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Flirting with Ichimoku Kinko Hyo
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Flirting with Ichimoku Kinko Hyo

  #11 (permalink)
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Massive l View Post
I traded it exclusively for a year as well.

I broke it down in as many ways as possible.
You may like it.

The last pages in the journal are the best IMO

IB Trading Ichimoku

Good luck with your trading!

Interesting thread, with quite the conclusion - I guess that's why you ended it back in March:
Another thing I noticed after tweaking ichimoku for so long was that it didn't matter the settings, price would eventually react
to every single setting I tried. It kind of makes me feel that it's of no use.

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  #12 (permalink)
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Can you post a few charts please?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #13 (permalink)
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Hello every one

Back from my much needed vacation. My first job as I come back is to put alerts on the currency pairs that I like to trade in. As soon as any of the alerts get triggered, I shall get back here and share my analysis.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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  #14 (permalink)
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Today's NQ

Hello

I tried my hand for the first time on NQ (Sim). I am attaching my screen shot for the trade. As mentioned earlier, I am doing currency pairs and not futures. Trying my hand back on futures an right now am doing Sim only.
The strategy I used is Kumo Cloud Break Out.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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Flirting with Ichimoku Kinko Hyo-nq-july28-2011.png  
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  #15 (permalink)
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Hello

My second day on NQ (Sim). I took a Kumo Cloud Break Out Trade. Although the trade was taken at 8.30 (News Time), it was a perfect setup happening and I took the chance of taking the trade.

Kumo Cloud Break Out is a High Probability Trade Setup. It may have a bigger Stop Loss Margin requirement but as it is a high probability trade, it has more chances of winners than losers.

I am attaching a snap shot of my trade. Am going to explain a bit more about the strength of The Kumo Cloud over the weekend.

Have a great day guys.

Ps: Would like to add that I use Think or Swim as my charting platform and Ninja as my trading platform.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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Flirting with Ichimoku Kinko Hyo-nq-07292011.png  
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Moved by request of OP to Trading Journals



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Need help?
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  #17 (permalink)
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Hello All

Ichimoku Kinko Hyo is a trend trading charting system. This indicator is built of 5 indicators and this 1 indicator by itself is considered to be a complete indicator. Best of the Ichimoku followers do not add any other indicator and do not complicate life.
Tenkan sen (Conversion Line) is a 9 period range indicator.
Kijun Sen (Base Line) is a 26 period range indicator.
The Kumo Cloud is formed by using the Senkou Span A and Senkou Span B.
Senkou Span A is an 18 periods (app.) range indicator.
Senkou B is a 52 periods range indicator.
Chikou Span (Lagging Line) is today’s closing price shifted back 26 periods. This is a momentum indicator.
These are range indicators and not regular moving average indicators, unlike many who call them as yet another set of moving average indicators. These are the indicators with the volatility built in (High and Low Divided by 2) in a bar. They are different from regular moving average indicators as each and every moving average indicator is made from the closing price. The moving average does not have the volatility built in hence at times it gives false signals.
Senkou Span A acts as a Minor Support / Resistance and Senkou Span B acts as a Major Support / Resistance.
Current Bar above the Kumo Cloud means the trend is for going further high up. The top of the Cloud (Senkou A) is the first level of support and the bottom of the cloud (Senkou B) is the second and a bigger level of support.
Current Bar below the Kumo Cloud means the trend is for going further down. The bottom of the Cloud (Senkou A) is the first level of resistance and the top of the cloud (Senkou B) is the second and a bigger level of resistance.
I am not going through the formulas. Anyone looking to learn more about the formula and the calculation may kindly go in here: http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

More on Kumo Cloud soon.

Guys, Please ask questions as I am not very comfortable writing on my own. Will do my best though.

Have a wonderful weekend all.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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  #18 (permalink)
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Hello Every One

Once again, I was on NQ (Sim). I think I am getting more comfortable on NQ then on TF. After the 10.00 AM News (ISM Manufacturing), and the negative numbers, the market is falling down. However, I am not in the trade as I had already taken my trade and reached my target for the day as well as the next level of Support. The market has been 34 points down in NQ from my exit, but that does not bother me. Am not getting into any trade any more. Done for the day. I could have waited a bit longer and encashed on Kumo Break Out Strategy but did not do so as I already was 7 points up and was not going to let go my profit. Locked in 6.5 points, the market surged back, kicked me out and started to fall and I am fine with it. Just my thoughts.

Here is the snap shot of my trade.

I also have to make a request to traders who are reading this: Please ask me questions as I am not a very good writer on my own.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
Attached Thumbnails
Flirting with Ichimoku Kinko Hyo-nq-08012011.png  
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  #19 (permalink)
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Kumo Cloud

Thickness of the Kumo Cloud plays an important role. The thicker the cloud, the more consolidation range and less likely for the price to cross over to the other side of the cloud. Thinner cloud means more chances for the price break through on to the other side , which means the shift of the trend. It really does not matter if Senkou Span A is above or below Senkou Span B on the cloud. What matters is the thickness.

Crossover of the price onto the other side of the cloud is important. Unlike many Ichimoku Analysts, who believe that it does not matter when the price crooses over to the other side of the cloud, on the contrary, my personal opinion (with back testing) shows that a crossover of the price on the other side of the cloud means a trend reversal in formation.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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  #20 (permalink)
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Hello

I have not been taking any Futures' trades lately, due to the high volatility and the demand for the stop loss based on my system, being huge. My stop loss is Kijun Sen +/- a Buffer. Due to the sudden surge in the price and the Kijun not moving as much, the margin requirement (as per my strategy, for putting in a Stop Loss along with my entry) is huge. Therefore I have decided to stay away from these volatile markets and take some rest.

Thanks
Steve
Be like a JAGUAR. Crouching, perfectly still, waiting for the set up to come to you, then pouncing without hesitation or thought. You only need one to feed the family
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