aliassmith wrote:Don_xyZ wrote:kiwiarian wrote:I read Legionaire's intro to his thread and looks like he tried to create some of the institutional methods using Ichimoku as Alias said.
If you have a lot of info a new thread might be easier to keep it together for sure.
Not needed as my wife said she loves for my personality and good looks..
Where's the thread? Maybe he already put everything.
Lems big box o stuff
post120901#p120901
Oh, thank you! Yes, I skim-read through the first 10 pages. Very good thread from Lem.
aliassmith wrote:kiwiarian wrote:Don_xyZ wrote:You don't need no pdf. This is kreslik
Maybe you need help to see it more clearly.
Million $$$ indicators.png
Million $$$ indicators 2.png
Million $$$ indicators 3.png
Thousands of people are making money using this exact trading strategy (Ichimoku cloud and fractal).
It is a well-known strategy taught by super gurus.
This combo is a millionaire maker.
Ok, the first 2 are not true lolz but the final part is true if you use it properly. You can indeed make a full-time income (and a million dollars more) with this. Or maybe I should make a dedicated thread just for this strategy?
ichi1.png
Well with only looking at the chart and no background knowledge, going off the blue area I would buy the bottom fractals.
Not sure about TP targets as still working that part out in general.
Once price goes into the blue area, probably need to be more cautious as a direction change could be in the air.
In hindsight you can trade right from the fractal. In reality it takes 3 to 5 candles to have the fractal print so you wil already be behind. Unless you find a creative way to get a better price.
There is more than plenty of creativity in Kreslik
kiwiarian wrote:Don_xyZ wrote:kiwiarian wrote:I read Legionaire's intro to his thread and looks like he tried to create some of the institutional methods using Ichimoku as Alias said.
If you have a lot of info a new thread might be easier to keep it together for sure.
Not needed as my wife said she loves for my personality and good looks..
Where's the thread? Maybe he already put everything.
What's the name of the colour version of Ichimoko as my MT4 version looks quite basic throwing it on the chart?
It's the default but I changed the coloring that's all. I increased the thickness of the line to the 2nd degree and avoid colors that are similar to the candles.
Ok, now that I know Lem's way, I'm gonna share mine. For this, I'm gonna strictly follow Alias' method of only giving the general idea and let the readers work around the actual trigger and other stuff (unless I specify them).
So then, the Ichimoku is the in the group of rich among the indicators. The reason being, it consisted of multiple elements that can be used in combination or partially or in a mix and match fashion.
Let's go with the slow part of the indicator, the cloud, as this is the most interesting part of the indicator. This thing can be used in several ways:
1. as a bias from the bigger tf
2. as a barrier (think dynamic S/R like moving average but in this case it's a multiple MAs)
3. as a discount area
Yes, there are actually more, but let's just focus on these 3.
1. as a bias from the bigger tf
the idea is very simple, use any method to buy as long as the price is still pointing up. Think convergence. Only buy when price is above the bias and the bias is pointing up. Remember that the cloud is a visual that is projected xx candles ahead so we are testing the current price to the weight of the past price behavior even more than a regular SMA.
- 1. as a bias from the bigger tf.png (26.81 KiB) Viewed 1619 times
2. as a barrier (think dynamic S/R like moving average but in this case it's a multiple MAs)
It's still ok to take a buy trade when price is inside the zone (not close beyond the lowest frontier of the barrier). Some people just wait for the price to get in the zone and trade out of it essentially turning it into a breakout-type trade as long as the cloud is still strong to the bullish side. Vice versa for the bear team.
- 2. as a barrier.png (29.87 KiB) Viewed 1619 times
3. as a discount area
Still ok to take a buy trade even when price breached the lowest frontier to enter at the ultimate better price.
- 3. as a discount area.png (37.24 KiB) Viewed 1619 times
Ok, Kreslik people are smart so I'm just gonna put some extra chart for y'all to get your trading brain working with the potentials.
- FrIchi combo.png (34.23 KiB) Viewed 1619 times
- FrIchi combo 2.png (38.41 KiB) Viewed 1619 times
- FrIchi anchor trade. Why not..png (56.46 KiB) Viewed 1619 times
@Alias, there are more than enough creative solutions on the last 3 charts provided the user has enough resources in his WIL