Ichimoku discussion thread

[tcoates]

arco,

can I ask what was your entry/exit (or method) was?

see http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies#Kijun_Sen_Cross

I have just coded this system for Amibroker (couldn't be bother searching/downloading from any web site) and wanted to compare your trade with the systems posted on the above page.

Thanks
Tim

 

[arco]

Hi tcoates

These were my considerations.............

TS/KS X

Kumo Break/Kumo re-test

Chikou break

Bullish Kumo (ahead)

Entry - green dotted line

Exit planned circa grey boxed area - (old thick Kumo)



rgds - arco

 

[white_goodman]

i really need to up my recreational drug dosage...


"The man has only one look, for Christ's sake! Blue Steel? Ferrari? Le Tigra? They're the same face! Doesn't anybody notice this? I feel like I'm taking crazy pills! I invented the piano key necktie, I invented it! What have you done, Derek? You've done nothing! NOTHIIIING!"

 

[arco]

WG

I find red wine works a treat for me

Amazing how easy it is to trade.................

 

[arco]

The original Ichimokau


http://video.aol.com/video-detail/th...cow/1636125223

Amazing support an resistance lines

 

[CanOz]

This past week the currency action pulled back and then advanced again, producing a huge list of Ichimoku signals on the daily's. I'll pick out a few to watch this coming week. Will we see a resumption of the trends or are we in for more consolidation?

Obviously some signals are doubled up in the reverse pair.

Cheers,

CanOz

 

[bigmal2000]

.

Scalp trade on the 5m Yen. just completed


(Not a pair I trade much.......but was good for a quick +40 pips)

rgds - arco

Using Ichimoku.
Hi Arco,
1) Which time period do you get the best net profits please?
For example is it 5 minute or 15 minute or daily etc?
2)Is there a particular signal you use such as the position of Chico Span, or the crossing of the Tenken lines etc .
Thank you . bigmal2000

 

[cashflow_08]

Hello ,

I'd like to say big thanks to kingie and arco. Ichimoku is one powerful tool if you know how to use it and the link posted on the first post of this thread is one of the best explanation to be found.
I;ll try to have a look to have a refresher course on it.

Thanks again,
C_flow

 

[Andruha]

Hello ,

I'd like to say big thanks to kingie and arco. Ichimoku is one powerful tool if you know how to use it and the link posted on the first post of this thread is one of the best explanation to be found.
I;ll try to have a look to have a refresher course on it.

Thanks again,
C_flow

+1 :

I did not know much about Ichimoku until I read this thread. Some good links on the first page! I actually traded it this morning (see image attached). So far +40 pips at half position closed and still looking at gaining another 30 on the rest that is hanging - all the indicators are still intact.

I did have a losing trade too. Although yen showed TS/KS X with aligning Kumo and Chikou span early in the morning, I got whipsawed for -17 pips.

I'll keep implementing...see what happens.

 

[arco]

Andruha

If you can cope with a longer TF it works very well on those also

for example here on Yen weekly

 

[arco]

.
Hourly can be good when you get it right .

From memory I think I took about 170 pips on this one.

 

[Andruha]

Arco,

Some good trades there man! NZDCAD is a recent trade I see...Very nice - I like!

I've sort of realised that the longer time frames are more favourable for Ichi. But then again. Attached is the trade I took last nite on EURGBP. Everything aligned for me and I took the position once previous Chikou span level was violated (dashed yellow line). However was not to be...got stopped out with some loss.

Arco, how do you find the opportunities like NZDCAD? Do you just free roam around the pairs until you see what you like. Coz currently I'm looking at 1H charts for 6 pairs and it has been dead here for couple of days now...

 

[Andruha]

How about this one for EUR/GBP. Just broke yesterday's chikou span on M30 so I entered short 1 lot at 0.9076. Target 1 at monthly PP at .9048. SL @ 0.9095.

1H also shows some bearish momentum with kumo sentiment being on the down side and chikou span being bearish...

 

[arco]

How about this one for EUR/GBP. Just broke yesterday's chikou span on M30 so I entered short 1 lot at 0.9076. Target 1 at monthly PP at .9048. SL @ 0.9095.

1H also shows some bearish momentum with kumo sentiment being on the down side and chikou span being bearish...

Nice trade. I dont always look at EurGbp.
I would have liked to have taken a trade off the H4......135+ pips so far!!!

Regarding finding trades. Occasionally I look at unusual pairs if nothing is happening on the majors

 

[Andruha]

How about this one for EUR/GBP. Just broke yesterday's chikou span on M30 so I entered short 1 lot at 0.9076. Target 1 at monthly PP at .9048. SL @ 0.9095.

1H also shows some bearish momentum with kumo sentiment being on the down side and chikou span being bearish...

Seems like this trade was done hasty ahead of the major news - BOE meeting minutes. Not a smart move... The trade went my way and so far made me a bit over 50 pips. Close 1/2 position and keep the rest until opposite signal will reveal itself.

 

[Andruha]

Nice trade. I dont always look at EurGbp.
I would have liked to have taken a trade off the H4......135+ pips so far!!!

Regarding finding trades. Occasionally I look at unusual pairs if nothing is happening on the majors

Nice! I've just had a look at GBP/USD. Arco did you get on the long one at around 1.600 on 15th? There was a nice signal then and by now it yielded just a bit over 560 pips...

 

[alwaysLearning]

The IchiWiki appears to be working again............

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page


have fun...........

arco

Great link. It really is facinating. I'm reading along at the link. My mind is often a little jumbled sometimes since I have tested and used so many strategies but this iku is great since it has a lot of the important things right there off the bat.

And I'm thinking that I can combine it with some of my other ideas and strategies.

Very nice

 

[Kryzz]

How long did it take people to get their head around Ichimoku (for practical application not theory)??

cheers

 

[arco]

Nice! I've just had a look at GBP/USD. Arco did you get on the long one at around 1.600 on 15th? There was a nice signal then and by now it yielded just a bit over 560 pips...

It was a great signal as you say, but must have been busy with other trades and missed that little beauty. All elements came together nicely.

 

[arco]

How long did it take people to get their head around Ichimoku (for practical application not theory)??

cheers

The basic elements are reasonably easy/quick to learn and you should be able to place trades with the system as soon as you understand them all well enough.