Ichimoku trading system

Ichimoku trading system

Trading instrument: any
Time frame: any, but usually weekly and daily
Indicators: Ichimoku

Entry rules

Buy:
1. The price is above the Cloud, and / or
2. The Tenkan-sen line is above the Kijun-sen line, and / or
3. The Chinkou Span line is above the price chart.
A position should be opened by execution of a pending order. The order is placed on the upper point of the market extremum, which is formed after the rebound of the price downward.

Sell:
1. The price is below the Cloud, and / or
2. The Tenkan-sen line is below the Kijun-sen line, and / or
3. The Chinkou Span line is below the price chart.
A position should be opened by execution of a pending order. The order is placed under the lower point of the market extremum, which is formed after the rebound of the price upward.

Exit rules

1. The price touches the Tenkan-sen line, or
2. The price touches the Kijun-sen line, or
3. The price touches the Clouds border, or
4. The price touches the first line of the Fibonacci fan. The Fibonacci fan is built from the point of the market extremum at the beginning of its movement and up (or down) to the opposite extreme point of the current market, that is, from the bottom to the top of the movement (when buying) and from the top to the bottom of the movement (when selling). It is important not to confuse: the Fibonacci fan is built not from the market entry point, but from the point of the beginning of directional movement or trend (up or down). Fibonacci fan line, which is closest to the price, serves as the exit level. And the exit order should be moved on this line.

Stop-loss is set:
1. Under (over) the signal candle, or
2. Under (over) the closest extremum of the market after the rebound, or
3. On the Tenkan-sen line, or
4. On the Kijun-sen line, or
5. On the Clouds borders.

Money management: not more than 2% on one trading instrument.

Also, special attention is paid to the japanese candlestick patterns, channels, support and resistance levels, the direction and the correlation of the current and "future" Clouds, the Tenkan-sen line, the Kijun-sen line, the Chinkou-Span among themselves as well as in relation to the price chart.

Hi,AndrewForex

Maybe Ichimoku is from Japan.

I wonder how long you have been trading by this strategy.

thank you.

I've been watched and explored this indicator for a long period of time, about 5 years ago, as far back as I traded my own trading strategy. But I see it works good also and gives the excellent picture of the market to take profitable trading decisions.

Finding out about Ichimoku was probably one of the best things that could have happened for me forex wise. Ichimoku makes it much easier to find which way the market is trending.

Only drawback is sometimes it can be hard to pick how strong the momentum is. Sometimes the momentum is weak and if you're trading purely on ichimoku signals you can get into a series of losing trades.

Ichimoku only works when the markets aren't treading water. If it is, you will still get Ichimoku signals, but those signals won't help you. I use other indicators also to help me identify the strength of the market sentiment whenever I get an ichimoku signal

I stand by Ichimoku trading system, the Japanese version of Turtle Trading. It had worked well for me on daily, weekly and monthly. I normally use it for opening and closing trade, after fundamental analysis is in my favor.

As would I. My current system is based around ichimoku and Its working great for me. As with anything though make sure you consider ichimoku signals in context, whether they is through fundamental analysis or a range of complementary indicators.

World indices (DJIA30, NASDAQ, S&P500, CAC40, DAX30, IBEX35, BEL20, PSI20, AEX25, FTSE100, NIKKEI 225, Iceland All-Share, OMX Stockholm 30, OMX Oslo 20, OMX Helsinki 25), January 2, 2016:

Forex, the Majors (EURUSD, USDJPY, GBPUSD, USDCHF, AUDUSD, NZDUSD, UADCAD), January 2, 2016:

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Forex, EURO crosses (EURAUD, EURCAD, EURCHF, EURCZK, EURDKK, EURGBP, EURHUF, EURJPY, EURNOK, EURPLN, EURSEK), January 2, 2016:

Inserted Video

Forex, GBP crosses (GBPAUD, GBPCAD, GBPCHF, GBPDKK, GBPJPY, GBPNZD, GBPSEK), January 2, 2016:

Inserted Video

Forex, other crosses (AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, NZDCAD, NZDCHF, NZDJPY), January 2, 2016:

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Well, thank you for your analysis.
I suggest you the reading of an excellent entitled book : Ichimoku Charts: An Introduction To Ichimoku Kinko Clouds Nicole Elliot

95% of the Japanese banks or may be more are using this system

Thank you! I have read the book "Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis". Also I researched the strategy from my own experience mainly. Concerning technical analysis (support and resistance levels, trends, channels etc.), I have read "Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications" by John J. Murphy and "The Candlestick Course" by Steve Nison concerning candlestick patterns. In my opinion, it is quite effectively to use Ichimoku system together with candlestick patterns and different instruments of technical analysis (support and resistance levels, channels etc.).

Forex, other currency pairs (USDCZK, USDDKK, USDHRD, USDHUF, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTRY, USDZAR), January 2, 2016:

Andrew, great to see you start another thread.

I wonder how you feel about merging your Super Trend with Ichimoku? It seems they could be complementary, and I have placed both on my charts. Or . . . does Ichi give you all the information you need (and maybe more since it is information rich)?

Clearly, there could be some short entries with SuperTrend above the kumo and long entries below it, so one needs to determine which information is most reliable. No one could be in a better position than you to do this.

I look forward to your thinking on this.

Every success in your trading in 2016 and with the new forum.

Happy New Year to you!

FS

Hello! Thank you for encouraging and good wishes! So do I wish you too, great success!
Concerning merging the Supertrend and the Ichimoku systems, I don't think about it. I used and experienced the Ichimoku along with the graphical analysis and I should say it works good. Moreover, the indicator like a Supertrend line for entry point or short-term trading can be substituted by Kijun-sen line for example and the Nonlagdot - by the Tenkan-sen line in some sense. Besides, the Ichimoku seems to give the complete information about the situation in the market.

Andrew, I have great respect for you as a trader and analyzer of charts.

My concern is if we wait to escape the kumo (up or down) and for the KS / TS lines to assume their correct positioning the market will have moved considerably. It seems a late entry . . . not too late to succeed and earn pips but late in that considerable movement (possibly hundreds of pips on the Daily) has occurred prior to a qualified entry which will follow a retrace.

Am I misunderstanding something important here? This was one reason I liked leaving the Super Trend on the chart since it may signal entry sooner and even on the 'wrong' side of the kumo. Perhaps additional analysis by you tells you an earlier SuperTrend entry is not a high quality entry compared to a fully qualified Ichimoku entry. You may now be earning a higher win rate on your entries with the qualified Ichi entries.

Help me catch up to your thinking. I apologize, but you are well ahead of me in your thinking. I am familiar with Ichimoku and am willing to trade it down to the H4.

It would also be great if you would post a few charts where you identify actual entry points even if you did not enter that trade (Dec 8 charts have been observed). Yes, I did listen and view some of your analysis videos, but correct entries even on a still chart would be welcome.

Thank you again, FS