Ichimoku Kinko Hyo trading system...!

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linkon7

linkon7

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#204
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CamelToeJoe

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#205
linkon7 said:
@camel,
I seen your method and you have taken it to a whole new level...

I trade options on Nifty only and Ichimuku helps a great deal in my speculation. Its the total picture of how things stand in terms of price valuations. My assumption is that price always comes back to the mean fair value (Kijun sen) after it goes to an excess or KS will move towards price and establish a new fair value.
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linkon7 said:
3. short time fair value (TS) is at 5192 and as long as we havnt effected a close below this line we have to assume that traders will chase the price...
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^I love how you explained this. It's exactly on my line of thinking.

Thank you Linkon for the charts and explanations. I really like what you doing and I think we are pretty much on the same page. I see what you are saying and I completely agree. We have to look at TS, KS, SSA, and SSB as simply moving averages. That is to say price wants to move towards the higher of the averages (KS and SSB).
And each one of the moving averages also act as support and resistance. The more layers of resistance (TS, KS, SSA, SSB) price breaks, the more prices will move up and confirm the bullish trend. NOTE - I say UP/BULLSIH because I don't short prices as I mostly trade US Stocks. Options and Puts are a different story but in swing trading stocks, I never short.
 
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CamelToeJoe

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Consensus - The arrows for your INs are very nicely placed. This is usually where I like to get in as well even if it is below the cloud. (KS above price and TS, but price just crossing above TS). If you are already in, then for me, it's considered a HOLD until price closes below KS.



I haven't used Ichimoku hourly yet...
 
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vinst

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#208
#208
CamelToeJoe said:
^I love how you explained this. It's exactly on my line of thinking.

Thank you Linkon for the charts and explanations. I really like what you doing and I think we are pretty much on the same page. I see what you are saying and I completely agree. We have to look at TS, KS, SSA, and SSB as simply moving averages. That is to say price wants to move towards the higher of the averages (KS and SSB).
And each one of the moving averages also act as support and resistance. The more layers of resistance (TS, KS, SSA, SSB) price breaks, the more prices will move up and confirm the bullish trend. NOTE - I say UP/BULLSIH because I don't short prices as I mostly trade US Stocks. Options and Puts are a different story but in swing trading stocks, I never short.

In order to understand the depth of Ichimoku to the fullest, I had to take it to the extreme. I was sort of like a rabid dog trying to find food in every corner until one day I found a giant dumpster with all the food I will ever need. :rofl:

You see, when you truly love something, you emerse yourself in it in every which way. I know you understand this completely. I put myself in the charts for so long that I felt like I was seeing in 3-D. Now that I fully see the many layers of ichimoku, I can take a step back and bring it back to the basics. I don't need to be as complex now. It's very simple. We are merely looking at moving averages (4 of them to be exact) and each one of their values when looked at as a whole paints a very clear picture of future price movement.

I'm trying to catch prices as they swing from their downturn into their upturn.
Very simple concept, really. The magic for me happens when price is in between TS and KS. This is the anticipation of prices moving from their downtrend into an uptrend whether this be below the cloud or above. It's all the same when you are swing trading. If you are trend trading then yes, you will of course want your magic signals to happen in (neutral) or above (strong buy) the cloud.

If some of the nifty traders would like to post their charts I would love to analyze them and explain what I see.
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Hi CamelTJ,



I am posting chart of sensex EOD. Limitations: I do not hve bars but the closing price along with the 4 averages + 1 delay line. Terms as I learnt from other literature. Hope you will not find it too difficult to co-relate with yours. If it is, please do not strain, just indicate.
Would like to have your reading of the chart.
regards
vin
 
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CamelToeJoe

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#209
#209
Well that looks bullish for the moment but there also seems to be some resistance. This isn't a buy for me just a hold if you are already playing it. IF TS (yellow line) breaks resistance, SSB (red line) will start moving up then I would look for a possible IN. Would love to see an oversold/overbought indicator in conjunction with the above averages.
 
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