In this short trading course video, expert investor and prestigious writer, Manesh Patel discusses the foreign exchange market for the week forward making use of latest market conditions to demonstrate some of the fundamentals of the Ichimoku Kinko Hyo support and resistance method. Drawing upon the same techniques which are taught in his 5-Day Lab, Manesh utilizes useful and recent educative chart examples to demonstrate how to enter and exit your trend trades.
What precisely is Ichimoku? It happens to be a trend based technical method which is effective for any financial instrument in the market today. If you can chart it, you can buy and sell it working with this trend based system. Our saying is "Any Instrument, Any Time frame, & No Expiration".
The charting method of Ichimoku was designed by a Japanese newspaper gentleman known as Goichi Hosoda. He commenced building this process before World War 2 along with the help of numerous students that he retained to perform via the optimum formulas and examples - similar to how we could use computer simulated back testing currently to test a investing technique. The method by itself was lastly introduced to the consumer in 1968, after more than 20 years of assessing, when Mr. Hosoda released his publication which bundled the final edition of the method (Japanese only).
This currency trading system has been implemented substantially in Asian trading rooms since Hosoda revealed his book and has been employed successfully to trade foreign currencies, commodities, futures, in addition to stocks. Even with this kind of crazy recognition in Asia, it did not make its appearance in the West until the 1990s and then, attributed to the full lack of information in English about exactly how to incorporate it, it was generally relegated to the classification of yet another "exotic" indicator by the general trading public. Only now, in the early 21st century, are western investors truly commencing to realize the power of this charting technique. The key strength of the system is precisely how it simplifies investing. With the graphical picture of the technique, a investor may effortlessly discover if an instrument is trending or in a consolidation pattern. No other signals are actually required with Ichimoku due to the fact it delivers the total package. Inside of the strategy, there are 5 key indicators. They are as follows:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
When using all 5 of the indicators, an investor can easily see what has what is occurring, what has occurred and what may just possibly occur for the instrument that is being analyzed.
Your teacher, Manesh Patel, is a professional trader with the Affinity Trading Group, an expert in the Ichimoku Trading Technique and has created what is already being deemed as a bestselling book on Ichimoku, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his passion has always been in 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 instructs the art of forex trading but also actively trades all asset classes except for bonds.
What precisely is Ichimoku? It happens to be a trend based technical method which is effective for any financial instrument in the market today. If you can chart it, you can buy and sell it working with this trend based system. Our saying is "Any Instrument, Any Time frame, & No Expiration".
The charting method of Ichimoku was designed by a Japanese newspaper gentleman known as Goichi Hosoda. He commenced building this process before World War 2 along with the help of numerous students that he retained to perform via the optimum formulas and examples - similar to how we could use computer simulated back testing currently to test a investing technique. The method by itself was lastly introduced to the consumer in 1968, after more than 20 years of assessing, when Mr. Hosoda released his publication which bundled the final edition of the method (Japanese only).
This currency trading system has been implemented substantially in Asian trading rooms since Hosoda revealed his book and has been employed successfully to trade foreign currencies, commodities, futures, in addition to stocks. Even with this kind of crazy recognition in Asia, it did not make its appearance in the West until the 1990s and then, attributed to the full lack of information in English about exactly how to incorporate it, it was generally relegated to the classification of yet another "exotic" indicator by the general trading public. Only now, in the early 21st century, are western investors truly commencing to realize the power of this charting technique. The key strength of the system is precisely how it simplifies investing. With the graphical picture of the technique, a investor may effortlessly discover if an instrument is trending or in a consolidation pattern. No other signals are actually required with Ichimoku due to the fact it delivers the total package. Inside of the strategy, there are 5 key indicators. They are as follows:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
When using all 5 of the indicators, an investor can easily see what has what is occurring, what has occurred and what may just possibly occur for the instrument that is being analyzed.
Your teacher, Manesh Patel, is a professional trader with the Affinity Trading Group, an expert in the Ichimoku Trading Technique and has created what is already being deemed as a bestselling book on Ichimoku, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his passion has always been in 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 instructs the art of forex trading but also actively trades all asset classes except for bonds.
About the Author:
Affinity Trading Group is a firm providing both stock and forex trading education. See how their trading training can help you become a better trader.
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