Fx Trading Analysis Using Ichimoku Clouds
On this video presentation, knowledgeable trader and renowned author, Manesh Patel discusses the foreign exchange market for the week ahead making use of current market situations to show some of the fundamentals of the Ichimoku Kinko Hyo support and resistance system. Drawing upon the same approaches which are provided to his currency trading students, he employs enlightening and recent informative chart illustrations to show how Ichimoku helps pinpoint where to enter and exit a trade.
Ichimoku Kinko Hyo is a technical trend based technique that graphically illustrates support and resistance levels in a simplified form and is considered an addition of the well known candlestick charting system. In fact, this technique was developed with the idea that at “one glance” you will be in a position to easily evaluate if an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Daytrading Currency with this system is a revolutionary method of trading that will change the way you look at and trade forex as well as other markets (Stocks, Futures and Commodities). This specialized educational video will instruct the 5 main indicators of this trend based system. You will not need to use any other indicators with this method because this system is the total package. The indicators are as follows:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
Using all five of these indicators, an investor can see what has happened in the past, what is currently happening, and what may happen in the future for the vehicle that will be traded.
Manesh Patel, is an instructor and trader with the Affinity Trading Group, an expert in the Ichimoku Trading Strategy and has developed what is already being dubbed as a best-selling guide on this method, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. However, his love has always been in the markets. A love, that in 1996 became his career and he now is a full time trader trading for a living. He not only instructs the art of currency trading but also currently trades all trading instruments except for bonds.
Affinity Trading Group is a firm providing both stock and forex trading education. Visit their site today for more information about their day trading courses.