Registered: Feb 2009
Posts: 70

Good Rule based trading. I have seen your posting once in a while.

I trade US stocks and ETF options thro a Charting program called Quote Tracker with TD Ameritrade.
It has everything-P&F/Range/Volume/Tick/Time charts except Ichimoku.

TOS platform offered by the same company offers Ichimoku and Pearson Pivots but TOS does not store data (on demand only) where as QT stores data (both intra day and Historical ) .So even with out internet I can try various combination Analysis after market close with out link to TDAm/TOS servers.

I dont trade spot forex or IMM futures. But do trade options on FXE (Euro ETF) or FXF (swissy) or FXB (cable).

I dont open browser during trading hours but for the sake of Ichimoku I open freestockcharts.com sometimes (It gives live data (BATS) and trading capability in to TD Ameritrade a/c)
But Iam scared to trade thro it as it thro browser/not exclusive TD am product)
your rule based trading 1 min Ichimoku Fx is reasonable ( Forex like commodity trends well unlike Stock/stock indices which are inmates of maniac mental asylum )

Registered: Jul 2004
Posts: 176

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Quote from keviniyengar:

Good Rule based trading. I have seen your posting once in a while.

I trade US stocks and ETF options thro a Charting program called Quote Tracker with TD Ameritrade.
It has everything-P&F/Range/Volume/Tick/Time charts except Ichimoku.

TOS platform offered by the same company offers Ichimoku and Pearson Pivots but TOS does not store data (on demand only) where as QT stores data (both intra day and Historical ) .So even with out internet I can try various combination Analysis after market close with out link to TDAm/TOS servers.

I dont trade spot forex or IMM futures. But do trade options on FXE (Euro ETF) or FXF (swissy) or FXB (cable).

I dont open browser during trading hours but for the sake of Ichimoku I open freestockcharts.com sometimes (It gives live data (BATS) and trading capability in to TD Ameritrade a/c)
But Iam scared to trade thro it as it thro browser/not exclusive TD am product)
your rule based trading 1 min Ichimoku Fx is reasonable ( Forex like commodity trends well unlike Stock/stock indices which are inmates of maniac mental asylum )

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Registered: Feb 2009
Posts: 70

Since you have a full time job,trading spot forex during Asian and European hours is more suitable and you can call it a day by max 11pm Singapore time ( US 11am -summer) and go to bed.
Trading US index/stock /options is crazy hours from HK/Singapore.
9.30pm to 4 am (10.30 pm to 5 am winter)
I used to trade spot forex /forwards with UOB bullion/forex desk.
As an Import/exporter -I used to buy lot of spot /forward Euro for imports/hedging etc.
Nowadays more equity /etf/index/options etc.

Registered: Jul 2004
Posts: 176

I just started options trading, calendar spreads at the moment.

for stocks and mutual funds, I am investor's mindset.

still a long way to go though....

Registered: Dec 2010
Posts: 106

Interesting indicator Ichi. I have read the best or safest way to trade it is to wait for price to be at least two higher timeframes above/below the kumo and trade in that direction using the 5 or 15 t/f as your signal to enter when tenken-sen crosses kijun-sen and most importantly when the chikou span has crossed price.

At the moment, eur/usd is on it's way long heading for the daily bullish kumo with a flat bottom that always attracts price, albeit the chikou span has crossed price on the monthly and weekly which signals bearish, however, we also have bullish clouds here so I am long eur/usd for somewhile now.

I use the original settings as do most of the Japanese so it would appear sensible to follow suit. The above strategy in a backtest provided an 80% accuracy rate!

Registered: Jul 2004
Posts: 176

EURUSD 30 Sep 2011 Ichimoku Trading

Was not trading for the past 2 days due to work commitment.

Back to trading tonight for the last day of the month.

Price had been trading downwards earlier till 2000h. Was planning what trade to do for the night. Tenkan-sen cut above the jikun-sen while above the kumo cloud. The chikou span also cut above the kumo later, there was opportunity to go long at around 2030h. Knowing there was a number of news, was stepping a side.

After 2030h, relook at the ichimoku charting, an opportunity was forthcoming...

Tenkan-sen cut below Jikun-sen while above kumo cloud. The price went into the kumo cloud, and Chikou Span had yet cut below the cloud completely.

Placed a stop in order (50%) just below the cloud, was stopped in the next moment.

Placed another stop in order (50%) below the low of the kumo cloud, was stopped in the next moment.

Price began to trade lower. Set a target profit to close 50% of the position. It was hit

Set another target profit to close 50% of remaining position (25%). It was hit

The remaining was stop loss, it was stopped out.

Called it a day...

eurusd ichimoku trading forex singapore fx trader 30sep2011-1-1.jpg
This has been downloaded 136 time(s).

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