Ichimoku Kinkou Hyou (Itchy Mushrooms)

[la papillion]

Guys, I read a bit read until I...



Also a type of mushroom right?

[kennynah]

i know what u mean man...when i first saw 802 and GR discussing.... i totally lost...but it just takes a small effort to go thru the link posted by GR and the basics are there for the understanding...but of cos, like all tools, sometimes, must know when to use spanner and when to use hammer or both...so that;s the finer points and will need time to grow the mushroom to a shitake....

[iam802]

let's point all fingers at GR. He started it.

But, if you don't look at the clouds and just focus on the 2 lines (tenkan sen and kijun sen), you get the basic moving average line crosses, right?

So, that is a good starting point. After that, I think have to read GR's note again....and again....and again....and again (you get the point)

[kennynah]

actually...so many lines...wah... see until eye flower at the beginning...after a while, get used to it... then manage to see some pattern there...

anyways...lapap...u quite a mathematician...once u see the formula...u ought to be able to roughly gauge how the sakuras, honda, circle line, JR line, and those nabehsens are derived from...

• Tenkan Line; (highest high + lowest low)/2 calculated over last 9 periods.
• Kijun Line; (highest high + lowest low)/2 calculated over last 26 periods.
• Chikou Span; (most current closing price plotted 26 time periods back.
• Senkou Span A; (Tenkan line + Kijun Line)/2 plotted 26 time periods ahead
• Senkou Span B; (highest high + lowest low)/2 calculated over past 52 time periods, sent 26 periods ahead.

[blid2def]

Actually, sometimes I oso blur. Read and read and re-read and still can apply wrongly. KNN. Like today then I remember that all those criss-crosses used on the wrong side of the cloud can mean everything go into longkang. No wonder my success rate with it isn't like 100%. Hahaha....

I think this is one of the most tedious TA systems to understand, because of the many interactions between the indicators. Slowly lah, no rush. Mushrooms take time to grow.

[la papillion]

Haha guys, I see see look look

I'm what pple called a classical technician. Martin pring style. So only support/resistance, price patterns and volume. Not much of using indicators, save for stoch and macD.

Post more charts with comments one, I try to see if I can make sense haha! Maybe must learn some Jap to understand all the Honda toyota and mitsubishi

[kennynah]

ok...my experience....u dont roll up sleeves and read the basics found here...

http://www.fxwords.com/u/ichimoku-cloud.html

it'll be tough to participate in any useful discussion... i tried to steal kung hu...CMI....so LL, today open up link...read, see look a bit of the examples within...and then start asking these 2 japanese love birds.. then learn more...

pris twai... you will ren ....

[blid2def]

This one has a lot more info:
http://www.kumotrader.com/ichimoku_wiki ... =Main_Page

If you're using Firefox 3.0.1, you might get a warning about this being a Reported Attack Site. I've reported this issue to the web site owner. I think the site looks safe now (think they got infected a couple of time in the last 90 days). If you use Opera or IE, you shouldn't see that message.

[kennynah]

27aug08 - late afternoon DOW action

base on this current chart pattern...

wana check with the IKH folks here...on whether i am on the right track with reading the indicators by itchy kinky...

many sugar canes in advance...

[blid2def]

K, the bearish price-Kijun cross, bearish Tenkan-Kijun impending-cross, and the bearish Chikou Span confirmation cross - all identified correctly. The impending bearish cloud exit is identified correctly as well.

Just looking at this picture alone, you can step back to look at it and summarize it as:
bearish trend -> temporary break from fall -> trendless state -> potential continuation of bearish trend

Whether the continuation happens, will depend on how strong the supports below the cloud hold up. The other thing I'd look for, is for the Tenkan and Kijun lines to: (1) angle downwards and (2) leave the cloud as well.

The current base of the cloud is actually the Senkou A (this is a bearish cloud - the Senkou A and B spans have reversed positions). Recall that the Senkou A is formed by taking the average of the Tenkan and Kijun sens from 26 periods back. Since the current Tenkan and Kijun sens are still higher than the Senkou A, it means that we've still not undercut the brief relief period (26 periods back). Eh... dunno if I make sense?