shillllihs
6,044 posts
msg #132714
- Ignore shillllihs |
11/22/2016 7:03:14 PM
Thanx again. At first look I thought maybe I picked a dud with the short but overall it looks good for a 1-10 day short scalp.
|
push5280
201 posts
msg #132731
- Ignore push5280 |
11/23/2016 12:12:30 PM
Shills.....I've been trading Ichimoku for close to a year and it is a powerful system. Here is a linkhttps://www.ichimokutrade.com/articles/Ichimoku_Ebook.pdf to a very good primer on Ichimoku with a number of bull / bear setups. One trade that I have found to be very consistent and profitable is SSA > SSB and RSI(14) between 40 and 50. I also use RSI(2) below 10 ans CCI(4) below -130 as triggers. Those two in tandem and seperately have been reliable triggers for me. My experience with the CCI(4) below -130 is that it is a little faster indication of a trend change or pull back than RSI(2) so be careful that you don't get in too early. My experience has been 1-5 days sooner than RSI(2).
Good luck to you!
|
shillllihs
6,044 posts
msg #132740
- Ignore shillllihs |
11/23/2016 1:32:40 PM
Excellent, thank you. You've been a great help.
|
Kevin_in_GA
4,599 posts
msg #132745
- Ignore Kevin_in_GA |
11/23/2016 2:45:20 PM
Has anyone asked SF to code this for you? It looks like it could be done quite easily since you have basically already given them the code.
|
matt
15 posts
msg #132754
- Ignore matt |
11/23/2016 9:08:41 PM
push, would you mind sharing the filter setup you mentioned?
It seems like the short filter is pretty broad, it's been returning 400 - 500 stocks per day. Do you think this is the way it should be returning? I have changed it to showing stocks above $30 and volume > 2,000,000 to filter some of the larger caps, but it still comes back with 80+. I am not familiar with Ichimoku and will check out that site. Thanks for sharing it!
|
shillllihs
6,044 posts
msg #133093
- Ignore shillllihs |
12/7/2016 5:23:13 AM
Push, I appreciate your help.
Can you do one more for me, I think I really like this setup.
From top to bottom
SSB SSA TS KS
I want it as TS just crossed KS. Looks like a strong setup but need to see more results.
|
push5280
201 posts
msg #133154
- Ignore push5280
modified |
12/9/2016 2:01:24 PM
shills....
|
push5280
201 posts
msg #133155
- Ignore push5280
modified |
12/9/2016 2:58:27 PM
Matt....
Here is the set up that I talked about in the earlier post. This setup works best in the earlier parts of the trend. What I look for is SSA > SSB and use the RSI(14), RSI(2) and CCI(4) to time my entries. I go through the charts at night and when I find a set up I like, I use limit orders for an entry the next day. I always set my limit order at today's close. I miss out on some entries but that's the way it goes. I don't worry about it because there will be others. Never chase an entry.
What you want to look for is the RSI(14) between 40 and 50, moving up or side ways. You then use the RSI(2) and CCI(4) as confirmation. in general I look for the RSI(2) below 30 or lower after hitting 90 in the last few days. I will consider a trade if the RSI(2) has hit 90 in the last few days but hasn't hit 30 if the the RSI(2) set a little base and is moving up. CWEI on 7/7/16 is a good example.
RSI(2) below 30, preferably below 10 with a little backslash sort of line or an almost flat line with the CCI(4) below -130 or below in the last few days and moving up is also a good signal. See TECK on 7/20/16 for an example.
As I said in an earlier post in this thread, if you haven't already go to this link and download the ebook. It's free and it is easy to understand explains very clearly what each line of Ichimoku means and offers a number of different setups. It was a big help for me in understanding Ichimoku.
https://www.ichimokutrade.com/articles/Ichimoku_Ebook.pdf
Best of luck to you!
|
shillllihs
6,044 posts
msg #133159
- Ignore shillllihs |
12/9/2016 5:10:21 PM
This is all fantastic thank you. I will look more into this.
|
matt
15 posts
msg #133161
- Ignore matt |
12/9/2016 11:04:03 PM
Thank you so much, Push! I will check your filter results closely and share how the picks turned out.
|