Ichimoku ES Futures Trading

Quote from joe4422:

I don't mean to be negative, but I try to help newbies by showing bull shit to be bull shit.


Could I ask you, have you actually made money using this?
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Yes, I had a monthly average of 22% gained for 6 months swing trading stocks $2-$10 after studying Ichimoku for nearly a year. I'm paper trading futures to test my methodology and I haven't had a losing trade yet (5 trades total) My win ratio in stocks was 3:1 and I hope to improve that here.

I do quite well for myself and I don't care if you think it's bullshit. So do most people that haven't studied it for as long as myself and the pro traders that use it in Japan. It's not that well known over here.
 
I just started a blog and this was my post last night.
Everything is moving along except /GC didn't break the cloud so I didn't hop in. Daily is still bullish so I'm watching. Will update with a play on that soon. My hands are full at the moment.

Posted on June 14, 2010 by ichibomb
/ES – Buy above the cloud on the 5 minute. Hourly is bullish as well. Looking for a buy at 1091.

EUR/JPY – Brought to my attention by Rossj on HSM. Nice find!

Buy above the 5 minute cloud

Also a buy on the hourly. Price cross above TS into the bucket on the daily. Overall trend bearish,
but running for a possible swing. Looking for a buy at 112
Expecting some minor draw down to 111.33.

/GC – I’m looking at a long play at 1032, just above the 5 minute cloud.

If they don’t work out, get over it and move onto the next play.
 
Quote from tortoise:

that chart makes my head hurt
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It's not that complicated when you consider a lot of traders use MACD, RSI, Accum/Dist, OBV, Stoch, TRIX, ADX, PPO, etc.

However, some traders just use a bar chart with trendlines and support/resistance.

Everyone is different and as long as your strategy is consistent and you're making money than it's all good with me.

I know this works amazingly well and that's why I stick to it. I wouldn't have been using it for this long if it didn't produce the consistent profits that I am seeing.

Ichimoku is an at a glance chart and it's very simple once you fully understand it but it does take time like anything worth doing.

I will say that Stoch, TRIX, and OBV are complimentary to Ichimoku.

Stoch - Basic overbought/oversold signals

TRIX - Will help keep you in a longer swing without getting shook out.

OBV - shows where smart money is going.
 
EUR/JPY - saw a TS/KS bear cross for the sell at 112.70 (+70 pips)

/ES - saw a TS/KS bear cross and a price cloud cross at 1097 (+6 points)

/GC - still not ready for a play yet.


Quote from IchibomB:
Posted on June 14, 2010 by ichibomb
/ES – Buy above the cloud on the 5 minute. Hourly is bullish as well. Looking for a buy at 1091.

EUR/JPY – Brought to my attention by Rossj on HSM. Nice find!

Buy above the 5 minute cloud

Also a buy on the hourly. Price cross above TS into the bucket on the daily. Overall trend bearish,
but running for a possible swing. Looking for a buy at 112
Expecting some minor draw down to 111.33.

/GC – I’m looking at a long play at 1032, just above the 5 minute cloud.

If they don’t work out, get over it and move onto the next play. [/B]
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/ES - looking at the same buy at at 1091 again which should give me a bull TS/KS cross for entry.

Looking to the 1 minute for current price direction. Bears are holding it down for the time being.

es.jpg
 
Overall the daily is bear but price may have some support here in the middle of this channel.

esdaily.png


Looking at the hourly, we're in a bull run with a weak sell/short. Watching to see if CS
can break resistance for a long play. If it proves to be resistant, I'll look to short below the
middle of the channel (dotted green line)
eshourly-1.png


5 Minute shows all indicators bull and rising.
es5minute.png
 
I must say Ichi is fascinating. Thanks for your posts. Since I have little idea how to use where can one read up on. It's quite a mystery with little discussion. I just loaded it on 5 min ES. Is it suggested to use globex or RTH hours it changes the chart quite a bit. It appears you use globex.
 
I don't know your style of trading but I typically only trade 1-3 lots per day. So for me the ideal play would be to watch the hourly for long/short signals and then time it with the 5 minute.

I have a journal you can check out. I'll send it to you.
 
Quote from IchibomB:

I don't know your style of trading but I typically only trade 1-3 lots per day. So for me the ideal play would be to watch the hourly for long/short signals and then time it with the 5 minute.

I have a journal you can check out. I'll send it to you.
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Thanks much I found some videos on YT and will check out your journal.
 
As I pointed out in the previous /ES charts....

CS broke the trendline on the /ES hourly for a long position.
Entry 1090
Currently 1097
 
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