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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



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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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  11. #11
    action-reaction arco's Avatar
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    .


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


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  12. #12
    action-reaction arco's Avatar
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    Quote Originally Posted by arco View Post
    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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  13. #13
    action-reaction arco's Avatar
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    Default Csco

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    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

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  14. #14
    Legend peat's Avatar
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    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?
    Last edited by peat; 06-07-2010 at 06:57 PM.
    For clarity, nothing I say is advice....

  15. #15
    Legend peat's Avatar
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    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
    For clarity, nothing I say is advice....

  16. #16
    Legend peat's Avatar
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    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.
    For clarity, nothing I say is advice....

  17. #17
    Legend peat's Avatar
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    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
    Last edited by peat; 08-07-2010 at 12:47 AM.
    For clarity, nothing I say is advice....

  18. #18
    Legend peat's Avatar
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    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.
    For clarity, nothing I say is advice....

  19. #19
    Legend peat's Avatar
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    over 60 points now
    could meet some resistance from the daily kumo tonight. lower senkou span currently at about 1097.
    For clarity, nothing I say is advice....

  20. #20
    Legend peat's Avatar
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    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
    Last edited by peat; 15-07-2010 at 07:04 AM.
    For clarity, nothing I say is advice....

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