Ichimoku discussion thread

[arco]

Hi Arco,

Can I ask you a quick question - why do you colour yellow the cross between price and chickou span? Do this provide an indication of shifting momentum?

Basically a marker. Once I see the Chikou at the plot edge I put the yellow splodge there so that as I quickly scan through the charts four hours later I can easily identify and check its progress.

Example

 

[Andruha]

Hi all,

Sorry was a bit busy - work related matters.

Here are a few upcoming trades (hopefully) that might work out. First one is EUR/CAD on 4H charts - just waiting for the candle to break lower kumo border.

The other one is AUD/NZD on 1H chart - again waiting on kumo cloud break.

What do you think people? Anyone taking trades this week?

 

[Dracuu]

Hello Fellow Traders,

I have been studying Ichimoku intensely over the last few weeks and I am very impressed by it. I incorporated Ichi for the first time tonight on a GBP/USD trade and so far so good.

In both the Daily and Hourly(which is the one I traded off) there were 4 bullish signals on each and they all painted the same picture.
The Chikou crossed price upwards, the Price crossed Kijun Sen upwards, Tenkan Sen crossed Kijun Sen upwards and the price broke the cloud on the upside. I took the trade on the TS/KS cross earlier tonight and so far up 120pips!

I have attached the charts and put green squares around what my interpretation of signals are. I am only learning so any comments appreciated.

 

[Andruha]

Hello Fellow Traders,

I have been studying Ichimoku intensely over the last few weeks and I am very impressed by it. I incorporated Ichi for the first time tonight on a GBP/USD trade and so far so good.

In both the Daily and Hourly(which is the one I traded off) there were 4 bullish signals on each and they all painted the same picture.
The Chikou crossed price upwards, the Price crossed Kijun Sen upwards, Tenkan Sen crossed Kijun Sen upwards and the price broke the cloud on the upside. I took the trade on the TS/KS cross earlier tonight and so far up 120pips!

I have attached the charts and put green squares around what my interpretation of signals are. I am only learning so any comments appreciated.

Interesting trade mate. I do not personally trade unless I get all the signals lined up - chikou span TS/KS cross as well as kumo sentiment. But then again it a personal choice.

On that note - does any one trade on kijin sen cross (when price just pierces kijin cross, KS/TS cross is not necessary)?

 

[Dracuu]

I have studied numerous charts over numerous time frames and I am becoming more convinced that the KS cross is the most reliable of all the indicators. However the conditions need to be right in order for you to put any weight on the cross.

If the market has been bouncing through it over the past several bars then obviously it becomes useless but if the market has been trending along with for a good length of time and then suddenly shoots away from it and then comes back and goes through it (closes past it) then it is very likely it will make a big move in that direction. ie in the 1H GPBUSD chart I posted above.

The KS line seems to be like a magnet. The market tends to go away from it and then gets drawn back to it.

The Kumo Sentiment in my opinion so far seems to be the least reliable. For now I am treating the cloud as high resistance in general depending on how wide it is but I am ignoring the sentiment factor for now.
Actually it seems like in order for the market to turn the sentiment has to be opposite and the cloud very thin. Still lots to study on this.

I think the Chikou cross is also very powerful. If it has been trending along with the market for some time and then pivots and goes through it I would be looking for a trade in that direction.

The TSKS cross is very reliable also. My general observation so far is that the longer the period were there hasn't been a cross the more reliable the cross becomes.

Those are my observations so far.

 

[caribean]

Though i don't use Ichimoku, there used to be another trader here some time ago that used it (successfully from what i gather), but i don't remember his nick.
A quick search would find him.)

 

[arco]

I've had some great Ichimoku trades this week here's one thats still running

 

[arco]

Great move confirmed by Ichimoku on various TFs with the action closing the old gap

 

[arco]

Anyone still trading with Ichimoku
- nice trade on the blog here on UsdCad for over 200 pips - using Ichimoku strategy

ALERT GIVEN PRIOR TO MOVE

 

[sinner]

I'm watching a few clouds, but not on the forex.

TSxKS is bearish on both weekly and daily. Daily had a lower close after the cross, weekly close below 9000 could be scary.

 

[arco]

Hi Sinner

Not my cup of tea - looks a bit scary for trading. My charts are not that hot on Nikkei but wouldn't be surprised to see an initial move higher to the Senkou A (1h CHART). Lets say circa 9300 before rolling over

 

[arco]

Hi Sinner

Not my cup of tea - looks a bit scary for trading. My charts are not that hot on Nikkei but wouldn't be surprised to see an initial move higher to the Senkou A (1h CHART). Lets say circa 9300 before rolling over

HIGH reached 9320 - that's Ichimoku magic!

 

[sinner]

Hi arco,

It is because of your post that I decided to check the forex charts with Ichimoku for the first time in a long time when in fact it used to be the only way I would trade. Forgot how much I enjoyed viewing these charts and just how much information they actually show. I will try and trade the FX majors on the daily for a while on this thread, see if we can renew some interest in the Forex section of this forum!

On the hunt for EUR weakness, three options with valid signal were EUR/CHF EUR/JPY and EUR/GBP. Afraid of Central Bank intervention in the two former (especially lots of talk of Kampo and BoJ sitting on the offer selling JPY against everything), I opted for a short on EUR/GBP at the Chikou span cross closing price. Weekly charts show last week closed below a flat TS.

EURGBP short:
* Entry: 0.8220
* Stop-loss: 0.8465, also watch TS direction change, Chikou span go back above price curve for earlier exit.
* Signal: Neutral/Strong bearish Chikou span cross. Weak bearish TS/KS cross occurred prior which may lend some weight.

 

[arco]

Ichimoku Trading
We scored a maximum of +554 PIPS overnight on Aussie, Kiwi, Euro and Loonie

 

[sinner]

Hi arco, it might be nice for some Ichimoku discussion rather than just posting pip counts for your subscription site.

Here is todays trade on my part:
Overnight markets moved down strongly in risk averse mode. We look for a good signal to capitalise on the fear and find NZD/USD has made a weak bearish TS/KS cross in the last few days and last night was enough to bring the Chikou span facing down below the price curve. Wary of further "risk on" moves, however would like to capitalise on downside.

New positions:
NZDUSD Short:

* Entry: 0.7070
* Stop-loss: 0.7235 with a close eye on both TS and KS as possible trailing stops.
* Signal: Weak bearish Chikou span cross + weak bearish TS/KS cross.


Adjust positions:
None.
Close positions:
None.
Current positions:

* EUR/GBP Short 0.8220 - SL 0.8465 - Current rate 0.8221

 

[arco]

Hi Sinner

I have put a number of successful free trade ideas on ASF this week based on Ichi system, and will do so again next week. Also check out also 12 years of free charting techniques/advice on sharetrader - 6500 posts.

Ichimoku system is best used in conjunction with candle patterns as this trade here from yesterday shows. Bearish Engulfing against Kumo - resulting in 83 pips take.

 

[sinner]

Sorry arco, I thought this was Ichimoku discussion thread, my mistake. You made one hindsight post about USDCAD, and another about Nikkei on my prompting, then wrote "We scored a maximum of +554 PIPS overnight on Aussie, Kiwi, Euro and Loonie".

Main reason I posting in this thread was to revive some interest in this forum for Ichimoku but I think it will be hard for people to be interested or learn when they see posts like that. "We got rich last night, just sign up and see how".

Will continue my Ichimoku postings elsewhere. On ForexFactory, signal services disguised under trading systems get moved to the "Commercial" section. Anyone interested in discussing Ichimoku or seeing how it is used welcome to tag along there.

 

[Andruha]

Hi arco,
On the hunt for EUR weakness, three options with valid signal were EUR/CHF EUR/JPY and EUR/GBP. Afraid of Central Bank intervention in the two former (especially lots of talk of Kampo and BoJ sitting on the offer selling JPY against everything), I opted for a short on EUR/GBP at the Chikou span cross closing price. Weekly charts show last week closed below a flat TS.
View attachment 38506

Same here - seems like they can intervene any moment now

I'm actually looking at some USD pairs with euro being one of them. A small flag has formed on 4H charts as the price is currently printing doji and seats right on KS. Other USD pairs like cable and aussie show similar pattern with prices testing bottom of kumo.

Could the night bring the move south?

PS: Sorry for the picture quality - have to figure out how to do better resolution

 

[arco]

Example using Ichimoku elements to predict the track of a FX pair. Purple Trace is the predicted track based on the information contained in the Ichimoku chart

Chart from 31/8
Overnight result maximum 116 pips north, 80 pips south

 

[arco]

Lets take another example using Ichimoku elements Chikou/Kijun/Kumo to predict the potential track of a FX pair. The Purple Trace is the predicted track based on the information contained in the Ichimoku chart

Euro Chart from 1/9 given prior to the move
Overnight result maximum +157 pips north, +61 pips south



Another example on Aussie

AudUsd Chart from 1/9 given prior to the move
Overnight result maximum +133 pips north



.