Global Sports: Ichimoku Fx Trading Analysis For The Week

Thursday, June 2, 2011

Ichimoku Fx Trading Analysis For The Week

By Agatha Baldwin


In this brief course video, professional investor and esteemed writer, Manesh Patel talks about the forex market for the week forward employing present market circumstances to demonstrate some of the fundamentals of the Ichimoku Kinko Hyo support and resistance technique. Using the same techniques that are taught to his forex traders, he utilizes informative and current educative chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.



Ichimoku Kinko Hyo is a technical based strategy that graphically illustrates resistance and support values in an easy to view method and is thought of as an addition of the well known candlestick charting system. Actually, this system was invented on the idea that at "one glance" you should be in a position to easily detect whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Day Trading Currency using this method is a progressive way of investing that will change the way you look at and trade currencies and also other markets (Stocks, Futures and Commodities). This unique educational video will outline the five main indicators of this trend based technique. No other indicators are needed with this strategy since this system is the total package. The indicators are noted below:

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 easily see what has occurred in the past, what is currently occurring, and what may occur in the future for the vehicle that is being analyzed.

Your video presenter, Manesh Patel, is a professional trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has written what is already being considered as a bestselling guide on this method, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. But, his love has always been trading. A interest, which in 1996 took over as his new career and he now trades for a living full time. He not only instructs the art of fx trading but also actively trades all asset classes except for bonds.




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