Applying Ichimoku Cloud Analysis on CL - Traders Hideout | futures io social day trading
futures io futures trading


Applying Ichimoku Cloud Analysis on CL
Updated: Views / Replies:2,843 / 17
Created: by vinod Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

Applying Ichimoku Cloud Analysis on CL

  #11 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 393 since Apr 2015
Thanks: 870 given, 475 received

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).

Reply With Quote
The following user says Thank You to Tymbeline for this post:
 
  #12 (permalink)
Elite Member
Madison, Wi
 
Futures Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Favorite Futures: CL,GC, HG
 
dbarno's Avatar
 
Posts: 68 since Jul 2012
Thanks: 143 given, 56 received

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.

Reply With Quote
The following user says Thank You to dbarno for this post:
 
  #13 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 393 since Apr 2015
Thanks: 870 given, 475 received



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.

Reply With Quote
The following 2 users say Thank You to Tymbeline for this post:
 
  #14 (permalink)
Membership Temporarily Revoked
Chennai/TamilNadu/India
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: Oil
 
Posts: 21 since Dec 2014
Thanks: 42 given, 16 received


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.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

RPS. VINOD

Reply With Quote
 
  #15 (permalink)
Elite Member
Madison, Wi
 
Futures Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Favorite Futures: CL,GC, HG
 
dbarno's Avatar
 
Posts: 68 since Jul 2012
Thanks: 143 given, 56 received

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.

Reply With Quote
 
  #16 (permalink)
Membership Temporarily Revoked
Chennai/TamilNadu/India
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: Oil
 
Posts: 21 since Dec 2014
Thanks: 42 given, 16 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


RPS. VINOD

Reply With Quote
 
  #17 (permalink)
Membership Temporarily Revoked
Chennai/TamilNadu/India
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: Oil
 
Posts: 21 since Dec 2014
Thanks: 42 given, 16 received


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

Reply With Quote
 
  #18 (permalink)
Elite Member
houston Texas/USA
 
Futures Experience: Beginner
Platform: thinkorswim
Favorite Futures: emini
 
Posts: 4 since Apr 2016
Thanks: 3 given, 1 received

Is there a custom scan for this on think or swim?


Sent from my iPad using futures.io futures trading

Reply With Quote

Reply



futures io > > > Applying Ichimoku Cloud Analysis on CL

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The CL Crude-analysis Thread tturner86 Commodities Futures Trading 2078 Yesterday 09:26 AM
Andrew Keene and Ichimoku Cloud GreatDane Trading Reviews and Vendors 5 October 29th, 2017 07:06 PM
Confused about "Currentbar", using Ichimoku Cloud WPITrader EasyLanguage Programming 9 April 1st, 2015 03:55 PM
CL Market Profile Analysis David_R Commodities Futures Trading 280 July 28th, 2014 01:45 PM
Webinar: Chris Capre on Ichimoku Cloud Trading Big Mike The Elite Circle 46 July 11th, 2014 03:31 AM


All times are GMT -4. The time now is 11:43 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-20 in 0.13 seconds with 20 queries on phoenix via your IP 54.145.117.60