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Thread: Ichimoku Kinkohyo Indicator

  1. #1
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    Default Ichimoku Kinkohyo Indicator

    Glimpse of the Ichimoku:
    Ichimoku kinko hyo created by Goichi Hosada in the period before World War 2, a journalist who wanted to create an indicator that complete. which could indicate support and resistance areas, entry / exit points, and at once the strength of a signal.

    The main component of the Ichimoku have 6:
    1 Tenkan Sen (red line)
    2 Kijun-Sen (blue color)
    3 Senkou Span A (color tommato)
    4. Senkou Span B (greenyellow color)
    5. Kumo / Cloud (tommato color yellow and green)
    6. Chinkou Span (brown color)
    example chart with Ichimoku indicator

    Click image for larger version. 

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    Tenkan Sen
    Ichimoku kinko hyo indicator has 5 components of the main line
    from here we will discuss them one by one.

    1.Tenkan Sen (Turning Line)
    Line Tenkan-Sen (TS) obtained with the formula:
    (Highest High + Lowest Low) / 2 of the 9 period membanding2kan Many distinguished between lines 9 TS with high school, both have a fundamental difference which is the difference in the calculation base, the base calculation using the TS rata2 of HH + LL at 9 last candle, while the SMA 9 is rata2 closing price on the last candle 9. compared with the SMA 9, TS is more accurate in showing the S / R compared with the SMA slope angle TS 9 also shows the relative strength momentum of price movement, the more oblique the angle the stronger momentum.

    2 Kijun Sen
    Line Kijun-Sen (KS) is obtained by the formula
    (Highest High + Lowest Low) / 2 of 26 periods As with TS, KS also has a function similar to TS, TS is simply the difference between having a period of 9 while the period 26. KS KS is one line that has an important role on Ichimoku, and if the TS is more reliable compared to the reading momentum, equilibrium, and market sentiment in the short term.TS and KS in collaboration can be a determinant of the direction of the trend, if TS above it can be said to be a trend KS relatively bullish in the short term, otherwise Vice Versa. Crossing of lines TS and KS program can be used as an entry signal with power level that berbeda2, depends on the other to confirm the components. the picture below is an example of an entry using the TS / KS crossing.

    3 Chikou Span (Lagging line)

    Span Chikou lines derived from the price of the closing price that was scrubbed 26 period. The usefulness of this unique CS, CS is used to compare the closing price of the candle 26 sekaraang ago period, it is to describe the direction of the trend and also to confirm the entry point. if the closing price is lower than the candle 26 period ago, the trend is considered still to have
    bearish tendency.

    4. Senkou Span A

    Line Senkou Span A is obtained by the formula
    (Tenkan Sen + Kijun-Sen) / 2 and promoted 26 periods
    A Span Snkou itself reflects the equilibrium of the Tenkan-sen and Kijun rata2 penny shifted 26 periods ahead. we all know that the price tends to respect the support and resistance levels, then by sliding forward 26 periods of expected users Ichimoku indicator inidapat see Support & Resistance levels of 26 periods ago.

    5. Senkou Span B
    Senkuo Span B line is obtained by the formula
    (Highest High + Lowest Low) / 2 of the 52 period and 26 period is shifted forward so far. Senkou Span B line reflects the equilibrium to the long-term price movements by reading 52 period backward and 26 period moving it forward as far as the future, the hope of gaining support or resistance level of 52 ago period. The combination of the two line Senkou Span A and Senkou Span B is the one who formed the Ichimoku Kumo or cloud, and the bedrock of market analysis using Ichimoku indicator this.

    ===========================================================

    This Singal for USDJPY 11Agus2014

    Open BUY @102.19
    TP @102.30,102.51,102.70
    SL @101.99

    Open SELL @101.99
    TP @101.88, 101.70, 101.53
    Stop Loss @102.28

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    Default

    Signal for USDJPY on Tuesday 11 Augustus 2014, level is like this.

    Open BUY USDJPY @102.33
    TP @102.43, 102.58, 102.73
    SL @102.13

    Open SELL USDJPY @102.13
    TP @102.03, 101.88, 101.73
    Stop Loss @102.33

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    Default

    You know the Ichimoku practitioner would not take this as a signal sell signal, they will wait until at least
    price has penetrated the kumo. because if the price can not penetrate the kumo, likely the price will go up instead follow major trends.

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    Default

    Kumo cloud that according to this indicator as a point of support and resistance so what?

    Continue of cloud special rule is used as a benchmark indicator?
    kumo cloud is not a point of support and resistance, but the zone of support/resistance that are dynamic. special rule for entry I will discuss when the market has been open, I'll be at the same time give an example of the chart. if there is still not understand please ask again.

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    Default

    Kumo cloud that extends past the price was what the basis that it is a prediction of the direction
    trend,? eg kumo cloud is under the price then it is still a bullish trend?

    true, if the price is below kumo cloud, it could mean that the trend is still bullish the support zone is kumo cloud itself, on post no # 18 can be seen how the movement of the price rise is always tersupport by kumo cloud.

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    Default

    USDJPY for 15Augus2014

    Open BUY USDJPY @102.56
    Take Profit @102.68, 102.77, 102.94
    Stop Loss @102.39

    Open SELL USDJPY @102.40
    Take Profit @ 102.29, 102.17, 102.06
    Stop Loss @102.58

  7. #7
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    Default

    Ichimoku kinko hyo indicaort is great indicator made by Jpanaese mathematician for use in trading activities, so you can use this indicator for calculate the trend power and support resistence.

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    Default

    if the kumo cloud is under priced, it could mean that the trend is still bullish the support zone is kumo cloud itself. you can be seen how the movement of the price rise is always tersupport by kumo cloud, some EU in this week tries membreak down times kumo but have not been successful and the price continues to rise.

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    Default

    ichimoku kinko hyo is most used by top trader I want learn it mroe for help my trading activites so I hope you can help me to learn this indicator this indicator is for usdjpy only?

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    Ichimoku kinkohyo indicator/trading system I know is the most used by professional trader for preditc the support and resistence level, and this indicator is usefull for any pair.

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    Default

    Quote Originally Posted by malacha101 View Post
    Ichimoku kinkohyo indicator/trading system I know is the most used by professional trader for preditc the support and resistence level, and this indicator is usefull for any pair.
    I think you right this indicator is compatible to all pair in forex trading, so we can trade use this indicator in GBPUSD, EURUSD and USDJPY also and etc more pair again.,

  12. #12
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    Default

    So basically how to Entry Buy Sell His same time as it is time cross ?? Her cross the line where the Kumo which it was created hell awan2 function ???

    Kinton not make the cloud so that in use Son Goku for example chart entry buy the TS / KS cross there in post # 10, red line and the line TS KS reply blue, crossing two lines can be used as an entry point to the confirmation of the component Ichimoku else. kumo serve as support / resistance zone that dynamic. of the sample chart in post # 10 which can be seen alone the potential profit that can be generated from this Ichimoku, if calculate is more than 500 pips.

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    Default

    Open Posistion in bUy or Sell is:
    1. Kumo breakout Support
    2.line and the trend line already in the price breakdown
    3. some previous candle TS already crossing down KS
    4. CS is below the price
    5. USDX membreak up kumo and EURX break down kumo.

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