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

[Wanderer]

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/////////////////////

 

You must have a very big monitor. (-:

 

Looking forward to seeing more about how you trade the ES with Ichimuko.

 

Thanks,

 

W.

[Ganymed]

I have it, Ichimoku indicator with 26 periods predicting cloud:

Ichimoku_mod:

https://www.sendspace.com/file/io9olk

Chartsnapshot: https://www.sendspace.com/file/y9un8k

 

NOTICE:

1. Before installing the Ichimoku_mod, you have first to copy the original Ninjatrader Ichimoku indicator and paste it in a separate folder .

2. Afterward,s delete the Original Ichimoku indicator in the NT-folder>bin>custom>indicator.

3. Import as usual the above mentioned zip file in NT. Restart NT.

 

I'm testing now the Ichimoku_mod with the iScalper and Renko Bars, see Chartsnapshot above.

:) big thank to "admin" for educating the iScalper.

 

Cheers

G

Edited November 14, 2014 by Ganymed

[Traderbeauty]

Thanks so much, will do that later today, please share with us your results and the difference between the default ichimoku that we all have and this new one.

Take care

Jane

[mastertrader7]

I have it, Ichimoku indicator with 26 periods predicting cloud:

Ichimoku_mod:

https://www.sendspace.com/file/io9olk

Chartsnapshot: https://www.sendspace.com/file/y9un8k

 

NOTICE:

1. Before installing the Ichimoku_mod, you have first to copy the original Ninjatrader Ichimoku indicator and paste it in a separate folder .

2. Afterward,s delete the Original Ichimoku indicator in the NT-folder>bin>custom>indicator.

3. Import as usual the above mentioned zip file in NT. Restart NT.

 

I'm testing now the Ichimoku_mod with the iScalper and Renko Bars, see Chartsnapshot above.

:) big thank to "admin" for educating the iScalper.

 

Cheers

G

 

 

What are the differences between the original and this one?

[Traderbeauty]

the original does not show the kumo- cloud 26 bars forward.

if that is the case then i am not sure what is the purpose of the cloud in the original.

[forexonly]

Thank you Ganymed, but I think this is the same as the original Ichimoku. The cloud is not predictive in nature ( or was not designed for that purpose, but by looking at the size for major support/resistance). It's just charted 26 period ahead of the price. So the cloud is showing you the close of the bar 26 periods ago, printed 26 period ahead of the the current bar.

Thanks

[Ganymed]

@forexonly,

 

no, its not the same, the important part is missing in the NT indicator>worthless.

 

Goggle for

 

Ichimoku Kinko Hyo Charting System

 

You wil find ton's of excellent information material.

 

For me personally I' can't trade my trading plan without Ichimoku Kinko Hyo and that's now over the last 5 years, for living !!!

 

My Mentor Hubert Senters introduced me in the secrets of Ichimoku trading.

or:

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

https://www.ichimokutrade.com/

 

Take your time and study serious the Ichimoku trading system, you will never regret it.

Cheers ,

G :)>-

Edited November 14, 2014 by Ganymed

[⭐ timein]

Ganyman

 

Nice research looks like a good resource Thank you, G

[Ganymed]

More information for you:

 

An excellent e-Book about Ichimoku Kinko Hyo Trading System:

https://[email protected]/file/ovbioq

 

Ichimoku Indicator Setup for Ninjatrader:

https://[email protected]/file/lvla8n

 

Ichimoku Cheatsheet

https://[email protected]/file/127ar9

 

Have a nice weekend

 

Cheers,

G :)

[Ganymed]

Perhaps some coders will help us with edu the

 

Ichimoku indicators & IchimokuScanner Combo FreeTrial :

 

https://www.sendspace.com/file/oqmzw9

 

Happy trading with Ichimolu (IKH)

 

G.

[learningfx]

Hi Ganymed

 

Thank for starting this thread.

Mind to give some advise/tips for those learning Ichimoku trading,

any common issue or mistakes that newbie will make.

 

Any indicator for MT4 platform using this method ?

 

Thank

[CashManic]

Hi Ganymed

 

Thank for starting this thread.

Mind to give some advise/tips for those learning Ichimoku trading,

any common issue or mistakes that newbie will make.

 

Any indicator for MT4 platform using this method ?

 

Thank

 

learningfx, if you wish to study Ichimoku, please check the threads in Forex E-book and Learning Materials at II forum.There are numerous books and guides available for you.In fact in this very thread you are in, there are many books which you can read and learn more about Ichimoku trading.It applies to all trading platforms NT7, Metatrader,etc.

You wish for an indicator for the MT4 platform? There already is a default basic Ichimoku indicator but if you want an updated one then go here and download,

http://www.mql5.com/en/code/7773 .

Always remember if you are looking for an MT4 indicator that is strictly non commercial, you can always go to Codebase @http://www.mql5.com/en/code and do a name search for it. More than likely you will find it.

Regards,

Edited November 15, 2014 by CashManic

[Indiart]

learningfx,

 

Here are a few mt4 Ichi custom indicators. I've tried all ex4 on 745 mt4 latest platform. Should work. Unfortunately I cannot send now the source files.

 

https://www.sendspace.com/file/uce3h4

[learningfx]

Hi Cashmania & Indiart

 

Thank to both of you for your comment/advise & link.

Preciously there are too many books and guides on this method alone

that can confuse and extend our understanding period.

 

That why like to seek advise from those that are doing well in this method

to give their recommendation to kick-start the learning & understanding process.

 

Thank

[traderforlife]

I've been using Ichimoku for several months and find it a very very useful tool. Its amazing how the price will bounce off that forward cloud. I trade TF 1 minute chart and have the ichimoku on a unirenko chart. Like anything else it needs to be watched over time. There are several rules, guidelines and how to's already referenced in links in this thread.

[Traderbeauty]

I've been using Ichimoku for several months and find it a very very useful tool. Its amazing how the price will bounce off that forward cloud. I trade TF 1 minute chart and have the ichimoku on a unirenko chart. Like anything else it needs to be watched over time. There are several rules, guidelines and how to's already referenced in links in this thread.

 

thanks for sharing- can you post an image please.

thanks in advance.

[traderforlife]

thanks for sharing- can you post an image please.

thanks in advance.

http://i1375.photobucket.com/albums/ag476/thaivaper/tfichi_zpscf9e2584.jpg

 

This is not a great example but it typifies what happens and is one of my best scalping setups--this is from last nights(yesterday) TF trading

 

Market breaks through to the downside and pulls back to the cloud and stalls --that would be the entry point for a scalp trade down. In real time the forward cloud is there just waiting. That's a 2 unirenko. Of course everything must be taken in context--As I was predicting a move to the overnight low this trade would have a been a good scalp--Again not a great example but very indicative of what happens on both up and downside moves. BTW this is ezIchimoku indicator. Its very uncanny also as you watch this and see how these clouds line up nicely with other established reference points-- (days open, half back, low of overnight, etc....) One rule of thumb--the thicker the cloud the harder it is to break through to the other side. I don't trade off of this but use a s a tool. I have several other charts up--OFA-Market profile--ref points etc...

 

Don't take my word on it--put it up on a chart and watch it for a few sessions...

[Traderbeauty]

Thank you all.

I only trade the ES so that is a little hard on the ichimoku which is being used more for larger moves and less chop.

In my trading method- the most important thing for me is to identify what is the current market direction; and although it sounds lame and simple question- you will be surprised how many times i have been looking for a short while the market was going up etc.

Finding the current trend direction will prevent you from making this type of mistake- ;

You can do that by plain analysis OR by using visual tools.

I used jsignal - only the thick big arrows but replaced it gladly with the ichimoku which adapts better and faster to trend changes- obviously i use the colored 50 moving average which works perfect for the es.

So between them both i get a reality check and i would not short the market is i am above the ma and the cloud unless its a fib extension etc.

jane

[Ahmed Hassan]

not available.

can u plz upload again

[Carbon]

yes, can anybody upload the links please?

[tomodej]

yes please re-up

[Ahmed Hassan]

please re-up

[peter pinto]

https://www.sendspace.com/file/wjqlad and trading pdf https://www.sendspace.com/file/205km2 enjoy

[Ahmed Hassan]

thank you peter

[peter pinto]

does anyone have this indicator from neoHarmonics pro neoMABias which has ichimuto cloud system in it

 

thanks in advance

Edited January 29, 2015 by peter pinto