Hi You say you target 50pips on the 5minute charts. Do you have a target on the 1hr, 4hr, and daily charts or do you just use a crossover of the TS/KS in the opposite direction to close your trade? If on the 5min charts, could we use something like ...

Ichimoku forever

Hi all Well done on this week's trading ! Very often I see a TS/KS cross but far away from the kumo. Then the price retraces to the kumo and the kumo acts as S/R and then price bounces. Under the strict rules we would take the 1st trade on the ...

Ichimoku forever

That looks like an interesting indicator you designed there. I was developing something myself that gives alerts at crossovers and such.

Ichimoku forever

Perhaps if the Americans started "God blessing the world" instead of just their own country, they wouldn't have these problems. ..or even not at all Oh sorry that was a political rant... I took the retest of the kumo on USDJPY and am +30 at the ...

Ichimoku forever

Friday is not a terrible day to trade. Of the people I have spoken to, there seems to be a 50:50 split between those who think Friday is some kind of bad voodoo day and those that think Friday is fine to trade. What they do all agree on is the the ...

Ichimoku forever

Ichi is designed to give you 80% of the trend. The crossovers give you current sentiment and are aligned to give you a chance to catch the rest of the trend. Yes, it lags just like moving averages but it is based upon swing highs and lows so gives a ...

Ichimoku forever

I personally would wait until a retrace to the cloud and if candles suggested a reversal then I would go short again. I find trades are better near the cloud because the stop losses can be closer.Any thoughts? This does miss out on some ...

Ichimoku forever

Hi 1/ You say you target 50 pips. If the TS crosses the KD in the opposite direction while you are in a trade, do you close out the existing trade? 2/ Why not go for more pips, stay in the trade until either price crosses the KS or the TS crosses ...

Ichimoku forever

Many thanks Yes, so the higher timeframes are for the trend, we are not looking for signals on the higher timeframes...just the trend. Do Daily, 4hr, and 1hr have to agree before you take a trade on the 5min? For example, daily price must be ...

Ichimoku forever

Yes, I've read through, I just wasn't clear on when you switch to the 5min For example a S/R trader will view a 4hr chart. When price reaches the resistance line, he will switch to 5min to time his entry. He can see the resistance line in the ...

Ichimoku forever

From another site: As you can see in the Ichimoku Components section above, each line calculation has one and sometimes two different settings based on the number of periods considered. After much research and backtesting, Goichi Hosoda finally ...

Ichimoku forever

Anyone had any luck with this? If not, I can have a look as I was trying to do this the other day.

Ichimoku forever

In your answer, I think you stated, we would not trade the green circle here. Do you ever adapt the rules to trade a retrace to the kumo? We often find that all the signals occur but if we wait for a retrace to the kumo then we can enter again? If ...

Ichimoku forever

Ok, but do you compare with a normal candle chart. If your fabourite entries are triple top breakouts then do you see the chart that has the most of the these breakouts or just the most successful ones? I'm guessing the best for forex is a setting ...

Trading with Point and Figure

1/ Ok, but how do we know it's a good setting? What indicates that we might have the correct box soze? I mean 10 seems ok for GBPUSD but so does 20. 2/ In your picture above on post 111, wouldn't you have traded the first sell signal before the ...

Trading with Point and Figure

When you get catapaults, obviously you can trade the catapault but what about the 1st double or triple top buy signal, wouldn't you have traded that as well? What box size do you generally use for the forex pairs? I assume 3 box reversal

Trading with Point and Figure

The double top is not the signal to buy though, it's the next x...for example. So if a double top is formed at 1.5000 and you have a 10pip box size, you would have to enter the buy at 1.5010 because that is when the next X would be drawn? My ...

Intraday Point and Figure Trading

Today's failed trade on USDCAD - just looking for some insight. The angles are fine but I guess the 1st entry into the 21 and 10EMA was muddled up with the 50. The last retrace looked like it was holding out though until the 2 green candles. image ...

5Min Intraday System

Have you adpated any rules for trendline breakouts with this method. It seems often just using the MAs and candle patterns works very well but the trendlines would give further confirmation. Is it trendline bounces in conjunction with the MAs or ...

5Min Intraday System

Great explanation, thanks. So, how successful do you find this with forex and in particular the longer timeframes like 1hr, 4hr, daily?

Intraday Point and Figure Trading