Vladimir, lot os good questions.
First of all, I encourage no one to use my style of trading with regards to stop losses. I break all the rules when it comes to that. I don't like to get spiked out of a trade, such as the types we see when news annoucements hits. I also, with regards to my S&R's and the ichimoku, believe my entries are fully optimized. If when I do get a move in my favor, then figure it out, because of a lack of momentum that the reversal has not officialized, then I jsut take the trade out for a nominal gain. Sometimes, I might let it run when I know the next point is close by, and then double up. This means when the reversal happens, I double my pleasure. Once again, if it has not officialized, then the whole thought process is repeated.
My S&R's are based on a proprietary formula, and has nothing to do with drawing them. The amount of work I do to find them has been minimalized because of the software someone was so kind to give me a few years ago. I plug it in to my platform, and let it to the rest. The software deosn't go any higher than the monthlies, so I do have work to do with regards to the yearlies and decades. In the old chat room, people thought Tucker devised them, because like Tucker, they are my pride and joy.
Trading ichimoku does not mean you should use wide stops. One way that has proven effective (I'll risk sounding double-tounged here, because I don't use stops.) in the past is as an example in an uptrend count 3 candles back, and use that kijun as your stop, adn then graduate it is the trade progresses. Really, that is the optimum determination in using stops with ichimoku. Try to enter a trend trade when the candle has backed into the tenken, and then count 3 candles back and use the kijun as the stop. This can be backtested, because of the nature of the ichimoku, so I encourage you t odo so in order to see the results for yourself.
If it is a strong trend, and it is a counter trade while using my S&R's, then enter at that S or R point, find the TF that is the most OB, and then get out at the kijun. A stop to be used in using my S&R's to countertrend trade with is to plot the fibos on your chart. The way you do that is in the example of entering at R1, plot the fibos from R1--R2, then make a stop for the 38.2% mark. If you are looking for an entry into a strong trend, such as the EUR/AUD, pay attention to the monthlies, wait for a bounce. If it bounce to the 4-hour tenken, and you have determined the trend will continue, then that is where you want to enter.
It is just my personal opinion, but there is perfect synergy between my S&R's and the ichimoku. This is because there is nothing lagging about either and there is a harmony. I can give countless examples, but my posted one of the EUR/AUD is a good one. 1.4691 is the week's WS1. That means solid support in that area. It could be broken, but effort is going to be needed. The bears might meet up with more bulls and find they get much more than they bargained for. As always, I don't know what my weeklies will be until the start of the week, because I let the software do it all for me.
Getting back to stops, and my repugnance in its usage. Unless you have an absolute gameplan to back you up, it's suicide not to use them. Also having nerves of steel and your emotional set dipped in ice also helps.
Hello 4xpipcounter,
It looks like lots of job done finding those levels. By the way can you explain how do you draw them.
I've read that you do not use stop losses for your trades. Why is it so? That is because of small lot size comparing to your Margin or this is because to trade ichimoku we should have wide stop losses?
cheers