Ichimoku Kinko Hyo trading system...!

[CamelToeJoe]

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[CamelToeJoe]

Sensex has fallen below TS. KS still offering support and considered a hold. Would also be watching TRIX, stochastics, and possibly ATR for a pullback.

Ichi Support Levels

KS - 17,500
SSA - 16,900
SSB - 16,800

 

[CamelToeJoe]

Swing Trading using Ichimoku

I checked out the daily chart after linkon's daily post on nifty. Same play as the daily
Thanks Linkon

 

[CamelToeJoe]

Sensex - Price currently testing KS support. Watching...

 

[vinst]

I have tried to find ichimoku setups and got 3 within last 3-4 days. Setups for BPCL and DHAMPURSUGAR are based on closing price going above TS (I am using macd signal line with 9MA in place of trix. They are the same) whereas the setup for sundaram fasteners is for TS crossing above KS and stochastics is shown in this chart.

BPCL: chikou span is away from price. proxy of trix (eMACD with 9MA) seems to be rolling up. see one whipsaw on this a few days ago around day 3250.

Dhampur sugar: longish downtrend recently.

Sundaram fasteners: price testing bottom of cloud which is narrowed in future projection.

CTJ, could you please give analysis of these scrips if convenient.

I notice a similarity of using trix with a setup which I use. I use emacd (12,26,9) and scan for it to start rising + downtrend (lower pivot lows, lower pivot highs) on EOD data based on 5-bar pivots. Buy point is above the most recent pivot high.
regards
vin


Images not loading. tried both imageshack and imagebam for uploading

 

[CamelToeJoe]

Today we saw our first sell signal as Sensex and Nifty both crossed below KS. This is considered weak as price is above the kumo.

 

[CamelToeJoe]

Got your files here Vinst. I'll comment on them later. Just be aware that I'm staying out of most longs right now as the markets turn a little bearish

For this chart, I would look at positive accumulation/distribution. Our current trading range resides in between TS/KS. All Indicators are flat (neutral)

Looking for an SSA/SSB cross (future) and price above SSB. Would also watch stochastics and trix.

We see our first resistance at KS (520) Then SSB at 540. Watch stochastics.

BTW - I haven't been able to find todays charts to compare. I'll check later.

 

[vinst]

sensex update:
price on left side, macd/trix or sto on right side, EOD chart.
observe that trix and macd signal line (emacd) is very nearly the same

(1) sto is nearing 30 and price is fairly above cloud. is this setting up for Bullish re-entry?

(2) SSB is flat.

regards
vin

 

[CamelToeJoe]

Yes, looked like a nice spring off of KS there for a bull setup.

http://www.traderji.com/futures/30600-ichimoku-kinko-hyo-trading-system-24.html#post427328

I see your emacd line matching TRIX(15). I use a TRIX(15) for the slow line and a TRIX(9) for the fast line. I watch for the crossover between the two.

Do you have a fast line to go with the emacd?

 

[CamelToeJoe]

Same swing I've been playing Up 60% ROI now