In this brief forex trading video, expert trader and esteemed publisher, Manesh Patel explains 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 discuss how an Ichimoku trader would enter and exit their trades.
Ichimoku Kinko Hyo (Pronounced: Ichiii…Mooooo…Kuuuu) is a technical trend based system that powerfully illustrates support and resistance areas in an easy to view manner and is thought of as an add on of the very popular candlestick charting system. In fact, this method was built 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 Ichimoku is a style of trading that will revolutionize and change how you approach, analyze and trade the currency market and other markets as well such as the stock market. This special forex education video will instruct the 5 important indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because it offers the complete package. Below are the indicators:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
When using all 5 of the indicators, a trader can view what has what is occurring, what has occurred and what may just possibly occur for the instrument that will be traded.
Your video presenter, Manesh Patel, is a trader with the Affinity Trading Group, experienced in the Ichimoku Trading System and has published what is already being talked about as a bestselling book on Ichimoku, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. However, his love has been trading the markets. A love, which in 1996 took over as his new career and he now trades for a living full time. Manesh not only teaches the art of forex trading but also is active in the markets and trades all asset classes except for bonds.
Affinity Trading is a Day Trading Firm providing seminars and courses for those wanting a career in trading. Attending one of their trading seminars may improve your trading performance and enhance your overall results.