Ichimoku Kinko Hyo

Rkji

Well-Known Member
#5
hi all

i am starting this thread to keep a track of my trades which i should have done a very long time back as it could have definitely helped me become a better trader & make some high probability trades.

while some believe that ichimoku could be only traded on higher timeframes, but i believe it could prove significant on lower as well.

i thank linkon & cameltoejoe for being an inspiration to start this thread & would request them to provide their valuable input whenever time permits.

may i become a consistently profitable trader by using ichi on all markets & any timeframes.

i hope ichimoku players will participate to the fullest so that we all can master this beauty.

regards
rishi

 

Rkji

Well-Known Member
#7
YESTERDAY' S TRADE - EURCHF SHORT AWAITED



* as you can see in chart i had waited for a short below the break of support at 1.3502 which was provided by the chinkou span which is very good at determining S n R. many people even do not use chinkou span but this line is very crucial as it is a confirmation of price action.

 

Rkji

Well-Known Member
#8
EURCHF M5 TF EXECUTED SHORT AS BROKE SUPPORT OF 1.3052 (yesterday)




* look what has happened once strong chinkou span support was broken
* up 17 pips, not bad for a M5 tf
* don' t know when to exit exactly, i don' t like placing fixed TP & usual method is to place a SL below Kijun Sen but i am looking for an alternate EXIT
 
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Rkji

Well-Known Member
#9
EXIT OF EURCHF PLAY (yesterday)



* i had forgotten that when kijun span becomes flat and price has run up or down far from it, it attracts price towards it, so i should have been careful right after shorting that tenken sen & kijun sen should be flirting with each other closely

* net gain on this trade was merely 6 pips where as it had run around 20 pips

* up kumo formation on right, maybe i have noticed that late
 

Rkji

Well-Known Member
#10
EURCHF M5 PLAY (just fews secs ago)



* kijun sen provides good support to price
* avoid initiating buys when dmi + is below ADX line of 22 as it took a long time before trade ran in plus pips
 

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