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Author Topic: Strength of Ichimoku Signals  (Read 2159 times)
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travistan
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« on: March 15, 2011, 10:40:01 AM »

Hi,

I just learnt about Ichimoku recently over the weekend on 12 Mar, and I love it.
I have integrated its usage into my stocks technical analysis.

Question #1
I have 5 signals listed below. What is your take on their respective strength & reliability in picking out a bull/bear trend?

I understand that for Ichimoku analysis to be effective, the analysis should be considered holistically, and not singly.
For the purpose of discussion, I'm considering their strength/reliability individually.

1. Tenken Sen/Kijun Sen Cross
2. Kijun Sen/Price Cross
3. Senkou Span/Price Cross
4. Kumo Breakout
5. Kumo Twist

You may rank them in terms of:
(a) Strongest to weakest;
(b) Realibility in %; and
(c) In any way you deem fit.

Question #2
From my fervent surfing and intensive studying, I notice most forum users use Ichimoku for FOREX.

My stock charts are only available in Daily/Weekly/Monthly timeframes.
Whereas, FOREX is so dynamic that its available from 1m to Monthly timeframes.

Point is - FOREX generates a lot more signals/crosses/opportunities, whereas my stock charts doesn't.
To wait for all 5 signals to provide decent bullish signals might take months, if not a very long time!!!

Question - What other combinations of Ichimoku signals (when used together) have provided you with the most reliable/accurate "green light" to trade?
E.g. Combination of 1. TS/KS cross + 2. KS/Price cross + 5. Kumo Twist
OR Combination of 2. KS/Price cross + 4. Kumo Breakout + ADX + Stochastics

What combination worked for you best?
And is there an explanation for such a combination?
Or was it a strategy refined over time?

It will be great if you can elaborate more.
I try not to follow blindly as much as I can, but to approach Ichimoku with understanding.

Thank you for answering my questions. Really appreciate all your sharing and feedback in advance! Smiley

Cheers,
Travis
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swingfiddle
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« Reply #1 on: March 24, 2011, 12:05:12 PM »

Hi i am new to ichi also!i dont trade seperately the signals.i wait for them to align.its a difficult job!everyday at NY open i analyze every stock and keep notes in excel...
for example if a have a neutral signal daily but  bullish in  weekly,then i wait for the daily ichi to give me a green light to go:)

i check for S/R at weekly and even monthly!!i dont want to buy just a few points bellow a monthly strong resistance,even if a get a daily bullish signal...
also go there and check the webinar,it is very good
http://www.ichimokutrade.com/index.php

my opinion on signals (from my small monthly experience with ichi)

1. Tenken Sen/Kijun Sen Cross --very good when it happens after a consolidation and above-bellow  the cloud
2. Kijun Sen/Price Cross---->good when it is over the cloud for bull,and the opposite
3. Senkou Span/Price Cross-->isnt this the same with kuno brake out? ???do you mean chinku cross?
4. Kumo Breakout--->very good..the first sign....i wait for ts-ks cross now..
5. Kumo Twist--->look at it only for the future kumo
hope it helped:)
happy trading
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sunman4008
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« Reply #2 on: April 14, 2011, 07:53:00 AM »

Hello,

Good comments.

-Manesh
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