Hi Destrader, yes the CSTL is plotted correctly, but in this case it did not break down, but rather up. before that a bullish TS/KS cross took place and the CS pierced thru the price curve, so the trade was taken. what I'm trying to say here, if you ...

Ichimoku forever

not necessarily, because it may travel too far, in this case I would wait for a retracement. I would need for the CS to clear the price curve in this example since right now it is above the price curve (below 130.30). the CSTLB works if you use the ...

Ichimoku forever

we are obviously referring to different things. on my last chart the first CSTLB hit the KS and kumo, right? so TP1 and TP2 were taken, TP3 stopped out for a profit too. the trend then resumed and we have a second countertrend, on the second break ...

Ichimoku forever

sorry, I misread your third point, that KS was not broken but price retraced and tookoff from the KS, a move that could hit the kumo for 75 pips.

Ichimoku forever

countertrend trades — a countertrend trade is a trade with "limited" prospect because you expect the trend to resume afterwards (sometimes limited can be up to 100's of pips depending on the TF). that is why your first target would be the ...

Ichimoku forever

well kevin, I can't argue with success and congrats on your 80 pips, but that move was quite in the red before it reversed, and could have gone all the way down to the flat kumo. Given you TF I guess you have to allow some draw down before getting ...

Ichimoku forever

Hi Kevin thanks for your thoughts and appreciate your reply, and I am not saying that a bounce off S/R is not important or carries less weight than a TS/KS cross, and I am not in favor of short TF trading, in fact I can only do that one day in the ...

Ichimoku forever

cross confirmation — Iskander, the CSTLB ususally comes before the cross, if you noticed, all my examples have been strong signals, be it TS/KS or kumo breakouts (unless it is a countertrend). in the illustration below you will see the CSTLB ...

Ichimoku forever

page 1 of this thread.

Ichimoku forever

Hi kevin, using your settings, I think I would not have entered long before the chikou span cleared the flat kumo. and using the CSTLB that would be between 1.4695 and 1.4705. you also have to overcome the TS line although it is not a very strong ...

Ichimoku forever

trend vs countertrend — my first entry would be with the trend starting with the strong TS/KS cross, if that doesn't happen then I look for a kumo breakout, then a KS cross then a CS cross or a kumo twist, but as the trend ends, there comes ...

Ichimoku forever

well done, and as I mentioned, I use the kumo mostly, but if I am not attending the trade like leaving it overnight, I use a constant like 20-30 pips trailing stop. if you entered this trade at the break then I will use the previous swing high, but ...

Ichimoku forever

absolutely, you can use every single formation in the book and play it (wedges, ascending, descending triangles, H&S, ....).

Ichimoku forever

I'm affraid I've been there mate, and each time I upped my SL I get a higher spike to stop me out. I think if you are on a 4H TF, it's unlikely that you will have a serious change in trend on a regular day before you had the chance to spot it, so I ...

Ichimoku forever

well done SM, you're getting the hang of it, keep it up.

Ichimoku forever

Hi Iskander, start from page 299 and onwards, you'll find many examples I have posted including an NFP live trade.

Ichimoku forever

1M TF scalp — Hi Steve, I don't know if you can call it a scalp, but you can take anywhere between 20 and 100 pips on 1M using vic's strong signal strategy or any other strategy, I think I posted a few charts in the pdf document EJM1CSTLB.pdf ...

Ichimoku forever

KS cross — Apu, all the strategies are powerful provided you stick to the rules and don't try to fit your own into the system. one must have a deep grasp of the significance of all the components and their limitations (hey nothing is ...

Ichimoku forever

cleared resistance — No I meant the chikou span resistance. you cannot run flat lines, it has to form an angle, otherwise you will start immagining trendline breaks re-entry is at the break of the new trend line.

Ichimoku forever

I know, it's crazy how many moves you get from all the pairs, but if you're following the 4H TF then you'll have ample time to check on each and every one of them. the KS cross is like the kumo breakout, needs to fulfill all its criteria to be ...

Ichimoku forever