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Ichimoku and price action

  • #61
  • Edited 3:39am Jun 3, 2017 3:20am | Edited 3:39am
The question of Yousername was very important. It's impossible to apply the same strategy for all conditions. As a doctor (i was a doctor during 17 years...): the doctor makes his diagnosis to adapt his medical treatment.

To make a good diagnosis, you need reliable informations, always the same to be able to compare them and oppose them.

Ichimoku has strict rules that oppose or cumulate. It is a clear tool.

On this example, GBP NZD, on m15, we make your diagnosis:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd m15 trategy a adopter pour trend.PNG Size: 135 KB


GBP-NZD: entry on m5 with respect of rules of ichimoku (stoploss, TP, entry):

Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd entree en m5.PNG Size: 107 KB


GBP-NZD: entry on m1, more difficult. So stochastic (8-5-3) is a very good tool as a filter. Ratio is not better than m2:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd entrée en m1.PNG Size: 141 KB




GBP-NZD entry on m2 (very good time frame on ichimoku):

Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd entrée m2.PNG Size: 114 KB
Dax only.
  • #62
  • Jun 3, 2017 4:03am Jun 3, 2017 4:03am
ENTRY IN TREND : the power of chinkou.

Whenever chinkou passes under a market peak, there is pullback to kijun. The huge advantage: we can plan a future trend entry on a predictable pullback. Just spot the market peaks, and wait for chinkou to approach it. Chinkou is the major tool of the ichimoku. (This type of trading is impossible without chinkou on the chart, Morrishe....you understand now, my friend ? )

GBP-NZD m2, examples:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd m2 pullback sur chinkou pic.PNG Size: 114 KB
Dax only.
  • #63
  • Jun 3, 2017 4:10am Jun 3, 2017 4:10am
Quoting Tyross
The breakout: when, how ? Two situations on ichimoku: 1- Breakout with a big candle without wick (or very little), and tenkan is not flat : entry. 2-Breakout with wick, or little candle: we wait the breakout of resistance by tenkan, and pullback. It is the case on the chart. The price should never be too long away from tenkan, otherwise there will be a pullback. Important: for m1, we always look on m5 and m15 the main trend. Don't take breakout against the trend on m5 and m15 because it's often a corrective movement only. eur aud , m1 {image}
Hi Tyros

Thank you for providing this example.
I have couple of questions to this example
In that particular entry point.
1. Do you take account the current or future +26 cloud?
In the example, the current cloud is bearish(red) but the future is green.

2. Which is more important, future or current kumo cloud or both?

Thank you
This is not investment/trading advise. Will not hold accountable for loss
  • #64
  • Jun 3, 2017 4:23am Jun 3, 2017 4:23am
Quoting yousername
{quote} Hi Tyros Thank you for providing this example. I have couple of questions to this example In that particular entry point. 1. Do you take account the current or future +26 cloud? In the example, the current cloud is bearish(red) but the future is green. 2. Which is more important, future or current cloud? Thank you
Hi Yousername

The current cloud is a support/resistant: the current cloud....it's the past in fact.

The future cloud show us the "momentum on ichimoku". When SSA (senkou Span A) is under SSB (Senkou Span B), the middle point of tenkan/kijun momentum is under the middle point of the last 52 periods. So, it's red. It's a confirmation of the trend on ichimoku.

But there's another very important thing with future Kumo: The broader it is, the more the market is pushed to its extremes: the momentum accelerates very strongly, and very often we are witnessing a pullback, or a phase of range.

It's an alert.
Dax only.
  • #65
  • Jun 3, 2017 4:36am Jun 3, 2017 4:36am
Quoting Tyross
The question of Yousername was very important. It's impossible to apply the same strategy for all conditions. As a doctor (i was a doctor during 17 years...): the doctor makes his diagnosis to adapt his medical treatment. To make a good diagnosis, you need reliable informations, always the same to be able to compare them and oppose them. Ichimoku has strict rules that oppose or cumulate. It is a clear tool. On this example, GBP NZD, on m15, we make your diagnosis: {image} GBP-NZD: entry on m5 with respect of rules of ichimoku (stoploss, TP, entry):...
Yeah i totally agree with you.
The stochastic example is very cool
I can see that is a hidden bearish divergence.
The current green kumo in that particular example can be set as a S/R. And the size of that kumo is miniscule and shorter compare to the previous bearish kumo cloud.

Thank you for these examples. I will read more when im home
This is not investment/trading advise. Will not hold accountable for loss
  • #66
  • Jun 3, 2017 4:37am Jun 3, 2017 4:37am
Quoting Tyross
{quote} Hi Yousername The current cloud is a support/resistant: the current cloud....it's the past in fact. The future cloud show us the "momentum on ichimoku". When SSA (senkou Span A) is under SSB (Senkou Span B), the middle point of tenkan/kijun momentum is under the middle point of the last 52 periods. So, it's red. It's a confirmation of the trend on ichimoku. But there's another very important thing with future Kumo: The broader it is, the more the market is pushed to its extremes: the momentum accelerates very strongly, and very...
Thanks mate for the clarification.
This is golden.

I trade using momentum and i think the kumo future cloud is a reliable momentum tool. And the current kumo cloud is a great way to identify short term S/R
This is not investment/trading advise. Will not hold accountable for loss
  • #67
  • Edited 4:54am Jun 3, 2017 4:43am | Edited 4:54am
Yousername, you have understood everything. The problem with ichimoku is the teaching that is done to him. Traders do not understand the information shown.



I leave you, there is enough to read for now

One very important thing: understand the calculation of each element of ichimoku, otherwise it is useless to continue on this system. The first post ebook is excellent for this learning.

Bye

"I'll be back" ..... I've heard it somewhere ...
Dax only.
  • #68
  • Jun 3, 2017 5:56am Jun 3, 2017 5:56am
Hi Tyross. Nice thread you have opened! I looked at Ichimoku in the past but I've never been able to trade it profitably. I always thought it would be relegated to high TF's only (which has never been my cup of tea as I don't have enough patience for trades to develop). So, would you definitely recommend both books by Khalid El Bouzidi? Although only the first one is available in English, I'm sure my school French would allow me to handle the 2nd one with some ease (I used to be quite good at that language...)
  • #69
  • Jun 3, 2017 7:36am Jun 3, 2017 7:36am
I want to share little bit of the past
A fail signal which is important to master and to identify for the sake of our ass
As seen in the screenshot

A1 we had a weak bearish tenkan and kijun cross.
Followed with a break below the cloud with a strong bearish candle (B1) + a kumo bear cross (C1) which indicated a strong signal.
HOWEVER the volume indicator or tick indicator said otherwise.
I plot an excel chart to know the trend line of the volume.
There is a downward trend in the volume of that particular bearish leg (highlighted with red trend line+downward slope). That mean there's a descending demand in that particular bearish leg. Which also mean that strong signal kumo cross + the previous tenkan/kijun cross are a bear trap.
Furthermore notice when we look to the left, we had a sharp S/R in the kijun which can be use as an S/R.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled4.png Size: 72 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #70
  • Jun 3, 2017 10:25am Jun 3, 2017 10:25am
Ichimoku and price action? Sounds great! Subscribe!
thanks for sharing mate.
Ngono yo ngono, neng ojo ngono - Unknown
  • #71
  • Jun 3, 2017 2:18pm Jun 3, 2017 2:18pm
Quoting Mboksapi
Ichimoku and price action? Sounds great! Subscribe! thanks for sharing mate.
Thanks Mboksapi

Welcome on the thread
Dax only.
  • #72
  • Jun 3, 2017 2:35pm Jun 3, 2017 2:35pm
Quoting yousername
I want to share little bit of the past A fail signal which is important to master and to identify for the sake of our ass As seen in the screenshot A1 we had a weak bearish tenkan and kijun cross. Followed with a break below the cloud with a strong bearish candle (B1) + a kumo bear cross (C1) which indicated a strong signal. HOWEVER the volume indicator or tick indicator said otherwise. I plot an excel chart to know the trend line of the volume. There is a downward trend in the volume of that particular bearish leg (highlighted with red trend line+downward...
A perfect chart for a very tricky situation.

Your observation on the volumes is the method of a famous French trader, specialist in ichimoku, Patrick Riguet, who makes superb market reviews on Youtube (in French ...), he has a dedicated website very well done: http://www.ichimoku-kinko-hyo.info/

This situation will enable me to describe a very powerful ichimoku pattern, which Khalid El Bouzidi has described in his second book, which Patrick Riguet also uses. An unavoidable pattern that avoids many traps.
Dax only.
  • #73
  • Jun 3, 2017 2:53pm Jun 3, 2017 2:53pm
Quoting 4fxonly
Hi Tyross. Nice thread you have opened! I looked at Ichimoku in the past but I've never been able to trade it profitably. I always thought it would be relegated to high TF's only (which has never been my cup of tea as I don't have enough patience for trades to develop). So, would you definitely recommend both books by Khalid El Bouzidi? Although only the first one is available in English, I'm sure my school French would allow me to handle the 2nd one with some ease (I used to be quite good at that language...)
Hi 4fxonly You're welcome !

I read a lot about ichimoku. The two books of khali are a different look, very precise, and with many tricks very useful to finally make use of this very powerful system.

The second book is not yet in English. The subject: Trading Range with ichimoku.

If your experimental French allows you to read it, you will learn a lot.

The second book of Khalid:

Attached Image
Dax only.
  • #74
  • Edited 3:32pm Jun 3, 2017 3:04pm | Edited 3:32pm
Quoting yousername
I want to share little bit of the past A fail signal which is important to master and to identify for the sake of our ass As seen in the screenshot A1 we had a weak bearish tenkan and kijun cross. Followed with a break below the cloud with a strong bearish candle (B1) + a kumo bear cross (C1) which indicated a strong signal. HOWEVER the volume indicator or tick indicator said otherwise. I plot an excel chart to know the trend line of the volume. There is a downward trend in the volume of that particular bearish leg (highlighted with red trend line+downward...
On this chart, everything tells us that it is a trap. And ichimoku alerts us in different ways. Nothing is good to take a short trade. And the volumes also show that no one believes either.

If one were to look at only one thing: chinkou remained above the kumo. Chinkou must be under the kumo to validate a change of trend. This is a strict rule of ichimoku.

AUD-USD H1:

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd chinkou au dessus kumo.PNG Size: 123 KB


This morning, I teached you about how to enter on a trend with a smaller time frame:

m15: impossible.

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd m15 no break.PNG Size: 135 KB


Even in one minute it was impossible thanks to the kumo. We could not make a mistake if we knew the rules of the game in ichimoku:

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd m1 pas de trade.PNG Size: 143 KB




Ichimoku alerts us (I will describe each of his alerts so that you understand them well) :

AUD USD H1:

Attached Image (click to enlarge)
Click to Enlarge Name: aud usd indices du piège.PNG Size: 132 KB
Dax only.
  • #75
  • Jun 3, 2017 4:18pm Jun 3, 2017 4:18pm
Hi Tyross

Many thanks for your patience and the sharing of your knowledge.
We are at the right place to learn ichimoku
  • #76
  • Jun 3, 2017 8:06pm Jun 3, 2017 8:06pm
Hello,

Thank you for this thread, so interesting...

Where can i Find a link to purchase Khalid El Bouzidi book in english? I searched and searched but dont find the link.

Thanks in advance.
Keeping It Gangsta
  • #77
  • Jun 4, 2017 2:30am Jun 4, 2017 2:30am
NZDUSD Daily.
Tyross, any weakness you could identify on this bullish Kumo breakout please?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0104.PNG Size: 209 KB
I used to be indecisive but now I'm not so sure...
  • #78
  • Jun 4, 2017 2:47am Jun 4, 2017 2:47am
Quoting KhaosTrader
Hello, Thank you for this thread, so interesting... Where can i Find a link to purchase Khalid El Bouzidi book in english? I searched and searched but dont find the link. Thanks in advance.
Hello mate. Both the 1st and 2nd book can be purchased here As you can see, only the 1st one is in English and I just got confirmed that there won't be an English translation for the 2nd one. I suggest you to contact them to make sure they ship to your country (by the way, they do to the UK). An alternative option only for the 1st book in English is on Amazon.fr here
I hope that helps.
  • #79
  • Jun 4, 2017 3:36am Jun 4, 2017 3:36am
Hi

I will not have much time today, sorry. Thanks for the motivation of the participants, it is also very motivating for me. There are many things yet to be described, but always with the same tools, the same benchmarks, only by comparing them to one another.

Ichimoku does not give himself easily, but generously rewards those who have made efforts.

See you later
Dax only.
  • #80
  • Jun 4, 2017 3:55am Jun 4, 2017 3:55am
Quoting Filipo1
NZDUSD Daily. Tyross, any weakness you could identify on this bullish Kumo breakout please? {image}
If I may answer, yes it's a strong breakout on the daily TF. We had a weak bullish kijun+tenkan cross but the price able to broke above the cloud and the ciku span able to break above it as well We have the ciku above the cloud. Furthermore the future of the kumo cloud is green and expanding (increasing in momentum).

I expect the price touches the S/R highlighted in red circle

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD D1.png Size: 40 KB


In the weekly the price is still inside the cloud and not yet had a break out above.
Expect that red circle in the screenshot below, as a S/R
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD W1.png Size: 21 KB


Maybe any one can add something else
This is not investment/trading advise. Will not hold accountable for loss
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