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Ichimoku and price action

  • #101
  • Jun 6, 2017 10:31am Jun 6, 2017 10:31am
Quoting morrishe
Tyross. Thanks - The higher time frame is too look for Support / Resistance and Chikou and the lower time frame to enter the market.
The higher time frame:

*the trend? Range?
*support-resistance.
*chinkou: if chinkou is very close to a previous low/high of market: we have often a pullback in this case.

The lower Time frame:

*entry on trend.
*optimization of entry
*scalping, or counter-trend trade.



*
Dax only.
  • #102
  • Jun 6, 2017 10:44am Jun 6, 2017 10:44am
Quoting Tyross
{quote} A little trade, with respect of this method of " power of chinkou"...., chinkou is very powerfull. {image}
Very good trade Tyross

Did you see and did you take into consideration the Hidden bullish divergence ? This one give "power" to the price to go up
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  • #103
  • Jun 6, 2017 11:35am Jun 6, 2017 11:35am
Quoting PatBlue
{quote} Very good trade Tyross Did you see and did you take into consideration the Hidden bullish divergence ? This one give "power" to the price to go up {image}
Thanks Pat

I see them, it is an interesting indication indeed. This stochastic is not my invention, it is very relevant because smoothed. His divergences are rather reliable.
Dax only.
  • #104
  • Jun 6, 2017 12:07pm Jun 6, 2017 12:07pm
I give you a trick of scalping: the sma channel 5 High-low. I use it every day in scalping. I removed tenkan and kijun for more clarity on the chart for you.

With ichimoku configurations I have explained, a closure is expected outside the channel in the direction defined by ichimoku. The stop is ultra-short.

It is a precious help to cut the losing trades very quickly. On the other hand it is necessary to have at first well defined the direction of trade by ichimoku.

The big problem with scalping is to cut losses very quickly with a clear and objective method.

Do not forget: the boss is ichimoku, it allows the diagnosis of the price.

Dax, m1:

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Dax only.
  • #105
  • Jun 6, 2017 1:09pm Jun 6, 2017 1:09pm
Hi Tyross- I have been experimenting with the Ichimoku and I have been amazed at how accurate it has been and even on the M1

At first while paper trading the indi-- I was very skeptical and had much trouble trusting it when it would give me a valid signal. It will take me some time to trust the set ups. but I must say its one of the best indis I have tested so far. thanks again for the info on the Ichimoku. great thread
Live today like theres no tomorrow-- Prioritize like you will die today
  • #106
  • Edited 2:10pm Jun 6, 2017 1:59pm | Edited 2:10pm
Another analyse (no trade) :

*/ GA - M15 : identification of the M15 "full bearish Ichimoku"
*/ wait for a retracement
*/ GA - M5 : entry when price break tenkan and kijun
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  • #107
  • Jun 6, 2017 2:32pm Jun 6, 2017 2:32pm
Quoting Tyross
I give you a trick of scalping: the sma channel 5 High-low. .... Do not forget: the boss is ichimoku, it allows the diagnosis of the price. Dax, m1: {image}
Thanks for sharing, Tyross

I'm a fan of hidden div. The boss is Ichimoku, it's clear, but this give additional view
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  • #108
  • Jun 6, 2017 2:33pm Jun 6, 2017 2:33pm
Quoting iamsovereign
Hi Tyross- I have been experimenting with the Ichimoku and I have been amazed at how accurate it has been and even on the M1 At first while paper trading the indi-- I was very skeptical and had much trouble trusting it when it would give me a valid signal. It will take me some time to trust the set ups. but I must say its one of the best indis I have tested so far. thanks again for the info on the Ichimoku. great thread
Hi, mate

Thank you very much!

At my beginning in ichimoku, I did not understand this system. I found it beautiful to look at, but impossible to use. Like the vast majority of people, chinkou seemed totally useless. However without it, the system does not give the right information.

Chinkou is the key to ichimoku. Especially on very small time frame for scalping.

The thread is just beginning...
Dax only.
  • #109
  • Jun 6, 2017 2:36pm Jun 6, 2017 2:36pm
Quoting PatBlue
{quote} Thanks for sharing, Tyross I'm a fan of hidden div. The boss is Ichimoku, it's clear, but this give additional view {image}
...sma 5 channel works very well on hidden div, with a trend validated by ichumoku....
Dax only.
  • #110
  • Jun 6, 2017 2:41pm Jun 6, 2017 2:41pm
Quoting PatBlue
Another analyse (no trade) : */ GA - M15 : identification of the M15 "full bearish Ichimoku" */ wait for a retracement */ GA - M5 : entry when price break tenkan and kijun {image} {image} {image}
You have very well understood the mechanism of entries on ichimoku.Bravo!

PS: stochastic is : 8 periods - 5, and 3 for signal.
Dax only.
  • #111
  • Jun 6, 2017 2:46pm Jun 6, 2017 2:46pm
Quoting Tyross
{quote} You have very well understood the mechanism of entries on ichimoku.Bravo! PS: stochastic is : 8 periods - 5, and 3 for signal.
Thanks Tyross, It's thanks to you
  • #112
  • Edited Jun 8, 2017 1:45am Jun 7, 2017 10:58am | Edited Jun 8, 2017 1:45am
Ichimoku on small time frame.

Method:

1-trend validated by ichimoku (rules: post 1).
2-The good entries are identified according to the position of chinkou.

I posted my results to show you the speed of trading on small time frame. The number of points on the graf is never the right one, it is that of the notebook. (I hate to post my results, because it attracts opportunists who do not want to learn anything, just make money easy. In the past I often had to answer their stupid questions, they waste my time ...) .

It is very interesting to divide your position in 2,3, 4 smallest positions ... to keep the same final risk. I do it most of the time. It's less stressful.

NB: as i explained in previous posts, when chinkou is near a high of market (in a down trend), we often have a pullback of the current price towards kijun. It's a very good entry.

dax, m1

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Dax only.
  • #113
  • Edited 11:52am Jun 7, 2017 11:41am | Edited 11:52am
Analyse (no trade)
Great ichimoku
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  • #114
  • Jun 7, 2017 12:09pm Jun 7, 2017 12:09pm
Quoting Tyross
Ichimoku on small time frame.
Thanks for sharing Tyssos
Can you please confirm that you have take this short because chinkou hit and bounce the price ? And because in addition you have a price div (you had tech us on this pattern
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  • #115
  • Jun 7, 2017 2:05pm Jun 7, 2017 2:05pm
Quoting PatBlue
{quote} Thanks for sharing Tyssos Can you please confirm that you have take this short because chinkou hit and bounce the price ? And because in addition you have a price div (you had tech us on this pattern {image}
Hi Pat

Yes, that's why i posted these trades: Chinkou gave me the best entries. I won't post all my trades (and sometimes, i lose money....it's not magic, only probabilities), but this chart is a good example to understand: Trend validated, and chinkou do is job, pullback towards kijun. Perfect.


There was a div, in addition
Dax only.
  • #116
  • Jun 7, 2017 2:28pm Jun 7, 2017 2:28pm
Quoting Tyross
{quote} Hi Pat Yes, that's why i posted these trades: Chinkou gave me the best entries. I won't post all my trades (and sometimes, i lose money....it's not magic, only probabilities), but this chart is a good example to understand: Trend validated, and chinkou do is job, pullback towards kijun. Perfect. There was a div, in addition
Tanks Tyross for these confirmations
... with div I had seen but I did not speak
  • #117
  • Jun 8, 2017 1:38pm Jun 8, 2017 1:38pm
Analyse (no trade)
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  • #118
  • Jun 8, 2017 1:47pm Jun 8, 2017 1:47pm
Hi Tyross

Is that two good examples of "sequence pattern" ?
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  • #119
  • Jun 8, 2017 3:04pm Jun 8, 2017 3:04pm
Quoting PatBlue
Hi Tyross Is that two good examples of "sequence pattern" ? {image}
Hi Pat

You're really a good student...

This is exactly the situation. These are very powerful configurations, especially in range, with a stochastic signal in oversold or overbought, and a candlestick pattern.

I'll show you something, as you understood. It will be in the next post.
Dax only.
  • #120
  • Edited 3:38pm Jun 8, 2017 3:25pm | Edited 3:38pm
On the chart:

*price m5 and chinkou: m5.

*Kumo, SSB and kijun: m15

Methodology: if kijun m15 is above SSB m15, wwill only buy USD-JPY thanks to "the sequence pattern" m5, stochastic, and candle pattern


USD-JPY M5:

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The farther the price m5 is from tenkan m15, the stronger the return signal to tenkan m15 and kijun m5.

In ichimoku, a prize can never stay away from tenkan. This is called an overbought (if the price is too high) or an oversold (if the price is too much below). Stochastic also goes into oversold or overbought. The price is then saturated in m5. And there is a return effect.

This avoids a lot of counter-trend, and allows to realize intraday trading very performing, with a clear sense of trading.

dax: price and chinkou : m1/ kijun-SSB-Kumo: m5

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Dax only.
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