Very insightful video. My advice to anyone starting out in this market is to seek guidance as it's the best way to build long term wealth while managing your risk and emotions with passive investing strategy, just buying the best assets isn't gonna cut it.
@@chriskitzlinger if you're willing to park your money for a long time then yes, It's about how long you are will to wait for the money to sit or grow. But some folks prefer to get to the bag sooner rather than later.
@@rolandyizel I'll be downsizing soon so I can buy the dip so if I could come up with a way to make my money work for me while I wait that would be brilliant. Got any strategies you can suggest? >
@@chongleeyoung9007 I realize i could turn trading from my passive source of income to my huge main source of incoome after i met with Mrs Ruth she is a professional
What a great video...one of the best Itchy explanations and strategies I have seen. I will be forward testing this on non correlated pairs this year. Thanks for your time and information...
Thanks for the comment Bruce. It's amazing the improvements that can be made to a strategy from smaller details. Hope it helps with your own testing. Keep watching as we have some really great in-depth backtests to come!
A few ideas from my side, for example, exiting a long trade only when the price in the 1h chart crosses the Kijun Sen line with 2 candles, or you can also use an indicator such as Parabolic SAR or Supertrend to exit. One idea for good entries in the 1h chart would be to look in the next higher time frame, for example in the 4h chart, before entering to see whether the conditions are also met......
I believe when we discover something of great value, it is our obligation and pleasure to share it with others. Ever since I started investing in crypto and forex I haven’t had a loss due to the technique and strategies he uses in trading the foreign exchange market. Trade wisely
I would add that for intraday trading most important trend is 15 minute, 1h and 4h-- and daily trend candle has to be same color at least 2 days in the same direction. For intraday trading weekly & monthly trends do not matter much & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general daily candle has to be in the same direction for any trade--Sir, what do you have to say?
Do you mind if I ask, are you still trading with Ichimoku model and is it only Forex ? Do you have any RUclips channel to recommend ? Has frameworkFX proved authentic and with integrity ?
Hi Rohit, thanks for your message. This was backtested on the H1 timeframe using GBPUSD. It can be tested on any timeframe and pair, but I strongly advise that you backtest it first to suit you as it is unlikely to work on every time frame or pair.
Sir,Is daily trend important for forex trader who is trading in the direction of 4 Hour trend,with retracement on 1H chart ,using 15 minute price action.My observation is that DAILY TREND SHOULD NOT BE TRENDING DOWN,DAILY NEUTRAL TREND/RANGE BOUND IS OK.(AFTER ALL WHEN ALL 3 TRENDS, DAILY,4H, 1H MATCH,PRICE IS EXPENSIVE TO BUY & TOO CHEAP TO SELL & ODDS OF MAKING PROFIT IS LESS THAN 50%.GUIDING TREND SHOULD BE 4H,when trading 15 minute price action for entry--your input/wisdom would be appreciated.Thank you.
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. Sir, I seek your wisdom?
Hi Philson, thanks for the interest. I do use a spreadsheet. It's super simple, when you're backtesting just note the date, hour of trade open, day of week, long/short, win/lose and tally them up at the end, you'll soon get a far better insight into your strategy, and see quickly areas of improvement. Good luck!
Fantastic content. Just out of curiousity, you mentioned hourly timeframe was used for each trade. Do you stick to 1-hour TF solely when looking at such trade entries? Or do you reference other TFs like the 3H, 4H or even daily timeframes?
Thanks for your kind words Rhys. On this backtest I only used the 1-hour timeframe, I didn't do any multi-timeframe analysis. I was trying to keep it as simple as possible. However, I think it could benefit the strategy if utilised properly!
Thanks for the comment. If you're interested in more intraday opportunities, I would suggest you try backtesting this strategy on the M15 and M5 charts, and seeing how you get on. Good luck.
works only in trending markets ;) an we all know we got only 30-40 % tredning markets ,often u see the market is trending when its too late ;) so doesnt work
Your back test is garbage . . . primarily because all back testing is garbage. Some pearls of wisdom for any seeking to trade Ichimoku: #1 It is the best indicator ever invented to do what it's supposed to do. No other indicator that I know of can do what Ichimoku can do . . . BUT you HAVE to understand what Goichi Hosoda was trying to achieve. By looking at the set of parameters used in this back test . . . this gentleman doesn't understand Ichimoku. #2 Ichimoku IS NOT a trend indicator NOR is it a TREND FOLLOWING indicator. It can be used for that . . . but a straight trendline works much, much better. #3 Stay away from Ichimoku unless you have been taught how to use it or have spent the years figuring it out. 99.9% of people use it as a sort of moving average system. In fact, if you look at this back test, this gentleman used it like a moving average system. Unless you can fly to Japan, learn some basic Japanese and spend time with someone who knows Ichimoku . . . or unless you're willing to devote several years to reverse engineer it . . . just use moving averages.
Lol yeah it is indeed something with a lot of depth to it and this strategy is only the tip of the ice-berg, but nevertheless it's one of the correct ways of using the ichimoku so nothing wrong with the way he's using it. It's just that it's not being used to it's full potential
Very insightful video.
My advice to anyone starting out in this market is to seek guidance as it's the best way to build long term wealth while managing your risk and emotions with passive investing strategy, just buying the best assets isn't gonna cut it.
Thank you... I'm still holding and I plan to hold till 100🚀. On my journey so far I've learnt to value information, Experience and guidance.
@@chriskitzlinger if you're willing to park your money for a long time then yes, It's about how long you are will to wait for the money to sit or grow. But some folks prefer to get to the bag sooner rather than later.
@@rolandyizel I'll be downsizing soon so I can buy the dip so if I could come up with a way to make my money work for me while I wait that would be brilliant.
Got any strategies you can suggest? >
@@rolandyizel I've tried some passive income ideas but keep losing out.
Honestly I'd really appreciate some advice if possible🙏
100% spot on D. Wellings. I couldn't agree more.
How do i start earning from investing in trades?
Get yourself a good and trusted trader
@@angelmiguel3209 yeah i know, but my previous trader didnt impress me
@@chongleeyoung9007 I realize i could turn trading from my passive source of income to my huge main source of incoome after i met with Mrs Ruth she is a professional
@@angelmiguel3209 I'm surprised you know her, I have been making lots of profits investing with her for a few months now.
I'm new at this, How can i reach your broker.
What a great video...one of the best Itchy explanations and strategies I have seen. I will be forward testing this on non correlated pairs this year. Thanks for your time and information...
Thank you for your Work, i love Ichimoku
love the ichimoku. kumo breakouts look great. Many Thanks for sharing.
Super super super, cleaar clarification of rules. Thanks
Thanks very much. Amazing detail in reviewing the backtesting. Love the idea of times and days. Not something I'd considered before.
Thanks for the comment Bruce. It's amazing the improvements that can be made to a strategy from smaller details. Hope it helps with your own testing. Keep watching as we have some really great in-depth backtests to come!
A few ideas from my side, for example, exiting a long trade only when the price in the 1h chart crosses the Kijun Sen line with 2 candles, or you can also use an indicator such as Parabolic SAR or Supertrend to exit. One idea for good entries in the 1h chart would be to look in the next higher time frame, for example in the 4h chart, before entering to see whether the conditions are also met......
Fantastic job !
Thanks for watching.
Wow, how did i miss this channel? Gotta check :D
Great video 👍
I believe when we discover something of great value, it is our obligation and pleasure to share it with others. Ever since I started investing in crypto and forex I haven’t had a loss due to the technique and strategies he uses in trading the foreign exchange market. Trade wisely
Michael Lester is a trader with a different approach entirely, i can’t figure out how he does it, his strategies work the magic
Connect with him on telegram @michaellester
I would add that for intraday trading most important trend is 15 minute, 1h and 4h-- and daily trend candle has to be same color at least 2 days in the same direction. For intraday trading weekly & monthly trends do not matter much & can be ignored. For simplicity sake if 15 minute ,1h & 4h trends are in the same direction, you have a trade set up in the same direction (one could fine tune entry 0n 5 minute charts). In general daily candle has to be in the same direction for any trade--Sir, what do you have to say?
Do you mind if I ask, are you still trading with Ichimoku model and is it only Forex ? Do you have any RUclips channel to recommend ? Has frameworkFX proved authentic and with integrity ?
Wich is the best time frame for this strategie? Is 5min chart okey?
What is the time frame used in this and is any particular fx pair ti be used or we can use any pair
Hi Rohit, thanks for your message. This was backtested on the H1 timeframe using GBPUSD. It can be tested on any timeframe and pair, but I strongly advise that you backtest it first to suit you as it is unlikely to work on every time frame or pair.
Hi. Can I please ask which software you are using for the backtest ? Thank you
Thanks a lot
Thanks for watching!
Sir,Is daily trend important for forex trader who is trading in the direction of 4 Hour trend,with retracement on 1H chart ,using 15 minute price action.My observation is that DAILY TREND SHOULD NOT BE TRENDING DOWN,DAILY NEUTRAL TREND/RANGE BOUND IS OK.(AFTER ALL WHEN ALL 3 TRENDS, DAILY,4H, 1H MATCH,PRICE IS EXPENSIVE TO BUY & TOO CHEAP TO SELL & ODDS OF MAKING PROFIT IS LESS THAN 50%.GUIDING TREND SHOULD BE 4H,when trading 15 minute price action for entry--your input/wisdom would be appreciated.Thank you.
Signals are stronger if the higher time frame aligns with- especially lagging span
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. Sir, I seek your wisdom?
Do you have like a spreadsheet or app to do such backtests? It's amazing data really.
Hi Philson, thanks for the interest. I do use a spreadsheet. It's super simple, when you're backtesting just note the date, hour of trade open, day of week, long/short, win/lose and tally them up at the end, you'll soon get a far better insight into your strategy, and see quickly areas of improvement. Good luck!
Telegram channel not valid
Telegram address is broken 😞
Fantastic content. Just out of curiousity, you mentioned hourly timeframe was used for each trade. Do you stick to 1-hour TF solely when looking at such trade entries? Or do you reference other TFs like the 3H, 4H or even daily timeframes?
Thanks for your kind words Rhys. On this backtest I only used the 1-hour timeframe, I didn't do any multi-timeframe analysis. I was trying to keep it as simple as possible. However, I think it could benefit the strategy if utilised properly!
@@FrameworkFX Thank you so much for the clarification! Keep up the great work! 👍
What time frame for intraday
Thanks for the comment. If you're interested in more intraday opportunities, I would suggest you try backtesting this strategy on the M15 and M5 charts, and seeing how you get on. Good luck.
What charting software is this?
Thanks for the message. The charting software that I use to backtest is tradingview.com and I use excel to document.
works only in trending markets ;) an we all know we got only 30-40 % tredning markets ,often u see the market is trending when its too late ;) so doesnt work
Your back test is garbage . . . primarily because all back testing is garbage.
Some pearls of wisdom for any seeking to trade Ichimoku:
#1 It is the best indicator ever invented to do what it's supposed to do. No other indicator that I know of can do what Ichimoku can do . . . BUT you HAVE to understand what Goichi Hosoda was trying to achieve. By looking at the set of parameters used in this back test . . . this gentleman doesn't understand Ichimoku.
#2 Ichimoku IS NOT a trend indicator NOR is it a TREND FOLLOWING indicator. It can be used for that . . . but a straight trendline works much, much better.
#3 Stay away from Ichimoku unless you have been taught how to use it or have spent the years figuring it out. 99.9% of people use it as a sort of moving average system. In fact, if you look at this back test, this gentleman used it like a moving average system.
Unless you can fly to Japan, learn some basic Japanese and spend time with someone who knows Ichimoku . . . or unless you're willing to devote several years to reverse engineer it . . . just use moving averages.
So why don't you give us some pearls of wisdom of how you understand Ichomku is supposed to be used?
Lol yeah it is indeed something with a lot of depth to it and this strategy is only the tip of the ice-berg, but nevertheless it's one of the correct ways of using the ichimoku so nothing wrong with the way he's using it. It's just that it's not being used to it's full potential