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  1. #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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  2. #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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  3. #13
    action-reaction arco's Avatar
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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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  4. #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....

  5. #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....

  6. #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....

  7. #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....

  8. #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....

  9. #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....

  10. #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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