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peat
30-11-2006, 06:51 AM
Worthy of its own thread. I think so.


I have been mentally backtesting the Ichi weekly last night... on Eur/Chf and Eur/GBP

Like all lagging indicators it picks up the major movements, but can be jolted around a bit. Chikou span sometimesacts as a good take profit indicator ie it is the first to turn but sometimes it contraindicates for a long time.

The Ichi Weekly timeframes can be a bit daunting in that a 100 pips is just noise. Entry and exit points become subjective enough to make a huge difference

Certainly you will be there for the major moves , tho for instance your long would have been taken out a fortnight after the October low of 1.25 on Eur/Usd and hence missed a big chunk of the recent 700 pips with the weekly just crossing over last week at about 1.30.

My platform doesnt have a monthly timeframe so I cant look at that as Arco has recently on the NZD/USD but weekly would have been long since Aug @ around .65 and you would have got most of the 700 pips shorting it earlier this year, tho chikou would have taken you out way too soon as it seems to do a lot. I dont really get this 22 day lagging close thing. It just appears as a flat line for the last 22 periods ??

So its no holy grail , but when it all comes together (the crossover above the cloud , with the chikou up top) theres some great long term entry's.

arco
30-11-2006, 09:43 AM
Good idea Peat

Heres an Ichimoku chart with its components (Senkou Span creates the Kumo or Cloud).

http://www.forexwatcher.com/examples/ichimoku.gif

arco

peat
02-12-2006, 06:03 AM
I'm working on a coherent strategy for using the Ichimoku here, but of course its subject to modification. I'm quite happy for comments on this especially if you think I've outrightly misinterpreted something. Here it is for now.





Ichimoku Strategy


Choose a time frame....

short term = 1 hour periods ; med term = daily ; long term = weekly.
This needs to be consistent as of course diff time frames will give different signals and of course they may even contradict.


Ideally you need to be able to have 2-3 contracts open when all factors combine (without breaking your money management rules!)



Tenkan above or below Kijun determines direction of trade. Buy or sell on crossover of these - A cross above cloud is more meaninful
But only when chikou is on the same side of price as your direction of trade

When Chikou crosses {i.e current close is lower (for a long trade) / higher (for a short trade) than the close of 22 periods ago} take partial profit

(but leave one for more, as there often is)


Close final position when tenkan turns against the opposite direction of the trade

peat
03-12-2006, 04:24 PM
quote:Originally posted by arco and quoted here by peat to bring all the info together


The Ichimoku Kinko Hyo was developed by Goichi Hosoda, a Japanese newspaper writer, writing under the pen name "Ichimoku Sanjin." He developed this charting technique before World War II, and offered it to the public when he published his book in 1969.

Ichimoku translates as "a glance" or "one look." Kinko Hyo translates as "the table of equilibrium" or "balance table." Hence a chart displaying this indicator provides a broad look at the prices in a single view. You should be able to look at the chart and know at a glance whether to buy or sell.

Three key time periods are used to calculate the five individual plots used in the indicator. These times periods are based on the trading conditions at the time the indicator was created: Japan in the 1930's. At the time, a trading week was six days instead of the five days we are used to today. Some traders may wish to alter the time periods to reflect the change in trading days.

9 periods = one and a half weeks (now 7.5 periods. use 7 or 8)
26 periods = one month (now 22 periods)

52 periods = two months (now 44 periods)

The Ichimoku Kinko Hyo indicator is composed of the following five plots, in addition to the closing prices.

Tenkan-sen. The standard line. This plot provides signals when paired with the Kijun-sen. The default periods for this plot is 9. The calculation for this plot is (Highest High + Lowest Low)/2. The highest high is the highest high over the last specified number of time periods. By default, this is the highest high of the last 9 periods. The other highest highs and lowest lows are calculated the same way.

Kijun-sen. The turning line. This plot provides signals when paired with the Tenkan-sen. The default periods for this plot is 26. The calculation for this plot is also (Highest High + Lowest Low)/2. However, the values are taken from a 26 periods time frame instead of a 9 periods time frame.

Senkou Span A. The first span. This plot creates the Kumo (cloud) when paired with Senkou Span B. The default periods for this plot is 52. The calculation for this plot is (Tenkan-sen + Kijun-sen)/2.

Senkou Span A. The second span. This plot creates the Kumo (cloud) when paired with Senkou Span A. The default periods for this plot is 52. The calculation for this plot is (Highest High + Lowest Low)/2.

Chikou Span. The delayed line. This plot is simply the close plotted the desired number of time periods in the past. The default periods for this plot is 26. In this case, today's close would be plotted 26 days ago.

The Ichimoku indicators are used together as one set of signals. If the signals do not agree, the chart is unreliable. When all three signals are in agreement, the signal is strong.

Tenkan-sen / Kijun-sen. A buy signal is generated when the Tenkan-sen crosses above the Kijun-sen. A sell signal is generated when the Tenkan-sen crosses below the Kijun-sen. The Tenkan-sen and Kijun-sen can be used as support and resistance.

Senkou Span A / Senkou Span B. The area between the two Spans is the Kumo, or cloud. A buy signal is generated when the close crosses above the cloud. A sell signal is generated when the close crosses below the cloud. Near the intersections of Span A and Span B, the market has a tendency to become chaotic. The Senkou Spans can also be used as support or resistance. When the close is above the cloud, the Spans act as two levels of support. When the close is below the cloud, the Spans act as two levels of resistance.

Chikou Span / Close. A buy signal is generated when the Chikou Span crosses above the close. A sell signal is generated when the Chikou Span crosses below the close.

regards - arco

arco
03-12-2006, 08:51 PM
There was an article on Ichimoku some time ago in S & C written by Ken Muranaka

Heres the link..............

http://www.forex-books.com/articles/techan/ichimoku.pdf

arco

peat
03-12-2006, 11:19 PM
Oanda fxgame (which I use) did an upgrade over the weekend.
It now includes Ichimoku :D

arco
04-12-2006, 02:01 PM
Thanks Peat

Also now available on FXtrade.

Looks very interesting, and I will be testing out the system on the lower time frames to see if it has any merit.

arco

arco
04-12-2006, 02:45 PM
Something that does not seem to be mentioned on many Ichi information documents is the fact that the clound (Kumo) bounderies (Senkou A/B) are used as support/resistance figures.

Check out the charts on this PDF to see how its used.

http://buymeridia.info/images/ichimoku.pdf

arco

peat
04-12-2006, 03:24 PM
Thats mentioned in your quote that I requoted a few entries above Arco, and that is certainly a useful part of it.
Look at Eur/Gbp today using the hourly, its bounced off the edge of the Kumo several times.

arco
04-12-2006, 08:28 PM
Trading inside the cloud.......Kumo Surfing :D

from the Japanese translation............

To trade inside the cloud (which should be big enoung) we are using Tenkan-sen line following the direction of the line and trading using Chinkou Span line signals : if Chinkou Span is crossing the line from below to upward price curve we have the signal to buy. and from above to below-signal to sell. In this case we will have stop loss levels out of cloud and profit levels will be the borders of the cloud. Thus, we enter using Chinkou Span. we have 638,804 levels somewhere outside the cloud. we have prit levels which are of the borders of the cloud. Or we may exit if Tenkan-sen line was changed the direction; if we have an other Chinkou Span line signal; if the price is one of the cloud crossing the lines.
The most strong signals for this indicator were observed on W1, D1 and H1 timeframes as the following:The most strong signals were observed on W1 for this indicator. D1 and H1 timeframes as the following :
- the price curve is crossing the Senkou Span B line breaking this resistance line;- The price curve is crossing the line breaking Senkou Span B of this resistance line;
- Chinkou Span line signals;- Span line signals; Chinkou
- 3 line signal (Tenkan-sen, Kijun-sen and Senkou Span B lines are going in horizontal way above each other);- 3 line signal (Tenkan-sen. Kijun-sen Senkou Span B and horizontal lines are going in way above each other);
- gold and dead crosses.- Gold crosses and dead.

arco
15-12-2006, 12:26 PM
Hello Peat

Now you are right into the Ichi charting why not post a few trade ideas either here on this thread, (or on the standard threads if you prefer).

Its always good to see what others are looking at.

regards - arco

peat
15-12-2006, 03:09 PM
yeh will have a lot more time from 1 more hour away !! :D

I was long NZD and short AUD/NZD from a couple of days ago in demo (as in the AUD/NZD thread ) but these got hammered with overnite volatility , tho potentially still good trades

Ratehr exotically I was looking at Eur/Czk last nite too thinking it had formed some sort of bottom , and was going to be on the lookout for an upward confirmation , but NOPE , last night was the biggest fall all year!

Am wondering if USD is topping and getting a good short again following your 'could anything be more clear' long term USD post.

General themes are sterling strength and yen weakness but how much further can these go. I believe theres some sort of tankan figure out soon/now.

Finish work in an hour yay!

peat
18-12-2006, 09:22 AM
Using the Ichimoku on the weekly scale looking at this year the Eur/USD has been a buy since Week 10 (early March ) where the close was 1.2069. But hindsight being such a wonderful thing that signal technically capitulated in Week 43 (Oct) when it closed at 1.2753 , up 140 for the week (which may have made you ignore that signal), and ironically just when the real action was starting for the year.
That weekly signal buy signal returned a mere 4 weeks later, having missed a few hundred pips on the path north and that is where we are now supposedly having exited at 1.27 ish and then being instructed to buy again somewhere over 1.30 and then watching it correct back to where it is now at mid 1.30's.
So you could be sitting on a break even trade as of now tho having been postive at some stage.
In the weekly the tenkan hasnt crossed back over downwards , so we should be holding , but perhaps its unnerving to see that the daily has indeed crossed. While cloud support is rising on the weekly it is still as low as 1.25.
http://img262.imageshack.us/img262/640/eurweekly2006ba3.jpg

arco
27-12-2006, 08:54 AM
Hi Peat

Any way you can make those charts smaller please?

Heres a chart which shows a few different forecasting techniques when using Ichimoku

http://www.updata.co.uk/chartoftheday/cod190105.gif

Here we see that the price has recently crossed back up through the cloud. The lagging line bounced off the base of the cloud. From here the lagging line will break back above the cloud or fall through a relatively short resistance level that is left. For the latter scenario we would need to fall below 1,100 points on the S&P now or not be above 1,200 by the end of this year. We are currently at the 1,195 level. If we do break out of the cloud by the end of 2005 then a new cloud cross will have formed creating a new blue cloud to be crossed some years out. Crosses down through Red clouds are extremely rare.

regards - arco

roddy
27-12-2006, 08:40 PM
Hi Peat/Arco
just having a go at analysis of kiwi please
correct me if i am wrong!!!!!!!!
Chart shows Daily NZ/USD,it would appear that
after the cross of the Tenken/Kujun on about
17/7 and subsequent push through the Kumo cloud,
that Kiwi was a buy on the daily,in saying that i
am not sure whether i would be prepared to let
250 pips go to stay in the trade as in early September,
not knowing at the time whether Tenkun was going to
drop below Kujun,so technically for medium term
holders who entered the trade then until now it
is still a hold based on the Ichimoku and would
of gained 800 pips

cheers roddy


http://img98.imageshack.us/img98/5021/noname108dl1.jpg

peat
07-01-2007, 08:17 PM
and would still be a hold on that basis too Roddy... notwithstanding the last three days dire red candles , with cloud support kicking in right about now , or, does the crossing of the chikou span portend more worries. Note that chikou hasnt worked reliably in the recent past....

http://img221.imageshack.us/img221/7467/nzdusd06012007vf4.jpg (http://imageshack.us)


which makes one wonder how useful Ichi is perhaps....
I suppose Ichi will never predict the turnaround points as it is merely a lagging indicator however it should be useful at confirming them.
But RSI had been heavily overbought for days.... and while it often does this it nearly always comes back from being above the 70 mark eventually. MACD wasnt confirming the new highs either...

peat
14-05-2007, 06:20 PM
Interesting situation on Eur now with the price having found some support at the cloud (using daily)

We have (or almost have , depending on the parameters) an ichimoku crossover above the cloud tho.
With the ichi setting at 7,22,44 as is the default for Oanda tenkan-sen has already crossed through kijun-sen above the cloud , and chikou span has crossed through and is now on the underside of the price 22 days ago.

Using the default settings with MarketMaker's ichimoku 9,26,52 tho it is still to make the signal.
What do you think Arco, have we had a short signal from the Ichimoku or not? I know your preference has been long so is this about to change - or would you take a bigger perspective and use weekly charts?

arco
15-05-2007, 11:15 AM
Hi Peat

No short signal yet on Metastock Ichi (daily or weekly).

A medium term BF has just completed, but there is still
a longer term one that could complete higher up.

regards - arco

peat
16-05-2007, 10:06 AM
definitely not a short last night lol
I'm curious as to what parameters its using then.

arco
16-05-2007, 01:55 PM
Hi Peat

I'm using MS default - 9,26,52

Not sure of the longer term validity of BFs,
but 1.42+ is the early target area. (Not banking
on that, but keeping it in mind).

regards - arco

peat
16-05-2007, 02:21 PM
yeh thats the same as MarketMaker which actually crossed over today! tho the chikou span was spared for now.
http://img176.imageshack.us/img176/161/eurusddaily16052007ichile6.jpg

arco
16-05-2007, 06:25 PM
Hi Peat

Compare the difference in charts - interesting.

I dont consider a 'flat line' cross as much
as I would do with a perfect 'Dead Cross'

http://www.khalsaspad.com/files/051507_eur.usd.gif

regards - arco

peat
18-05-2007, 03:12 PM
So this pic has 2 Ichimoku's on it using each set of parameters.
In both of them tenkan has crossed kijun and chikou has crossed price. Lets see
http://img511.imageshack.us/img511/9924/eurusd18052007ichix2ws1.jpg

arco
21-10-2008, 09:04 AM
Came across this site in my travels...................

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2983793

arco
21-10-2008, 09:09 AM
15m Ichi works well on GOLD for an overnight max of +1885
.

arco
21-10-2008, 03:18 PM
Another GOLD fluke :)

Morning Star off Kumo, conservative entry on resistance break.

Like taking candy from a baby.........................

http://www.freeimagehosting.net/uploads/d09ac2f328.jpg (http://www.freeimagehosting.net/)

arco
21-10-2008, 06:20 PM
Some days just go to plan..................

TS x KS

Chikou break

Kumo break and test.

What more do we need !!!

1st order now closed +60

arco
22-10-2008, 04:25 PM
Gold 15m

After a slow start today there was a rejection and test off the Kumo on the 15M time-frame.

Quick move down and just took +630

arco
22-10-2008, 04:56 PM
Aussie 15m set-up

Just scalped +40 quick pips on the fall based on a rejection off the Kumo and some nice candle patterns....you could also throw in a Bear Flag ....and perhaps an ABCD or a Gartley for luck :)
.

arco
23-10-2008, 07:37 AM
Can someone let me know if the chart in the last post is showing OK

Thanks - arco

dumbass
23-10-2008, 07:43 AM
i got the red cross

arco
23-10-2008, 08:14 AM
Thanks DB......I attached it via the attachment down-loader so hopefully OK now

arco
24-10-2008, 10:06 AM
.
Taking a little day trade punt against the main trend .....for a potential journey towards the Kumo (cloud) edge................

arco
24-10-2008, 11:21 AM
Heading in the right direction so far................... +630

arco
24-10-2008, 05:52 PM
.
Stopped at +300

Was hoping for more......but maybe another day GOLD will have more glitter

arco
25-10-2008, 08:26 AM
Well it eventually reached where I though it was going

arco
28-10-2008, 08:57 AM
Gold Ichi on fine form - Check out the result on the gold thread

http://www.freeimagehosting.net/uploads/5414e921c3.jpg (http://www.freeimagehosting.net/)

Packersoldkidney
28-10-2008, 09:46 AM
Gold Ichi on fine form - Check out the result on the gold thread

Arco = freak. :)

arco
28-10-2008, 10:22 AM
Packers....is that good or bad :)

Packersoldkidney
28-10-2008, 02:35 PM
Packers....is that good or bad :)

Definitely good in this case, Arco.

From Dictionary.com: Freak - A thing or occurrence that is markedly unusual or irregular: A freak of nature produced the midsummer snow.

I guess freaks can be counted as good or bad - but in my lingo a freak is good, as in freakishly good. Bradman was a freak for example.

Have always enjoyed watching your trades when I pop over here, Arco - so I've seen a few of them, and I would consider your skills on the exceptional level, hence the tag of freak.

arco
28-10-2008, 07:54 PM
Been a good day on the GOLD again

+1550 on 3 trades.

Heres the last two.

Not sure why these attachments are so hard to read on ST.
FYI the profit figures at the time of the snaps were +520 and +955

rgds - arco

http://www.freeimagehosting.net/uploads/38b0b20913.jpg (http://www.freeimagehosting.net/)

http://www.freeimagehosting.net/uploads/1e9d7d074b.jpg (http://www.freeimagehosting.net/)

peat
29-10-2008, 06:31 AM
lost 35 while awake but got 100 while asleep

I thought you were getting lonely in this thread arco !

arco
29-10-2008, 10:23 AM
Hi Peat

Good on yer mate

Found a blog yesterday with some Ichi and using time calcs....still trying to work it out. Heres one.....................and the blog address

If you can figure it out....let me know

http://ichimoku-kinko-hyo.seesaa.net/article/107189796.html

arco
29-10-2008, 01:13 PM
Some good signals last night if you were awake

e.g. Aud.Jpy

If you cant decipher the chart check here.

http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25265&d=1225237064

arco
29-10-2008, 07:56 PM
.
Got off to a bad start this morning when an initially profitable trade targeting 300 hit the stop at minus 200. before hitting the TP http://www.aussiestockforums.com/forums/images/smilies/frown.gif

Picked up +55 and +150 on two scalps for a positive of +5

Anyway, things have improved now after a short from 757.05 with a TP of 743.20

so up to now.......................

+1390

Heres a chart of the first one that went wrong.......I was expecting a test of the lower Kumo after a Dark Cloud Cover at resistance of an old Kumo high area convincingly repelled the action. (The SL was changed to 200 after things started to look a bit dodgy).



rgds - arco

http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25272&stc=1&thumb=1&d=1225260661

arco
31-10-2008, 08:49 AM
Update on the AY post #44

Action entered the Kumo as expected (blue zone). Max take available so far circa 800 pips.

Better pics here

http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25284&stc=1&thumb=1&d=1225307911


http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25309&stc=1&thumb=1&d=1225397116

arco
31-10-2008, 10:35 PM
5M chart. Just a quick ride targeting the Kumo to pick up a few pips on the KS/TS X and Chikou break.
The best trade on this today was 4 hrs earlier for +200 pips

better picture here
http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25347&stc=1&thumb=1&d=1225449022

arco
01-11-2008, 08:44 AM
.
Result of previous Loonie trade - post #47.

Maximum south move on short term scalp/day trade +142 pips.

Maximum holding with larger stop at pivot high +334 pips

GTA - arco

arco
04-11-2008, 11:29 AM
Loonie

Short based on 2nd rejection off bearish Kumo and TS/KS parting X

Just taken +70 on this.....

http://www.freeimagehosting.net/uploads/390a9e0771.jpg (http://www.freeimagehosting.net/)


Or better picture here
http://www.aussiestockforums.com/forums/attachment.php?attachmentid=25437&stc=1&thumb=1&d=1225744582

arco
04-11-2008, 05:50 PM
I was out for a couple of hours but still managed a few pips
at the tail end

http://www.freeimagehosting.net/uploads/81d2c6100d.jpg (http://www.freeimagehosting.net/)

.

arco
04-11-2008, 08:48 PM
.
Scalp trade on the 5m Yen. just completed


...............good for a quick +40 pips

rgds - arco

http://www.freeimagehosting.net/uploads/6243eff52b.jpg (http://www.freeimagehosting.net/)

peat
07-11-2008, 08:29 PM
arco do you consider the thin areas of the cloud as less resistance? it seems intuitive but I'm not sure I can see anything empirically to support that.

arco
07-11-2008, 10:28 PM
Hi Peat

According to the rules that should be the case.

rgds - arco

peat
09-11-2008, 03:59 PM
Theres an article on Ichi in the latest CurrencyTrader mag.

arco
09-11-2008, 04:53 PM
Yes, quite right Peat

check it out here

http://video.aol.com/video-detail/the-itchy-cow/1636125223

arco
09-11-2008, 07:06 PM
Yeah sorry guys that was Ichimoocow................my mistake :)

Heres the right link.................

http://www.currencytradermag.com/downloads/index.php

arco
10-11-2008, 02:01 PM
We see that damping it [flet] on four hour - here already three [fletovykh] with the completions under the level Sky. Was formed the triangle, whose breakthrough will give signal for further direction of motion EURUSD. Lower boundary passes to 1,2657-2760, and upper to 1,3011-2899. [Kidzhun] 1,2810-2908. The lower cloud base Of span A 1.2923-1.2783. The upper cloud boundary Of span B 1.3536-1.3252. Closing period in the cloud will give signal to the increase to the upper cloud boundary.

Pretty spot on I would say...........but my Kumo looks a bit different

http://www.viac.ru/cmt2/lib/a/32227/EURUSDh4.png

arco
26-11-2008, 12:28 PM
.

Bearish Engulf off the Kumo was the deciding factor.

http://www.freeimagehosting.net/uploads/41aff53472.jpg (http://www.freeimagehosting.net/)

arco
03-12-2008, 06:19 PM
More IchiMooKau ideas.......................


http://video.google.com/videoplay?docid=-3613991741161374291&hl=en

arco
16-08-2009, 01:21 PM
A couple of charts for Ichi fans -

Short term trades on H1
.
http://www.freeimagehosting.net/uploads/87a0ce2eeb.gif

Long Tem Trade - Weekly
.
http://www.freeimagehosting.net/uploads/d3b27e352a.gif

.

arco
19-08-2009, 07:02 PM
Todays Ichi A trade

http://www.freeimagehosting.net/uploads/e3468d4c78.gif (http://www.freeimagehosting.net/)

arco
20-08-2009, 06:24 PM
Nice A trade scalp for 20 pips (yellow box zone)

http://www.freeimagehosting.net/uploads/e205d5103b.gif (http://www.freeimagehosting.net/)

arco
21-08-2009, 08:30 AM
2 later scalps 20+20

I managed to snag the last one (TP was 20 pips but action went on to circa 50 pips).

http://www.freeimagehosting.net/uploads/d277f932a1.gif (http://www.freeimagehosting.net/)

arco
21-08-2009, 12:43 PM
A - Trade - GBP 5m scalp - 20 pips

http://www.freeimagehosting.net/uploads/c9ee9bbeb7.gif (http://www.freeimagehosting.net/)

arco
21-08-2009, 09:31 PM
http://www.freeimagehosting.net/uploads/6afb5782c3.gif (http://www.freeimagehosting.net/)

arco
25-08-2009, 08:12 AM
2 nice trade on the Gbp.Jpy yesterday

Higher box, taken off the 5m chart plot - 20 pips

Lower box off 15m chart - 50 pips.

http://www.freeimagehosting.net/uploads/11d20a33ee.gif (http://www.freeimagehosting.net/)

arco
25-08-2009, 09:11 AM
5m and 15 m short term trades.

http://www.freeimagehosting.net/uploads/ee12f48352.gif (http://www.freeimagehosting.net/)

arco
25-08-2009, 09:16 PM
Teetering on the edge

http://www.freeimagehosting.net/uploads/617dd7de96.gif (http://www.freeimagehosting.net/)

peat
27-08-2009, 05:39 AM
cant let you have all the fun arco

150 pips overnite

arco
27-08-2009, 07:54 AM
Nice one Peat

I had one on the Loonie, my TP was at 1.1000 and it just missed by a pip, but it should get there eventually, or I may just move the TP and let it run.
Missed up to a 100 on the Beast when we got a violent thunderstorm and I switched everything off.


http://i32.tinypic.com/14v69vs.gif

arco
27-08-2009, 04:39 PM
Quick scalp on the Aussie.

Out at +6 as the action started to struggle.

http://i25.tinypic.com/2prtsf5.gif

Loonie trade still on and currently +83

arco
27-08-2009, 07:24 PM
Dont you just hate it when it does that :mad:

http://i27.tinypic.com/m98wly.gif

arco
28-08-2009, 08:52 AM
Dont you just hate it when it does that :mad:

http://i27.tinypic.com/m98wly.gif

This one went on to do 150 pips (without me on board :eek:)

arco
28-08-2009, 08:53 AM
Nice one Peat

I had one on the Loonie, my TP was at 1.1000 and it just missed by a pip, but it should get there eventually, or I may just move the TP and let it run.
Missed up to a 100 on the Beast when we got a violent thunderstorm and I switched everything off.


http://i32.tinypic.com/14v69vs.gif

Got stopped out at +77 on this one.

arco
03-09-2009, 09:12 PM
Good signal on the H1 - 50 pips off Cable tonight.

http://i30.tinypic.com/2eq7xvl.gif

peat
05-09-2009, 11:47 AM
i re-read this thread and the links and all the stuff I have on ichimoku esp that article in the currency trader mag and went over some eyeball back-testing.
quote that article

"Standard Ichimoku theory holds that a bullish crossover
below the cloud is a weak signal, while a crossover within
the cloud (price having chewed through some resistance) is
a medium bullish signal. A strong bullish signal is a
crossover above the cloud, price having eaten through
resistance and looking at clear skies ahead."

So I found a bullish crossover above the cloud on the Aussie and went long last night at .8416. Obviously a bit of volatility through the NFP time but +85 this morning - will move stop up and lock in 50.

Took some profits on my Euro shorts as it went down after NFP - surprised that it came back up so far tho.

arco
05-09-2009, 01:55 PM
Nice one Peat

The longer term could be forming a Gartley, but taking into account CMC criteria entry would be 1300+ pips away presently

http://i26.tinypic.com/zuk27l.gif

peat
05-09-2009, 08:57 PM
Strategy details


1. Take any medium or strong crossover with a
one-pip (tick) difference between the Tenkan and
Kijun lines as the first qualification for a signal.
Ignore all weak signals. (ref quote from post #78)
2. Wait for price action to break completely through
the cloud in the direction of the crossover by
12 pips. Enter two positions at this level.
a) The limit on first position is 45 pips.
b) The limit on the second position is either a
crossover of the Tenkan and Kijun lines
(one-pip difference in value) in the opposite
direction of the move, or a trailing stop set
15 pips above (for short signals) or below
(for long signals) the Kijun line.
3. Set an initial stop six pips above (for short signals)
or below (for long signals) the cloud. (One
alternative: If the entry is far away from the cloud,
set the stop 80 percent into the cloud.) Bring the
second position’s stop to breakeven when the first
position hits its target

arco
05-09-2009, 09:47 PM
Strategy details


1. Take any medium or strong crossover with a
one-pip (tick) difference between the Tenkan and
Kijun lines as the first qualification for a signal.
Ignore all weak signals. (ref quote from post #78)
2. Wait for price action to break completely through
the cloud in the direction of the crossover by
12 pips. Enter two positions at this level.
a) The limit on first position is 45 pips.
b) The limit on the second position is either a
crossover of the Tenkan and Kijun lines
(one-pip difference in value) in the opposite
direction of the move, or a trailing stop set
15 pips above (for short signals) or below
(for long signals) the Kijun line.
3. Set an initial stop six pips above (for short signals)
or below (for long signals) the cloud. (One
alternative: If the entry is far away from the cloud,
set the stop 80 percent into the cloud.) Bring the
second position’s stop to breakeven when the first
position hits its target


Interesting strategy Peat - where is that quote taken from ?

rgds -arco

peat
06-09-2009, 03:07 PM
its from an article in the currency trader mag from november last year which is not available online anymore (for free )
the file is CurrencyTrader1108s4.pdf which you may still have if you downloaded them each time they come out , but they seem to charge for anything older than the last two months worth.

I've stripped the article and posted it on my web site here - not to styley but contains the text and images

http://homepages.ihug.co.nz/~peat/this_is_peats_webpage.htm

arco
06-09-2009, 05:08 PM
its from an article in the currency trader mag from november last year which is not available online anymore (for free )
the file is CurrencyTrader1108s4.pdf which you may still have if you downloaded them each time they come out , but they seem to charge for anything older than the last two months worth.

I've stripped the article and posted it on my web site here - not to styley but contains the text and images

http://homepages.ihug.co.nz/~peat/this_is_peats_webpage.htm (http://homepages.ihug.co.nz/%7Epeat/this_is_peats_webpage.htm)

Many thanks Peat

Now I look at it I think I printed it out, and probably put it aside for bedtime reading.

The secretary must have filed it away. That will teach me to leave things lying around in the bedroom. :eek:

arco
06-09-2009, 06:32 PM
I recently had the opportunity to look at Nicole Elliots Book on Ichimoku.

Ichimoku Charts. An introduction to Ichimoku Kinko Clouds.

Very disappointing and not worth buying IMO. These reviewers on Amazon UK thought the same.

1 of 1 people found the following review helpful:
1.0 out of 5 stars Disappointing at best, 16 Jun 2009
By M. Enwright (http://www.amazon.co.uk/gp/pdp/profile/AIAXEGGI4LOQP/ref=cm_cr_dp_pdp) -
(REAL NAME)
I don't know if I've been trading the Ichimoku Method for as long as the author, but it's the system that I use every day and I bought the book hoping for definitive answers to the questions I have. However, the book failed miserably to treat this important methodology with any respect or depth of knowledge.

For example, there are 5 Kanji characters that make up the name "Ichimoku Kinko Hyo." At the very beginning of the book under the section entitled "Calligraphy" the author describes 4 of the five characters but then says of the 5th "The others are too complicated to go into." It's like saying "I don't know what the 5th character means and I can't be bothered to find out." And this was just the beginning. The entire book went downhill from there. It seems as if the author hoped to disguise her lack of knowledge by adding a great deal of trivia. The whole thing smacks of opportunism and I am annoyed that I spent the money buying this rubbish.

The author recommends a couple of books namely: Beyond Candlesticks (Steve Nison) and Technical Analysis of the Stock Market (Edwards and McGee), If she actually read these books she'd know what a real contribution to Technical Analysis looks like. It's a pity she wasn't duly inspired.

For the only English book of this important methodology, this is not a good start. I can only hope that someone will translate "Ichimoku Kinko Studies" (H. Sasaki)from the original Japanese into English. Comment (http://www.amazon.co.uk/review/R2ILDLH9N79JEU/ref=cm_cr_dp_cmt?ie=UTF8&ASIN=1897597843&nodeID=266239#wasThisHelpful) Comment (http://www.amazon.co.uk/review/R2ILDLH9N79JEU/ref=cm_cr_dp_cmt?ie=UTF8&ASIN=1897597843&nodeID=266239#wasThisHelpful) | Permalink (http://www.amazon.co.uk/review/R2ILDLH9N79JEU/ref=cm_cr_rdp_perm) | Was this review helpful to you? Yes No Yes (http://www.amazon.co.uk/gp/vote/ref=cm_cr_dp_voteyn?ie=UTF8&2115%7CR2ILDLH9N79JEU.contentAssoc.1=1&huri=%2Fgp%2Fproduct%2F1897597843&2115%7CR2ILDLH9N79JEU.contentAssoc.2.type=ProductS et&2115%7CR2ILDLH9N79JEU.contentAssoc.1.id=AIAXEGGI4L OQP&halg=1&type=pipeline&uid=2115R2ILDLH9N79JEUHelpfulReviews2&2115%7CR2ILDLH9N79JEU.contentAssoc.1.type=AmazonCu stomer&2115%7CR2ILDLH9N79JEU.contentAssoc.2=1&qv=1252221890%7Csr%5F1%5F1%7Cbooks%7C1-1&contentId=2115%7CR2ILDLH9N79JEU&label=Helpful&hmac=39A53A43F659AFE3FCDBE15045D5B2D1F79EFD4B&2115%7CR2ILDLH9N79JEU.contentAssoc.2.id=1897597843&qk=qid%7Cref%5F%7Cs%7Csr&ifRes=showYesNoCommunityResponse&context=Reviews&needsSignIn=1&voteValue=1) No (http://www.amazon.co.uk/gp/vote/ref=cm_cr_dp_voteyn?ie=UTF8&2115%7CR2ILDLH9N79JEU.contentAssoc.1=1&huri=%2Fgp%2Fproduct%2F1897597843&2115%7CR2ILDLH9N79JEU.contentAssoc.2.type=ProductS et&2115%7CR2ILDLH9N79JEU.contentAssoc.1.id=AIAXEGGI4L OQP&halg=1&type=pipeline&uid=2115R2ILDLH9N79JEUHelpfulReviews2&2115%7CR2ILDLH9N79JEU.contentAssoc.1.type=AmazonCu stomer&2115%7CR2ILDLH9N79JEU.contentAssoc.2=1&qv=1252221890%7Csr%5F1%5F1%7Cbooks%7C1-1&contentId=2115%7CR2ILDLH9N79JEU&label=Helpful&hmac=39A53A43F659AFE3FCDBE15045D5B2D1F79EFD4B&2115%7CR2ILDLH9N79JEU.contentAssoc.2.id=1897597843&qk=qid%7Cref%5F%7Cs%7Csr&ifRes=showYesNoCommunityResponse&context=Reviews&needsSignIn=1&voteValue=-1) (Report this (http://www.amazon.co.uk/Ichimoku-Charts-Introduction-Kinko-Clouds/dp/1897597843/ref=sr_1_1?ie=UTF8&s=books&qid=1252221890&sr=1-1#)) (Report this (http://www.amazon.co.uk/gp/vote/ref=cm_cr_dp_inapp?ie=UTF8&2115%7CR2ILDLH9N79JEU.contentAssoc.1=1&huri=%2Fgp%2Fproduct%2F1897597843&2115%7CR2ILDLH9N79JEU.contentAssoc.2.type=ProductS et&2115%7CR2ILDLH9N79JEU.contentAssoc.1.id=AIAXEGGI4L OQP&halg=1&type=pipeline&2115%7CR2ILDLH9N79JEU.contentAssoc.1.type=AmazonCu stomer&2115%7CR2ILDLH9N79JEU.contentAssoc.2=1&template=inappropriate&response=report&qv=1252221890%7Csr%5F1%5F1%7Cbooks%7C1-1&voteValue=1&contentId=2115%7CR2ILDLH9N79JEU&label=Inappropriate&plugin=%2Fgp%2Fcustomer-reviews%2Flibel%2Flibel-addendum.mi&hmac=D8DCD86FE4238D24B431E0CD535CBD605655C282&2115%7CR2ILDLH9N79JEU.contentAssoc.2.id=1897597843&qk=qid%7Cref%5F%7Cs%7Csr&context=Reviews))




1 of 1 people found the following review helpful:
2.0 out of 5 stars Not even close, 27 May 2009
By Mikkel Christoffersen "Mikkel" (http://www.amazon.co.uk/gp/pdp/profile/AF7SGVUIOLHM/ref=cm_cr_dp_pdp) (Denmark) - See all my reviews (http://www.amazon.co.uk/gp/cdp/member-reviews/AF7SGVUIOLHM/ref=cm_cr_dp_auth_rev?ie=UTF8&sort%5Fby=MostRecentReview)
(REAL NAME)
The author produces currency forecasts for a Japanese bank using Ichimoku charts. This should make her uniquely qualified to write the first English-language introduction to this intriguing methodology. However, the book just does not work. We don't get to know Ichimoku charts better than what we can find for free on the web - in fact there's a web site with a forum devoted to Ichimoku which has more interesting material. The book also contains an explanation of a Japanese way of analysing wave structures and counting. Both methodologies are introduced and explained to some degree, but there's very little if anything on how to actually trade using these tools. You're left with a "that's kinda nice ... now what?" feeling. Search the web and trading forums for information about Ichimoku and ideas for incorporating it into your trading. Two stars for the initiative though. Ichimoku is indeed fascinating stuff.

peat
08-09-2009, 12:48 PM
So I found a bullish crossover above the cloud on the Aussie and went long last night at .8416. Obviously a bit of volatility through the NFP time but +85 this morning - will move stop up and lock in 50.

closed out half at +134 with remainder now closed out +117 (.8533) as tenkan approaches kijun on the hourly.

arco
08-09-2009, 03:28 PM
Nice trade Peat

Swissy has been short for about 600 pips on the weekly TF, looks like there may be another 600ish to go.

Using a simple wave ABC Elliott count which hopefully DB can confirm.

If correct this would also indicate Euro to go higher.

http://i32.tinypic.com/24qn69s.gif

arco
08-09-2009, 03:38 PM
.

Here's the Euro chart. Already done circa 600 on the weekly, with perhaps around the same to go before a top is in place. Forward Kumo has been signalling bullish for 6 weeks. Use the Swissy EW count in reverse.

http://i27.tinypic.com/20a84d2.gif

peat
08-09-2009, 05:27 PM
ok arco I've seen a few posts from you suggesting Eur is going higher now and I know enough not to go against this ;)
so managed to bail out of short euros just before this big spike....

arco
09-09-2009, 12:44 PM
I must have spooked it :D (Max was around 200 pips)

Got in a bit late, but took 50 pips off half last night with balance currently at +78


http://i30.tinypic.com/2wnscxi.gif

peat
09-09-2009, 01:17 PM
i'd been drawing that same triangle y'day but thought it would be unreliable as it went on too far and then it did a couple of false breakouts.
I didnt make any + pips but I prevented heaps of negative ones which is useful in itself.

arco
10-09-2009, 08:57 AM
And the beat goes on............could roll over soon

http://i31.tinypic.com/30suhi0.gif

arco
10-09-2009, 11:21 AM
Nice trade Peat

Swissy has been short for about 600 pips on the weekly TF, looks like there may be another 600ish to go.

Using a simple wave ABC Elliott count which hopefully DB can confirm.

If correct this would also indicate Euro to go higher.

http://i32.tinypic.com/24qn69s.gif

Coming along nicely - circa +200 pips

http://i30.tinypic.com/14cgzep.gif

arco
22-09-2009, 08:35 PM
http://i33.tinypic.com/10rjwac.jpg


http://i36.tinypic.com/28co9w1.gif

arco
23-09-2009, 06:28 PM
Short term trade off 15m

http://i37.tinypic.com/21o23bl.gif

arco
27-09-2009, 06:14 PM
Shame to waste a chart. Pulled this one up for a friend in the US.

Here it is for interest. Great short (black).

Starbucks.

http://i35.tinypic.com/2le0x1j.gif

arco
07-10-2009, 12:04 PM
Looks like a potential short might be forming,

Chikou is through, and the PA looks to have currently found some resistance at the KS. A Kumo break could be the next possibility

Spread is quite high on this pair

http://i33.tinypic.com/xnetch.gif

arco
11-10-2009, 07:29 PM
I closed some of these out +90 while I watched the US bomb the moon, and a few more got closed at .7680

http://i35.tinypic.com/j9vt02.gif

arco
20-10-2009, 06:36 PM
Aud weekly - amazing signals!!

Potential for hesitation in the grey box zone.

http://i34.tinypic.com/2s7t0rm.gif

arco
29-10-2009, 11:02 AM
A picture (or 3) speaks a thousand words.


http://i34.tinypic.com/k2izr4.gif


http://i37.tinypic.com/25q63kn.gif



http://i35.tinypic.com/bj7fch.gif

arco
19-12-2009, 04:34 PM
We’ve got a special treat for our blog members coming on January 5, 2010.

I will be making an instructional video showing you tips how to read and trade with Ichimoku.

This will only be made available to people who are blog members on 5 January – we’ll send you a special link where you can watch the video online.

If you’re new to charting this is going to give you a huge insight into how to pick the types of trades we do. And, even if you already know something about Ichimoku, you may still pick up a few tips and tricks.

arco
29-12-2009, 01:45 PM
+4200 pips from just one GBP.USD Ichimoku trade.

Become a blog member b4 5th Jan and see the Ichimoku Instructional Video

http://i50.tinypic.com/2zrkgmf.gif

arco
02-01-2010, 09:44 PM
For reference for anyone trading SGDJPY

Become a blog member before 5th Jan and get the Ichimoku Instructional Video

http://i49.tinypic.com/15xwhgw.gif

arco
08-01-2010, 03:02 PM
While we were enjoying our holidays this one sliiped out of the net

http://i48.tinypic.com/ejzg2x.jpg

Silverlight
20-01-2010, 03:43 PM
Hi there Arco & Peat.

Have been looking at this thread and reading through your notes on Ichi Moku, and wanted to know if you look for insight in the candles as well.

It seems most of the time you are getting into a position when two out of three indicators are bullish/ bearish, is this correct? Rather than waiting for all three.

Also wanted to know in which time frames the Ichi Moku charts work best. Does it work best for a weekly or daily chart or is it like most strategies where we look at multiple timeframes like 15min, 1 hour, 4 hour, daily weekly?

Cheers.

arco
20-01-2010, 04:39 PM
Hi there Arco & Peat.

Have been looking at this thread and reading through your notes on Ichi Moku, and wanted to know if you look for insight in the candles as well.

It seems most of the time you are getting into a position when two out of three indicators are bullish/ bearish, is this correct? Rather than waiting for all three.

Also wanted to know in which time frames the Ichi Moku charts work best. Does it work best for a weekly or daily chart or is it like most strategies where we look at multiple timeframes like 15min, 1 hour, 4 hour, daily weekly?

Cheers.

Hi Silverlight

Yes it can be used in conjunction with candle patterns.

You might not necessarily wait for say a Kumo crosssover because you might just be targeting the Kumo, but theres really much more to it than I can explain in one short post

The Japanese recommend to be used on daily/weekly, but I find it can work on all TFs from 5m up.

Rgds - Arco

.

peat
16-04-2010, 06:25 AM
look how TEL bounced off its cloud