Ok, and if the cross was in the cloud or below it, we could wait for the signal to complete but check with the higher timeframes?

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This is USDCHF, would you call this completing the signal when the Ks emerges from the kumo? The cross is above the cloud but I'm not sure it really qualifies...just got me thinking as the post Vic talked about the other day mentioned waiting for ...

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Quick +34 pip scalp on the EURUSD. It may go further but since this was a 5min trade, I cut it off at that point. image image

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I'll leave that to the warriors to answer because I don't know I'm afraid. It is the timeframe that will give you a decent amount of good signals within a decent timeframe for swing traders. It's also the preferred timeframe for many S/R traders as ...

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I think that's why the lower TF is used but at the minimum your stop should be the other side of the 4hr Ks ...say you take a 1hr or 30min trade...or so I believe. If price crosses the Ks on the 4hr, well that's a sign the trend is NOT continuing or ...

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On the JPY pairs, I would say that a lot of traders use it, therefore it's one of those self fullfulling prophecies. However, the ichi indicator has a lot of S/R points built into its various lines. There are other trend following methods but none ...

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I didn't take 1 ichi trade today ...patience...patience waiting for the right signal on the pairs I watch

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When did you enter because...strictly...there's no Ts/Ks cross there, it was a bit further back. However, if you were waiting for the chinkou to confirm then ok. We talked about this a few posts up when there was a cross on the 15min and at that ...

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Do you look at the orange flag reports on the calendar? I usually only bother with the red flag reports as those can move the market by hundreds of pips. On that note, EG has a 15min cross up.

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I'm am not sure of this but I would be expecting a retrace, which is why I have not entered. Does a flat Ks mean possible retrace? Av. price over the last 26 periods has been flat? If I was entering on the 5min then target would be about 30pips but ...

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We have an EURJPY cross on the 5min chart, chinkou has not quite cleared yet. Any thoughts?

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Yes, that would have saved me by a few pips - would have been close though. For everyone's benefit...here is the Ks on the 4hr for the 1hr trade a few posts earlier. Price got to about 1.0418 but if I had placed my stop loss as the Ks+buffer then it ...

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Hi Vic This raises an interesting question - what is a good buffer above the kumo for each timeframe? I have been working on the presumption that 10pips +spread is enough because the kumo should be the resistance. Hence why I was stopped out on this ...

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Yep, thanks - haven't had a chance to look at them yet but will do soon.

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you cannot compile .ex4 files, they are already compiled. If they are indicators, they should go in the indicators folder experts-->indicators. then close down MT4 and reopen it - they should appear under custom indicators. As vic has said, you ...

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Reports Archive :http://www.4shared.com/dir/19807073/...5/sharing.html resources

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yes, I have one. 4x and co are having a look at it and will put it in the indicators folder on their shared access drive if ok. Then everyone will have a choice of which indicators they want for whatever they find useful.

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A weekend thought for everyone: A consistent average 20 pips a day with a starting balance of $1k with 1% risk trades will compound up an account in 300 days to over $200k.

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Careful with that one, there was a massive move down on NY open today so it will retrace soon. And yes, it's the end of the trading week, I don;t think anyone should be opening new trades now (4pm GMT).

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Wow, the pound is dropping like a sack of... Well, that's EURGBP for a quick scalp of 20, GBPCHF for 44pips and holding a USDCHF 1 hr trade til next week I think. Have a good weekend all

Ichimoku forever