FX:USDCAD   U.S. Dollar/Canadian Dollar
999 56 35
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Comment: You guys are getting very good
Wow .. I'm amazed
But still I think there is a better way
H & S ?
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ichimoku strategy!!!
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wait for price to reach the upper limit of the cloud?
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Ichimoku_Trader DavidMarcy_TradeHuntFx
what if it reversed today?
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wait for a KS crossover and enter if the price broke below the KS and TS lines?
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Ichimoku_Trader DavidMarcy_TradeHuntFx
You got it right but not exactly. 50% right
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so we can wait for CS to break KS and then enter on a price break below the KS and TS lines?
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Ichimoku_Trader DavidMarcy_TradeHuntFx
Now you are getting further away
You were closer before

I'll give you a hint: check the attached chart
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i still need to find time to go through your whole strategy! ichimoku is a very nice indicator
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Ichimoku_Trader DavidMarcy_TradeHuntFx
Ichimoku "The PanOptic Trading Method" / Trading Trendlines...
+2 Reply
I see now. Very informative. One quick question...does it matter if the TS is on flat (as in USDCAD) or on an angle (as in USDJPY chart shown here)
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Ichimoku_Trader DavidMarcy_TradeHuntFx
Well, for me to use this method, i require that the TS turns counter trend. Only if it does that do I apply this method.
Once it turns counter trend, it will adjust itself for time sometimes and go flat. That is perfectly fine, it is just part of how it works. So once it goes counter trend, I would take the signal whether it is flat or angled unless I start seeing huge counter trend candles, then i would consider something else.

Thanks
+3 Reply
Critical level @ 1.3220
Sell on Signal
CS setup, reverse if CS break KS ?
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what is your signal?
+1 Reply
FBO Ichimoku_Trader
break of yesterday s low ? am i correct on the reverse position if CS breaks KS ?
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A break of the low would be a very nice signal .. early, but dangerous to take. Again, great job

As for the CS over KS setup, it works exactly as the CS over SSB setup except that you should not expect price to move as far as it would with the SSB setup. Otherwise, you trade it exactly the same way.

Amazing job but I still think there is a better and safer strategy
+1 Reply
The CS over KS is actually a very good strategy that I have not yet talked about.
Amazing that you referred to it. Thank you
+1 Reply
I think the answer is on H4 chart witch shows an up trend. But probably the best way is to wait the price to go back near KS ( 1.3 – round number) and then will go long!
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I was looking for the answer in the attached slide ;)
+1 Reply
SherbG Ichimoku_Trader
In USD/CAD, D1 chart the price is in the cloud and both KS and TS are flat so “the most suitable strategy” is probably to wait :)
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You could also do that.

BUT, the signal i'm looking for will have you out of the kumo!!! As for the TS & KS being flat, well they have to be flat because price is retracing (DOWN), I mean in the direction we want to go
+1 Reply
If oil recovers prices should drop, if oil drops usd/cad should continue rising. Look to that top level either way 1.3157 is what I'm thinking.
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Nice thought but I hate correlation trading, it just confuses me and makes me indecisive

Does it work for you?
+1 Reply
Renegade7 Ichimoku_Trader
The day news comes out yes, there's a five minute plan for that, but the day after is another story. And yes it does serve to confuse. Hope this site can provide an anchor for me. Keep up the good work!
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thanks

+1 Reply
well for me its inside the cloud signaling a neutral bias. The Chicu is above price from 26 days ago which is good. Personally I would wait for a kumo cloud twist before pulling the trigger for a long It would have to take out the May 5 fractal level before I would short. Having said that with the FED hinting hawkish I would look for more downside. I would look at other charts for a better setup
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Ichimoku_Trader paulyberndt
Thanks

Yes, if you trade traditional ichimoku, your conclusions and actions are perfectly understandable and in line with the method

Good luck
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paulyberndt PRO Ichimoku_Trader
thanks good luck to you also my projections for the DX on the weekly andrews pitchfork point more downside see how much lift this rate increase plays out
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Ichimoku_Trader paulyberndt
Thanks

I was just on your page and i saw that you trade chaos and ichi. Great combo.
Do you trade wisemen or the original.

Thanks for your contributions
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Ichimoku_Trader paulyberndt
Also, why did you stop?
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paulyberndt PRO Ichimoku_Trader
i trade the traditional Bill Williams profunity trade setup as my primary It is easy and clearly identifies where to add capital to a winning trade I use ichi also but more for levels
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Ichimoku_Trader paulyberndt
great

I hope to see you publish again soon

Good luck
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Ichimoku_Trader paulyberndt
Also, do take sometime to study my method. i think you will also benefit from it or at least i will benefit from your feedback

Good luck
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Informative.
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Thank you
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mgiest Ichimoku_Trader
I will take a stab here and say short trade when price crosses back over TS with a price action signal like engulfing candle or pin bar?
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Thank you very much
That is exactly right
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mgiest Ichimoku_Trader
Nice good to hear. I will keep studying this stuff and try to contribute more as I understand it better. Thanks again!
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That will be great

Thanks
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fatkumo Ichimoku_Trader
I understand why you would short it if the price action falls below TS, but what I have a disagreement about is the KS line is showing bullish after it pointed upward, no?
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My thoughts are to sell on a bearish reversal candle, perhaps spinning top or whatever with a stop at or around 1.32 levels from early April if the pivot high is not violated, move stop loss to that level (1.314) on entry. Take profits/reassess at 1.28
+1 Reply
Ichimoku_Trader ShirokiHeishi
Nice plan
The idea here was to drill the TS breakout trade (used as a trend line)
Your idea is also perfectly fine

Thanks
+1 Reply
4 method 1, when TS crosses KS 2, candle patterns 3, CS crosses TS 4, trend line ...
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I have no idea what that is????
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KassimLa Ichimoku_Trader
i dont understand?
may be the terms i use was not correct
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no problem
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It's great thank you

keep going plz.........
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ok let me take a crack at it, in this chart price has broken dinamic and static KS (althouh i know how to look at static KS in the 1H sometimes the higher times frames confuseeme on that part), so the trend up has been stablish, at this point, price seen to be trading around TS as an APL, so i think a strategy for this would be waiting for a retrace to see if 1. we get a better price and 2. if the TS trend lines holds, if that the case then we can enter for the long, what do you think?

if we never get the retrace then trading once the previous day high has been broken with stop at that candle low
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1. I agree with looking for a long
2. As for taking the daily breakout, I disagree with that since you are already bullish. So for me, the best thing would be to look for a retrace entry or a breakout in the other direction

Other than that .. perfect
+1 Reply
tmugleston PRO tmugleston
Is this a similar situation? Price crosses TS with a strong candle formation, so you take a long?
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well I would take it but you shouldn't because KS is down
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I would wait, until KS gives me the exact direction
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thanks
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Wait on the retest of the cloud and break of the TS and go short since there is no kumo twist yet market is still Bear . Ideally the KS will flip down
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thanks
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