Yes you can
oh thank but in 1day i wait Kijun-sen really
I have been asked about the resistance in H4, how do you explain that there is a resolution for E / U.
it Tenkan-sen what ? i don t seee in chart pattern
thank you
System sounds nice. Just going to have a trial. Will be back with doubts and questions. !!!
ill give new traders free one to one coaching on ichimoku. contact me on <[email protected]> or willis125 on skype
plus some free ichimoku indicators for you .
Thought I’d post my results of backtesting inspired by the Art of Automation’s results. I used the same parameters as he did but extended the period back further. Overall I got the following results using risk option #2:
EUR/USD - modelled from Oct 2010 to Jun 2012 - average of 174.5 pips/month
USD/CHF - modelled from Oct 2010 to Jun 2012 - average of 71 pips/month
Of note: two further pairs I tried: yielded negative results:
EURGBP - average of -25pips/month
GBPUSD - average of -13 pips/month
Tempted to look into these further, it may be that the model could be adapted to include daily analysis (i.e. get general trend.
Either way, very impressive system. I now want to give this a good couple of months on a demo account. I’ll try to post back after this and hopefully take it into a real account.
As ever… past performance is not a guide to the future.
Im very interested to see your demo results when you have them ready!!
I dont know if I understand your question, but tenkan-sen is equal to kijun-sen period 9, shift 0
Hi digitalgypsy! I wanna ask u a few questions :
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If the 1-hour & 4-hour chart have already started their downtrend for some time, while the Daily chart is showing signs of price action/Kijun crossover to a downtrend, do I go ahead with the sell order or is there a better entry timing?
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What should I do if say, Daily/4-hour/1-hour charts showed selling signal, and I placed a sell order. In the next few candles price action actually crossover Kijun on the 1-hour chart slowly and steadily but RSI is still below 50? The 4-hour chart and Daily chart are still showing no signs of any reversal of trend.\
Hope u can help me out on this, thank you!!
- Maybe you could enter and use S/R levels on the 4hr and daily as guides for possible exit targets.
- I would wait and see if Tenkan crosses Kijun, look for possible resistance levels that might get tested and wait for an RSI close above 50 to make a more informed decision.
Hope that helps
Hi again digitalgypsy!
Just wanna say that I’ve been learning your method for about 2 weeks now. The result initially was some losses as I think I still am grasping the gist of it. After that, the result is amazing!! I have attached a transaction history of my result from a demo account. Although I did made a few early exit due to spotting some candlestick pattern (double top, shooting stars etc), you guys can see the score in my attachment.
Very impressive!! You’re doing a great job!!!
Thank you! And all these are with 1 mini lot = $1/pip. If I can be consistent for a month straight, I’d consider putting in some real cash. Might not be able to place as much position cos I’ll only put in little deposit, but hopefully it’ll grow and I will be able to go to 2 mini, then 3 mini and increase with time.
Hi digitalgypsy! it’s me again. Now I have 1 more question for u.
What should I trade if daily chart is a downtrend, but 4-hr chart & 1-hr chart are showing long entries? I know that it means that the daily chart is facing some retracements, but is it safe to go long based on the 4-hr & 1-hr?
You could play the correction if you wanted to. If I were to do it then I would just trade a smaller size.
Awww man~ This week is kinda bad. All the pairs are going against the daily trend.
Hi digitalgypsy. Once again it’s reaching the end of another week, and I’m here to post my results. This week’s been quite a bad week as almost all the pairs I traded went against the general trend. However, I still managed to clinched a $85.00 profit although there were more losing trades than winning trades. Here’s my transaction history for this week :
Will continue to trade using your method and do continuous posts here if you don’t mind.
Sure I dont mind And you ended the week positive, so your week was anything but bad
Keep up the good work.
Haha, that’s because the news is on my side. I guess a major news must have greatly weakened the USD to get my GBP/USD to hit the profit target.
How you do in position size? do you have math for this?