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Ichimoku and price action

  • #41
  • Jun 1, 2017 2:38pm Jun 1, 2017 2:38pm
Quoting PatBlue
{quote} Incredible Tyross If you mesure the distance of the high candle - low candle, then low candle - high cande you have 2 * 26 candles What is your target ? The high of the kumo ? The price at the end of the "26 candles" ? {image}
Not incredible Tyross...Incredible ichimoku!

Yes....ichimoku numbers....so strong in this case.

Target? SSB was 50% of previous movement : it's a configuration in a range, so equilibrium is at the middle....50%... SSB

And we can see a "divergence on candle": green-red with high wick on a resistance (SSB): pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad m1 50 pourcent.PNG Size: 133 KB
Dax only.
  • #42
  • Jun 1, 2017 2:54pm Jun 1, 2017 2:54pm
Quoting Tyross
{quote} Not incredible Tyross...Incredible ichimoku! Yes....ichimoku numbers....so strong in this case. Target? SSB was 50% of previous movement : it's a configuration in a range, so equilibrium is at the middle....50%... SSB And we can see a "divergence on candle": green-red with high wick on a resistance (SSB): pullback. {image}
Yes you are right : Incredible ... ichimoku !
  • #43
  • Jun 1, 2017 3:12pm Jun 1, 2017 3:12pm
An example with a false support, for the configuration in range explained in previous posts (34-37)

A reliable support is a level clearly visible on the two higher time frame. Otherwise, the probability of success falls.

For m1: a clear level on m5 and m15, easy to draw: everybody sees it.

Dax, m1:

Attached Image (click to enlarge)
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Look at these two charts on m5 and m15: the support m1 is almost invisible.

m5

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m15

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Dax only.
  • #44
  • Jun 1, 2017 3:12pm Jun 1, 2017 3:12pm
Quoting PatBlue
{quote} Yes it is.
Somehow I cannot find it. Appreciate if you can provide the link where it can be purchased. Thanks.
  • #45
  • Jun 1, 2017 3:56pm Jun 1, 2017 3:56pm
Quoting Tyross
But tenkan is not under kumo... Look on h1: it's not time for reliable short in daily. I prefer a breakout of range h1, with tenkan, or breakout with a big candle alone and pullback on tenkan. {image}
It was an answer to Filipo about an entry timing Daily for a short trade on Gbp-Chf.

Now, the following of the events: with ichimoku, a good entry is a breakout of range, in the main trend, with respect of the rules (look at the first post).

GBP chf-H1

Attached Image (click to enlarge)
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Dax only.
  • #46
  • Jun 2, 2017 12:17am Jun 2, 2017 12:17am
Quoting Tyross
An example with a false support, for the configuration in range explained in previous posts (34-37) A reliable support is a level clearly visible on the two higher time frame. Otherwise, the probability of success falls. For m1: a clear level on m5 and m15, easy to draw: everybody sees it. Dax, m1: {image} Look at these two charts on m5 and m15: the support m1 is almost invisible. m5 {image} m15 {image}
Very clear explanation on the false support
  • #47
  • Jun 2, 2017 2:55am Jun 2, 2017 2:55am
Quoting Tyross
{quote} Thanks Morrishe I have two problems with your charts: m5 is in range bar. It's impossible to trade on ichimoku with range bar because all your Kumo is wrong. And another BIG problem: where's chinkou? You can't trade without chinkou on ichimoku
Morning. The charts above on my thread are actually minute bar charts with a expert advisor range configeration running off the normal minute chart.
With the MT4 system there are two charts. The normal one that changes each minute and the offline chart which is run off expert advisor programming.
Chikou is current price action in the past 26 days, Thus by looking at price action now it will give you what the past 26 days is. Is the Price action currently above or below the candles 26 days ago. I just find the chart very busy and I tend to remove chikou.
  • #48
  • Jun 2, 2017 10:47am Jun 2, 2017 10:47am
Quoting tradepar
{quote} Somehow I cannot find it. Appreciate if you can provide the link where it can be purchased. Thanks.
The book seems available here : https://www.ichimokuacademy.com/livres-ichimoku/
Attached Image
  • #49
  • Jun 2, 2017 10:58am Jun 2, 2017 10:58am
Hi Tyross,

What kind of entry can we make in this type of graph/trend ?
Thanks for teaching us.
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  • #50
  • Jun 2, 2017 11:03am Jun 2, 2017 11:03am
Here an idea.
Valid ?
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  • #51
  • Jun 2, 2017 11:46am Jun 2, 2017 11:46am
Hi Pat

When the trend seems to be strong, look at a higher time frame....Why? Because when we have a strong movement on m15, there are big candles on h1. And the market hates brutality

Do you recognize the pattern ichimoku on h1?An enormous "reverse configuration". So, like you, i'll wait 1.8130-50.

GBP NZD H1

Attached Image (click to enlarge)
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Daily: hum.....supply and demand....

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Dax only.
  • #52
  • Jun 2, 2017 12:16pm Jun 2, 2017 12:16pm
A very simple method to avoid false kumobreaks: a break out of Senkou Span B, "SSB", (green line on the chart) by tenkan and price is a strong signal in ichimoku. But at this moment, look at the kumo 26 periods in future. On the chart, a buy signal (white circle), and green kumo. Without the right color of kumo, you must wait for a better timing, or search another trade.

2 possibilities:

*If price is near tenkan, and tenkan not far from kijun: entry.

*If price is far from tenkan and/or kijun, look at chinkou: is this example my entry was on price far from tenkan and kijun, with chinkou on a "support" (on a close of green candle, so the top of the candle is a support. The support is the bottom for a red candle....

Shame on me, it was a VERY good opportunity.... but i was afraid by the trend line and SSB m5

Dax m1

Attached Image (click to enlarge)
Click to Enlarge Name: dax kumo vert.PNG Size: 126 KB


I will explain this type of trading with many charts, because it needs more explanations and examples.
Dax only.
  • #53
  • Jun 2, 2017 1:12pm Jun 2, 2017 1:12pm
Try this particular ichimoku indi
You might find it interesting

https://www.mql5.com/en/articles/1469
This is not investment/trading advise. Will not hold accountable for loss
  • #54
  • Jun 2, 2017 1:19pm Jun 2, 2017 1:19pm
do you often change your ichimoku strategy to certain variation depending on the market situation?
If so, how far would you deviate from your strategy?

I mean market is a dynamic thing, so we should be dynamic and improvise the strategy.
So, how would you improvise it in a ever changing market structure?
This is not investment/trading advise. Will not hold accountable for loss
  • #55
  • Jun 2, 2017 1:28pm Jun 2, 2017 1:28pm
Quoting Tyross
The kumo breakout is strong but by price+TENKAN, not price alone. Look at the chart on W1: tenkan is above kijun. Price is alone. It's a very dangerous situation for a short on daily: for a good breakout, tenkan must near the price. It's a filter of false signal very reliable. {image}
Hi Tyross

Nice thread.

I don't understand your post " for a good breakout, tenkan must near the price."

Please could you elaborate with several examples in the past?

Have a great weekend

Thanks
This is not investment/trading advise. Will not hold accountable for loss
  • #56
  • Jun 2, 2017 3:10pm Jun 2, 2017 3:10pm
Quoting yousername
do you often change your ichimoku strategy to certain variation depending on the market situation? If so, how far would you deviate from your strategy? I mean market is a dynamic thing, so we should be dynamic and improvise the strategy. So, how would you improvise it in a ever changing market structure?
Hi Yousername

Very good question.

One of the main mistakes of the beginners is to use the same strategy on all phases of the market, all the time, everywhere.The majority of threads posted are illusory: they works only on trend. The market being very often in range, the losses occur quickly.

The great strength of ichimoku is to be able to clearly and quickly show the mutations of the price throughout the day. It is one of the only systems to be as responsive to change.

This is part of the basis of the ichimoku, it would take too long to explain the recognitions of market phases in ichimoku. But it is clear that there are two types of trading possible: on impulse, and on correction. It is very dangerous to apply the same strategy to both. Moreover, their criteria of recognition are opposed on ichimoku.

In impulse trading, indicated by the rules of ichimoku which define a trend, we prefer acceleration, breakout. On the contrary, in correction trading, we will look for pullback, return to equilibrium, and fewer points, but often. Both types of trading require different techniques.

We must not forget the type of financial asset, its personal rhythm. For example, the dax does not behave like eur-usd or usd-jpy. The time frame has an influence on technique, timing. There is much to be said. It will require examples, it will be clearer.

I will take the time to detail and specify the recognized phases, and the adapted techniques. I am in the process of detailing them.

Thank you very much for the article, I will read it this weekend.

You are welcome on the thread.
Dax only.
  • #57
  • Jun 2, 2017 4:48pm Jun 2, 2017 4:48pm
Quoting Tyross
Do you recognize the pattern ichimoku on h1?An enormous "reverse configuration". So, like you, i'll wait 1.8130-50. GBP NZD H1 {image} Daily: hum.....supply and demand.... {image}
Hi Tyross

Thank you to open my eyes
  • #58
  • Jun 2, 2017 11:33pm Jun 2, 2017 11:33pm
For those learning about Ichimoku see http://www.ichimokutrade.com/article...moku_Ebook.pdf
  • #59
  • Jun 3, 2017 2:15am Jun 3, 2017 2:15am
Quoting morrishe
For those learning about Ichimoku see http://www.ichimokutrade.com/article...moku_Ebook.pdf
Thanks Morrishe! It's a good Ebook for basics, clear and simple. The link is now at the first post of the thread
Dax only.
  • #60
  • Jun 3, 2017 2:51am Jun 3, 2017 2:51am
Quoting Tyross
{quote} ... There is much to be said. It will require examples, it will be clearer. I will take the time to detail and specify the recognized phases, and the adapted techniques. I am in the process of detailing them. .....
Nice to ear you with some examples
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