Ichimoku Forex Trading Analysis For The Week Ahead
With this forex trading quick 15 minute video, experienced 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 discuss how an Ichimoku trader would enter and exit their trades.
Ichimoku Kinko Hyo is a technical trend based system that graphically illustrates support and resistance areas in an easy to view manner and is thought of as an add on of the widely recognized candlestick charting system. In fact, this system was created based 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 using Ichimoku Clouds 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 teach the 5 primary indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because the system is 100% complete. Here are the indicators:
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 view what has what is occurring, what has occurred and what may just possibly occur for the Vehicle that is being analyzed.
Your teacher, Manesh Patel, is a trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has published 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 in the markets. A interest, which in 1996 took over as his new career and he now is a full time trader trading for a living. Manesh not only teaches the art of forex trading but also currently trades all trading instruments except for bonds.
Affinity Trading Group is a Trading Firm providing Online Stock Trading to those seeking a trading career. Visit their site to see why they are on of the top Prop Trading Firms.