Forex Trading Analysis Using Ichimoku Clouds
With this forex trading quick video, professional trader and esteemed writer, Manesh Patel shows the forex market for the week ahead using current market conditions to demonstrate some of the basics of the Ichimoku Kinko Hyo support and resistance system. Drawing upon the same strategies that are explained in his forex trading lab, Manesh uses informative and recent educational chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.
Ichimoku Kinko Hyo (Pronounced: Ichiii…Mooooo…Kuuuu) is a technical trend based system that powerfully illustrates resistance and support lines in a simplified manner and is considered an extra feature of the very popular candlestick charting system. In fact, this system was invented on the idea that at “one glance” you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Day Trading Forex with the Ichimoku system is an exciting way to trade the market that it will open your mind and change how you approach forex trading as well as other markets. This special forex education video will discuss the 5 main indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because this system is the total package. The indicators are noted below:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
Using all five of these indicators, a trader can view what has what is occurring, what has occurred and what may just possibly occur for the instrument that is being analyzed.
Manesh Patel, is an instructor and trader with the Affinity Trading Group, experienced in the Ichimoku Trading System and has written what is already being considered as a bestselling book on Ichimoku, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. But, his passion has always been in the markets. A passion, that became his new career in 1996 and he now trades for a living full time. Manesh not only teaches the art of forex trading but also actively trades all trading instruments except for bonds.
Affinity trading is a leader in Day Trading Online Education. They train both experienced and new traders to trade the firms capital or be a self directed trader. In addition to day trading courses, Affinity also offers a high frequency trading program. Visit the website today for more info.
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