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  1. #1
    action-reaction arco's Avatar
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    Default Ichimoku for US stocks

    Yahoo H4

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  2. #2
    Guru drillfix's Avatar
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    Quote Originally Posted by arco View Post
    Yahoo H4


    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.
    Last edited by drillfix; 13-11-2009 at 02:40 AM.

  3. #3
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    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.

  4. #4
    Guru drillfix's Avatar
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    Quote Originally Posted by Phaedrus View Post
    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.

  5. #5
    action-reaction arco's Avatar
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    Quote Originally Posted by Phaedrus View Post
    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).

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  6. #6
    action-reaction arco's Avatar
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    Quote Originally Posted by drillfix View Post
    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
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  7. #7
    action-reaction arco's Avatar
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    An Apple a day.................. = CASH



    Ichimoku Magic
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  8. #8
    action-reaction arco's Avatar
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    Dell - entry 13.67



    Ichimoku Magic
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  9. #9
    action-reaction arco's Avatar
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    .
    Dell - move stop to 13.95 - its a free ride



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  10. #10
    action-reaction arco's Avatar
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    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

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