Favorite Futures: Still not sure what is my favourite instrument.
Posts: 155 since Jul 2009
Thanks: 464 given,
Flirting with Ichimoku Kinko Hyo
Hello every one.
Big Mike has mentioned in the other Ichimoku Thread to start an exclusive Ichimoku discussion thread. As I have been a follower of Ichimoku Kino Hyo since about a year and seen an immence improvement in my trading, I will be sharing my thoughts and my trades in this thread.
Here is the link for Ichimoku Kinko Hyo wiki as I am not going into the details of its existance.
If I may start with a question: are you using the 26 period displacement into the future for the cloud? If so, what is the rationale for this on intraday charts? (I understand the original idea of using a period corresponding to one month on daily charts.)
Yes I use the 26 period displacement into the future for the cloud. My rationale: I like to use the indicator in its original form and shape. I personally feel that the creator of any indicator has its own rationality in creating that particular indicator. Tweeking the indicator from its original form means a lot of study into WHYs and HOWs for the change and I am not intelligent enough to do that kind of a research and hence no change.
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
The following 2 users say Thank You to SteveM for this post:
Hope your surgery goes/went well, and that you have a good vacation.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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