Ichimoku Kinko Hyo trading system...!

[CamelToeJoe]

It's nice when I don't have to make 22 trades in one day to make almost $300 USD but I thought it was funny so I thought I'd share. I usually make less than 10 trades a day and try to bring in anything over $200. $400 is a great day for me though.

This was done with 20:1 leverage and average margin required per trade is around $5,700.

In order:
Euro FX Futures
S&P 500 Futures
Gold Futures
Ultra T-Bonds Futures

 

[vinst]

Camel,
were you competing with algo trading ?

vin

 

[CamelToeJoe]

Camel,
were you competing with algo trading ?

vin

Yes, I was. I know people that don't like it but I throughly enjoy battling the bots.

 

[CamelToeJoe]

This is more like it

In order: S&P Futures and Ultra T-Bond Futures

 

[CamelToeJoe]

Made 2 more trades...and that should be a day.

Trades completed in 46 minutes using nothing but strictly Ichimoku on the 1 minute charts.
I have volume up but I don't pay too much attention to it. I feel all I need is ichimoku.

Don't mind the Mark, change, or %change as this reflects daily movement and not my individual trades.
The P/L does however.

I'd like to mention that my style of trading is part Ichimoku signals and part intuition. I don't wait for the exact buy signals to occur. After over 1400 hours of watching Ichimoku charts, you begin to develop a hunch of what's going to happen next. I don't try to look out for weeks, months, or years ahead. As I've developed my craft I went from Buy and Hold trader, to swing trader, to day trader and I have to say that day trading for me as been the most lucrative.

 

[CamelToeJoe]

Well I saw some more setups I liked so I traded...

 

[CamelToeJoe]

waiting for my gf to get off work...here's how I ended up on the day

12 trades round trip. Total trading time was 1 hour.

 

[maknil]

hi CTJ,

can you throw up your trading rules (entry, exit and sl) for day trading.

:thumb:

 

[CamelToeJoe]

Hi Maknil - I'm sorry but I cannot share my internal trading information with the public but I will share some minor details.

My stops are usually set very close as I am all about timing and when I enter a trade, I expect it to immediately start moving in the direction that my trade was intended for. If it doesn't, I get stopped out. You will notice that you do not see any stops hit on my trades from above I average a very high win:lose ratio and am not stopped out very often. On days that I am stopped out, my losses are kept to a minimum. Today has not been the best of trading days for me. I'm only up $53 on 16 trades. Only 25% of my stops were hit. Sometimes I may execute a market order to get out of a losing trade more quickly than waiting for it to hit the stop if I know I was wrong. One reason to my losing trades today may be because I am watching 5 different instruments when lately I've only been using 2 or 3. I will catch on to this quickly though. I was making excellent gains when I was only watching 1 instrument a day. Then I stepped it up to 3 and I started losing money. This lasted only 1 week and by the next week I had the 3 instruments dialed. Now I'm onto 5 which I think is plenty to watch.

I keep my chart very basic and use a combination of intuition, price action, volume, and ichimoku indicators.

I know my targets before I enter a trade.

 

[CamelToeJoe]

First time trading 5 different instruments, looking at each one for the best setup. 18 Trades Total. Not impressive, but it's in the green :thumb: Basic Ichimoku/Price Action trading on 1 and 5 minute charts.