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[kingie_d]

Hello all,
I have been doing alot of short term swing trading recently, but as I'm only new and using only a small account to get started, commisions are adding up to take a huge chunk of my profits. I was thinking that med term would be better so starting researching other methods. I came across the Ichimoku (which I previously ignored because it looked like a mess to me then) and decided to get to know it.
The last couple of weeks of researching and learning about the Ichimoku have converted me.
I have started a demo account with OandA to give it a bit of testing and to fine tune my knowledge before I go live with it, but I am greatly impressed with it so far.
My issue now is, I went long in an Australian stock with my previous method and it is currently at just over 2R in profit. With my previous method I would trail the stop at 1 x ATR from the low of the day which made it quite tight, in order to catch as much profit as possible. I have applied the Ichimoku to it and it now looks like a good Ichi trade. Should I swap to the ichi method with this trade (and use the Kijun-sen as a trailing stop) and hopefully stay in the trade for longer and larger rewards, or, should I stay with my tight stops and use the Ichi on my next trades.  My entry was the candle after the vertical black line. That Ichimoku Trend Oscillator up the top is just an indicator I made in Metastock. It is a measure, as a percentage, of how far price is away from the Kijun-sen.
Here is the chart for some expert Ichimoku analysis....   Is it worthy of an Ichi trade???

[sunman4008]

Hello,

What is the Ichimoku trend oscillator?

On the chart, price is starting to get far away from the TS so there is a high possibility a pull back may occur soon to equalize TS and price.

CS is looking good so have an equalization the trend can continue.

-Manesh   

[Altamonte]

Using this member's chart, is it fair to say when looking at the momentum period that ended about 33 bars back, that the rather consistent movement of the chikuspan line "below" the rising price would serve as a caution to manage the stop carefully and when the price moved so far above the TS/TK at the top of the trend to have a stop at the TS or perhaps tighter?

From charts I've reviewed seeing the chikuspan stay at or below the price as the stock continues to move up in price is not too common.

Thoughts?  ..and thank you.