Analysis Of The Forex Markets Using Ichimoku
On this forex trading video presentation, expert trader and esteemed writer, Manesh Patel shows 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 show how Ichimoku helps pinpoint where to enter and exit a trade.
Ichimoku Kinko Hyo (Pronounced: Ichiii…Mooooo…Kuuuu) is a technical based system that graphically illustrates resistance and support areas in a simplified form and is considered an add on of the widely recognized candlestick charting system. In fact, this method 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 Forex with the Ichimoku system is a revolutionary approach to trading that will change the way you look at and trade the Forex Market as well as other markets (Stocks, Futures and Commodities). This special forex education video will discuss the 5 central 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)
By using those 5 indicators, a trader can see what has occurred in the past, what is currently occurring, and what may occur in the future for the Vehicle that will be traded.
Your teacher, Manesh Patel, is a trader with the Affinity Trading Group, an expert 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 interest has always been trading. A interest, that in 1996 became his career and he now trades for a living as a full time trader. Manesh not only instructs the art of forex trading but also currently trades all trading instruments except for bonds.
Affinity is a leader in Online Day Trading Education with online seminars and courses that also cover scalp trading, intraday trading and swing trading. Affinity is most know for their day trading courses that range from 2-day online courses to live hands on 5-day trading labs.