Monday, November 8, 2010

This Week In Forex Trading Using Ichimoku Analysis

By Scott Walker

With this forex trading quick video, experienced trader and esteemed author, 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. Using the same strategies that are explained in his forex trading lab, Manesh uses informative and recent educational chart examples to discuss how an Ichimoku trader would enter and exit their trades.



Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical based system that powerfully illustrates resistance and support levels in a simplified form and is looked upon as an add on of the widely recognized candlestick charting system. In fact, this system was built 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 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 outline the five main indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because it offers the complete package. 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 happened in the past, what is currently happening, and what may happen in the future for the instrument that is being analyzed.

Manesh Patel, is a professional trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has authored what is already being dubbed as a bestselling book on Ichimoku, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his interest has been trading the markets. A interest, that in 1996 became his career and he now is a full time trader trading for a living. Manesh not only instructs the art of forex trading but also currently trades all trading instruments except for bonds.

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