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Thread: Ichimoku System

  1. #1
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    Ichimoku System

    Hi guys, as you know we are trying to understand if the ichimoku it's a system that can help us to improve our trading and if it's compatible with harmonic trading... Im using the ichimoku for 2 months now and i have a really shi**y % of winning trades, only 55%, still im 1067 pips in profit , this means that the ichimoku can guarantee a good R:R ratio , as many of you already know the system is based on a series of MAs slightly modifieds, we need to lear how to use them all , i'm still learning myself... The best method for me is to identified the trend on a bigger tf and use the smaller ones to re enter after a pullback... Im going to post a few examples, remember, the chikou span is the green one, the tenkan sen is the red one and the blu is the kijun sen... The kumo cloud is constructed by the senkou span A (orange) and the senkou span B (purple), if the price is above the kumo and the senkou span A is above senkou span B we have a bullish trend... How i use it? i look on 4h and 1 h tfs, if the price here is above the kumo i look for bullish signals on 15 minutes... Like this:

    On 1 h tf we have price above kumo, also the tenkan sen and the kijun sen are above the kumo, as you can see a few hours before the price dropped and on 15 min chart we had a weak bearish signal, you can ignore that and wait for the price to raise again, the signal for bullish entry is at 3:00, look the green cross
    Ichimoku System-ichimoku-1htj.gif


    Here we have the bullish signal on 15 min
    Ichimoku System-ichimoku-15mintj.gif

    Ichimoku System-www.myfxbook.com-2012-11-30-14-55-59.png
    Attached Thumbnails Attached Thumbnails Ichimoku System-ichimoku-15mintj.gif   Ichimoku System-ichimokuj-1hey.gif  

  2. #2
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    let's see another one, again we look were the price is in relation with the kumo, we have the chikou span above price, the tenkan sen and kijun sen above price... after a good rally the price start to range, and fall a little...

    As you can see, between the two vertical red lines the price went below the kijun sen and the tenkans sen cross the kijun sen from above to below, but we are above the kumo, and the chikou span is above the price... So a very weak bearish signal... we look for re enter on 15 minutes...
    Ichimoku System-ichimokuj-1hey.gif


    Here we can see the situation on 15min charts... the price drop below the tenkan sen and the kijun sen, after a while it broke through the kumo cloud, but look at the chikou span, it never broke the kumo... and again, on the bigger tf we are still bullish... so we wait for the bullish signal, and we have one at 12:00, in this case we have the price above the kumo, the chikou span above the price and the cross between tenkan sen and kijun sen is ner the kumo, also the kumo is very very thin wich means that the kumo break out is very plausible...
    Ichimoku System-ichimokuj-15ey.gif

    Ichimoku System-www.myfxbook.com-2012-11-30-14-57-54.png

  3. #3
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    Hi guys, today i will try to help with the ichimoku and the 121 pattern, how can we use the ichimoku to see if a one will be a winner or not...

    Here we can see a 121 pattern on 15min:
    Ichimoku System-ichi-121.gif
    Ok according to ichimoku we have a medium bearish signal; the price is below the kumo, the cross between TS/KJ is located almost below and outside the kumo, but the chikouspan is still inside the kumo and the shadow kumo is flat, chikouspan inside kumo and kumo shadow flat means resistance... Now lets look where price is in 1h tf...


    Ichimoku System-ichi-121-1h.gif
    The first vertical red line is the chikouspan position... It's still above price 26 periods before... it means bullish trend, the second vertical line is the price position... above kumo... it means bullish, the kumo is also quite thick, it means that a reversal it's difficult to happen...

    So.. If we use the ichimoku to identify the trend on a bigger TF we can judge with some others elements if the 121 or the harmonic pattern will be a winner or not , in this 121 we would have risked a max of 20 pips and a tp of 70 pips
    Last edited by kidrock82; 12-15-2012 at 08:47 AM.

  4. #4
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    Another 121 situation, this time on 1h tf, with a look on 4h tf...

    121 on 1h:
    Ichimoku System-ichi-121-1h1.gif
    What elements can we use here to help us with the 121? The first it the kumo flat... you can see that the senkou span B above the 121 is flat, when the kumo is flat it will attract the price... Like a flat kijun sen... in fact some time later we have a bullish signal ( a weak TS/KS bullish cross)...

    Let s see where this pattern is on a bigger tf, 4h....
    Ichimoku System-ichi-121-4h.gif
    Here we have to look 3 elements, first one the chikouspan, its still above the kumo, in fact the price reverse when the chikouspan touch the senkouspan A, the second element is the KS, it's flat and above the kumo, it means that it could attract price... The third elements it that in relation to chikouspan and kijun sen we can treat this as a false kumo breakout , these signals and the 121 on 1h tf suggest us that the pattern could be a winner

    I hope this will help in future


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