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Flying Dutchman

  • #6,061
  • Mar 10, 2023 11:45am Mar 10, 2023 11:45am
Quoting Kwt4x
{quote} the ichimoku is a really great breakout system, it help you to stay in trades and get the Lion Share since the cloud is a future S/R. I'm diabetic, so both are not good for me cheers,
Reminds me of this chap from the past that stripped down the ichi to one ma
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #6,062
  • Mar 10, 2023 11:50am Mar 10, 2023 11:50am
Quoting Kwt4x
{quote} you traded MM for years, so it is yours. you know it's behaviour exactly. I'm talking about other traders who think it repaints when the range size change. cheers,
Agreed
What appears to be a weekness to everyone else
Is it's
Strength to me
  • #6,063
  • Mar 10, 2023 12:04pm Mar 10, 2023 12:04pm
Quoting turnip15
{quote} Reminds me of this chap from the past that stripped down the ichi to one ma https://www.youtube.com/watch?v=5a8oHcG1DUc
the guy trashed everything

the ichimoku from the 60's, and most other methods and indicator's are based on daily, but the ichi based on the weekly and it's time-based (hence the 52 weeks in 1 year), so it's more for investment than trading.

to make it work for lower TF's you need to make sure it's time-based too.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,064
  • Edited 4:09pm Mar 10, 2023 12:05pm | Edited 4:09pm
Quoting Shabs19
From the Hourly perspective : {image} Sorry for the edit, the bigger picture is better to understand MS
Update on this mornings GJ Chart I posted.

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-10_22h00_20.png Size: 50 KB


Edit @ market close to show a well organised market playbook.
It never gets easier, you just get better
  • #6,065
  • Mar 10, 2023 12:16pm Mar 10, 2023 12:16pm
Quoting Kwt4x
{quote} the guy trashed everything the ichimoku from the 60's, and most other methods and indicator's are based on daily, but the ichi based on the weekly and it's time-based (hence the 52 weeks in 1 year), so it's more for investment than trading. to make it work for lower TF's you need to make sure it's time-based too. cheers,
Would be nice if the original work was translated into English or Spanish ... Would love to read that. There was a lot of years put into ichi.
Mark ... Everything you have been told is a LIE
  • #6,066
  • Mar 10, 2023 12:18pm Mar 10, 2023 12:18pm
Quoting turnip15
{quote} Reminds me of this chap from the past that stripped down the ichi to one ma https://www.youtube.com/watch?v=5a8oHcG1DUc
I have a system built around his ideas. Right before I was going to go live with it, I decided to do what I am doing now. Glad I made that decision.
Mark ... Everything you have been told is a LIE
  • #6,067
  • Mar 10, 2023 12:25pm Mar 10, 2023 12:25pm
Quoting turnip15
{quote} Reminds me of this chap from the past that stripped down the ichi to one ma https://www.youtube.com/watch?v=5a8oHcG1DUc
And you know, he is not that far off....we tend to get focused on so many systems, methods that we forget some of the most basic concepts at times. Ichimoku is a really good breakout method, but for short term trading it lacks in some areas. But if you just follow the most important aspect, the kijun average, this is what you get..........not all that hard to trade using basic candle price action...
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  • #6,068
  • Mar 10, 2023 12:39pm Mar 10, 2023 12:39pm
Quoting Swede
{quote} And you know, he is not that far off....we tend to get focused on so many systems, methods that we forget some of the most basic concepts at times. Ichimoku is a really good breakout method, but for short term trading it lacks in some areas. But if you just follow the most important aspect, the kijun average, this is what you get..........not all that hard to trade using basic candle price action... {image}
And if you translate the 5 min setting on a 1 min chart (instead of 26 use 130) this is what you get....interesting isnt it?
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  • #6,069
  • Mar 10, 2023 12:40pm Mar 10, 2023 12:40pm
It's the poor wot get the blame

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #6,070
  • Mar 10, 2023 12:44pm Mar 10, 2023 12:44pm
Quoting spzd
{quote} Would be nice if the original work was translated into English or Spanish ... Would love to read that. There was a lot of years put into ichi.
not needed if you are familiar with Donchian channels and averages(older breakout system), the system is based on it's averages, he shifted the averages(+50%) to form the cloud as future S/R, and shifted the price(MA 1 -50%) to the past as a confirmation when it get closer to current price to form sideway, the rest are averages crossing.

so, without the terminology used, just think Donchian averages. or averages in general.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,071
  • Mar 10, 2023 12:56pm Mar 10, 2023 12:56pm
Quoting Kwt4x
{quote} not needed if you are familiar with Donchian channels and averages(older breakout system), the system is based on it's averages, he shifted the averages(+50%) to form the cloud as future S/R, and shifted the price(MA 1 -50%) to the past as a confirmation when it get closer to current price to form sideway, the rest are averages crossing. so, without the terminology used, just think Donchian averages. or averages in general. cheers,
I would want to read for insight not a trading method.
Mark ... Everything you have been told is a LIE
  • #6,072
  • Mar 10, 2023 1:00pm Mar 10, 2023 1:00pm
Add some perspective like Big round Numbers, or Murray Math 15 min 1 hr levels and you have a complete and uncomplicated entry system...just some thoughts which I should keep to myself...and apologize to the thread starter if this seems to be off base...
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  • #6,073
  • Mar 10, 2023 1:15pm Mar 10, 2023 1:15pm
Quoting Swede
Add some perspective like Big round Numbers, or Murray Math 15 min 1 hr levels and you have a complete and uncomplicated entry system...just some thoughts which I should keep to myself...and apologize to the thread starter if this seems to be off base... {image}
Swede
Very simple and neat
ps
guess you know what I would add
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  • #6,074
  • Mar 10, 2023 1:31pm Mar 10, 2023 1:31pm
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Mark ... Everything you have been told is a LIE
  • #6,075
  • Mar 10, 2023 1:52pm Mar 10, 2023 1:52pm
Quoting spzd
{image}
Yep, there was a ton of reasons to be on the short side after news.....Head and Shoulder pattern, Failure at BRN, Failure at Kijun, all basic trading concepts, 1,2,3,4, pattern..... nothing complicated and again if only trading the levels of interest using the Kijun line on the short term charts, even then would be some very nice profits....
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  • #6,076
  • Mar 10, 2023 2:01pm Mar 10, 2023 2:01pm
Quoting Swede
Add some perspective like Big round Numbers, or Murray Math 15 min 1 hr levels and you have a complete and uncomplicated entry system...just some thoughts which I should keep to myself...and apologize to the thread starter if this seems to be off base... {image}
The thread is an open discussion, no one method is preferred or rigorously enforced, 👍
  • #6,077
  • Mar 10, 2023 2:08pm Mar 10, 2023 2:08pm
Quoting fxpider
Trader's INTENT vs Researcher's INTENT A trader will post a chart with clear annotation enabling others to go through the thought process of that particular moment of the trade. Whereas a researcher will post his/her factual findings in such a way that, others will need to conduct further research to extract the facts and whoever doesn't, it will remain fictional to them.

hey ive read ur posts, do u trade like stacey on youtube? seems quite similar, nice job
  • #6,078
  • Mar 10, 2023 4:14pm Mar 10, 2023 4:14pm
Quoting Kwt4x
{quote}
any system will make you money my friend, you just need to put some effort to avoid the negative side of it.
we talked about the GANN NPL before, it's more accurate and fixed. cheers,

Sums it all up perfectly, for ME, cheers Kwt
  • #6,079
  • Mar 10, 2023 4:17pm Mar 10, 2023 4:17pm
Every moment on every chart has potential.

I prefer to wait until traders & the market get excited at 'whatever' level, and then they begin to 'dook it out'.
If the level forms into market structure, and is then broken and re-tested these levels are nice enough entries for me.
Then its, targets, targets, targets for this trader lol.


Saturday morning is always a let's review New York behaviour for me lol (as I was sleeping then).

.
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  • #6,080
  • Mar 10, 2023 4:20pm Mar 10, 2023 4:20pm
Quoting Shabs19
{quote}
Update on this mornings GJ Chart I posted. {image} Edit @ market close to show a well organised market playbook.

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