The only constant is change
Carpe diem: Intraday tactics for Dax and Dow
- #10,323
- Jul 17, 2015 4:12am Jul 17, 2015 4:12am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
went for a short earlier on FDAX {image}
- #10,327
- Jul 17, 2015 5:25am Jul 17, 2015 5:25am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #10,328
- Jul 17, 2015 5:38am Jul 17, 2015 5:38am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #10,329
- Jul 17, 2015 6:03am Jul 17, 2015 6:03am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #10,330
- Jul 17, 2015 8:35am Jul 17, 2015 8:35am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #10,331
- Jul 17, 2015 8:57am Jul 17, 2015 8:57am
- Joined Mar 2011 | Status: moving | 3,642 Posts
The only constant is change
- #10,334
- Jul 17, 2015 11:12am Jul 17, 2015 11:12am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
Crap day today! Hate crap fridays as got to wait all weekend for next round. Have a great weekend all and ct
- #10,337
- Jul 17, 2015 11:36am Jul 17, 2015 11:36am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
{quote} haha! Traders - the only people who can't wait for Mondays
I just read this and preparing 4 Monday....
- #10,339
- Jul 19, 2015 3:41am Jul 19, 2015 3:41am
D1 Ger30 on Ichimoku has just broken up through cloud in the last couple trading days. I have not seen this happen since maybe November 2014 Tenkan Sen may also shortly move higher than KS Peak price of 23/June has been surpassed, meaning Chikou Span was given a clear space on price since Thursday, even if it is still having to look through cloud. Perhaps the only thing negative, from my limited understanding of Ichimoku is to say that Senkou A ought to be higher than Senkou span B (after a Kumo twist) to make the emergence from cloud more valid....
For me Ichimoku Clouds is very random and that is because the cloud is plotted 26 periods into the future.
First let’s look at how the Ichimoku is contructed:
Tenkan-sen – midpoint of the 9 period (default setting) high-low range – an independent line drawn on the graph
Kijun-sen - midpoint of the 26 period (default setting) high-low range – an independent line drawn on the graph
Senkou span A – midpoint of Tenkan-sen and Kijun-sen, plotted 26 periods into the future – part of the cloud
Senkou span B – midpoint of the 52 period (default setting) high-low range plotted 26 periods into the future - part of the cloud
Chikou span – Close plotted 26 days in the past.
As you can see it’s a bunch of midpoints of different time ranges.
I find the midpoint of a HL range to be very useful, and I use it myself in my strategy (using the Donchian Channels – this is what is used in the graph attached, with a 52 value)
Looking at the graph attached maybe you can see why I consider this approach very random. For me level A (see graph) would be a more important level to break (this considering that we are analyzing the price thru the midpoint HL range strategy) Level A took almost 1 month to form which demands respect ( a price level above that would be bullish, a price level below that would be bearish) it would be more like a POC ( if you were to look at it from a market profile perspective), while level B would be the upper part of the cloud at the moment ( the one that it just broke). Level B, imo, is not that strong, it took a little bit more than a couple of days to form….
Also the price broke the cloud, but look how it stopped @ level A, and I’m not trying to say that this approach is more effective, but to say that I find the Ichimochu Cloud approach very random and it can lead to some false signals. PA imo is the way to go, and Donchian channels would be a nice helping tool to show you different levels of support and resistance.
