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- SanMiguel replied Oct 27, 2009
Aha, yes fair enough. I've been including the Daily in my trends but as you say in the first few pages, vic mentions for intraday trading then follow the 4hr and 1hr trends.
Ichimoku forever
- SanMiguel replied Oct 27, 2009
The Daily trend is up so I assume you're taking a short due to - trading a retrace or - the 4hr trend or - the 1hr kumo breakout south or - the fractal - the divergence candle - or something else?
Is this a 15min chart? Conservative way would be ...Ichimoku forever
- SanMiguel replied Oct 27, 2009
Anyone following EURCAD at present - this seems to have the strongest trend out of most of the pairs. Waiting on a 5 or 15min cross. I wanted to enter lastnight at 1.5850 but went to sleep before the close above the 1hr Ts. Other things I am ...
Ichimoku forever
- SanMiguel replied Oct 26, 2009
4: GBPUSD, GBPJPY, EURUSD, and EURJPY. If those 4 pairs do not show a strong trend or any setups then I switch to a screen with 12 pairs and pick the best out of those 12 as an extra to monitor. Generally though, I will pick one setup for the week ...
Ichimoku forever
- SanMiguel replied Oct 26, 2009
GBPJPY 1hr seems to have bounced off the 1hr kumo future and this is the same for the Daily chart. The 4hr is the only one not agreeing with the main trend at present. I am thinking about shorting if the 1hr closes below the Ts and as long as the Cs ...
Ichimoku forever
- SanMiguel replied Oct 25, 2009
$50 is the maximum you are willing to lose on any trade. This means that if you enter a trade and your stop loss is 50 pips away, you should risk $50 over that 50 pips ie $1 per pip. 5 lots is much much more, it is equivalent to about $50 per pip ...
Ichimoku forever
- SanMiguel replied Oct 24, 2009
Does anyone know where the posts are that talk about why the Asian session often retraces? bids and offers... I'm also interested in seeing why the Sunday gap is often filled or why markets fill the gap pretty soon after opening.
Ichimoku forever
- SanMiguel replied Oct 23, 2009
Well I took half at 1.5050, the most recent CS resistance point on the 1hr chart since this is a 1hr trade and the rest I'm just leaving to run. The EU hasn't been in this territory for more than a 15months so I have no high target to aim for hence ...
Ichimoku forever
- SanMiguel replied Oct 23, 2009
GBPJPY shows a bounce off the daily kumo. If the 1hr exits the cloud then I think that will validate a short based on a long term trade. We are currently on the 4hr Ks so will see what happens from Monday onwards.
Ichimoku forever
- SanMiguel replied Oct 23, 2009
EURUSD 1hr chart Currently +72 pips from the trade taken at the CS trendline bounce & close above Ts (circled). Was thinking about adding on at the Ks bounce (circled 2) but didn't in time...oh well.
Ichimoku forever
- SanMiguel replied Oct 23, 2009
Metatrader has ATR, you can use that for ATR. That indicator is my own indicator with some alerts but it is not yet finished - does almost exactly the same as the existing indicators but I coded it for myself.
Ichimoku forever
- SanMiguel replied Oct 23, 2009
Dude - if you lived in England you'd be paying £1.08 per litre. That's almost £5 per gallon. Now, that's expensive.
Ichimoku forever
- SanMiguel replied Oct 22, 2009
Kevin Did you mention the other day most of your TPs were in the 50-100pips region? Do you ever hold longer term trades or are you simply entering, closing, re-entering on other signals? Obviously the pros for closing and re-entering is guaranteed ...
Ichimoku forever
- SanMiguel replied Oct 22, 2009
I believe M5 might have a valid signal now? I struggle with this because I have so far been successful on the 1hr and above and found it very hard to get trades started in the right places in the 5 and 15min charts. I agree an entry lower down near ...
Ichimoku forever
- SanMiguel replied Oct 22, 2009
So, anyway, thoughts on this one? It also happens to be a 4hr Ks bounce. image
Ichimoku forever
- SanMiguel replied Oct 22, 2009
Dude, when did I say it was gospel? I posted a trade idea based on the 1hr EURUSD and position of the kumo with some extra factors. All the other rules are still in place as per page 1 and as many of the warriors have talked about, retests of the ...
Ichimoku forever
- SanMiguel replied Oct 22, 2009
Of course they are. I could draw the same trendline on the actual candles. It doesn't make it any less valid. ...in the same way that some parts of the kumo represent the same line I could draw by hand using plain old vanilla SR.
Ichimoku forever