ichimoku


posted by chakku on Mon Apr 11, 2016 01:33 pm

#61
Lead @T4... Book 2/3rd ... TSL @114.50 for remaining.

posted by chakku on Tue May 10, 2016 10:36 am

#62

buy crude mini intra above 2935 cmp 2928 sl 2913 (5 min cb) tgts 2960-2990-3040

posted by chakku on Tue May 10, 2016 11:07 am

#63

did not trigger.

posted by chakku on Tue May 10, 2016 11:07 am

#64

did not trigger.

posted by chakku on Thu May 19, 2016 09:55 am

#65

15:30 -- BUY ALUMINI ABOVE 104.50, CMP 104.20 SL 103.30 HOURLY CLOSE TGTS 106-107.80-109-110.80

posted by chakku on Tue May 31, 2016 07:25 am

#66

ALUMINI NO HOURLY CANDLE HAS CLOSED BELOW 103.30, CMP 103.40 HOLD WITH SLM @102.95

posted by chakku on Tue Jun 07, 2016 03:12 pm

#67

ALU 103.50 EXIT (-1 POINT).

posted by chakku on Wed Jun 08, 2016 07:41 am

#68

bad decision to exit alu :(

posted by Jadhav on Mon Nov 28, 2016 04:39 am

#69

posted by Jadhav on Sat Dec 03, 2016 05:55 am

#70

posted by Jadhav on Mon Dec 05, 2016 02:55 am

#71

posted by chakku on Tue Dec 13, 2016 06:14 am

#72
http://invst.ly/2xj9b 

posted by Jadhav on Tue Dec 13, 2016 06:35 am

#73

chakku bhai , a request.......please put this chart in simple words also.........

posted by chakku on Tue Dec 13, 2016 09:32 am

#74

Pranam Jadhav bhai, kaise ho!!! 

The explanation is simple. As long as price and lagging line remains above cloud we have bullish bias (vice versa for bearish) and we try to go long on bounce from the cloud. It may be better to avoid the initial break since it may give false breakouts many times (but it is an individual preference). Many times, we see the price briefly breaching the cloud, but the lagging line bounces from the cloud. That also makes for good trading opportunities. And as always, we book part and keep trailing. 

Here is the update of the previous chart -- booking part and keeping on trailing is the thumb rule here -- http://invst.ly/2xkic 

posted by Jadhav on Tue Dec 13, 2016 10:28 am

#75

Pranam chakku bhai, I always feel happy with you people.......

Okay i got it , the rr part was good at this place with part booking with tsl ........and what about CS and TS.........the kumo also thin.........how to trade this kind of setup.

posted by chakku on Tue Dec 13, 2016 12:16 pm

#76

I guess you mean Tenkan Sen and Kijun Sen and not CS and TS. 

CS, aka Chikou span is the lagging line. 

I don't generally see TS and KS, but do keep an eye on the CS ie the lagging line (because many times price can breach cloud, but lagging line won't and the market may resume its previous trend -- in other words it is a life saver many times) 

Coming the entry, I generally look for a drop of price into the cloud and then signs of price taking support (candle formations) at Span B (RSI or stoch or NP masters' WCCI can also be of help in this situation as per personal preferences). Just reposting the same chart with investing.com default stoch settings ---   http://invst.ly/2xlw0 

About the cloud being thin, like TS and KS I don't give much weightage to it since it only means that the market is not strongly trending but is rather in a pullback/consolidation mode, probably pausing and rotating after a trend that is visible to the left of the chart.

Hence one can assume (not safely though) that the trend on the left side of the chart could/may continue after this pullback/consolidation (the thin cloud) period and try to take risk and go in the direction of the previous trend when price shows signs of taking support/ facing resistance with a stop loss below previous pivot extreme or the cloud low/high. 

I may be wrong, but this is how I use ichimoku and there may be far better ways. Also, I think this approach CANNOT boast of a high, say above 80 or 85 percent success rate. 

But then it does offer a relatively non-subjective and less emotional approach of trading. 

Apols for the long post. 

posted by Jadhav on Tue Dec 13, 2016 02:35 pm

#77

Okay...yes...it's KS.......wrongly posted as CS..........

when u posted first hrly nifty.......that time CS was into price (u said pa breached cloud and then again gave gap up above it , bt CS didn't .....this is the reading helped you to become bullish?)........

KS and TS crossover was/is  suggesting no long entry at this place....was what i assumed.........pa was above cloud  so was in bullish territory......though it was thin..... have minimal importance....

ssb and cs did the trick..........with rsi/woodies help..........is  what you told....correct me if need to........bt yes this is very very.....interesting.......i like your analysis .........

posted by chakku on Wed Dec 14, 2016 03:03 am

#78

when u posted first hrly nifty.......that time CS was into price (u said pa breached cloud and then again gave gap up above it , bt CS didn't .....this is the reading helped you to become bullish?)........

Yes. PA had also not breached the cloud (this time and prior two instances as well on closing basis) and all the time CS was above cloud. And this time price seemed to be taking support just above the cloud it with three hourly candles with more or less the same low. 

KS and TS crossover was/is  suggesting no long entry at this place....was what i assumed.........pa was above cloud  so was in bullish territory......though it was thin..... have minimal importance.... ssb and cs did the trick.........

.

Yes, not seeing KS and TS. May be they are more relevant on even higher TFs. You are right, PA (and CS) above cloud, so bullish territory. Yes SB and CS gave clues, many times we see CS or price taking support at SB. 

with rsi/woodies help..........is  what you told....correct me if need to........

Correct, though in this case I relied on candle formation alone. But yes, RSI, woodies or stoch can be of good help. 

 Attaching the first chart with some markings .. note that in the last three occasions including yesterday's, price did not pierce the cloud on closing basis and the CS was always above cloud. 

posted by Jadhav on Wed Dec 14, 2016 04:33 am

#79

Okay Candle pattern (formation)...@ SSB...with CS in positive territory with price too........

The first and second squire mark on abv chart.......pa nr SSB bt into Terbulant Zone......(no trade zone).......bt ssb, if sl (cb) is attractive rr........nice candle pattern trade entry ......u revealed nicely for me........how you do TF selection .......the criteria u follow .......

..NP rocks.....

posted by chakku on Wed Dec 14, 2016 08:59 am

#80

Yeah. Though as per conventional ichimoku strategy, the cloud is considered as a no-trade zone, I generally use such opportunities to look for entries. That is, when PA and SSB pullback into the cloud, it may not really be a no trade zone as per this approach, but rather a zone to look for entries with a lower risk, since we assume it to be a pullback or consolidation before the prior trend resumes. 

Regarding time frames, 30 minutes or anything above that is fine for this method. If you combine trishul with this, I am sure you will be able to find better entries. 

And yes, no doubt NP rocks! I have learned a lot here and continue to do so. Grateful to all members for selflessly sharing their methods and the patience they showed to teach newbies like me.      :) 



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