Ichimoku overview for week 39 2018

"Winter is coming."

Autumn definitely has arrived. One can tell by two observations: Oktoberfest has started in Munich, and I am using the more gloomy high contrast charts again. Nights are getting longer, days colder. Time to read a good book, drink old whisky and return to coding a trading system...

As usual the "market weather backcast" contains the ichimoku analysis of 22 indices, futures and FOREX pairs. The linked charts contain all the details and neccessary context. Both charts and tables are generated automatically, at the moment the software is still work in progress. As such, I am not sure if it works 100% correctly, so if you see a mistake, would like to see an addition/change or simply give feedback: feel free to mail me at This email address is being protected from spambots. You need JavaScript enabled to view it.Thanks a lot :)

Last two weeks triggered 10 signals in 7 different markets (out of 22 in the investment universe):

• Coffee (http://www.investing.com/commodities/us-coffee-c)
• DAX (http://www.investing.com/indices/germany-30)
• Gold (http://www.investing.com/commodities/gold)
• Silver (http://www.investing.com/commodities/silver)
• SMI (http://www.investing.com/indices/switzerland-20)
  
• Eurostoxx (http://www.investing.com/indices/eu-stoxx50)
• Sugar Futures (http://www.investing.com/commodities/us-sugar-no11)

If you would like to play around with the system that is used to generate the signals and charts on this blog, you can do so! The latest version of my software, ichinscratchy v0.3.0, was released in December 2017. It´s free & open source, you can find it under http://spare-time-trading.de/en/trading-system. Work on the next version (that will be a maintenance release) is progressing nicely. In fact I started using a development snapshot of the upcoming v0.4.0 to do this weekly analysis/overview as this part is already stable enough. You can check out the development activities at gitlab: https://gitlab.com/werwurm/ichi_reloaded.However, there is no release date yet. It´s done when it´s done...

Things are starting to get interesting. For a starter, check a couple of this week´s charts. DAX and EUROSTOXX bounced off Kumo (have a look at the two opposite Kumo breakouts in stoxx50...) while SMI generated a nice Long signal. US indices still look healthy, however DJ Transportation Average lost a lot of momentum. As you might know, I think DJ Transporter often acts as a kind of forecast for the other indices, watch this one closely! The currencies on the other hand added some momentum, EUR/USD should turn now, otherwise the fragile small uptrend would become obsolete. Silver ended last week with a surpisingly huge spike, from a trend following perspective it is way too early to go long all in...

Below is the gallery for the charts:

• BuFu_contrast
• Cocoa_contrast
• Coffee_contrast
• Copper_contrast
• Cotton_contrast
• DAX_contrast
• DJI_contrast
• DJTransp_contrast
• EURJPY_contrast
• EURUSD_contrast
• Gold_contrast
• HSI_contrast
• N225_contrast
• OJuice_contrast
• Palladium_contrast
• SMI_contrast
• SPX_contrast
• STOXX50E_contrast
• Silver_contrast
• Soybeans_contrast
• Sugar_contrast
• WTI_contrast

If you downloaded my software and wonder about the system settings, a quick overview for the most relevant ones used for this weekly overview:

• Ichimoku time period settings are standard (9,26,52), only strong signals are shown.
• ICHI_CHIKOU_CONFIRM = true (Chikou Span is used as confirmation/ filter for trend).
• ICHI_KUMO_CONFIRM = false (Kumo breakouts have to be higher/lower than last reaction high/low to be valid)
• SIGNAL_REGIME_FILTER = none (all market regime filters are off)
• SIGNAL_EXECUTION_PYRAMID = full (use every signal even if it is already in portfolio)

Below as mentioned the list with the evaluation of the status quo using Ichimoku. The tables also list the last three Strong Ichimoku Signals.

Wish you relaxing Trading!