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[bigdoglee007]

You focused on daily time frame in the book. Do all the same principles apply to lower time frames? I trade the 1hr and 4hr time frames.

[sunman4008]

Hello,

Yes...exactly.   The same rules apply for lower timeframes.   One thing to remember is that lower timeframes move faster.  Therefore, if one of the indicators are weak but if your entry will PROBABLY make it medium to strong then you can enter.   If when you enter, your estimation was wrong, you can exit right away.     You have to "predict" more when trading lower timeframes.

Remember, even though I illustrated everything on daily timeframe and the backtest for a currency pair, it DOES NOT mean that is your limitation.  You can use the same trading plan for other instruments (you have to change values for stocks, futures, etc) and other timeframes.   Based on all the reviews, a lot of people do not understand that but there is no way I can illustrate everything.   

-Manesh

[bigdoglee007]

What do you mean by..."you have to change values for stocks, futures, etc"? Do you mean we have to change the indicator values for the Kijun, Tenkan, etc.?

[sunman4008]

Hello

I never change the formula.

For stocks, you can't use 300 pip as PRESERVE mode because pip's don't exist in the stock world.   Therefore, you have to use a certain $ value or percentage value for example.    The buffer can't be 40 pips, it has to be a percentage, dollar/cent value, etc.


-Manesh

[CamelToeJoe]

Hello,

Yes...exactly.   The same rules apply for lower timeframes.   One thing to remember is that lower timeframes move faster.  Therefore, if one of the indicators are weak but if your entry will PROBABLY make it medium to strong then you can enter.   If when you enter, your estimation was wrong, you can exit right away.     You have to "predict" more when trading lower timeframes.

Remember, even though I illustrated everything on daily timeframe and the backtest for a currency pair, it DOES NOT mean that is your limitation.  You can use the same trading plan for other instruments (you have to change values for stocks, futures, etc) and other timeframes.   Based on all the reviews, a lot of people do not understand that but there is no way I can illustrate everything.   

-Manesh

Great post Manesh! I trade on the 1 min and 5 minute ichimoku charts using basic ichimoku settings (9,26,52) and do quite well. There is no reason to change.

[mrrocky]

Hello Summan,

If I use lower timeframes eg 1 hr tf, based on your experience, it would be settup for entry buffer and preverse mode. How can it make to determine optimum buffer?

Regards,

[sunman4008]

Hello,

Look back in time and see where price bounced off the KS and continue with the trend.  It will tell you how pips to use for the buffer or use a % of the ATR.


-Manesh