. How many clues does one need here? lol. I would have jumped in (on the short side) on the close of that engulfing candle or at the latest, when the bearish crossover (between T/K lines) happens. So if you are interesting in improving your entrys/exits & catch a bigger part of the move, you may want to study Candle patterns. I learned from the best, steve nison.
  • #87
  • Jan 14, 2015 3:40am Jan 14, 2015 3:40am
Quoting Petr.K
Bit too late but added a Buy-Limit order .. With RRR - 2,8:1 {image}
Opened manually :-) But a bit sooner .. Buy stop above previous high ..
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  • #88
  • Jan 14, 2015 3:46am Jan 14, 2015 3:46am
Nzd/cad setup
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  • #89
  • Jan 14, 2015 5:04pm Jan 14, 2015 5:04pm
Bit of a exotic .. 3 month low broken and weekly chart suggest upcoming downtrend
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  • #90
  • Jan 15, 2015 5:06am Jan 15, 2015 5:06am
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  • #91
  • Jan 15, 2015 5:08am Jan 15, 2015 5:08am
Quoting Petr.K
{image}
SO if the trend correction happends maybe i jump again in to it .. But for now will be safer to exit with about 10% prof.
  • #92
  • Jan 15, 2015 6:59am Jan 15, 2015 6:59am
Quoting Petr.K
{quote} SO if the trend correction happends maybe i jump again in to it .. But for now will be safer to exit with about 10% prof.

......CLOSED..
  • #93
  • Jan 15, 2015 10:23am Jan 15, 2015 10:23am
Trades will be closed sooner that i have expected... But it should be closed cause PT: is about a 3 yers low ... When we break it then i expecting move to 1,4500 15 years low !!
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  • #94
  • Jan 15, 2015 2:01pm Jan 15, 2015 2:01pm
Quoting Petr.K
Trades will be closed sooner that i have expected... But it should be closed cause PT: is about a 3 yers low ... When we break it then i expecting move to 1,4500 15 years low !! {image} {image}

Ok... 1.st trade closed +10% other 2 trades let go for PT.. Why im closing it ?: Its good for me personally when the first biggest trade double my StopLoss so its about 8-10% because its always a lot of pips . And if the price or the trend is over or comming a big retracement , its always good to have 10% in your pocket for sure , if the smaller trades coming to zero profit, closing it too and waiting for opportunity for re-sell or re-buy ..

Hope that you understand what i mean :-) Cheers
  • #95
  • Jan 15, 2015 4:49pm Jan 15, 2015 4:49pm
Waiting for PA tomorrow and maybe will be open on monday
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  • #96
  • Jan 15, 2015 4:53pm Jan 15, 2015 4:53pm
Quoting Petr.K
Waiting for PA tomorrow and maybe will be open on monday {image}
Weekly : all ichi components away from kumo so as price . Leading kumo Bearish
¨Daily: Low is broken but still be better to wait at least till monday because the price was a bit in Sideways .
  • #97
  • Jan 15, 2015 10:43pm Jan 15, 2015 10:43pm
Quoting Petr.K
{image}
NZDCAD continues going up. There is no sign to go down yet. thx
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  • #98
  • Jan 16, 2015 10:38am Jan 16, 2015 10:38am
[quote=FXyao;7998119]{quote} NZDCAD continues going up. There is no sign to go down yet. thx {image}[/quote

Are u sure ?
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  • #99
  • Jan 18, 2015 11:14pm Jan 18, 2015 11:14pm
[quote=Petr.K;8000782]
Quoting FXyao
{quote} NZDCAD continues going up. There is no sign to go down yet. thx {image}[/quote Are u sure ? {image} {image}
From the chart NZDCAD is ranging, may go down tomorrow. thx
  • #100
  • Jan 19, 2015 1:37am Jan 19, 2015 1:37am
My view: the pair NZDCAD will consolidate in range 0.92~0.946 in the next few weeks, after that fall down, maybe?
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