Ichimoku Breakouts and Bounces
In this video we will discuss trading Kumo Breakouts, Kumo Bounces, Kijun Bounces and Kijun Breaks.
http://youtu.be/LwDhD7T5AwY
Printable View
Ichimoku Breakouts and Bounces
In this video we will discuss trading Kumo Breakouts, Kumo Bounces, Kijun Bounces and Kijun Breaks.
http://youtu.be/LwDhD7T5AwY
Ichimoku Trading with Pivot Points
Here it is shown how to incorporate pivot points with the Ichimoku system for a more reliable stop loss or profit target.
http://youtu.be/LU-dmlgogVg
Setting Profit Targets
In this video we 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.
http://youtu.be/ZjY-Fj0iITg
Ichimoku Non Traditional Trading
In this video presentation I am discussing a Non Traditional method of trading the Ichimoku system and also looking at a few trading opportunities on the horizon.
http://youtu.be/G8o5d-D_EgM
Ichimoku Losing Trades
Quote:
Here I show two trade i am in that are currently losers. I show my mistakes and hope others don't make the same mistakes.
http://youtu.be/ey21oguAmsA
Ichimoku - Advanced Ichimoku Strategies Additional Criteria
http://youtu.be/pMcUShA8kp0
Ichimoku - Advanced Ichimoku Strategies Breakout Qualifiers
http://youtu.be/BbMbTUG0XtM
Ichimoku - Applications Of Ichimoku Kinko Hyo
http://youtu.be/Z95se8LDyVg
Ichimoku - Tenkan Sen And Kijun Sen
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).
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.
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.
Kijun Sen Cross
The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).
A bullish signal occurs when the price 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.
A bearish signal occurs when the price 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/AhcOllzIOwA
Ichimoku - Drawbacks Of Ichimoku Kinko Hyo
Breakout with Ichimoku (based on Take Advantage of False Breakouts at Great Prices with Ichimoku article)
Talking Points:
- What is a False Breakout?
- How Ichimoku Can Help You Recognize a False Breakout
- Trading Opportunity in EURUSD with Ichimoku on Recent Move
There are few things more frustrating to traders than false breakouts. Especially if your bread and butter as a trader is catching trends at the earliest stage possible. However, much like whipsaws on protective stops, false breakouts are often seen as a necessary evil.
What is a False Breakout?
A false breakout takes place when price appears to be making a renewed move in the direction of the trend only to be retraced. A trend trader who is looking for prices to eventually move higher but wants confirmation of a price thrust in the direction of the trend is especially prey to false breakouts. This is because a break of resistance like a trendline that is pierced by price without follow through is ground zero to a false breakout.
How Ichimoku Helps You Recognize a False Breakout
Like many pains of trading such as stops getting hit at an unfortunate price, false breakouts cannot be avoided. However, they can be minimized as well as become a nice trading signal upon their failure. The reason I like looking to false breakouts as a trading opportunities is that they can often have a sharp reversal in the direction of the prior move with a good risk to reward ratio.
Ichimoku is a technical trading system that helps you catch moves in the direction of the trend on the time frame that you’re trading. Ichimoku is often seen as a difficult system to learn due to the 5 components that are displayed on the chart to explain a trading opportunity but each line serves a purpose and when you understand each purpose, you begin to get a feel for the value that Ichimoku can bring to your technical trading strategy.
http://c.mql5cdn.com/3/25/ichimoku.png
- Ichimoku Trade: Sell EURUSD If Price Breaks Below 1.3415 Showing a False Breakout Occurred
- Stop: 1.3550 (Technical Invalidation Point on the Chart)
- Limit: 1.3295 (Monthly Low)
If this is your first reading of the Ichimoku report, here is a recap of the traditional rules for a sell trade:
- Price is below the Kumo Cloud (That will be our entry trigger)
- The trigger line (black) is below the base line (light blue) or is crossing below
- Lagging line is below price action from 26 periods ago (bright green line)
- Kumo ahead of price is bearish and falling (red cloud = bearish Kumo)
If the breakout turns out to be legitimate and 1.3550 is taken out, then the next target would be in the neighborhood of 1.3630 /3650 range.
http://youtu.be/bmo7EUk0DD0
Ichimoku - Ideal Ichimoku Scenarios
http://youtu.be/EqEN_mAPY44
Ichimoku - Kumo Cloud Studies I
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).
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.
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.
Kijun Sen Cross
The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).
A bullish signal occurs when the price 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.
A bearish signal occurs when the price 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/IWvAC8GUKU8
Ichimoku - Multiple Confirmations
Ichimoku Cloud (based on The Definitive Guide to Trading Trends with Ichimoku Cloud article)
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/MxhPpeg6Tjo
Ichimoku - Kumo Cloud Studies II
Public sections of the forum
- Ichimoku educational thread is here.
- Tenkan Kijun Senkou Span B Trading system is on this post with many indicators and templates. Trading rules are on this post.
- Ichimoku Abraham Trend system is on this thread.
- Ichimoku Alerts
- IchimokuAlert_v1 indicator for Metatrader 5 is on this post. This is the indicator with arrows/signals and alerts on them : Tenkan/Kijun, Chinkou/Cloud, Chinkou/Price and 4-all together
- IchimokuAlert_v1.1 indicator for Metatrader 5 is on this post. Warning alert was improved and autosettings feature was added.- Ichimoku average indicators:
- #Soho_Ichi_Average indicator is on this post
- #Soho_Ichi_Average_v1 indicator made by Igorad is here.- IchimokuHisto
- IchimokuHisto_v1 indicator is on this post. The indicator was created for "Chinkou Span crossing the historical price (candle) with 26 candles before current price".
- IchimokuHisto_v1.2 indicator is on this post. Improvement: color is gray if chinkou between High - Low candlestick; 26 shift forward for histogram position incl for recent chinkou - more explanation is on this post.
- Kumo vs Candle indicator and Tenkan Sen-Kijun Sen Histo2 indicator are on this post.- Kijun-Sen_Envelopes indicator is on this post.
- Ichimoku discussion thread is here.
- Ichimoku_Monitor indicator is on this post. It is monitoring ichimoku signal on multi timeframe, based off various ichimoku strategies.
- Alternative_Ichimoku_cfb_mtf indicator is on this post.
- ichi380v8 indicator is on this post. This indicator coded based on ichimoku tenkan/kijun cross signal strategy.
Premium section
- TickIchimoku_v1.2 indicator for Metatrader 4 is on this post.
- PolyBands Ichimoku systems is on this thread.
- files and rules of the system (howto trade) is on this page.
http://youtu.be/mNtEVDDGsIg
Ichimoku - Multi Time Frame Analysis
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Cloud Charts Trading Trading Successful with the Ichimoku Technique by David Linton
Attachment 5473
David Linton, the author of Cloud Charts, had his interest in Ichimoku charts `sparked' during a presentation by Rick Bensignor at the 2004 IFTA conference in Madrid. David had heard of the method prior to the conference but credits Rick with presenting it in an `understable' way. David set out on a quest for Ichimoku knowledge. He researched the internet, questioned Japanese delegates at subsequent IFTA conferences, sought out Rick Bensignor at conferences and meetings and even flew to Tokyo. The fruit of that quest is the book, Cloud Charts.
The Ichimoku method is now fast becoming popular in Western trading rooms and is available on almost all technical analysis software. David must take some credit for turning what seemed to be an exotic and complicated method into an easily understandable and robust trading and analysis tool for non-Japanese speaking technical analysts.
So, what is Ichimoku? The full name of the method is Ichimoku Kinko Hyo which means `at one glance balance bar chart'. Ichimoku charts were devised by Goichi Hosoda , a Tokyo journalist, who believed that once the method was fully understood, one could comprehend the exact state of a market at a glance. Most of the Ichimoku indicators represent equilibrium in one time frame or another and price action is generally analysed with regard to whether the market is in equilibrium, moving away from it or reverting back to it. By their nature, the various indicators also offer dynamic areas of support or resistance.
Cloud Charts is divided into three parts. The first is for the novice technical analyst and is designed to give them an understanding of many basic technical analysis concepts involved with not only Ichimoku analysis but also traditional techniques. More experienced technical analysts may wish to skip this part.
Part two introduces the reader to the basic indicators used in Ichimoku charts (David calls them cloud charts). This section deals with the derivation and interpretation of:
1. The Turning Line (also called the Conversion Line)
2. The Standard Line ( also called the Base Line)
3. The Cloud Span A ( also called the Cloud Span 1)
4. The Cloud Span B (also called the Cloud Span 2)
5. The Lagging Line ( also called the Lagging Span)
Part two offers a guide to applying Ichimoku charts in a multiple time frame sense, as well as the often overlooked Wave Principle, Price Targets and Time Span Principle. However, the application of Ichimoku charts to price and time projection is very subjective and for that reason alone the projections are quite often not utilised by even experienced analysts.
Looking at an Ichimoku chart, it's no surprise that analysts are sometimes turned off by the busyness of the chart. It can look like chaos to the uninitiated but the key to getting past that is understanding the formula to each indicator, how they combine with each other, how they represent a consensus of price action in different time frames and colour-coding. In part two David explains construction and interpretation of the charts in a manner that is easy for any newcomer to technical analysis let alone a professional on a trading desk.
Part three, is where we are encouraged to think outside of the box. Here, the use of Ichimoku charts are combined with other technical analysis techniques, alternative time inputs into the indicators are suggested and the application to market breadth analysis is considered. There is also a chapter on back testing for the quantitative traders to consume.
Overall, this book, in an easily read manner, brings together the body of knowledge of a Japanese technical analysis method which was once thought of as exotic and over-complicated. It has potential to become the definitive English language text on the Ichimoku Kinko Hyo technical analysis method.
-----------------
http://youtu.be/Hn3V773rdaA
Ichimoku - Senkou Span A And Senkou Span B
http://youtu.be/xPtyGuEKayk
Ichimoku technical analysis & online day trading strategies
In this online trading education course, Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that powerfully illustrates support and resistance values in a simplified form and is considered an extension of the very popular candlestick charting system. In fact, this system was built on the idea that at "one glance" you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Ichimoku indicator description
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
http://youtu.be/cnHQGNs6gVA
Ichimoku Currency Forex Trading Strategies And Education
The default settings of Ichimoku is 9/26/52, right? But it is mainly for higher timeframe (started from H1 for example). For lower timeframe - there are 2 kinds of settings:
- 9/26/52 as default one and/or
- 72/144/288
=========
Besides, there are many signals of Ichimoku indicator to open the trades. I know about 6 signals (but it is much more signals in combination with each other):
- Tenkan Sen / Kijun Sen Cross - very weak signal but it is coming as the first one ... but it may be a lot of false signals
- price crossing Kijun Sen - more strong signal
- price crossing Sinkou Span A line (Kumo Breakout)
- price crossing Sinkou Span B line (Kumo Breakout)
- Senkou Span A crossing the Senkou Span B (trend reversal)
- Chikou Span crossing historical price - it is most strong signal for Ichimoku but it is lagging on timeframes started with H1, and not lagging for lower timeframes.
The combination of all those 6 signals = Ichimoku indicator.
I am mostly using on the thread just one signal : Chikou Span crossing historical price.
http://www.youtube.com/watch?v=v3Cho7_c0e4&list=LL65rUBe1bKZCtWggc1geBdg& feature=share&index=1
Price Action and Ichimoku Trading - Price Action Courses
Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).
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.
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.
Kijun Sen Cross
The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).
A bullish signal occurs when the price 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.
A bearish signal occurs when the price 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/BhDg48oxNLw
Hi, For some reason I am not able to get any of the indicators from Igor . can anyone help. The indicators from newdigital work fine .
why? just download from the forum using this threadQuote:
Originally Posted by topcat275
Hi, Thanks for getting back to me so quick. why? just download from the forum using this thread, . I cant open where you say (this thread), or any of the indicators from Igor. I dont know why.
It was wrong link sorry. Corrected now.
This link http://newdigital-world.com/announce...orum-wiki.html
Talking Points:
- Major JPY crosses never broke out bearishly in Q1 2014
- Ichimoku Momentum Only Showed A Correction
- Signals For GBP/JPY Trend Continuation Abound
“Be patient and wait for the fat pitch.”
-James Montier
As fun as trends are to trade, they are rarer than many would like to admit. The number that often floats around with traders is that markets only trend about a 1/3 of the time. In other words, 2/3rds of the time, markets are in a correctionary pattern, an Elliott Wave term, or are ranging before their next breakout either higher or lower.
Today’s article is going to discuss how a multitude of JPY crosses like USDJPY, EURJPY, GBPJPY, and others are starting to show bullish signs again. Our preference for viewing an overall shift is Ichimoku which incorporates a trend filter, momentum, & a time component.
Major JPY Crosses Never Broke Out Bearishly
Many JPY crosses hit their 2014 highs on January 2nd, the first trading day of the year. This sounds like a bearish statement, however the downside lasted only a handful of weeks before the rebound began. What’s more, the JPY cross downside was limited as you can see that USDJPY only retraced ~50% from the October ’13 to January ’14 range.
Learn Forex: USDJPY & GBPJPY Weakness Was Limited in Q1 2014
https://media.dailyfx.com/illustrati..._Picture_1.png
https://media.dailyfx.com/illustrati..._Picture_2.png
Without Ichimoku, you can see that at the very least, USDJPY continues sideways or moves higher. The technical terms is that USDJPY either impulse higher or corrects sideways in a triangle formation which shows that the downside is limited. In other words, what won’t go down will often eventually go up.
Ichimoku Momentum Showed a Correction
Ichimoku allows you to grasp the entire market and its trending power in one glance. If you’d like a fuller view of the indicator, you can see the explanation here. However, with Ichimoku, when price is above the cloud and the lagging line or Chinkou Span is also above the cloud then you have both price and momentum in a trend.
Learn Forex: USDJPY is near a Bullish Breakout from Ichimoku’s Viewpoint
https://media.dailyfx.com/illustrati..._Picture_3.png
EURJPY & GBPJPY are also popular pairs to trade. Ichimoku has done a great job with GBPJPY to help you decipher a trend correction vs. a trend reversal. The ability to abstain from chasing a false breakout alone make Ichimoku a great tool to add to your trading. The benefit to using Ichimoku is to allow the trend filter to help you focus on price action patterns like the bullish pennant forming on GBPJPY.
Learn Forex: GBPJPY near Bullish Breakout Point at 173.56
https://media.dailyfx.com/illustrati..._Picture_4.png
Signals for GBP/JPY Trend Continuation Abound
The GBP has been one of the strongest currencies around the world although not as strong as the AUD. Of course, when a strong trend as present, many trades revolving around one very strong or one very weak currency be successful which is the reason behind trading the basket approach. The basket approach discussed in this article is the developing JPY weakness and specifically with the GBPJPY
Learn Forex: Levels Worthy of a GBPJPY Ichimoku Buy Signal
https://media.dailyfx.com/illustrati..._Picture_6.png
Entry to Buy: Price Holding > 170.5 (Base Line – Light Blue)
Protective stop: 170.35 (Below the Weekly Opening Range / Top of Cloud)
Limit: 174.42 (Conservative) / 176.89 (Extreme Trend) Based on Monthly Pivots
If this is your first reading of the Ichimoku report, here is a quick run-down on buy side rules:
-Full Candle Bodies above the Kumo Cloud
-The trigger line (black) is above the base line (light blue) or is crossing below
-Lagging line is above price action from 26 periods ago (Bright green line)
-Kumo ahead of price is bullish and rising (blue cloud = bullish Kumo)
Happy Trading!
---Written by Tyler Yell, Trading Instructor
More...
Ichimoku Trading for Beginners
====
Tenkan Kijun Senkou Span B Trading system is on this post with many indicators and templates. Trading rules are on this post.
Ichimoku Abraham Trend system is on this thread.
Ichimoku Alerts
- IchimokuAlert_v1 indicator for Metatrader 5 is on this post. This is the indicator with arrows/signals and alerts on them : Tenkan/Kijun, Chinkou/Cloud, Chinkou/Price and 4-all together
- IchimokuAlert_v1.1 indicator for Metatrader 5 is on this post. Warning alert was improved and autosettings feature was added.
Ichimoku average indicators:
- #Soho_Ichi_Average indicator is on this post
- #Soho_Ichi_Average_v1 indicator made by Igorad is here.
IchimokuHisto
- IchimokuHisto_v1 indicator is on this post. The indicator was created for "Chinkou Span crossing the historical price (candle) with 26 candles before current price".
- IchimokuHisto_v1.2 indicator is on this post. Improvement: color is gray if chinkou between High - Low candlestick; 26 shift forward for histogram position incl for recent chinkou - more explanation is on this post.
- Kumo vs Candle indicator and Tenkan Sen-Kijun Sen Histo2 indicator are on this post.
- Kijun-Sen_Envelopes indicator is on this post.
Ichimoku discussion thread is here.
Ichimoku_Monitor indicator is on this post. It is monitoring ichimoku signal on multi timeframe, based off various ichimoku strategies.
Alternative_Ichimoku_cfb_mtf indicator is on this post.
ichi380v8 indicator is on this post. This indicator coded based on ichimoku tenkan/kijun cross signal strategy.
http://youtu.be/Lf2tNo4Nqgo
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.
http://www.youtube.com/watch?v=A1cMuGGVp-g&feature=share&list=PLkEPoUHNAyjx3vGXIgFpzJCuALg3 9Rd7M&index=1
Ichimoku Basics
Ichimoku indicator description
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
http://youtu.be/GpNoi-L2Vrc
Ichimoku Part 2
- Tenkan Sen / Kijun Sen Cross - very weak signal but it is coming as the first one ... but it may be a lot of false signals
- price crossing Kijun Sen - more strong signal
- price crossing Sinkou Span A line (Kumo Breakout)
- price crossing Sinkou Span B line (Kumo Breakout)
- Senkou Span A crossing the Senkou Span B (trend reversal)
- Chikou Span crossing historical price - it is most strong signal for Ichimoku but it is lagging on timeframes started with H1, and not lagging for lower timeframes.
The combination of all those 6 signals = Ichimoku indicator.
http://youtu.be/p_Z6ogQIE6E
Ichimoku Indicator - What's Best Time Frame to Use it?
On our "Q&A Friday," we had a question is from Ari who wrote:
"Hi Kiana, I find your book very easy to read. I noticed that you are a bit in favor of Ichimoku Kinko Hyo. My question to you is: what are the best time frames in correlation with Ichimoku ? Peace! Ari"
http://youtu.be/yxEiXSZ81rM
Talking Points:
- Value of Ichimoku
- Transitioning to Short-Term Thinking
- An Example with GBPUSD
Many traders favor finding trends at some level of the chart. The trend may be within an overall range, but these traders know if they can catch an intermediate trend, that one move can make their day, week, or month if they catch it right. Thankfully, Ichimoku can help you limit risk while capturing upside.
Value of Ichimoku
Ichimoku is a trend following indicator that in and of itself can comprise an entire trading system. The value of Ichimoku is the visual display of different forms of support in an uptrend or resistance in a downtrend. Regardless of your bias or approach, the cloud is a helpful tool to easily spot the path of least resistance in the market.
Learn Forex: Ichimoku Example
https://media.dailyfx.com/illustrati..._Picture_1.png
Each component of Ichimoku is helpful. However as you start to focus on shorter time frames two components become more critical. Those two components are the Cloud & the Momentum line.
Learn Forex: Ichimoku Diagram
https://media.dailyfx.com/illustrati..._Picture_2.png
Transitioning to Short-Term Thinking
To focus on short-term trading requires an eye for a few specific things. First, you need to know that trade management will make or break your trading and unmanaged stops and limits may leave you disappointed in the overall end result.
Second, you’re effectively trading momentum. Once momentum expires, so does your interest in the trade. Lastly, you’re best riding in the direction of the intra-day trend which can be defined by price riding the cloud.
An Example with GBPUSD
Based on what you just read, as a short-term trader, you’re focused on short-term trends and their corresponding momentum. If you want to take this within the scope of potential longer-term tops and bottoms you’re welcome to but of course, the idea here is to limit risk significantly by getting out of a trade when the intra-day trend reverses.
For those interested in the potential of a GBPUSD reversal and the potential resistance points on the major pair, here are a few things to look at followed by a short-term Ichimoku chart for you to focus on:
GBPUSD has been recently trading within a historically pivotal area around 1.7130-1.7180 but has failed to sustain a rally through there. Last week’s high was exactly 1.7180 with no follow through seen since then. The overall long-term set-up is similar to 1998, a time period that we have extensively referred to with regard to the USD-Index. Also, sentiment has reached extremes on multiple sentiment indicators. Short-term dynamics are also pointing to a correction within the uptrend.
Applying the short-term scope of Ichimoku to GBPUSD would have us focusing on taking a short short-term trade as long as two things are in play:
-Price stays below the cloud
-Lagging line, and thus momentum, also stays below the cloud
Learn Forex: Short-Term Set-Up If GBPUSD Breaks Below 1.7100
https://media.dailyfx.com/illustrati..._Picture_3.png
When momentum reverses, as seen by the lagging line reversing from the cloud, you can exit the trade knowing that either a reversal is at play or a correction. If a correction is at play and you stay in the trade, you run the risk of foregoing a better opportunity by binding up your margin in a non-active trade.
Happy Trading!
---Written by Tyler Yell, Trading Instructor
More...
Ichimoku Multiple Time Frame Analysis
Today we try and clear up the confussion with ichimoku multiple time frame analysis.
http://youtu.be/8JEyzIMnAJw
Does anyone has an indicator that gives alerts when there is kumo breakout ?
Hi Darren Wcw,
Everything related to Ichimoku indicators are on this post by links to download. As to alert so I see 2 indicators there but for MT5 9I did not check the other indicators for alerts sorry).
Here is a video to help you realize when price might stall because of the disequilibrium of the Tenkan and Kijun and Senkou A vs B.
http://youtu.be/lJnoMeD7M18
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.
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Ichimoku indicator description
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
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For lower timeframe - there are 2 kinds of settings:
- 9/26/52 as default one and/or
- 72/144/288
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Besides, there are many signals of Ichimoku indicator to open the trades. I know about 6 signals (but it is much more signals in combination with each other):
- Tenkan Sen / Kijun Sen Cross - very weak signal but it is coming as the first one ... but it may be a lot of false signals
- price crossing Kijun Sen - more strong signal
- price crossing Sinkou Span A line (Kumo Breakout)
- price crossing Sinkou Span B line (Kumo Breakout)
- Senkou Span A crossing the Senkou Span B (trend reversal)
- Chikou Span crossing historical price - it is most strong signal for Ichimoku but it is lagging on timeframes started with H1, and not lagging for lower timeframes
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Tenkan Kijun Senkou Span B Trading system is on this post with many indicators and templates. Trading rules are on this post.
Ichimoku Abraham Trend system is on this thread.
Ichimoku Alerts
- IchimokuAlert_v1 indicator for Metatrader 5 is on this post. This is the indicator with arrows/signals and alerts on them : Tenkan/Kijun, Chinkou/Cloud, Chinkou/Price and 4-all together
- IchimokuAlert_v1.1 indicator for Metatrader 5 is on this post. Warning alert was improved and autosettings feature was added.
Tenkan Kijun Senkou Span B Trading system is on this thread.
- IchimokuSystem_v1 indicator is on this post. This is trading system indicator (original one).
- IchimokuSystem_v1.2 600+ indicator is on this post (this version works with Metatrader 4 build 600 and above)
- IchimokuSystem_v1.3 600+ indicator is on this post. This is updated IchimokuSystem indicator with signals and alerts when Span A crosses Span B (ArrowsMode = 3). (this version works with Metatrader 4 build 600 and above)
- IchimokuSystem_v1.4 600 indicator is on this post. This is improved candle/price version of Span A/Span B crossing (this version works with Metatrader 4 build 600 and above)
Ichimoku average indicators:
- #Soho_Ichi_Average indicator is on this post
- #Soho_Ichi_Average_v1 indicator made by Igorad is here.
IchimokuHisto
- IchimokuHisto_v1 indicator is on this post. The indicator was created for "Chinkou Span crossing the historical price (candle) with 26 candles before current price".
- IchimokuHisto_v1.2 indicator is on this post. Improvement: color is gray if chinkou between High - Low candlestick; 26 shift forward for histogram position incl for recent chinkou - more explanation is on this post.
- Kumo vs Candle indicator and Tenkan Sen-Kijun Sen Histo2 indicator are on this post.
Kijun-Sen_Envelopes indicator is on this post.
Ichimoku discussion thread is here.
Ichimoku_Monitor indicator is on this post. It is monitoring ichimoku signal on multi timeframe, based off various ichimoku strategies.
Alternative_Ichimoku_cfb_mtf indicator is on this post.
ichi380v8 indicator is on this post. This indicator coded based on ichimoku tenkan/kijun cross signal strategy.
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http://youtu.be/lWbdmd2aRS0
Ichimoku Trading Strategies For Finding Winning Trades by Hubert Senters | Real Traders Webinar
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Ichimoku threads/posts on mql5.com forum
- The theory of the signals
- Ichimoku alert indicator with arrows
- Ichimoku alert indicator improved : warning alert mode was fixed and autosettings feature was added
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Ichimoku indicator description
- Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
- Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
- Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
- Senkou Span B - 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.
- Chikou Span - the closing price plotted 26 days behind.
=============
http://youtu.be/cyciDlv4xXc
In this video Manesh Patel shows you how to use Ichimoku clound system to project your entry and exit trading point.
http://youtu.be/MmtdHEqFEN8
Ichimoku make repaint?Quote:
Originally Posted by igorad
It does not repaintQuote:
Originally Posted by mariotrinchero
ThanksQuote:
Originally Posted by newdigital
