Ichimoku Kinko Hyo trading system...!

[CamelToeJoe]

Still trading. 12 charts now to spot the best set up on the daily. Play the 4hr and 1hr, time entry with the 5 minute. Hope all is well. I had a blockbuster month in October and the first half of November. I have been coasting through the holidays since then. I'll be back to my usual trading after the New Year. Good Luck!

 

[vinst]

Have the best of holidays , Camel !!

vin

 

[sr114]

thanx linkon for the wonderful explanation on ichimoku. thanx a lot

 

[CamelToeJoe]

Have the best of holidays , Camel !!

vin

Thank you, Vin! Happy Holidays to you as well.

 

[4xpipcounter]

Carmel Joe! I just found this thread. I use the ichimoku myself. I got to get caught up on this thread. I can tell I'll be sticking around for awhile.

 

[4xpipcounter]

Like most, I'm very standard. You are the 1st ichi trader I have seen using such a varied form of settings on the cloud.
You mentioned in another post about price not hitting the gray area. Was that another setting on the cloud or another indicator?

I personally don't see a major difference between using 7 and 22 vs 9 and 26. I prefer 9 and 26. I actually use 9, 16, 24, 32, 64, 128, and 256 for day/swing trading with 9,16, and 26 for reference and the kumo for breakout plays. I usually only play outside of the kumo.
Everyone is different. There has been a lot of trial and error to find out what works best for me. I am loving this setup.

Initial play. 2min charts

Now trading at 1.3901 +145 pips

 

[4xpipcounter]

Eur/usd

http://img375.imageshack.us/i/eurusduu.png/

This is my setup. The thing I like about the ichimoku cloud is that it lets you see in the future. I mentioned in my thread at the beginning of Tokyo that containment for the day should be 1.3155. That level comes from my proprietary set of S&R's, but the chart shows the R is such a cluster event. Looking at the cloud, it is going to get pinched downward and beyond the 1.3077 level.
Maybe someone has a different thought.

 

[linkon7]

Re: Eur/usd

http://img375.imageshack.us/i/eurusduu.png/

This is my setup. The thing I like about the ichimoku cloud is that it lets you see in the future. I mentioned in my thread at the beginning of Tokyo that containment for the day should be 1.3155. That level comes from my proprietary set of S&R's, but the chart shows the R is such a cluster event. Looking at the cloud, it is going to get pinched downward and beyond the 1.3077 level.
Maybe someone has a different thought.

Bro, you are missing out on the fun by not utilizing the CS. That is the most powerful and yet the most under rated indicator in Ichi. It provides amazing clarity in terms of price action. KS or TS is impotent in the absence of trend but CS can never fail you...

 

[4xpipcounter]

Re: Eur/usd

Linkon, I can tell you have intuited something. Are you referring to the chinkou crossover of the candle, and as it turned out. I did get the move a little further down, but that cluster R was broken. So, your inference must be that what I missed was the chinkou crossover?

Bro, you are missing out on the fun by not utilizing the CS. That is the most powerful and yet the most under rated indicator in Ichi. It provides amazing clarity in terms of price action. KS or TS is impotent in the absence of trend but CS can never fail you...

 

[4xpipcounter]

Linkon,I want to pick your brain concerning the chinkou being the most powerful and underrated indicator of ichimoku.
The first encircled portion is where the chinkou crossed on top of the candle, then quickly moved back under, which might be deemed as a head fake.
The second encircled area is is the corresponding candle with respect to the chinkou crossover. Would you say that price did not obey the chinkou crossover because of the tenken and kijun flattening? Or, maybe you are looking for an additional candle for confirmation of an entry in this case?

BTW, excellent thread! I would recommend all new traders to read this thread keeping at least an open mind.I'm learning stuff, and I've been using the ichimoku cloud for almost 4 years. Thanks!