Forex Trading With The Ichimoku Kinko Hyo Indicator
In this brief 15 minute Forex Trading course video, professional trader and esteemed publisher, Manesh Patel explains you the basics of trading with Ichimoku Clouds. Following the same strategies that are taught in his 5-Day Forex Lab, Manesh uses informative and educational chart examples to show how Ichimoku helps the Forex Trader pinpoint where to enter and exit a trade.
Ichimoku Kinko Hyo (Pronounced: Ichiii…Mooooo…Kuuuu) is a technical trend based system that shows you in a powerful manner support and resistance lines in a simplified method and is looked upon as an add on of the well known candlestick charting system. In fact, this system was invented 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 discuss the five important indicators of the Ichimoku system. You will not need to use any other indicators with Ichimoku because this system is the total package. Here are the indicators:
- Tenkan Sen (red)
- Kijun Sen (green)
- Chikou Span (light purple)
- Senkou A (dark blue)
- Senkou B (white)
In using these five indicators, a trader can witness what has happened in the past, what is currently happening, and what may happen in the future for the instrument that they are about to trade.
Your teacher, Manesh Patel, is a trader with the Affinity Trading Group, an expert in the Ichimoku Trading System and has written 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 love has always been trading. A interest, that became his new career in 1996 and he now trades for a living as a full time trader. Manesh not only instructs the art of forex trading but is also actively|currently trades all trading instruments except for bonds.
