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[ozzy007]

Here we have a weekly USD/JPY chart. Last week we had a close above the ts at 91.87. This weeks chart is looking like it will end with a hammer & a close above the ts. So i will go long at 92.00 & my SL will be if the candle closes below the ts which is at 90.85 right now.

[Blaiserboy]

I am not too sure how you can decide to buy when it appears that the kumo is indicating a downtrend. Can you clarify a bit please.

Thanks

[ozzy007]

I just think this is oversold. The candle will move towards the kijun-sen. I think the candles are going to move & get closer to the ks. Need a good break above 92.50 & then target 93.50

[JackTrade]

Hi

I dont think you can buy this off the Weekly chart using Ichimoku, but If you look at the H4 chart & H8 chart I think the signals are there for a buy, just my opinion I'm no expert.

Jack

[ozzy007]

You can use whatever chart you want to place a trade. Just depends how long you want to stay in a trade. With the weekly you are looking at a longer term trade. So with weekly you will stay in the trade maybe a few weeks or longer depending how your trade goes. I like longer term trades. So i mainly look at dailys & if i really like something i go to weekly. 

[Blaiserboy]

I have used another system to trade intraday, had some good results.. but I am not pleased....... hence a serious look at Ichimoku for me...

Using the longer time frames requires a discipline and patience...... however, it seems lucrative to wait...

I think Sunman uses the longer time frames as well....

[Blaiserboy]

Here is a current daily chart. Looks like your entry is profitable.... Now that price is going above the Kumo......... perhaps is time for an entry.? What are your thoughts.?

[ozzy007]

Looks like a good spot to get in because you could use the top of the kumo as a support.

[Blaiserboy]

I am wondering if you would be interested in discussing say ten pairs in here on a regular basis....

I am sure that other would participate..

What are your thoughts on that.........?

[majorman4u2002]

Thanks for the analysis, you guys are wonderful, please, there is a serious problem and it has to do with server timer on my broker's platform. I am using Alpari to trade and on thier platform, USDJPY (daily chart) is still trading inside the Kumo while on another it is above the kumo.

I think this is a serious problem, the signals are contradicting. Please, kindly help me with the proper time that you think should appear on the timer, my country is on GMT+1 time zone same as alpari right now. Kindly post your own time zone alongside the proper time. I attached the two charts one for ALPARI and the other for FOREX-METAL.

Thanks, please reply.

[Blaiserboy]

there seems to be a substantial difference in the prices, which might indicate varying spread..

I would be inclined to go with the alpari price... I have found it to be close to what Oanda is quoting...

[majorman4u2002]

Thanks for the reply, i really appreciate. One thing about them is that one is 1hr faster than the other, i mean the market watch timer: Alpari is showing: 17:21  while Forex-metal is showing: 16:21.
 
the vaules of the ichimoku components differ. Don't you think dis can lead to fake signals atimes. I would like to know the time of the server where they all get the quote from. Thats wat am interested in. Thanks alot

[Blaiserboy]

I would think that you have to investigate the spreads....... and also their method of doing business..... some of them make their own markets and then trade against the customers..

[ozzy007]

Next resistance target will be 94.36. I'll try to keep posting updates.

[ozzy007]

Using the Chinkou Span i have drawn some R & S. So next up target is 94.17 & further break up to 95.57. A close under 92.78 will bring some downside pressure.