Ichimoku Kinko Hyo trading system...!

[linkon7]

haha well thanks Linkon. I appreciate that. You're the Guru though, buddy! I said that because I posted what I felt like were some insightful posts and no body commented on them or had any questions.

It's all good. Been making a lot of successful trades with these shorts in the markets now.

You married Ichimuku...

I'm yet to marry a particular system. I keep shifting systems and strategy every alternate week... I'm more fascinated with various indicators and systems. I'm still searching for that holy grail that can be mechanised... something i can put to auto trade while i catch a movie and smile my way to the bank EOD...

I wish i could just settle down like you... Instead of being a nomad... envy you bro...!

 

[Sunny1]

Excellent Analyze and superb excution Linkon7...

 

[CamelToeJoe]

You married Ichimuku...

I'm yet to marry a particular system. I keep shifting systems and strategy every alternate week... I'm more fascinated with various indicators and systems. I'm still searching for that holy grail that can be mechanised... something i can put to auto trade while i catch a movie and smile my way to the bank EOD...

I wish i could just settle down like you... Instead of being a nomad... envy you bro...!

You're right, I did marry Ichimoku. :lol: A mechanised system would be very nice. I'm sure you're the closest to reaching that point more than anyone I have read about online. Good luck and I look forward to learning more from you!

 

[vinst]

Hi,

Sensex ichimoku update.
closed above TS and on the verge of closing above KS .
Upper chart is now with candles (lower chart yet to be converted, please bear with me).

Acc-dist has made a higher high (pink line in upper chart).
Very slow sto (pink line in lower chart) has turned up with sto having made +ve div.
Bearish cloud in furutre has expanded a bit.

Overall, it seems mixed bag to me.

regards
vin

 

[vinst]

Hi,

Sensex ichimoku update.
closed above TS and today closed above KS.
Ichimoku buy .

 

[AW10]

vinst, I am learn Ichimoku trading..hence my novice comment here

- Isn't buy too early ?
TS is still below KS on sensex, ie.. last 9days average price is still below last 26 days average price.. // CMP is below the cloud / and future cloud is also bearish..

plz share your views, if psosible ?
@ CTJ/Linkon - your views are also appreciated.

Happy Trading

 

[linkon7]

vinst, I am learn Ichimoku trading..hence my novice comment here

- Isn't buy too early ?
TS is still below KS on sensex, ie.. last 9days average price is still below last 26 days average price.. // CMP is below the cloud / and future cloud is also bearish..

plz share your views, if psosible ?
@ CTJ/Linkon - your views are also appreciated.

Happy Trading

actually TS is 50% retracement of last 9 Bar's High and low. KS is 26 bar's median.

TS is below KS is always bearish and specially if CMP is below cloud...

Problem is..most people use KS and TS as moving average and ignore the delayed line all together... Its a very costly mistake... That provides the entry and exit... rest all is just telling u relative conditions of the market... sometimes..patterns are visible on line chart that are masked by candles... ichi combines the power of both...

ICHI gives u the total view in one glance. I dont have sensex charts...but on nifty it looks like this....

 

[vinst]

thanks Linkon7 , AW10, CamelToeJoe

I am posting sensex Ichimoku to learn this technique. If my buy reading was wrong, it will be shown by price closing below TS. As of now emacd fall has flattened (brown line. Its 9MA is blue line. Both have scale on right side)

It goes without saying that there could be several wrong readings before I can make first correct reading with Ichimoku tools.

regards
vin

 

[linkon7]

thanks Linkon7 , AW10, CamelToeJoe

I am posting sensex Ichimoku to learn this technique. If my buy reading was wrong, it will be shown by price closing below TS. As of now emacd fall has flattened (brown line. Its 9MA is blue line. Both have scale on right side)

It goes without saying that there could be several wrong readings before I can make first correct reading with Ichimoku tools.

regards
vin

MACD is basically for ema traders...

Avoid using macd to compliment Ichimuku. MACD is just the gap between 2 ema. if u are using 12,26,9 setting, it just means we are plotting the difference between 12 ema and 26 ema. we then use 9 ema of this line as the signal. MACD crossing zero from below is a bullish signal. But if its below zero and crossing the signal line, it just means exit your short.... It just means the gap between the ema 12 on price and the ema 26 are becoming narrow. It might cross, it might not also. If the gap starts widening, then macd will start falling...that the signal to go fresh short again....

Stoch & rsi compliment Ichi very well....

 

[CamelToeJoe]

Problem is..most people use KS and TS as moving average and ignore the delayed line all together... Its a very costly mistake...

Thanks for the reminder. Sticking to mechanics...

Can you guys over in India play gold futures?

Keeping things simple, back to basics. Hourly play while watching the 1 minute for entry.

shorted gold at 1225 using the bear TS/KS cross in the cloud as my trigger on the hourly. I was also keeping an eye on the 1 minute to time my entry.
Other possible triggers were the CS cross below price action and SSB cross below SSA. All confirmations of a short. :Thumbsup: Now trading at 1208

Being an ichimoku trader, you have to wait with patience. You can't just enter a trader because you think it might turn into something (at least I can't. I make mistakes that way). I've talked about looking for buckets which gives me anticipation of a trend reversal. I can't always play the bucket though. I like trading in and out of the cloud while watching TS/KS for entry. CS as Linkon has shown is very good play entry/reload and confirmation as well. Ichimoku is lethal when fully understood.

In summary, keep things simple if you are using just ichimoku. I've tried many different techniques for many many hours and the basic signals can generate a lot of money if you have the patience to wait to the right play. Use tight stops to minimize your losses and maximize your profits by letting your winners run until you see a different signal. Sometimes you may need to take chips off of the table and reload on the pullbacks to lock in gains and continue with the trend.