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[sunman4008]

I have noticed that no one has posted to this section for a very long time.      I want to take a poll to see what each member is using in regards to Ichimoku strategies?   


-Manesh

[hardyfoster]

i use the whole indicator.
just using part of it will work, i guess, if you want to trade that way, but i recommend using everything.

i just saw a video someone did talking about the kumo breakout, but they were only showing the "good" trades , of course using historical data.  Any fool (not meant as an insult) but any fool can take any indicator with historical data and say buy here , sell there.
sometimes i see a kumo breakout but the rest of the ichimoku data doesn't agree with the trade and
sure enough, price goes back down into the cloud.

having said the above unecessary stuff, I use the whole indicator.

I have seen alot of interesting things that let you know to stay out of the market often.

Sometimes I see a buy signal BUT the leading kumo is bearish.

Sometimes i see a buy signal BUT chinkouspan is below the prices.

Sometimes I see a bullish market but chinkouspan is showing the prices are getting lower.

I may see a kumo breakout  but senkouspan A is flat.  Or the tenkan and the kijun don't agree with the direction of the breakout.

I may see a bearish market, BUT senkouspan A is rising and chinkouspan shows closing prices are rising.  Don't enter at this time as prices are obviously going up.

i may enter a buy trade and see the price is going against me, do i get out or stay in ? 
Then i look at senkouspan A (what i call the short term direction) and see it is still angled up or flat, so i know to stay in.  If it were angled downwards I would get out. 
I call senkouspan B the long term trend.



so, by using the whole price overlay, you can see along with candlesticks what is going on in the market.  I prefer to call it a price overlay instead of an indicator since prices do interact with ichimoku but relying on just an ichimoku signal (like i used to do---waiting for everything to line up) isn't the best way to go at it.  It's ok, it's safe, just not my preference.

Because if i waited for everything to line up, i wouldn't have sold AUD/USD via the monthly chart since it shows bullishness.  But now i understand the purpose of the chinkouspan (line chart) and how to use it.  So, I won't look to buy AUD/USD until ideally, the monthly chinkospan is angled back upwards.  yes, you could try to buy on support and enter a buy on the lower timeframe, but i don't do this.

If there is a true buy on support from all of the underlying timeframes, it will be reflected on the monthly chinkouspan by it angling back upwards.

[sunman4008]

Hello,

Thank you for the feedback.     Out of curiosity, how long have you been trading Ichimoku?

You are the first person that I have ever heard besides me that looks at the Monthly Ichimoku chart.

-Manesh

[hardyfoster]

i'm not sure of the length of time i have been trading ichimoku.... so i'll guess about a year.... but some of the info found online is hit and miss.

the ichiwiki helped alot.....i think if delving into the chinkouspan use like i have talked about it will help traders.

as well as angled directions of the various lines.....
not many people talk about this concerning any indicators that i have seen and read about, but this is a very important thing to know.

it may not sound like alot of time,
but not only have i spent much time programming ichimoku into an autotrader with success....
sometimes on my days off from work i will go to a 1 minute or 5 minute or 1 hour , whatever time frame and just
sit and watch prices and observe how the prices and ichimoku reacts and vice versa.
this in itself has "sped up" the learning process.

one thing i noticed last week watching a lower timeframe was ichimoku was showing bullishness and the chinkouspan said to enter.
so i said ok i enter here, and then price started going the other direction.  I observed that this did not change senkouspan A from being angled up to down or even flat, so i stayed in and was eventually in profit.

so i know i don't have to wait for a crossover of the senkouspans necessarily to take a sell from a previous bullish market.
if the chinkouspan shows closing prices are getting lower
the candles are bearish
senkouspan A is angled downward
and tenkan and kijun have crossed, then i know i can sell it.

but looking on the monthly, i choose to trade in that direction. as it requires less time for screen watching.
i think even a "bad trade" on the monthly will net you around 100 pips....

and entering on a lower time frame allows me to be in profit immediately since i trade on price action as well as ichimoku.....

not bragging, but i am in the top 20 list of traders at zulutrade now.....
pretty soon i'll be up there.
for me it's an achievement 
http://www.zulutrade.com/Performance.aspx
im under the name ichimoku master

[hardyfoster]

i changed my username from hardyfoster to realc4ever,
just for your info

[sunman4008]

Hello,

What is zulatrader?   Do you have your system automated there?

-Manesh

[hardyfoster]

zulutrader allows you to "manage" accounts without having to do the managed account stuff.

pretty much, ANYBODY can be a signal provider.

so you trade and the system keeps track of your results and such.

Then, people with live or demo accounts can subscribe to your signals.  If a user wishes, your signals will place a trade in their live account.  a signal proivder can have an unlimited number of subscribers. 

i saw gft's managed account platform options briefly.  oanda only lets you have up to 100 customers.
does gft limit how many customers you can have ?

www.zulutrade.com

[sunman4008]

Hello,

Not sure of the limitation of GFT.    I don't know much about the this business model.   

I am dealing with the institution side of the business i.e. hedge fund managers.

-Manesh

[hardyfoster]

does that mean you are in charge of the managers or they are working with you somehow ?

are there any requirements and such for me to join in that area of the arena  or do i just need to have
several years of a good track record ?

[sunman4008]

Hello,

Definitely don't want to be a manager....too much hassle.   I work on a contract basis with one institution.   That is the way I like it.

If you have a good track record of min. of 6 months + then you can explore the possibility of managing money.  If that is something of interest, you can email me privately.

-Manesh

[whyzer]

Manesh,

After listening to your Ichimoku explanation the other night and watching your vid clip I would like to learn more about your trading strategy. How can we can together so I can learn more?

[sunman4008]

Hello,

I have a couple of trading plans based on what I see on the chart.   I classify trades in the following manner:   trending, countertrend, or trend continuation.       There are strategies for each one of those trading plans.      Also, I have separate trading plans for short term and long term trades.

People may think that is a lot of trading plans but it really isn't.    With the trading plans, I have the ability to trade any market conditions without any limitations.

-Manesh

[faizal]

hello,im a fresh meat to FOREX and has been doing some small trading on my own recently.i chanced upon the Ichimoku method and it seems interesting and  can be used as reliable reference in trading.i hope for any1 out there who can gv me a helping hand coz i think my knowledge on the trading world is so limited. im in singapore and there is nobody dat can help me with the ichimoku method.

THANK YOU...

[CamelToeJoe]

I come a long way. My ichimoku trading style is quite different now.

[traderus]

Can anyone explane me what is ichimoku???