3 replies to this topic

[Tokyo]

this is S&P500(cash) Ichimoku chart in 5 minutes time frame from 22nd January till today
In order to make it simple, I deleted Kijun, Tenkan and Chiko lines so that you can clearly see how the price moved during that period.


Senkou Span A = Leading Span A = (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 periods ahead

Senkou Span B = Leading Span B = (Highest High + Lowest Low) / 2, for the past 52 periods, plotted 26 periods ahead

when Senkou Span A is ABOVE Span B, I coloured the cloud in Bluewhen Senkou Span A is BELOW Span B, I coloured the cloud in Red

I buy S&P when the cloud turns BLUE and sell when it turns RED.
as you can see, the price goes lower even it has the blue (buy) cloud. In that case, I will stop out as soon as the price penetrates below the cloud bottom. While the cloud stays in Blue, I will not go short (well.. depends ....). As soon as it goes red, I start selling.

I have to admit that I have learned how to use Ichimoku by several Japanese websites. I have not read any proper Ichimoku technical books so that my knowledge is absolutely minimum.





hmmm... this chart is too small
I am sorry but I tried so many other ways to make it bigger but I failed

will sort it out again over weekend

[mbradley]

Is this another language?

[Tokyo]

[quote name='mbradley' post='269769' date='Feb 2 2007, 02:02 PM']
Is this another language?
[/quote]


no, I chose English for my MT4 chart system

how about this? can you make it bigger? Still very bad quality




[quote name='Tokyo' date='Feb 2 2007, 02:04 PM' post='269772']
[quote name='mbradley' post='269769' date='Feb 2 2007, 02:02 PM']
Is this another language?
[/quote]


no, I chose English for my MT4 chart system

how about this? can you make it bigger? Still not good quality

[Tokyo]

now this is the daily S&P500 (cash) chart from late 2003 till summer in 2005.





(I changed the cloud colour so that you can see the price movement much clear)
UP (buy) cloud is in light blue
DOWN (sell) cloud is in pink

as you can see, price moved up while the cloud was pink
price moved down while the cloud was blue.
this sort of price movement happens quite often and they call this ''the reverse transaction''

I added two lines, one in yellow, the other in red.
the yellow line is Tenkan line
the red line is Kijun line
these lines help a lot when to trade.

The best way to use those two lines together with the cloud is that once Tenkan (yellow) line penetrates above Kijun (red) line AND the cloud is UP (light blue) one [happened on Nov 2004], you go long.

anyway I have to go out tonight. if there are anything, I will update over weekend