REQ EDU: ICHIM0KU Signal Indic@tors and ICHIM0KU Singal Sc@nner

[Ganymed]

Hello all,

 

Here is the new Ichim0ku Signal Scanner with the unique Ichim0ku indicators and 26 days prediction cloud.

 

It would be great if someone will educate this very interesting trading system.

 

Ichim0ku indicators & Ichim0kuSc@nner Promotion Website:

 

http://omeg@[email protected]/promotions_ntweb20141106/ntws.php

 

Omeg@ Sigm@ Indicators - NinjaTrader Partner Presentations - 11/6/2014

 

https://www.youtube.com/watch?v=F-tkLPBDIww&feature=em-uploademail

 

Ichim0ku indic@tors & Ichim0kuSc@nner Combo FreeTrial :

https://[email protected]/file/oqmzw9

 

@=a ;0=o

 

Cheers

:)

[Traderbeauty]

i never tried to use this type of bars- ( cant even spell it lol )

can anyone post any results working with ichimoku in the past ?

Thanks in advance.

[Ganymed]

@Traderbeauty ICHIMOKU is not a Bar Typ; it's a wellknown traditional trading system from Japan, high % winning rates if following the rules. you can trade it also with (Jayrenko etc.)

Cheers G

[CashManic]

i never tried to use this type of bars- ( cant even spell it lol )

can anyone post any results working with ichimoku in the past ?

Thanks in advance.

 

Jane,

The Ichimoku Kinko Hyo defines the equilibrium (balance) of the underlying instrument. It's either IN balance or OUT of balance.Either one is recognised and the trader will know how to trade it.It was developed in the late 1930s by Goichi Hosoda, a Japanese journalist who used to be known as Ichimoku Sanjin He spent thirty years perfecting the technique before releasing his findings to the general public in the late 1960s.

When it was initially released in Japan, most Japanese banking analysts and traders jumped on it like flies to honey.And it's techniques then began to spread globally.If you want to learn more about Ichimoku ,heres a good site to start with,

http://www.investopedia.com/articles/forex/06/ichimoku.asp

 

and here's a very lucid book on Ichimoku that defines it's scope with modern examples in trading futures and forex.

 

Trading_with_Ichimoku_Clouds.pdf

https://www.sendspace.com/file/hx6wmw

 

Also perhaps our samurai traders,Taka-san and Lisa Akira can shed more light on Ichimoku trading. Hehe;)

 

Cheers,:)

Cash.

Edited November 8, 2014 by CashManic

[forexonly]

Ichimoku is not just an indicator, it's a complete system with complex rules that work very well in somewhat trending markets and longer ( 4H-D) time frame. Not much is written about Ichimoku and it's very popular in the East. I look at it ( daily charts) everyday.

[Indiart]

Here are a couple of quick guides into Ichimoku methodology, a good one in Japanese. Seasoned traders like that technology, but sometimes it's not easy, particular in choppy market.

 

 

https://www.sendspace.com/file/1v3yhw

 

https://www.sendspace.com/file/0f4bpt

[Traderbeauty]

Thanks you all so much for your help and information.

It amazes me again and again to see how much knowledge and experience is accumulated here between our forum members-You guys are amazing.

Take care.

Jane

one question- are there any indicators or setups for ninja ?( other than the ones mentioned above) ( i remember having one in tradestation which i am not using anymore), can you trade the ES intraday using Ichimoku ?

[⭐ laser1000it]

Further resource https://www.sendspace.com/file/n1ygum (remove +++)

[wcicom]

Hi Jane,

 

I never traded intra-day on short term charts with Ichimoku, but remember looking in to it in detail a while ago. It is the kind of indicator that, if all rules are followed, will always have a late entry, it is build with an idea of good confirmation in mind before entering the trade. IMHO it is best suited for longer trending time frames, but maybe someone had success with it on short time frame and wouldn't mind sharing results.

[⭐ santoshv2k]

A good youtube channel for ichimoku trading strategies https://www.youtube.com/user/ChaosTrader63/videos

 

Ichimoku Basic -

[Traderbeauty]

I started to read the book, i also inserted the ichimoku indicator which we all have on ninja.

Basically- there are 5 moving averages.

First and second one are 9 and 26 long- meaning slow and fast one.

Third is same as the price but applied 26 bars BEHIND the current price, 4th and 5th are again- 2 moving averages that are being calculated in a certain way but applied 26 bars forward.

The entire system is very interesting, I have always opposed any indicator that is based on history- but this is very interesting,.

i am testing it- while reading the book against my normal signals to see if that system can help me filter mine better-

i actually checked friday because it was a very touch day- no continuity - it was chopping back and forth and if you took a late entry you would fail again and again.

if i have time i will post my findings tomorrow- but its not as complicated as it looks- the rules are very simple and strict- so far i am intrigued lol.

[⭐ JDizzle22]

I started to read the book, i also inserted the ichimoku indicator which we all have on ninja.

Basically- there are 5 moving averages.

First and second one are 9 and 26 long- meaning slow and fast one.

Third is same as the price but applied 26 bars BEHIND the current price, 4th and 5th are again- 2 moving averages that are being calculated in a certain way but applied 26 bars forward.

The entire system is very interesting, I have always opposed any indicator that is based on history- but this is very interesting,.

i am testing it- while reading the book against my normal signals to see if that system can help me filter mine better-

i actually checked friday because it was a very touch day- no continuity - it was chopping back and forth and if you took a late entry you would fail again and again.

if i have time i will post my findings tomorrow- but its not as complicated as it looks- the rules are very simple and strict- so far i am intrigued lol.

 

So people don't think SMA or EMA, see the definitions here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:ichimoku_cloud

 

Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2))

The default setting is 9 periods and can be adjusted. On a daily

chart, this line is the mid point of the 9 day high-low range,

which is almost two weeks.

 

Kijun-sen (Base Line): (26-period high + 26-period low)/2))

The default setting is 26 periods and can be adjusted. On a daily

chart, this line is the mid point of the 26 day high-low range,

which is almost one month).

 

Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2))

This is the midpoint between the Conversion Line and the Base Line.

The Leading Span A forms one of the two Cloud boundaries. It is

referred to as "Leading" because it is plotted 26 periods in the future

and forms the faster Cloud boundary.

 

Senkou Span B (Leading Span B): (52-period high + 52-period low)/2))

On the daily chart, this line is the mid point of the 52 day high-low range,

which is a little less than 3 months. The default calculation setting is

52 periods, but can be adjusted. This value is plotted 26 periods in the future

and forms the slower Cloud boundary.

 

Chikou Span (Lagging Span): Close plotted 26 days in the past

The default setting is 26 periods, but can be adjusted.

[forexonly]

JDizzle22, thanks for the post, and yes they are NOT moving averages. Just see them as support/resistance on longer time frames that works more than averages.

Ichimoku can be used with a simple cross and testing of support/resistance with okay results. And that's what Choas63 does with his method/course. But there are also three key principles; Wave, Price Targets, and Timespan. Those require much studying and practice. The original publisher of the method spent 15+ years before publishing anything about the method.

We like to think that there is a simple short cut out there ( like the Keep it Simple ****** that has been out there for ever), but this is NOT one of these.

One last note, this system is tested ( over many years) with time based daily charts and that's what I used it on.

[Traderbeauty]

i dont discount any credit for the publisher- but still- we have 5 indicators that are based on history- i called them moving averages to make it simple- they are not calculated as simple as a regular ma but they are still under the same category.

The important fact is that they are based on history- 9 or 26 or 52 bars.

in my experience- any indicator that is based on history is lagging but... thats why this forum is so wonderful- i might be right other than this time lol.

that is why i am reading the book and looking at friday trading on a renko spectrum 2-1 to find out if the ichimoku method can help me.

i learn from everybody and i try everything within reason.

trading is a never ending research, you cannot rest and be satisfied with your results- always strive to be better and more knowledgeable .

going to continue reading and testing and will post my results.

thanks again for starting this very interesting thread.

jane

[Traderbeauty]

A good youtube channel for ichimoku trading strategies https://www.youtube.com/user/ChaosTrader63/videos

 

Ichimoku Basic -

 

This video and the short book shared by cash are the best to get a lot of knowledge in a short time.

I am still testing and checking the system and trying to combine it to mine and it looks very very very good.

I need to explain something which is the hardest part of trading- most likely you all know it but as simple as it sounds i believe its the key or at least one of the keys to be successful in trading.

Please pay attention to what i am saying- try to learn from it and apply it to whatever method you are using:::::::::::::::::::::::::::::::::::::

 

Many times during the day- i am talking about day trading - no long term here----I find myself UNKNOWINGLY going against the market without paying attention.

Let me be more precise- lets say that we have an up going market and we see higher highs and higher lows etc- and now we have a retracement so i plan to go long- i use fib and keltner this way i dont enter too early or at the wrong level, this way i skip many fake long entries.

But then--------here it comes-----that retracement instead of a straight line it appears as a small lower lows and lower highs- so at that moment i am puzzled - not sure- less decisive- should i go short or should i long even though the smaller time frame pattern is showing us short ?

In cases like that i either sit on the sideline and do nothing till the picture clears or.................. i look for some help from my friends.

now who are these friends- you need something to smooth the move and to tell you that even though we have a down pattern - the bigger picture is still up and we should just sit and wait for a confirmed long. you can use yamataka's colored ma , or jsignal that is delayed but does not change the market direction too fast. or... you can use the ichimoku indicator-.

From what i see so far- the ichimoku is very good, why ? i dont know and i dont care- if it does the job then i use it.

So bottom line- i am going to continue using my normal method - but going to use the ichimoku to determine what direction is the current move- ( i intentionally didnt say trend).That alone can be a huge help in many cases .

You need to understand one thing-----

Its a piece of cake to trade on a day when the market just goes up 30 -40 points or another day when it goes down 30-40 points- all you do is you enter at any retracement and you will make money no matter what.

The problems are when the move reverses and you are still trying to get in the same original direction and you lose and lose and lose till you look back and you just notice - hey - the market reversed up and i am still trying to short. i am not sure if that makes sense to lots of you but trust me experience- it happens all the time specifically on a choppy day. so that is when you need your friends to blink and yell at you and say- do not enter or at least stay out.

I am going to use the ichimoku live tomorrow and will post some feedback after the close.

Wanted to thank CASH again SO MUCH for this wonderful share- i would have never thought to use it otherwise. and to all the others that contribute their sources.

Take care and have the best trading week.

Traderbeauty-Jane

 

p.s - one question though-i see some examples that the cloud is being forecasted 26 bars forward- in my ninja it does not- it ends where the price is now- is that correct or do i have to change anything ?

 

http://i.imgur.com/ei02fnC.jpg

[Ganymed]

@Jane, I have the same indicator as you use in your chart. This indicator doesn't plot the Senkou Span A and Senkou Span B with the 26 periods cloud in the future. I subscribed also the YouTube Channel from ChaosTrader63. I bougth also the Ichimoku course from Hubert Senters. The Ichikomu Trading System is a part of my trading tool arsenal over the last 2 years. it gives me a certain security in finding a decision to take a trade or not.

The unique difference from all "FREE" Ichimoku Indicators I found in different forums is, that this one I aked for educating, the plots of the Senkou Span A and Senkou Span B with the 26 periods cloud in the future and the Ichimoku Trade Scanner.http://www.screencast.com/users/Ganmyed/folders/Default/media/d02c06cd-d28b-44ea-bb56-bb5c48e1e70e

[Traderbeauty]

Ganymed-

thanks for the explanation- so does that mean that the ichimoku indicator we all have in ninja is useless or only parts of that indicator are functioning ?

[Traderbeauty]

market is hardly moving -

found few ichimoku indicators- can someone try and give some feedback please- maybe this is what you are looking for ?

https://www.sendspace.com/file/b8v0bc

https://www.sendspace.com/file/6ufpd2

https://www.sendspace.com/file/kv7d9k

https://www.sendspace.com/file/eo23a7

 

enjoy

jane

Edited November 10, 2014 by Traderbeauty

[Ganymed]

@ Jane,

I have the 3 indies you hav in your post already. the best one is the AaIchimokuNT7 the vertical colored lines are intersting, but in the combo trial package post#1 is the indcator with the 26 day scan prediction cloud !!! and the MarketAnalyzer Scanner for entry signals and that is the difference.

Thanks again for your help

Ganyme

[mastertrader7]

market is hardly moving -

found few ichimoku indicators- can someone try and give some feedback please- maybe this is what you are looking for ?

https://www.sendspace.com/file/b8v0bc

https://www.sendspace.com/file/6ufpd2

https://www.sendspace.com/file/kv7d9k

https://www.sendspace.com/file/eo23a7

 

enjoy

jane

 

I guess all are educated?

[Traderbeauty]

yes they are

[poly]

Is it possible to share a course from Hubert Senters thanks

[Traderbeauty]

Judgement Time.

I have been watching the ichimoku system live - for few days- and i believe now that is very very good.

So first I want to thank Ganymed for starting this wonderful thread, cashmanic, indicart, laser, santosh and JD for sharing such valuable infor with all of us.

The ichimoku looks threatening and confusing when you first look at it but once you read and understand what each component function is- you understand that it is very smart and actually a genius work.

I would stay away from the big thick book - very bad , boring and black and white tradestation pictures- horrible, i would suggest to read the short wiki one and the other short forext whatever even though his language is not perfect.They are both short and to the point- no need for anything else.

 

The ichimoku method generates 5 types of signals ( read the books- only 37 pages for the wiki) some are good and some are bad but very easily filtered.

 

I decided to adopt it on my renko 1-1 and 2-1 chart. It gives you a very good visual perspective of whats going on and also prevents you from getting stuck in the woods... for example- shorting above the kumo- cloud etc.

 

The only advice i can give you- it might sound lame or simple - but you have no idea how important it is.

 

I'll begin with a statement- EVERY INDICATOR WORKS - even a simple moving average.

 

The problem is- AT WHICH TIMEFRAME ?

Let me elaborate- lets assume that we have a dream day of huge and long moves and since we started trading only today we only got to the simple moving average so we buy and sell when the market goes above/ below it.

Lets face it- we would make a fortune that day.But then next day the moves are only 2 points size and by the time we enter its already too late and we keep getting killed till we go out of business- sounds familiar.

At the end of the day we look back and we say- oh- the system was great but the time frame was wrong- so we optimize and try again next day and again and again- let me tell you- YOU WILL LOSE.

The reason why is very simple- the market changes its time frames because it moves in waves within waves within waves and its very touch to see them all and update and change the time frame. some people adjust their inputs by the atr- or volatility- but again- if the market is choppy you will lose.

 

Bottom line-

 

Use the ichimoku but visually watch the legs and volume. if the volume is less that 4000 lots per minue on a 1 minute chart- you wont get big and long moves which means you can watch the ichimoku on a renko 2-1, if the volume is less than 2000 per minute - you can easily trade on the renko 1-1- but if its high with big legs then use the renko 4-1 for trading.

THROW AWAY ALL YOUR INDICATORS and focus on the way the legs look.

 

I am doing something else here- i am sharing here MY ENTIRE SETUP so you can see the components- no need for anything else.

There are 2 screen so if the image doesnt get there here is the link for the entire setup.

Take care and hope that helps

Traderbeauty Jane

 

/////////////////////http://i.imgur.com/p89Eejn.png/////////////////////

 

http://i.imgur.com/p89Eejn.png

[Trading1903]

Thank you for sharing your set up ! Do you mind posting the fin@l M@rket indi ? Or perhaps all of them for people who don't have them. I will set it up tomorrow on one of my screens and begin to elaborate.

Thanks for staring this!

[Traderbeauty]

Thank you for sharing your set up ! Do you mind posting the fin@l M@rket indi ? Or perhaps all of them for people who don't have them. I will set it up tomorrow on one of my screens and begin to elaborate.

Thanks for staring this!

 

just search the forum- its already there somewhere.