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Applying Ichimoku Cloud Analysis on CL
Started:July 5th, 2015 (08:39 AM) by vinod Views / Replies:2,002 / 17
Last Reply:October 14th, 2016 (06:55 PM) Attachments:3

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Applying Ichimoku Cloud Analysis on CL

Old July 8th, 2015, 07:34 AM   #11 (permalink)
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This is some kind of tick-chart, perhaps? Outside my experience. (I don't open trades on the basis of Tenkan-Kijun crosses or when the price is in the kumo. I sometimes open them after two closes above/below the kumo, and that chart would have been good for me, on that basis).

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Old July 9th, 2015, 09:56 AM   #12 (permalink)
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Use the stock settings on ichimoku. When I added pivots my expectancy made a significant improvement. It's interesting how the flat kumo's and pivots form an "area". I have heard of some people trading the failure swings of chikou span. I suspect there are many ways to trade ichi other than the basic forms.

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Old July 9th, 2015, 12:02 PM   #13 (permalink)
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dbarno View Post
It's interesting how the flat kumo's and pivots form an "area".

It's certainly widely believed, in Ichimoku theory, that flat-topped and flat-bottomed kumo "attract the price".

People can also find what they look for, though: I can't help wondering whether there's any real evidence that they actually do so any more than any other, randomly-drawn lines. This thread is very instructive on the subject: https://futures.io/traders-hideout/7364-random-line-theory.html.

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Old July 12th, 2015, 02:49 PM   #14 (permalink)
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dbarno View Post
Use the stock settings on ichimoku. When I added pivots my expectancy made a significant improvement. It's interesting how the flat kumo's and pivots form an "area". I have heard of some people trading the failure swings of chikou span. I suspect there are many ways to trade ichi other than the basic forms.

Dear dbarno,

How to analyse Chikou Span along with other combination., this explanation 'll be very useful.


devdas View Post
Moving in price zone is what i am saying congestion and should be avoided.

See , when using ichi, trade setup i like should have this path development in order, ( say for long trades )

1) Tenken Sen - Kijun Sen Cross over.
2) Price come above Kumo ( some time it flutters with upper kumo )
3) Chikou Span comes in "Free Zone". ( With some experience it will be distinguishable what type of "Free Move" should be given hurry up priority. There will be occasion when

a) Chikou will be above all - Price, Tenken-Kijun and Kumo and beyond nearby affecting pivot high. -This is absolute "Free Zone"
b) Chikou will be above - Price ,Tenken-Kijun and Kumo.
c) Chikou will be above - Price and Tenken-Kijun.
d) Any combination including Price condition is must.

Often "Wait" will give everything align properly and then comes the risk part.

4) Above all 3 conditions setup premise for Long trade. Now comes the risk part. Because there will be many price in premise which will fulfill above. Our job is to strike when the price comes in our risk control. If it don't come don't bother , it will save from high risk and also lead us to wait for entry. So, in premise, when price pullbacks in/near confluence of Tenken-Kijun pair should be considered for entry and risk should be considered as price decisively close below Kijun.

See below example when it is not easy to filter out condition for buy , but "wait" and "risk" help us filter out finally.

Capital Letters are paired with small letters on Chikou Span.

All the points after A comes in the premise described above.

1st Look - A, B, C fall in flutter with Kumo and their risk is also too high. Risk is measured from Kijun.

2nd Look - D also have huge risk.

3rd Look - E and F comes as pullback and with respective risk of 22 and 12 points, and will be considered as Long Entry. Long taken at E and F should be exited at G for two reasons - first price hits risk measure and "g" enters back in price congestion. Loss taken on stop will be higher than estimated as it will be closed on bar close not on "touch".

4th Look - Long at H. Carefully look next bar will make chikou span bakc in price congestion after "h" hence small loss or take loss at "I" finally as price hits risk measure.

5th Look - J, K , L etc comes as winners of these filter process. Look also "L" finally possess absolute "Free zone" condition of category (a) above described.

Now what should be done , because in real time there will not be any right side. We must and must take trade at "E" ( or "F" ) and "H" also and take their exit/loss condition. Because Ichi is inherently Trend Following system - which makes small loss but big wins.

I have shown this example on non-time based chart, but they work even better on time based chart, i should say much better. Key will be the "Wait for best" and Ichi system gives the process of filtering best ones.


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RPS. VINOD

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Old July 12th, 2015, 04:22 PM   #15 (permalink)
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I also watch for divergences. Added an indicator to pick them out. Doesn't matter which one, one that works for you. If there is a way to pick up divergences from just watching the ichi, please let me know.

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Old July 14th, 2015, 10:30 AM   #16 (permalink)
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RPS. VINOD

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Old July 14th, 2015, 10:34 AM   #17 (permalink)
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dbarno View Post
I also watch for divergences. Added an indicator to pick them out. Doesn't matter which one, one that works for you. If there is a way to pick up divergences from just watching the ichi, please let me know.

Dear dbarno,

Can u elaborate regarding pick up divergences.? I 've no idea.

RPS. VINOD

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Old October 14th, 2016, 06:55 PM   #18 (permalink)
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Is there a custom scan for this on think or swim?


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