I have my own trading system, but I want to add ichimoku in my arsenal. I don't know if I will use this instrument or not but I definitely want to know more about it.
Thanks for a thread. Subscribed
Thanks for a thread. Subscribed
I have my own trading system, but I want to add ichimoku in my arsenal. I don't know if I will use this instrument or not but I definitely want to know more about it. Thanks for a thread. Subscribed
Thanks!
The post 138 is very important. It's the hearth of ichimoku, easy to understand. And we always trade in the trend with this configuration, on price action. It may be a simple and usefull tool
You're welcome
Dax only.
A very useful feature: the times frame separated by a multiplier coefficient 3: tenkan of the big time frame and kijun of the small are almost identical.
When looking at a chart m15, the tenkan m15 shows us kijun m5.
When looking at a chart m5, the kijun m5 shows us tenkan m15.
A pullback m15 towards tenkan, in trend, it is a pullback towards kijun m5 ....
That's why for intraday trading, m5-m15 are very interesting. Because they are in close relationship.
Any excess against tenkan or kijun is corrected. So we can identify, from a single chart, an excess present, at the same time, over two time frames. So, the probabilty of a correction is strong...
The chart is not isolated from each other ...
USD jpy, m5: tenkan m15 et kijun m5
USD JPY, m5, excess of price corrected:
USD JPY H1, pink: tenkan h3, blue: kijun h1
When looking at a chart m15, the tenkan m15 shows us kijun m5.
When looking at a chart m5, the kijun m5 shows us tenkan m15.
A pullback m15 towards tenkan, in trend, it is a pullback towards kijun m5 ....
That's why for intraday trading, m5-m15 are very interesting. Because they are in close relationship.
Any excess against tenkan or kijun is corrected. So we can identify, from a single chart, an excess present, at the same time, over two time frames. So, the probabilty of a correction is strong...
The chart is not isolated from each other ...
USD jpy, m5: tenkan m15 et kijun m5
USD JPY, m5, excess of price corrected:
USD JPY H1, pink: tenkan h3, blue: kijun h1
Dax only.
- #150
- Edited 11:41pm Jun 11, 2017 11:15pm | Edited 11:41pm
- Joined Jan 2014 | Status: I think I'm getting the hang of it. | 253 Posts
Based on what I've learned so far from Tyross I saw some possible setup on EUR/AUD and EUR/CAD. There seems to be a gap between price and kijun-sen and stoch is at oversold area. This was what Tyross called excess of price and we could possibly see a return of price to the kijun-sen. This setup though is on H4 TF. What would be your thoughts on this Tyross and PatBlue as well.
Edit.
I forgot to put this one up. There is a contrasting signal from stoch on these two pairs. Oversold on H4 and overbought on H1. What to do in these kinds of times? Should we go for the higher TF?
EUR/AUD H4
H1
EUR/CAD H4
H1
Edit.
I forgot to put this one up. There is a contrasting signal from stoch on these two pairs. Oversold on H4 and overbought on H1. What to do in these kinds of times? Should we go for the higher TF?
EUR/AUD H4
H1
EUR/CAD H4
H1
Patience and Discipline, these are the Holy Grail.
- #151
- Jun 12, 2017 12:26am Jun 12, 2017 12:26am
Subscribed.
And PatBlue I'd like to ask you something. Where did you get your Ichimoku indicator? I like it much better than the default on MT4. The cloud looks really good and clear. It doesn't seem to clutter the chart a little bit. I'd like to use that as well. Thanks.
It's the standard indi
Subscribed. I can't explain what happened over the weekend but the boredom of not being able to trade lead me to wander and find something interesting to do here on FF and I found this thread by accident and it really caught my interest right away. The 8 pages of the thread made me understood Ichimoku finally and I couldn't believe it isn't that complicated. I've actually tried it once back then but thought it was complicated but this thread made me realize it's not. I'm learning a lot and I will be here for the ride to learn more. I've already...
These first 8 pages contain many different things. They will serve us in the future. For now we will apply these rules and tricks, and you will see that ichimoku is not complicated.
We get used to it very quickly.
Dax only.
Based on what I've learned so far from Tyross I saw some possible setup on EUR/AUD and EUR/CAD. There seems to be a gap between price and kijun-sen and stoch is at oversold area. This was what Tyross called excess of price and we could possibly see a return of price to the kijun-sen. This setup though is on H4 TF. What would be your thoughts on this Tyross and PatBlue as well. Edit. I forgot to put this one up. There is a contrasting signal from stoch on these two pairs. Oversold on H4 and overbought on H1. What to do in these kinds of times? Should...
eUR AUD H4
H4: diagnosis:
*Bias: Kijun Under SSB: bearish.
*Where's tenkan: far from kijun? Or not?------Far from kijun.
*Slope of kijun: Flat.
*Slope of Future SSB: Flat.
*Chinkou: far from price (26 periods previous) and Under a previous high of market.
*Price action: is there a level on support and resistance immediatly?-----Yes: price on support.
Conclusion of H4:
1-bearish.
2-excess of price.
3-support
Probable scenario:
1-bullish correction towards kijun OR previous resistance.
2-it's a trade against the trend H4.
What time frame to trade this correction?
1-Very little for a very good entry.
2-H1? No.
3-M30? Possible.
4-m15? Yes.
"Hey Tyross....you forget the stochastic!"
We trade with ichimoku, stochastic will be the last signal....on m15.
Next post: the charts eur aud
Dax only.
- #155
- Edited 1:49pm Jun 12, 2017 4:07am | Edited 1:49pm
So, i want to trade this correction h4. A counter trend trade.
Is there any clear entry on H1 with ichimoku?
----No: Bias bearish on H1 (kijun Under ssb)
---Methodology: we want a buy entry. So, we must have a bullish bias on the time frame of entry....logical.
And...the stochastic...? No entry on stochastic, too high.
Is there any clear entry on H1 with ichimoku?
----No: Bias bearish on H1 (kijun Under ssb)
---Methodology: we want a buy entry. So, we must have a bullish bias on the time frame of entry....logical.
And...the stochastic...? No entry on stochastic, too high.
Dax only.
Based on what I've learned so far from Tyross I saw some possible setup on EUR/AUD and EUR/CAD. There seems to be a gap between price and kijun-sen and stoch is at oversold area. This was what Tyross called excess of price and we could possibly see a return of price to the kijun-sen. This setup though is on H4 TF. What would be your thoughts on this Tyross and PatBlue as well. Edit. I forgot to put this one up. There is a contrasting signal from stoch on these two pairs. Oversold on H4 and overbought on H1. What to do in these kinds of times? Should...
As you can see, Marcnathan88, You have find two excellent trades with very good ratio, and clear methodology.
EUR CAD: H4-m15-m2
Dax only.
- #159
- Jun 12, 2017 11:29am Jun 12, 2017 11:29am
M15? Yes, very clear. No problem, entry on pin bar m15. For a very short stoploss: m2----entry when closure above tenkan (the bias m2 is not important at this moment, we are in excess of price m15, it's bullish, m2 is in a corrective movement). Good ratio for a little trade
- #160
- Jun 12, 2017 11:39am Jun 12, 2017 11:39am
{quote} And for eur cad, the same methodology, with the same entries. As you can see, Marcnathan88, You have find two excellent trades with very good ratio, and clear methodology.
Myself, I like also the second entry (see entry in blue line) because :
- M2 :
- price break tenkan and kijun
- retracement with pattern sequence
- tenkan below kijun
- hidden div
- M15 :
- Ichi bull
- tenkan > kijun
What do you think about that Tyross ?
