I'm trying to explore more ichimoku trading strategy, i found chinkou crossing both (kijun & tenkan) on Australian dollar can catch 25 pips. but visually, need help to converting this strategy become a sign or arrow (up/down).Attachment 2554
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I'm trying to explore more ichimoku trading strategy, i found chinkou crossing both (kijun & tenkan) on Australian dollar can catch 25 pips. but visually, need help to converting this strategy become a sign or arrow (up/down).Attachment 2554
Hi wanaxau,
As I remember (if I am wrong so sorry) - this IchimokuSystem_v1 indicator is having arrows on kijun/tenkan crossing (indicator is here).
As I understand - you are talking about chinkou span crossing both (kijun & tenkan), right?
Hi wanaxau,
Please take a look at this post.
I suppose it's what you are looking for.
Regards,
Igor
Quik Ichimoku Tip - Importance of the Chikou span
Find the timeframe that shows Ichimoku dominance then focus on the chikou span for your breakout or breakdown signals - day traders use 1m 5m 15m, swing traders 60m, 240m
http://youtu.be/m0xnq9gLLJg
Ms Nicole Elliott have published a book, "An Introduction To Ichimoku Kinko Cloud" long ago. It is great for beginners to learn Ichimoku Kinko Hyo.
Here is ichimoku monitor, monitoring ichimoku signal on multi timeframe, based off various ichimoku strategies. I only have the ex4 file. It might be useful for some.
Attachment 2821
Thanks. It is the link to amazon for example.
I think - it is indicating uptrend or downtrend (long or short) based on the location of the price compare with the cloud. yes, it is good indicator.
Attachment 2825
Rob Booker Ichimoku Cloud For Stocks
A simple way to use support and resistance and the Ichimoku Cloud to set up trades on your favorite stocks.
http://youtu.be/hGrxL5U7YaY
Ichimoku Cloud
Ichimoku Cloud is a popular Japanese trending indicator. You can use Ichimoku Cloud to identity the trend of most markets. Ichimoku Cloud is best used with candle stick charts. The best time frames to use Ichimoku Cloud is Daily, 60 min and 10 min.
http://youtu.be/Vx0LaeUryCo
The Ichimoku KISS Concept
Here is a video explaining how to trade with a simple concept using the Ichimoku system. I have removed the Tenkan and the Chikou Span and trade with the Kijun and the Kumo.
Before deciding whether or not to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
http://www.youtube.com/watch?v=tEeXmsonRZo&feature=share&list=PLpQNztrXNo cEpyqgABlBEfDJCDtm0PGsq
Trading Kumo Breakouts with the ADX
In this video I will show you how to use the (ADX) Average Daily Index and the Currency Strength Index to trade breakouts of important levels such as Kumo breaks, Fractal breaks and support and resistance.
http://youtu.be/KvkP-tUWTZk
Ichimoku Basics for the beginner
This is a video for learning the basics of Ichimoku. The video will cover all of the components and what to look for and also how to trade 2 of the ichimoku signals.
http://youtu.be/Y9QM8WRRWzE
This is Alternative_Ichimoku_cfb_mtf indicator with all kinds of alert
===========
lucas settings:
//| Pair Time SSP SSK
//| EURGBP 4H 44 38
//| CADCHF 4H 62 52
//| CADJPY 4H 48 36
//| GBPUSD 4H 44 36
//| GBPCHF 4H 34 29
//| GBPJPY 4H 36 29
//| EURUSD 4H 34 34
//| EURCHF 4H 72 50
//| EURJPY 4H 72 36
//| USDCAD 4H 24 60
//| USDCHF 4H 34 29
//| USDJPY 4H 34 29
===========
===========Code:TimeFrame = "Current time frame";
ShortLimit = 10;
LongLimit = 20;
CfbNormLength = 50;
CfbDepth = 6;
CfbPrice = PRICE_WEIGHTED;
CfbSmooth = 8;
SmoothLength = 50;
SmoothPhase = 0;
SmoothDouble = true;
SSK = 5;
Interpolate = true;
alertsOn = true;
alertsOnCurrent = false;
alertsMessage = true;
alertsSound = true;
alertsEmail = false;
Attachment 3219
Attachment 3217
Learning the Ichimoku components
Here we give a quick overview of the Ichimoku components. Next video will talk about reading the market and the signals generated by the Ichimoku. Also we will learn how to trade this system in the next video so keep an eye out!
http://youtu.be/pJdqJLe-H90
Ichimoku trading tenkan-sen kijun-sen cross
Here we start to go over the trading signals of the ichimoku system. In this video we only talk about your Tekan-sen & Kijun-sen cross (TK Cross). We go over entry signals, strength of signal, stop-loss, profit target and filtering out the signals. We will go over the other signals in other video but until then hopefully someone is getting something from this.
http://youtu.be/EesMcWq46Vw
Ichimoku trading tenkan-sen kijun-sen cross Part 2
Second part of the TK Cross video explaining about the Kumo future as a filter on your cross.
http://youtu.be/BzaHmzr9jXU
Here is a pdf version from ichioku wiki. The ichimoku wiki was where i learn alot about ichimoku and their forum members are all great and helpful. At that time ichimoku wiki was the only resources to learn ichimoku in English. Inside the pdf written full explanation of ichimoku kinko hyo components, their calculation, signal generated from ichimoku, strategies based off ichimoku and so on. The wiki was written by Ian Boersma fx and Huntfx, which later on the whole wiki (including forum) taken over by Manesh Patel.
How to use the Ichimoku System as Support and Resistance
Here is a video explaining how to use the Kumo as support and resistance for future reference on your charts.
http://youtu.be/o8M8YkNGdYc
Ichimoku - Senkou Span A And Senkou Span B
==========
Senkou Span A - 1st leading line
The average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead.
(Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 26 trading days ahead, i.e. into the future. It is primarily used in combination with the Senkou Span B to form the Kumo (cloud), to indicate probable future support and resistance levels.
As price tends to respect prior support and resistance levels, time-shifting this line forward gives a visual representation of how the price on a date relates to support and resistance from 26 trading days prior.
The trend is deemed to be bearish when the Senkou Span A is below the Senkou Span B and bullish when it is above.
==========
Senkou Span B - 2nd leading line
The average of the highest high and lowest low over the last 52 days, plotted 26 days ahead.
(Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 52 trading days is plotted 26 trading days ahead, i.e. into the future. As such it is the longest term representation of equilibrium in the Ichimoku system. It is primarily used in combination with the Senkou Span A to form the Kumo (cloud), to indicate probable future support and resistance levels.
As price tends to respect prior support and resistance levels, time-shifting this line forward gives a visual representation of how the price on a date relates to support and resistance from 52 trading days prior.
The trend is deemed to be bearish when the Senkou Span A is below the Senkou Span B and bullish when it is above.
==========
http://youtu.be/xPtyGuEKayk
Ichimoku - Chikou Span
Chikou Span - Lagging line
Attachment 3469
The closing price plotted 26 days behind.
The Chikou Span, also known as the Lagging line, is the closing price plotted 26 trading days behind, i.e. into the past, providing an at-a-glance view of how the price compares to that 26 days ago.
The trend is deemed to be upward when the Chikou Span is above the closing prices and downward when it is below them. The relationship is not always clear when looking at historical data, but becomes more obvious when looking at current charts.
The Chikou Span is also considered of use for confirmation of trends, momentum, and support and resistance levels highlighted by the other Ichimoku elements.
http://youtu.be/lcFCIXx0YPU
Here is example overall market condition of GBPUSD H4 chart. A very strong bearish sentiment for this currency pair, all 5 ichimoku components pointing down. Just for information.
Attachment 3475
Ichimoku trading tenkan-sen kijun-sen cross
Tenkan Sen / Kijun Sen CrossQuote:
Here I start to go over the trading signals of the ichimoku system. In this video I only talk about your Tekan-sen & Kijun-sen cross (TK Cross). I go over entry signals, strength of signal, stop-loss, profit target and filtering out the signals. I will go over the other signals in other video but until then hopefully someone is getting something from this. Thanks and God bless!
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).
1.1. A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen
- A weak bullish signal occurs when the cross is below the Kumo.
- A neutral bullish signal occurs when the cross is inside the Kumo.
- A strong bullish signal occurs when the cross is above the Kumo.
1.2. A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen
- A weak bearish signal occurs when the cross is above the Kumo.
- A neutral bearish signal occurs when the cross is inside the Kumo.
- A strong bearish signal occurs when the cross is below the Kumo.
http://youtu.be/EesMcWq46Vw
Ichimoku trading tenkan-sen kijun-sen cross Part #2
http://youtu.be/BzaHmzr9jXU
APF Kumo Support Resistance
We discuss how the Kumo cloud serves as an effective support or resistance, the difference between thick and thin clouds, and how they provide us information on current price sentiment.
Kumo Breakout
The Kumo Breakout signal occurs when the price leaves or crosses the Kumo (Cloud).
- A bullish signal occurs when the price goes upwards through the top of the Kumo.
- A bearish signal occurs when the price goes downwards through the bottom of the Kumo.
http://youtu.be/R0Z3f8DpKZo
ichi360v8 indicator
This indicator coded based on ichimoku tenkan/kijun cross signal strategy. It will shows 3 signal of tenkan/kijun cross, weak (below kumo cloud), medium (inside kumo cloud) and strong cross (about kumo cloud), then automatically plot lines in the section where tenkan/kijun cross and triggered entry. Trend biased is based on price action against the kumo cloud.
How to read ichi380v8 :
Section1:
-PA: Price Action
-P/KS: Price/Kijun Sen
-TS/KS: Tenkan Sen/Kijun Sen
-CS: Chikou Span
Section2:
-Current open position statistics
Section3:
-“Next Levels of Possible Support / Resistance”, these are the levels where price can make a reversal/pause, hence these are good levels for setting stop-loss and take-profit.
Indicator come with alert and email alert.
For example buy signal shown by ichi360v8 on EURUSD daily chart :
Attachment 3590
Sell Signal on USDCHF daily chart :
Attachment 3591
12. APF Chikou Span
In this video, we discuss in detail the Chikou Span, how it is derived, how it interprets current price action, and very importantly, how it serves as a confirmation before entering a trade.
==================
Chikou Span - Lagging line
The closing price plotted 26 days behind.
The Chikou Span, also known as the Lagging line, is the closing price plotted 26 trading days behind, i.e. into the past, providing an at-a-glance view of how the price compares to that 26 days ago.
The trend is deemed to be upward when the Chikou Span is above the closing prices and downward when it is below them. The relationship is not always clear when looking at historical data, but becomes more obvious when looking at current charts.
The Chikou Span is also considered of use for confirmation of trends, momentum, and support and resistance levels highlighted by the other Ichimoku elements.
==================
http://youtu.be/m7pBcnUW7JU
Setting Profit Targets
In this video I will be discussing a few ways to set a target level for your trade. Before entering a trade you should always have the details mapped out and planned as far as your entry level, stop loss level and target level. This should all be in accordance with your money management.
Before deciding whether or not to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
http://youtu.be/ZjY-Fj0iITg
i do not know how to share but these are the staticts
Attachment 3790
I won because i followed Newdigital coments and howtobasic threads. All people must read howtobasic threads.
Thank u Nd for your great effort.
I won everyday
Thank u Nd for second time. These are today results.
Wish all people make pips with the help of these wonderful threads.
Attachment 3915
hi levoniyas,
Great results, can you tell us more about how you are trading? Which system are you using and timeframe? Thanks.
Hi Dangio
First of all i read Newdigital's posts. And i try to use ichi as it explained at this thread.
I'm using ichi cloud. 5M for trading, 15M for confirming.
That is all.
Basicly
Attachment 3932
Attachment 3933
hi levoniyas,
can you please explain about that's 3 line?
Hi TIMisthebest
Sorry i was busy today.
it is simple TMA indicator.
Episode 63: Ichimoku Clouds -- The One-Look Equilibrium Chart
Many traders are asked what indicator they would wish to never do without. The answer has never wavered as there is one indicator that clearly illustrates the current trend, helps you time entries, displays support and resistance, clarifies momentum, and shows you when a trend has likely reversed. That indicator is Ichimoku Kinko Hyo or more casually known as Ichimoku.
Ichimoku is a technical or chart indicator that is also a trend trading system in and of itself. The creator of the indicator, Goichi Hosada, introduced Ichimoku as a “one glance” indicator so that in a few seconds you are able to determine whether a tradable trend is present or if you should wait for a better set-up on a specific pair.
Before we break down the components of the indicator in a clear and relatable manner, there are a few helpful things to understand. Ichimoku can be used in both rising and falling markets and can be used in all time frames for any liquid trading instrument. The only time to not use Ichimoku is when no clear trend is present.
Always Start With the Cloud
The cloud is composed of two dynamic lines that are meant to serve multiple functions. However, the primary purpose of the cloud is to help you identify the trend of current price in relation to past price action. Given that protecting your capital is the main battle every trader must face, the cloud helps you to place stops and recognize when you should be bullish or bearish. Many traders will focus on candlesticks or price action analysis around the cloud to see if a decisive reversal or continuation pattern is taking shape.
http://c.mql5.com/3/25/xauusd-d1-met...shot-27596.png
In the simplest terms, traders who utilize Ichimoku should look for buying entries when price is above the cloud. When price is below the cloud, traders should be looking for temporary corrections higher to enter a sell order in the direction of the trend. The cloud is the cornerstone of all Ichimoku analysis and as such it is the most vital aspect to the indicator.
Time Entries with the Trigger & Base Line
Once you have built a bias of whether to look for buy or sell signals with the cloud, you can then turn to the two unique moving averages provided by Ichimoku. The fast moving average is a 9 period moving average and the slow moving average is a 26 period moving average by default. What is unique about these moving averages is that unlike their western counterparts, the calculation is built on mid-prices as opposed to closing prices. I often refer to the fast moving average as the trigger line and the slow moving average as the base line.
http://c.mql5.com/3/25/eurusd-m15-me...shot-62503.png
The Ichimoku components are introduced in a specific order because that is how you should analyze or trade the market. Once you’ve confirmed the trend by recognizing price as being below or above the cloud, you can move to the moving averages. If price is above the cloud and the trigger crosses above the base line you have the makings of a buy signal. If price is below the cloud and the trigger crosses below the base line you have the makings of a sell signal.
Confirm Entries with the Mysterious Lagging Line
In addition to the mystery of the cloud, the lagging line often confuses traders. This shouldn’t be the case as it’s a very simple line that is the close of the current candle pushed back 26 periods. When studying Ichimoku, I found that this line was considered by most traditional Japanese traders who utilize mainly Ichimoku as one of the most important components of the indicator.
Once price has broken above or below the cloud and the trigger line is crossing the base line with the trend, you can look to the lagging line as confirmation. The lagging line can best confirm the trade by breaking either above the cloud in a new uptrend or below the cloud in a developing downtrend. Looking above, you can see that the trend often gathers steam nicely after the lagging line breaks through the cloud. Another benefit of using the lagging line as a confirmation indicator is that the lagging line can build patience and discipline in your trading because you won’t be chasing the initial thrust but rather waiting for the correction to play out before entering in the direction of the overall trend.
Trading With Ichimoku Checklist
Now that you know the components of Ichimoku here is a checklist that you can print off or use to keep the main components of this dynamic trend following system:
Ichimoku Checklist:
1.Where is Price in Relation to the Cloud?
- Above the cloud -filtered for buy only signals
- In the Cloud - be cautious but ready to jump in on the prior trend or finesse a current position. what the candle stick formations heavily
- Below the cloud - filtered for short only trades
2. Is price consistently on one side of the cloud or is price whipping around on both sides consistently?
- Ichimoku is best used with clear trends and should be set aside during ranging markets.
3. Which level of the Ichimoku would like to use to place your stop?
- If you use Ichimoku to place stops as well, you can either use the cloud or the base line.
http://c.mql5.com/3/25/gbpusd-m30-me...shot-54681.png
http://youtu.be/YouA0ze6IxA
Ichimoku: Strategies, Setups and What to Watch for
Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud.
This indicator is not only easy to learn, but highly accurate in giving JPY trading signals. When one learns how to use it correctly, one can build a very high accuracy and profit ratio trading the JPY pairs which can be some of the most volatile. Taking this class can give you a chance to master trading the yen and learn a unique approach to trading the Asian pairs as a whole.
Ichimoku Cloud
Many traders are asked what indicator they would wish to never do without. The answer has never wavered as there is one indicator that clearly illustrates the current trend, helps you time entries, displays support and resistance, clarifies momentum, and shows you when a trend has likely reversed. That indicator is Ichimoku Kinko Hyo or more casually known as Ichimoku.
Ichimoku is a technical or chart indicator that is also a trend trading system in and of itself. The creator of the indicator, Goichi Hosada, introduced Ichimoku as a “one glance” indicator so that in a few seconds you are able to determine whether a tradable trend is present or if you should wait for a better set-up on a specific pair.
Before we break down the components of the indicator in a clear and relatable manner, there are a few helpful things to understand. Ichimoku can be used in both rising and falling markets and can be used in all time frames for any liquid trading instrument. The only time to not use Ichimoku is when no clear trend is present.
Always Start With the Cloud
The cloud is composed of two dynamic lines that are meant to serve multiple functions. However, the primary purpose of the cloud is to help you identify the trend of current price in relation to past price action. Given that protecting your capital is the main battle every trader must face, the cloud helps you to place stops and recognize when you should be bullish or bearish. Many traders will focus on candlesticks or price action analysis around the cloud to see if a decisive reversal or continuation pattern is taking shape.
http://c.mql5cdn.com/3/25/xauusd-d1-...shot-27596.png
In the simplest terms, traders who utilize Ichimoku should look for buying entries when price is above the cloud. When price is below the cloud, traders should be looking for temporary corrections higher to enter a sell order in the direction of the trend. The cloud is the cornerstone of all Ichimoku analysis and as such it is the most vital aspect to the indicator.
Time Entries with the Trigger & Base Line
Once you have built a bias of whether to look for buy or sell signals with the cloud, you can then turn to the two unique moving averages provided by Ichimoku. The fast moving average is a 9 period moving average and the slow moving average is a 26 period moving average by default. What is unique about these moving averages is that unlike their western counterparts, the calculation is built on mid-prices as opposed to closing prices. I often refer to the fast moving average as the trigger line and the slow moving average as the base line.
http://c.mql5cdn.com/3/25/eurusd-m15...shot-62503.png
The Ichimoku components are introduced in a specific order because that is how you should analyze or trade the market. Once you’ve confirmed the trend by recognizing price as being below or above the cloud, you can move to the moving averages. If price is above the cloud and the trigger crosses above the base line you have the makings of a buy signal. If price is below the cloud and the trigger crosses below the base line you have the makings of a sell signal.
Confirm Entries with the Mysterious Lagging Line
In addition to the mystery of the cloud, the lagging line often confuses traders. This shouldn’t be the case as it’s a very simple line that is the close of the current candle pushed back 26 periods. When studying Ichimoku, I found that this line was considered by most traditional Japanese traders who utilize mainly Ichimoku as one of the most important components of the indicator.
Once price has broken above or below the cloud and the trigger line is crossing the base line with the trend, you can look to the lagging line as confirmation. The lagging line can best confirm the trade by breaking either above the cloud in a new uptrend or below the cloud in a developing downtrend. Looking above, you can see that the trend often gathers steam nicely after the lagging line breaks through the cloud. Another benefit of using the lagging line as a confirmation indicator is that the lagging line can build patience and discipline in your trading because you won’t be chasing the initial thrust but rather waiting for the correction to play out before entering in the direction of the overall trend.
Trading With Ichimoku Checklist
Now that you know the components of Ichimoku here is a checklist that you can print off or use to keep the main components of this dynamic trend following system:
Ichimoku Checklist:
1.Where is Price in Relation to the Cloud?
- Above the cloud -filtered for buy only signals
- In the Cloud - be cautious but ready to jump in on the prior trend or finesse a current position. what the candle stick formations heavily
- Below the cloud - filtered for short only trades
2. Is price consistently on one side of the cloud or is price whipping around on both sides consistently?
- Ichimoku is best used with clear trends and should be set aside during ranging markets.
3. Which level of the Ichimoku would like to use to place your stop?
- If you use Ichimoku to place stops as well, you can either use the cloud or the base line.
http://c.mql5cdn.com/3/25/gbpusd-m30...shot-54681.png
http://youtu.be/A1cMuGGVp-g