Wishing I took that EJ short now Missed 100 pips.

Ichimoku forever

Same with EJ I guess you could say. Bounce from the H1 kumo, which is also the H4 Ks. Daily trend has been ranging for a while so this might not be a long term trade.

Ichimoku forever

Currently waiting for a 30min cross short for the GJ. Daily, H4, H1 trends are down. Daily shows some nice bounces off kumo resistance. 4hr is about to exit the cloud. 1hr shows a retrace to the Ks, then a close below the Ts. Those trading shorter ...

Ichimoku forever

Excellent post. Would just like to add that the R:R for this to work must always be greater than 1:1 preferably 1:2. This is because on the losing trades you lose 4 units. You could also, take 2 units off and move the remaining stops to break even ...

Ichimoku forever

Can you switch timeframes on the visual chart you are looking at? I think I read somewhere that was one of its limitations. I think you would have to have the charts open separately and scan through. Alternatively, you load up a template with the ...

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It was a rhetorical question This is the point, if you know the pair, you know the range, you know the movements, you can take your choices of signals. If you don't know the pair, it is best to take strong signals in libe with the indicator.

Ichimoku forever

How do we decide when a market is going sideways - which timeframe? Just seems an interesting point as if we used GBPUSD Daily, which apart from the last few weeks, has been stuck in a range since May/June, then would we trade it? Its ADR is about ...

Ichimoku forever

Couple of interesting points for discussion... I suppose the issue with this is that on a 50:50 system you need to be making more than 1:1 to make money. It is true that you can manually manage this on each trade you take to get better than 1:1 but ...

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I trade GBPUSD, EURUSD, EURJPY, GBPJPY. I will then look for some other pairs with strong trends and trade those if I see something good including AUD, NZD, CHF, etc. The less knowledge I have of the pair, the more likely I will only take strong ...

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I will tell you what I do at present, which is: - to take a strong cross short on H1, I need H4 and Daily price to be below the kumo or I take a kumo exit on H1 - to take a strong cross long on H1, I need H4 and Daily price to be above the kumo or I ...

Ichimoku forever

LFH?

Ichimoku forever

You could make 1 trade per week and get more than 100pips if it's the right one. Well, I only stumbled on this thread a while ago but I have been trading kumo breaks on 1h/4hr/daily and I only take a 1hr kumo break if in line with the 4h and ...

Ichimoku forever

Don't trade against the trend unless you know the pair. If you are trading many pairs, only take string signals. If you are trading 1 or 2 pairs, then you can probably take a combination of signals as you will be more in tune with the market moves ...

Ichimoku forever

vic - do you hold trades over the weekend? The safe way is to close and see what happens on the Sunday night opening in case the market gaps, then re-enter the trade at the price you closed at on Friday evening... Any thoughts?

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Yes, I took half off at +100 pips and I will leave the rest to run, I will add on at any appropriate points if it goes further.

Ichimoku forever

vic, at the time of entry, what did the kumo future look like on this? I know it is bullish now. Do you take into account the future kumo or are you simply trading cloud exits?

Ichimoku forever

It's a matter of whether you take the immediate cloud break or whether you trade more conservatively and wait for price to retrace and you get a kumo bounce. If you trade more conservatively, yes, you may get in at a better price, and therefore ...

Ichimoku forever

you put as per vic's rules in your post but I'm not sure what vic's rules are anymore It looke like kumo breakouts from the last few posted trades and I think that's what you were referring to on your chart but not sure? ...and if it is kumo ...

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What are vic's entry rules now? Looked recently like kumo exits but not sure if the future kumo is taken into consideration. I'm sure all the original rules apply as well.

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A question on that correlation because it was one of the main reasons I cut down the pairs I was looking at. If you are following the charts, the technical analysis counts for a lot, the EURCAD is a prime example at present as this is a cross pair. ...

Ichimoku forever