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TF thread (Russell 2000) ... anything goes


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TF thread (Russell 2000) ... anything goes

  #811 (permalink)
meow
Bangkok+Thailand
 
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All i can see that you enter long or short as the price crossing red line. What else to that system? What are the filters/conditions?


kbit View Post
In at the blue arrow and then short* at the red arrow. Could have gone long again at the next blue arrow( I didn't because I had to leave ) and would have been out at the shaded box....where it crossed the KS

* I got out of long and went short because ALL my charts were telling me to go short.



Edit: By the way that translates into 60 ticks just on the long I took...I'm really surprised after all this Ichimoku I'm posting here that I'm seemingly the only one that trades it...I guess you guys must be doing better than I am.

I'm not selling anything just pointing out how nice this is...don't need anything else.... That said, I do still look at a tick chart or two but when Ichimoku gives me something (which is pretty much everyday) I jump in.

I know there are those who look at fifty two different charts and correlations and all that other crap but why ?
Just my two cents...


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  #812 (permalink)
 
kbit's Avatar
 kbit 
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meow View Post
All i can see that you enter long or short as the price crossing red line. What else to that system? What are the filters/conditions?

Check out this :https://nexusfi.com/webinars/dec6_2011/manesh_patel_ichimoku/

I trade it just like he does more or less.

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  #813 (permalink)
meow
Bangkok+Thailand
 
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Thanks, I cant see this webinar, but I found other presentations of Manesh on youtube. I guess its same system? Spotlight On ... Manesh Patel - YouTube


kbit View Post
Check out this :https://nexusfi.com/webinars/dec6_2011/manesh_patel_ichimoku/

I trade it just like he does more or less.


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  #814 (permalink)
 
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 kbit 
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meow View Post
Thanks, I cant see this webinar, but I found other presentations of Manesh on youtube. I guess its same system? Spotlight On ... Manesh Patel - YouTube

Yep, that's it. it's not that hard to figure out once you get the explanation.
I will say that I don't just blindly jump on cloud breaks or some of the other setups without seeing some kind of PA I like.

You can used time, tick or whatever suits you to give you good signals, I prefer Kase bars. You can also just trade breaks or crosses as Patel or others might do it without good PA to back it up but my way is more likely to produce winners.

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  #815 (permalink)
 
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 kbit 
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Here's todays chart. This trade Identified by the red arrow for entry and the box for exit is one I missed because I was waiting for some kind of PA that I like after it broke through the cloud.

Others that just jump on breakouts would have got that one. I did get a couple trades today but in comparison to that move they're not worth mentioning.

Anyway, today is an example of trades you can miss by waiting for PA that is to your liking but in the long run my way is better in that it's less susceptible to getting into false breakouts. Generally speaking I like to see at least some kind of pullback and then some sign to jump on it.


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  #816 (permalink)
 dnkhoward2 
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Hi @kbit,

I did a search on this thread for everything you have mentioned concerning kase bars. I have googled, checked Big Mike's here, and looked on the kase website to find minute based kase bars for ninja. The only thing available I have found are range based kase bars. They don't look anything like yours and neither do minute bars themselves. Do you know of a setting that would be comparable to the kase bars you use? They are quite nice.

Thanks for any info

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  #817 (permalink)
 
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 kbit 
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dnkhoward2 View Post
Hi @kbit,

I did a search on this thread for everything you have mentioned concerning kase bars. I have googled, checked Big Mike's here, and looked on the kase website to find minute based kase bars for ninja. The only thing available I have found are range based kase bars. They don't look anything like yours and neither do minute bars themselves. Do you know of a setting that would be comparable to the kase bars you use? They are quite nice.

Thanks for any info

I had somebody ask this a while back that used ninja and he couldn't duplicate my chart either. I never used ninja so can't really help in that regard. My suggestion is to just play around with whatever you can find and try every setting you can think of to come up with something that looks good.

As a side note, the settings I use for my Kase charts are not even close to the "recommended" settings by Kase herself.
She recommends some setting based on ATR or something which I tried initially but thought it sucked frankly.

Based on my experience figuring out settings for tick charts, I applied the same thing for Kase which is simply to keep changing the settings until I got good definable candles(pinbars as an example) at swing highs and lows.

If you can identify the turning points, that's half the game.

If the Kase thing doesn't work out for you try tick maybe. that would be my next choice. I use a 2000 and a 1597 tick.

Some guys use 15 and 30m charts but they're not my preference and really don't look at anything other than Kase, 240m, and daily in regards to ichimoku....the higher frames for just a potential bias in terms of direction.

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  #818 (permalink)
 dnkhoward2 
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Thank you.

I mostly trade NQ. I have a minute and 610 tick for my shortest term charts that I use. I just think that minute kase shows a smoother movement of a minute bar better. I'll just keep my usual settings until a minute based kase bar comes out for ninja to replace my minute bar chart.

I e mailed the kase website to see if they have this available or will make it available for ninja. I'll let your readers know if I find anything if it's ok with you.

Thanks for your reply

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  #819 (permalink)
 
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 kbit 
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dnkhoward2 View Post
Thank you.

I mostly trade NQ. I have a minute and 610 tick for my shortest term charts that I use. I just think that minute kase shows a smoother movement of a minute bar better. I'll just keep my usual settings until a minute based kase bar comes out for ninja to replace my minute bar chart.

I e mailed the kase website to see if they have this available or will make it available for ninja. I'll let your readers know if I find anything if it's ok with you.

Thanks for your reply

Just for clarification, on my chart it says 1min but that is NOT a 1 minute bar. Kase bars are not based on time, some bars can formed in 1 minute, some for instance at night can take 3 hours to form.
The 1min is in regards to a setting for the Kase bar, it alternatively could be set at tick and it has something to do with where it gets data from.
You may have known this but just wanted to make sure.

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  #820 (permalink)
 
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 Scalpingtrader 
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@kbit

Do you mind if I drop my daily prep on TF here every once in a while?
Or is this thread rather "Itchymoku-Only" these days?

Charts would be 21 BetterRenko w/ structure areas, trend channel and daily ranges. Pretty clean and easy to grasp the underlying concepts imo.

Anyway, keep up your work

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