Global Sports: The Forex Trading Week Ahead Using The Ichimoku Indicator

Saturday, January 22, 2011

The Forex Trading Week Ahead Using The Ichimoku Indicator

By Alex Ichimoku


In this brief course video, experienced investor and esteemed writer, Manesh Patel describes currencies for the week forward applying current market circumstances to demonstrate a few of the basics of the Ichimoku Kinko Hyo support and resistance method. Using the same practices that are taught in his 5-Day Fx Lab, he makes use of enlightening and recent informative 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 based strategy that demonstrates very clearly resistance and support levels in a simplified form and is looked upon as an extension of the widely recognized candlestick charting system. Actually, this system was developed with 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 Currency with this system is a style of trading that will reinvent and change the way you approach, examine and also trade the forex as well as other markets (including the stock market. This special educational video will discuss the 5 main indicators of this trend based method. No other indicators are needed with this strategy because it offers the complete 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, an investor can view what has what is occurring, what has occurred and what may just possibly occur for the vehicle that is being analyzed.

Your video presenter, Manesh Patel, is a professional trader with the Affinity Trading Group, an expert in the Ichimoku Trading Technique and has composed what is already being talked about as a best-selling guide on this technique, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. But, his passion has been trading the markets. A love, that became his new career in 1996 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 asset classes except for bonds.




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