Ichimoku Fx Strategy

September 15, 2009 by hyiperz

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Thank you all for your concern about ichimoku forex trading system, I’ll explain first what is ichi and which signal we shall follow and then will be updating the thread with real deals so we can share experience, success and failure so it will benefit for all of us .Enough talk lets fight, in the battle you better use a Japanese sword and not any one it is an ichimoku sword bladed in Okinawa.
The Ichimoku chart is composed of five (5) separate indicator lines. These lines work together to form the complete “Ichimoku picture”. A summary of how each line is calculated is outlined below:

-TENKAN SEN (HIGHEST HIGH + LOWEST LOW)/2 for the past 9 periods
-KIJUN SEN (HIGHEST HIGH + LOWEST LOW)/2 for the past 26 periods
-CHIKOU SPAN (CURRENT CLOSING PRICE time-shifted backwards (into the past) 26 periods
-SENKOU SPAN A (TENKAN SEN + KIJUN SEN)/2 time-shifted forwards (into the future) 26 periods
-SENKOU SPAN B (HIGHEST HIGH + LOWEST LOW)/2 for the past 52 periods time-shifted forwards (into the future) 26 periods

You may check PIC1 for more details

ichimoku forex trading system and fx strategy 1

-PIC2 is a strong buy signal
Rules
1-price above the cloud , we are going long
2-Tenken crosses kijun ( red crosses blue ) in the direction of the trend , in this case red will crosses from down
3-Chikou Span is above the price curve , as shown in the pic when the cross happened the black line was above the candle

ichimoku forex trading system 2

-PIC3 is a strong sell signal
rules
1-price is below the cloud
2-tenken crosses Kijun in the direction of the trend
3-Chinkou Span is below the price curve .

The wonderful thing is that Ichi doesn’t only offer a signal actually it is a full system which will allow you to manage your stops and to follow the trend and to have as most pips as you can from the wave , how is this ??!!

ichimoku fx trading system 3

-PIC4 is a great example on 4Hr chart last up move for the eur jpy
1-Signal is strong as per our rules
We will go long with the signal our stop at the beginning will be below the cloud as the red line I drew
Once our deal is unfolding we will move our stop with the kijun line, as the pic our deal made around 300 pip and we didn’t do anything just waited for the signal entered the deal and left the rest for ichi to manage
Ichi provided us with the stop place and also managed our deal during the price move and booked our profit, it is wonderful

ichimoku fx trading strategy 4

So it is very easy and very clear and very strong, but why we lose!!!!!!!!!!!
I think we lose because of 2 major reasons

1-watching only our 5 min chart and ignore the higher TFs and this will isolate us from the real market and the main trend so we will deal against the market for at least 40% of our deals and we will lose them

2- Reading several reports from several site, I pref that we ignore any reports from any site and just concentrate in our system and avoid the news times

these are the basic rules I follow now, I am afraid that I’ll have to ignore any other indicators now and concentrate in Ichi for the next couple of month, so please don’t post any other kind of indicators and lets enjoy ichimoku forex trading system

I hope that this post will give you an idea of how ichi works, my next post will be about the way I deal and how I think about the market , after that we will go to the battle together from the real chart and the real action
Wishing you all the luck

Download Ichimoku forex trading system

Creator of Ichimoku Fx System : Vic Elc

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