Yes I agree.

D1 timeframe. The situation on AUDUSD is not very clear: uptrend seems finished but downtrend did not start yet.

Monthly chart. On the monthly Ichimoku chart uptrend was finished already and dowtrend should be started long time ago but we have ranging market now.. Besides the price is trying to break monthly pivot line on close bar and did not break it yet (i am not talking about high/low). So it is better to wait.

Weekly chart. On weekly chart the price is in cloud and cloud is coming down.

So it is the better to be away from this pair at least for some days. I think that situation will be clear after 30th of August (according to the cloud and support/resistance).

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I did some testing on indices (Nikkei, S&P500, EuroStoxx, Nasdaq, timeframe 1 day) with a simple trading system, based on Ichimoku. The trading system is:

When Tenkan-Sen goes through the cloud from below, go long for a fixed amount of 1000. Close your position when the Tenkan-Sen crosses Kijun-Sen from above.
When Tenkan-Sen goes through the cloud from above, go short for a fixed amount of 1000. Close when the Tenkan-Sen crosses Kijun-Sen from below.
Buying and selling happen at the open of the next day.

The results are as follows for a period from 2000 to 2006:

Nikkei: 43 trades, +233 result (long trades +163, short trades +70)
S&P500: 51 trades, -282 result (long trades -249, short trades -33)
EuroSt: 44 trades, -210 result (long trades -210, short trades -252)
Nasdaq: 43 trades, +11 result (long trades -219, short trades +230)

Short trades are often better than long trades. Reason is probably that those indices have dropped a lot during the timeperiod. Noticable is that the system works much better in Japan. Maybe because it is a self-forfilling prophecy?

This bank has a page with ichimoku-analysis of EURUSD, USDJPY and EURJPY:

http://www.mizuho-cb.co.uk/TresInter...X_-_Majors.htm

Thanks for the link.

I have only recently become interested in the Ichimoku method. I think that anybody who is interested in the method should seriously have a look at Vincent Hunt's blog at http://huntfxtrading.wordpress.com/.

I believe he was mentored by a Japanese man who truely understood the method. Vincent does publish his Ichimoku analysis and charts for certain pairs. He is able to read support and resistance levels off of the chart without using Pivot points, Fibonacci, or wave theory. If there is anybody who understands the Ichimoku method, and is willing to share his knowledge... Vincent Hunt is your man!

http://huntfxtrading.wordpress.com/

New digital..... thanks for all the works you put in... thanks so much for helping us traders out... can you tell me what is the best setting for Ichimoku in TF 15 minutes.... once again thanks

5; 10; 20.

I tested this settings during the many months with M15. besides I am testing some version of KSRobot EA since January 2001 in elite section with the settings of 5, 10 and 20. It is not producing many trades (about 40 trades for 8 months - because of some filter) but it was profitable.
So I think that 5, 10 and 20 may be ok for M15 timeframe.

Thank you very much.....

Hi Foreverold,

How does one download the Short, medium and long term SZCZUPAK SYSTEM? It sounds very interesting?

Thanks,

Larry

Hi samarkand

I just joined this trading group. I have been studying Ichi and have been thinking to use it for day trading.

Have you or anyone else here, had experience using for Ichi day trading ??

Larry Johnson