Flirting with Ichimoku Kinko Hyo - Trading Journals | futures io social day trading
futures io futures trading


Flirting with Ichimoku Kinko Hyo
Updated: Views / Replies:19,574 / 51
Created: by SteveM Attachments:11

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 – 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 don’t 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
 11  
 
Thread Tools Search this Thread
 

Flirting with Ichimoku Kinko Hyo

  #21 (permalink)
Elite Member
Lisboa
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: interactive brokers
Favorite Futures: gold , silver , 6e , CL
 
pedrobraz's Avatar
 
Posts: 6 since Apr 2010
Thanks: 419 given, 2 received

time frames/ stop orders

Hi


I am also a ichimoku fan


Do you trade M15, M60 h4 an daily charts?


What time frame do you prefer?

A flat cloud could attract prices. Donīt you care about that?

During events/ news do you take trades on a stop after the cloud has been reached?

How can we project the point of the cloud where the breakout can happen?

Kind regards

Keep the good work

Reply With Quote
 
  #22 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

Hello pedrobraz

Good to hear that some one out there is an Ichinoku fan as well.

>>>> I use 2 set of time frames for 2 kinds of trading.

For day trading I use a 10 minute and a 120 minutes (2 hour) chart and for my longer time frame trading, I use 120 minutes (2 hour) and a daily chart. Although I prefer 2 hour and daily set of charts as it gives me more independence to do other things as compared to being glued to the monitor, all day long.

Most definitely YES. Flat cloud does attract price. But before it reaches the cloud, we have another support / resistence which could hold the price from going any further and that is Kijun Sen.

I use Kijun Sen +/- a buffer for my stops. If during the news time, my stop loss does not get hit and there is not too much of a gap between my price and the stop loss, I do not care and remain in my trade. However, if I find that my stop loss is too big as compared to my target of profit (Long or Short), I do trade out and do not wait for stop loss to be hit. I wait for my next opportunity thereafter.

There is no projection as to what is going to happen, even if the price is around the cloud. Price in the cloud (I am sure you know) is consolidation. However, to be able to project whether the price is likely to break the cloud or be held by the cloud (namely Senkou Span A and Senkou Span B), one has to go to the higer time frame and analyse whether it the higher time frame that is going to influence the trading time frame or it is the trading time frame which is going to influence the higher time frame.

Hope this explaination is helpful.




pedrobraz View Post
Hi


I am also a ichimoku fan


Do you trade M15, M60 h4 an daily charts?


What time frame do you prefer?

A flat cloud could attract prices. Donīt you care about that?

During events/ news do you take trades on a stop after the cloud has been reached?

How can we project the point of the cloud where the breakout can happen?

Kind regards

Keep the good work


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
Reply With Quote
 
  #23 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

First CL ever


Hello Everyone

Seeing every one doing CL, I decided to give it a try on CL based on my strategy of Kumo Break Out (Sim) Only).

It was great trade with 46 pips in the pocket and it being a runner (155 Pips) but I did not ride it.

Attached is the chart.

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-cl-aug15-2011.png  
Reply With Quote
 
  #24 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

Hello Again every one

My second day on CL. I am not much of a writer so I will share my trade with the help of a chart. Hope this chart will be self expanatory.

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-cl-aug16-2011.png  
Reply With Quote
 
  #25 (permalink)
Elite Member
Houston TX
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: TF
 
ticker's Avatar
 
Posts: 49 since Oct 2010
Thanks: 63 given, 9 received

Profit Targets?

Hi SteveM,
I am a recent fan of Ichimoku, wish I had seen it years ago. I find the Kumo Cloud breakouts to be great entries... often leading to a runner. However, I cant quite put together a good strategy for setting profit targets. How do you determine where to set your profit targets?

Many thanks for your posts and insights.

Ticker

Reply With Quote
 
  #26 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,218 since Jun 2009
Thanks: 628 given, 6,316 received
Forum Reputation: Legendary


SteveM View Post
Hello Everyone

Seeing every one doing CL, ...

because the rest has moved at molasses pace, es starts picking up somewhat.

Reply With Quote
 
  #27 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

First of all my apologies to all the followers of Ichimoku for not being consistent in my journal. I have had my tough luck with softwares and once each and every issue with my softwares were solved my computer hard drive crashed and I lost everything (pretty much). Am still in the process of installing all my softwares and setting up my charts. So Please bare with me.

@ticker: According to me Ichimoku is a great tool. I do not add any indicator whatsoever along with this indicator. Also, I am a big fan of Kumo Break Out Trades. This trade is invariably a runner. Once you have entered akumo break out trade, you need to scroll backwords and see of there is any flat part of Kijun Sen. That could be your target. If you do not find any flat Kijun Sen, then you could look for a flat Senkou B, by scrolling back. In case you feel there is none, then you may go to a higher time frame and determine any flat Tenkan Sen, Kijun Sen, Senkou B or even Senkou A. You will surely be able to find some within the vicinity. AND in case you feel (with regards to currency trades), there is nothing in the past to scroll back, then you will have to tighten your stop by being as close as possible to the Tenkan Sen so that you can maximise your profits.

Hope this helps.






ticker View Post
Hi SteveM
I am a recent fan of Ichimoku, wish I had seen it years ago. I find the Kumo Cloud breakouts to be great entries... often leading to a runner. However, I cant quite put together a good strategy for setting profit targets. How do you determine where to set your profit targets?

Many thanks for your posts and insights.

Ticker


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
Reply With Quote
 
  #28 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

Have not been trading since more then a week now, but seeing the way the market is moving, wondering whether to go back to ES or stick to CL ...... lol


cory View Post
because the rest has moved at molasses pace, es starts picking up somewhat.


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
Reply With Quote
 
  #29 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: Still not sure what is my favourite instrument.
 
SteveM's Avatar
 
Posts: 155 since Jul 2009
Thanks: 464 given, 109 received

Hello

After about 10 days of gap, I took my trade on TF. CL had already started to move when I opened up my platforms and was not willing to jump in the moving market. Took on etrade on TF and made 68 Ticks. Done and over with for the day. Attached is my chart for people who are interested in looking at it.

Extremely sorry if I am causing inconvenience to any one ....................

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-tf-aug-29-2011.png  
Reply With Quote
 
  #30 (permalink)
Elite Member
Atlanta, Georgia
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: ES
 
Posts: 1 since Dec 2011
Thanks: 17 given, 0 received


Steve -

Noobie here - trying to get some traction. Have sim'ed daytrading with a couple of different platforms for a couple of years (while my buy and hold efforts did poorly). Some say trading is simple and that may be correct when one looks at a chart at 4pm EST, but getting a handle on it real time is certainly not easy. I have discovered one can spend a good amount of effort only to learn there are quite a few dead-ends. Your Ichimoku thread looked promising, and I thank you for stepping out in public with it.

May I ask, what has been your experience with Ichimoku since your most recent post here?

Hope your physical recovery was short and favorable.

Thanks.

Reply With Quote

Reply



futures io > > > Flirting with Ichimoku Kinko Hyo

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NT7 and Ichimoku Kinko Hyo watrader NinjaTrader Programming 58 May 25th, 2016 05:01 PM
Ichimoku for Multicharts rani MultiCharts 16 April 28th, 2016 04:44 AM


All times are GMT -4. The time now is 02:51 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 2017-12-15 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.132.197