DislikedHello, 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.Ignored
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- #83
- Edited 6:09am Jun 5, 2017 5:50am | Edited 6:09am
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: {image}
GBP-CAD: m5: breakout, and clear support. I want to take a buy trade, but when? ..... SSB m15 is the Take profit, but i need a very good entry for these 10 pips.
Just one solution: a perfect timing....hum. Chinkou!!! HELP!!!Show me the best entry area!!!!
gbp cad m5 (diagnosis of breakout and support):
Gbp Cad m1 (entry):
If you do not know when to get into position, you have to spot the low and high market, and wait for the pullback of the price at the chinkou passage on the zone area marked. This is valid for all time frames. And very reliable with smaller drawdown after entry.
Dax, m1: example (no trade)- For scalping on dax, chinkou is very powerfull.
Dax only.
{quote} A little trade, with respect of this method of " power of chinkou". GBP-CAD: m5: breakout, and clear support. I want to take a buy trade, but when? ..... SSB m15 is the Take profit, but i need a very good entry for these 10 pips. Just one solution: a perfect timing....hum. Chinkou!!! HELP!!!Show me the best entry area!!!!
{quote} Ooh .... The Price makes pullback with chikou in front of a low Price !? Is this the rules ? Oh oh
Example: Bullish trend validated on Daily: 22-03-2017
Possible excellent entry H4: 29-3-2017 (chinkou was very close to a low of market, and we saw a pullback). Each Low of market is a potential entry on pullback when chinkou approaches it. Sometimes nothing happens, the price does not join tenkan nor kijun and continues its way. It's not magic, but very reliable anyway.
That means: when a daily trend is validated, we have multiple entry possibilities on predictable area several days in advance sometimes ... as in this chart h4.
To summarize: we locate validated trends in daily, and identify the future H4 entries thanks to chinkou. We plan our trading very long in advance in swing.
Gbp-nzd Daily:
H4:
Dax only.
Yes Morrishe
On a bull trend, to optimize your entry, you enter on pullbacks. That's trading.
With ichimoku and chinkou, you can anticipate these pullbacks:Most often they occur when chinkou approaches near a low of market area.
So there is no surprise: this pullback is planned in advance.
On a bull trend, to optimize your entry, you enter on pullbacks. That's trading.
With ichimoku and chinkou, you can anticipate these pullbacks:Most often they occur when chinkou approaches near a low of market area.
So there is no surprise: this pullback is planned in advance.
Dax only.
Tyros,
Thanks for your great thread...
So basically Chikou is a current price showing 26 bars ago. Ichimoku time theory 26 periods is important, so as we get a massive gap between current and past price, we look to buy at fair value, which is at Kijun. So, question is, do you buy at the hit of Kijun, or do you wait for price action to state that it will bounce there?
Thanks for your great thread...
So basically Chikou is a current price showing 26 bars ago. Ichimoku time theory 26 periods is important, so as we get a massive gap between current and past price, we look to buy at fair value, which is at Kijun. So, question is, do you buy at the hit of Kijun, or do you wait for price action to state that it will bounce there?
Yes Morrishe
Keeping It Gangsta
- #97
- Jun 6, 2017 3:20am Jun 6, 2017 3:20am
- Joined Nov 2013 | Status: Trader | 1,192 Posts
I used to be indecisive but now I'm not so sure...
I had a scenario on the previous post, ichimoku did not validate it, and never gave any entry.
On the chart, bullish trend validated in m1.
First trade: counter-trade m1: I sold the resistance (as explained), and I entered the trend afterwards (as also explained).
I noticed the take profit.
... it goes very quickly in m1 with the dax ... so be careful. On the other hand the dax reacts very well to the ichimoku. Very accurate on kijun.
Dax m1:
On the chart, bullish trend validated in m1.
First trade: counter-trade m1: I sold the resistance (as explained), and I entered the trend afterwards (as also explained).
I noticed the take profit.
... it goes very quickly in m1 with the dax ... so be careful. On the other hand the dax reacts very well to the ichimoku. Very accurate on kijun.
Dax m1:
Dax only.
- #100
- Jun 6, 2017 10:28am Jun 6, 2017 10:28am
- Joined Nov 2013 | Status: Trader | 1,192 Posts
I used to be indecisive but now I'm not so sure...