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- SanMiguel replied Oct 29, 2009
Any thoughts on the CHFJPY 1hr chart? Potential cloud exit, most timeframes except the 4hr show an uptrend, CS has crossed price upwards (WEAK below KUMO), Ts/Ks cross (WEAK below KUMO). Future kumo is still bearish and has a few flat areas. Might ...
Ichimoku forever
- SanMiguel replied Oct 29, 2009
What were your reasons for the BUY at that level out of interest? I can see the 1hr kumo exit where I bought yesterday but price spiked below the 1hr flat top, which took me out.
Ichimoku forever
- SanMiguel replied Oct 29, 2009
That EURCAD trade bugged out as well. Things picked up pretty dramatically after the USD GDP report. If we close above the kumo then could go long again but the 1.59 looks to be strong resistance?
Ichimoku forever
- SanMiguel replied Oct 29, 2009
The importance of the span B presumably is that when the kumo changes from bullish to bearish or vice versa, you are trailing by the span with the sentiment of your entry. For example, on a long entry, the future kumo should be bullish therefore ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
It is true to some extent that as a trend following system, in theory, ichi will not provide the same results in a ranging market because price will oscillate up and down. However, out of all the pairs, there are usually a few showing strong trends ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
Ah, ok - so those closed trades were when the stop loss was hit?
Ichimoku forever
- SanMiguel replied Oct 28, 2009
Hi vic At what point are you closing half of your trade size? I think that is what you are doing anyway and leaving the rest to run?
Ichimoku forever
- SanMiguel replied Oct 28, 2009
The USDCAD is right at the kumo on the Daily chart - bit risky? ...or are you trading for a 50pip or so TP? I know many expect the USDCAD to go up after the long running down trend now...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
It's a flat kumo so we might get a retrace but I suppose you have to enter at that point anyway for the times it breaks clear straight away? Besides, if it returns to the kumo and we see a solid bounce then to me that would indicate a point to ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
That's weird. On MT4, the candle hasn't even closed outside of the kumo yet whereas your chart shows it outside. But yes otherwise.
Ichimoku forever
- SanMiguel replied Oct 28, 2009
So, what do you reckon? Looks like a fairly strong support line but most of that move was news related. In theory, we could have waited until a close past the recent low but that misses out on a lot of pips and would have been a poor R:R place to ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
You moving the SL with the top of the future kumo + a small buffer? I have mine a bit higher at the 1.64 region though the price action is not looking good at present (possibly the news out for USD though in theory that should have made the USD ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
Looks like it hit a support line on the bottom but will see what happens. If it goes back past that down trendline then might not be in too good shape. Recently, I have been mainly trading the 1hr timeframes and it's going well. I don't know why I ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
I am short the GBPUSD from 1.6322. Points for this trade: - CS trendline break and CS trendline bounce (1 & 2) - kumo exit - CS crosses price span down - Ts exits cloud - Daily trend is down including strong bounce from the resistance line at 1.67 ...
Ichimoku forever
- SanMiguel replied Oct 28, 2009
Very slow moving pair this one
I se on the 1hr there were many 1hr candles hugging th bottom of the 1hr kumo and then a break of the kumo. Daily, 4hr, 1hr trends all down.Ichimoku forever
- SanMiguel replied Oct 28, 2009
Did you exit at the kumo top? EU looks to have bounced from the Ks again but the momentum is not as strong this time.
Ichimoku forever
- SanMiguel replied Oct 28, 2009
Vic Your trade size is 0.03 regardless of the SL, correct? Are you doing account size percentages or is your SL always set?
Ichimoku forever
- SanMiguel replied Oct 28, 2009
The 2nd bounce from the H4 Ks would have been a good trade short. I missed this because (a) I was worried about a 4hr bounce as 4hr was above the kumo and (b) was watching EURCAD.

Ichimoku forever
- SanMiguel replied Oct 27, 2009
50 might be close if you look back on the Daily chart the number of times the Ks is pierced back in August. Although you could argue 50 is safe and you could get them back on a turnaround later...
Ichimoku forever
- SanMiguel replied Oct 27, 2009
Counter trend to the daily but agrees with the original strat here of H4, H1 price below kumo.
Ichimoku forever