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Ichimokuwave

GBP/JPY short opportunity Looking into this trade for early next week or end of next week using ichimoku waves , time theory and %R . The waves are forming a first wave of 13 bars , the corrective also 13-1 bars. I expect most likely a third wave with 13 bars as well but could also stopped earlier at 9 bars before correction. I'll look at bearish cross with %R , a bearish candle with a trigger. An extension up to the 161.1 level is also possible. Looking into a short opportunity with confirmation.
Short
by hidekin
Ichimoku values and theories - connecting with othersIf you are someone who has worked with Half values and theories of Ichimoku, you'll understand the constant study which goes into perfecting the art, especially if you don't speak the native language of Japanese (birthplace of Ichimoku) This will seem odd to the western traditional traders approach to Ichimoku but wanted others to see how the practice is a deep rabbit hole one needs commitment to understand. Any questions or feedback is welcome. Looking for others who have some traditional back-ground into Ichimoku trading to share different perspectives on the art.
Long
by DoubleBomb
1
The NT Wave, Ichimoku's forgotten cousinDuring back testing and studying I come across these types of situations from time to time. In Ichimoku NT price projections don't come up all the time but when they do it's nice to have seen them coming as they're short targets and once established (in my cases) I want to capture the profit I've made especially on the daily time frame. Like the example it's a four month turn-a-round to realize your limited profit/s. Most the NT targets I get i'll have 1:1.5RR on average (not something I'd want to wait four months for) that's not taking into account we had a nice equilibrium range of 79.620 - 77.768 before hitting NT target we could of taken advantage of, but I digress. The point of this post is to show a NT price projection and the importance of Time (theory) when trading. In the chart example from 'A' point i'll explain; (I won't be going into everything on Ichimoku just Price and Time Theory) Wave/price theory Points A=75.406 B=78.668 = NT C + (C-A) = 80.130 (Now I have a way to spot NT projections from the start but It's something I've learnt from my own study, I want to show this from a unknown example) C=77.768 So this is a our first and shortest target (we do get a 'V' Price project of 79.568 but straight away we know this isn't a 'V' set-up if we stay in line with Ichimoku study) On the 30/Jun we are in a complete return to the Bullish market (according to Ichimoku) now that's the lines are out the way we will focus on time. Without adding every time element to the chart I focused on "Equivalent Values" and one complex/compound value "76" being one loop or three periods. Time will determine if this way of thinking (referring to the NT projection is correct) now taking our past time history (equivalent values), we will project them forward, these will be our Equilibrium Points (hengi points) which is the important day of charge according to ichimoku. From the point of entry to our first target the market moves with-in a equilibrium range but doesn't break wave structure (March - Apr we get a weak three wave down but they are noted and smoothed as one 'I' wave) On the 15/Apr we hit our first target 80.130 (NT projection), Equivalent value '72' our Hengi Point, this is where I would be taking my profits and on the 17/Apr selling pressure returned to the market and on the 18/Apr price dropped, being one off complex value 76, one loop, according to Ichimoku is a reverse of trend number and one to be aware of when price reacts around this value. Very simple, haha but joking apart it is, once you start to understand how Ichimoku can be used the door of opportunity is huge. Hopefully this helps in some way with those struggling with Ichimoku, or get a NT Price Value. If others who study Ichimoku have another take I'm happy with the discussion to continue below or a msg to me in private is welcomed, always willing to learn more when it comes to Ichimoku.
by DoubleBomb
1
Ichimoku projection targetsNow that Monday trading has gotten underway an N Wave structure to the bull side has presented itself in the daily time frame. I've added some targets I believe price will get to before i recalculate/analysis where it's headed next. V and N Wave targets seem to be our likely turning points as it lines up nicely with a flat Kijun and a close resistance point back on the 18 July 2018. I've also added a E Wave calculation but i'll reassess when we pass the first two targets.
Long
by DoubleBomb
Ichimoku Three Theory (the end of the trend series)This is the end of the trend i've captured from start to finish (including my previous posts) of how one can trade Ichimoku (i hardly even included the five lines, thats a whole other theory which i use in conjunction). Hopefully if you are someone who is starting out or wanted to learn a bit more about the power Ichimoku analysis from the start of a reversal to the next, these six or seven post have helped in some way. If you have any questions don't hesitate to ask, i did these posts as i noticed I was receiving new followers even tho i don't post my trades like used too.
by DoubleBomb
Ichimoku Theory and analysis (opening the mind)I'll explain this the best I can for those who like to know more about the way I trade Ichimoku. This is a glance explanation and there is a lot more analysis which I didn't included but may in some micro analysis at a later date. I thought i'd share this past chart analysis i found as we were presented a 9 wave count (usually means the end of the trend is near) followed by a nice correction to the upside. If you were too aggressive and didn't allow the market to communicate what it was really intending to do, you'd enter the market believing the bulls were back in control. The down tread resulted in a P Wave forming around the 9 count (possibly traders taking profits or hopeful traders believing the trend would reverse) with price breaking the P Wave to the up side giving it some momentum (bulls). I included the failed N Wave which was never activated due to the price never breaking the B point, instead bears regained control sending price for another 7 wave count (E Wave calculation) of 1000+ pips ending close to a Ichimoku Number 129 (Combined 8). 1000 pips in a couple of days something you wouldn't want to miss thinking the trend had ended. "When in doubt look to the clouds"
Education
by DoubleBomb
6