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arco
19-10-2009, 02:40 PM
Yahoo H4

http://i33.tinypic.com/t8xi0h.gif

drillfix
13-11-2009, 02:37 AM
Yahoo H4

http://i33.tinypic.com/t8xi0h.gif


Hi arco,

Mate, few questions here if you dont mind sharing with us here about, where and what sources you use for broadening your knowledge on Ichimoku.

Also, do you often use it in your trading and if so, does it bare accuracy more often than not? or compared to western technicals?

Last info or favourites that you find exceptional sources would be greatly appreciated.

Phaedrus
17-11-2009, 06:30 PM
Drillfix, http://www.kumotrader.com/ichimoku_wiki claims to be "The definitive reference to the Ichimoku Kinko Hyo charting system". It provides a very detailed and clear explanation of the Ichimoku system including the five trading strategies.

I have been backtesting these five strategies against stocks and indices over 10 - 20 years of historical data. Initial results are disappointing.

drillfix
18-11-2009, 01:00 AM
Drillfix, http://www.kumotrader.com/ichimoku_wiki claims to be "The definitive reference to the Ichimoku Kinko Hyo charting system". It provides a very detailed and clear explanation of the Ichimoku system including the five trading strategies.

I have been backtesting these five strategies against stocks and indices over 10 - 20 years of historical data. Initial results are disappointing.


Phaedrus thanks for the link you posted, although sorry to hear the back testing results from that data you had has brought disappointment.

arco
02-12-2009, 04:38 PM
Drillfix, http://www.kumotrader.com/ichimoku_wiki claims to be "The definitive reference to the Ichimoku Kinko Hyo charting system". It provides a very detailed and clear explanation of the Ichimoku system including the five trading strategies.

I have been backtesting these five strategies against stocks and indices over 10 - 20 years of historical data. Initial results are disappointing.

Hi Phaedrus
I think its hard to mechanically back-test Ichimoku. It definitely needs the human touch IMHO

e.g. In this trade below a human would really need to consider where to enter the short, and there are several considerations for going short. e.g. One gained $2 another about $1.

Ichimoku - one glance cloud chart, which is something a computer cant do (yet).

http://i47.tinypic.com/oic5ec.gif

arco
02-12-2009, 04:44 PM
Hi arco,

Mate, few questions here if you dont mind sharing with us here about, where and what sources you use for broadening your knowledge on Ichimoku.

Also, do you often use it in your trading and if so, does it bare accuracy more often than not? or compared to western technicals?

Last info or favourites that you find exceptional sources would be greatly appreciated.

There's no excellent source of info. Phaedrus mentioned one which is basic stuff, and there are no really good books on the subject as yet. After studying the method for around 8 years I could probably write a book but I dont have the time or inclination to tackle the job.

The best way to learn is to trawl through loads of charts and find the subtle nuances of the system. Only then will you understand it fully

rgds - arco

arco
29-12-2009, 01:53 PM
An Apple a day.................. = CASH

http://i47.tinypic.com/16028z.gif

Ichimoku Magic :)

arco
29-12-2009, 02:01 PM
Dell - entry 13.67

http://i50.tinypic.com/k8906.gif

Ichimoku Magic :)

arco
31-12-2009, 02:29 PM
.
Dell - move stop to 13.95 - its a free ride

http://i46.tinypic.com/55p0ft.gif

Learn the Ichimoku Magic :)

arco
11-03-2010, 08:17 PM
Ichimoku System indicated buys on AIG at $29.50 and $30.50 two/three days ago.
Current position looks for some potential hesitation in the yellow box zone where Chikou resistance is positioned.

GTA - Arco

http://i43.tinypic.com/10xue6b.gif

arco
11-03-2010, 08:29 PM
.


The abandoned Doji / Star looks ominous coming as it does in the area of Chikou resistance.


http://i42.tinypic.com/iejqrl.gif

arco
14-03-2010, 04:13 PM
Ichimoku System indicated buys on AIG at $29.50 and $30.50 two/three days ago.
Current position looks for some potential hesitation in the yellow box zone where Chikou resistance is positioned.

GTA - Arco

http://i43.tinypic.com/10xue6b.gif

RESULT

http://i40.tinypic.com/v67jn7.jpg



Result

arco
14-03-2010, 04:15 PM
.
Ichimoku confirmed a buy on the 1st March, but caution where the Chikou potential resistance lies (yellow box). I would expect to see a retracement at this point

http://i44.tinypic.com/25gcsn5.jpg

peat
06-07-2010, 06:51 PM
its the first time in two weeks that the SP500 price has penetrated through the cloud on the hourly.
no tenkan crossover yet so technically not even an actual weak buy signal yet but chiku has gone through price and there is a thin cloud here so would seem to be the first serious attempt at a rally. Has it got any legs?

peat
06-07-2010, 08:51 PM
Ichi uses time AND price in determining its levels and thus triggers.
aa, there is a thread on Ichi in the forex forum - buried in that is the understanding of the components and the triggers for trades

peat
07-07-2010, 12:25 AM
some easy points already for those game to long
i get good entries from ichimoku but its poor at exiting a trade without giving large chunks back.

peat
08-07-2010, 12:44 AM
tenkan/kijun crossover did happen yesterday when price was above cloud which is a strong buy signal
which it countered with a weak sell signal as they recrossed but has seemed to find some support on the cloud and looking like it might give bulls some fun tonight

peat
09-07-2010, 07:32 AM
40 odd points since I re-opened this thread with a bullish question and then confirmation
overnight we had to wait for consolidation of the gains as shown by chiku (black) steadily drawing closer to price and then finding early support from it
the only warning would be divergence on the RSI (not shown) and some slowing of momentum although that picked up at the end of the(ir) day.

peat
13-07-2010, 09:01 PM
over 60 points now
could meet some resistance from the daily kumo tonight. lower senkou span currently at about 1097.

peat
15-07-2010, 06:59 AM
we hit the (daily) cloud for our first serious resistance but the flatline top of the cloud at 1127 is acting as a powerful attractor

on the hourly although we've seen the tenkan cross its only a weak sell signal above the cloud so we're still likely to see cloud support

peat
16-07-2010, 12:50 AM
doesnt look like cloud support is holding... not a night to be long anymore.
may find support at 1085 but if not its good night nurse.

peat
17-07-2010, 12:46 AM
there was some support at the lower edge of the cloud but now we're over the thin part of it and breaking to the downside for another test...

peat
17-07-2010, 08:17 AM
Indeed once we broke through this time there was a significant move.
There are a number of ways to trade using the ichimoku cloud http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies
but as you can see from this zoom out trading primarily in the direction of price relative to the cloud on the hourly ichimoku is capturing the meat of the moves with only minimal chop.
I have my personal bias re direction but theres a time to add and a time to reduce. Price above or below cloud is telling me when.

peat
19-07-2010, 01:53 PM
In response to the most recent comments on the SP500 thread here is the ichimoku view on the weekly time frame

The tenkan has crossed kijun a few weeks ago (blue line under red line). This is issuing a weak sell signal. Chiku (black line based on todays price set back 26 periods) has broken through price confirming that sell signal.
But price is still on the upper edge of the cloud and so finding support from it. Also - not Ichi - note RSI divergence over the last couple of months

So we are not in all out bear territory yet according to Ichi but the further we move into the cloud (the area of indecision and unpredictability) the more we are breaking the trend and counteracting the bullish phase from May last year when we had a weak buy signal which was later confirmed in Sept when price broke through the cloud to the upside.

In some way depending how you want to work with Ichi it is saying if you have the balls to believe in the uptrends continuation then now is a good time to buy but its also warning of the distinct possibility of that trend being broken.

Never any easy answers eh? ;+)

I think if we go any deeper into the cloud over the next couple of weeks we will probably end up hitting the flatline lower edge of the cloud currently at 908. If we break through that then its armegeddon
So as others are saying in the other thread there is still a case for longs on the weekly time frame but that case is currently being asked the hard questions as to its continuation.

peat
21-07-2010, 10:32 AM
so maybe the weekly bull situation still holds ?

on the hourly shown here we ran the bearish cause for a couple of days with a weak buy signal at the start of the 20th and then only a few hours later this was countermanded with a supposedly strong sell signal (tho this only gave a max of 10 points).

3 hammers last night indicated levels of support around the 1055 level (well done a77) and then a bullish engulfing confirmed a strong rally that didnt stop at any of the cloud barriers but zoomed its way right through to the bullish side of the cloud and in doing so tenkan crossed kijun within in the cloud issuing a medium strength buy signal.

peat
22-07-2010, 08:41 AM
the hourly didnt give much from that medium strength buy signal , same as the previous sell signal only a max of 5 points was offered before turning to test ones resolution. Right now - see pic - we're right on the cusp of being reversed again. There is no actual tenkan cross yet and price is sitting on the edge of the lower cloud - make or break for any long positions established on the medium buy signal - pretty much jerkin us round as trending indicators are wont to do.

update a few hours later :
due to ichi being time and price based even though price hasnt changed much tenkan has now crossed and price below cloud.... so that means the downward trend has resumed.

ananda77
22-07-2010, 05:12 PM
...and the Bull/Bear conflict continues

David Rosenberg: The Meat Grinder Market