Global Sports: Ichimoku Forex Trading Analysis For The Week

Saturday, October 30, 2010

Ichimoku Forex Trading Analysis For The Week

By Scott Walker

With this forex trading quick video, professional trader and esteemed author, Manesh Patel discusses 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. Using the same strategies that are taught in his 5-Day Forex Lab, Manesh uses informative and recent educational chart examples to illustrate how to enter and exit your forex trades.



Ichimoku Kinko Hyo is a technical trend based system that powerfully illustrates resistance and support levels in a simplified method and is considered an extension 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 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 instruct the 5 important indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because this system is complete as is. 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, a trader can see what has what is occurring, what has occurred and what may just possibly occur for the instrument that will be traded.

Manesh Patel, is a trader with the Affinity Trading Group, experienced in the Ichimoku Trading System and has authored 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 passion has been trading the markets. A love, that in 1996 became his career and he now trades for a living full time. Manesh not only instructs the art of forex trading but also actively trades all asset classes except for bonds.

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