October 22, 2010
Ichimoku Forex Trading Analysis For The Week
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 taught to his forex traders, Manesh uses informative and recent educational chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.
[youtube:a3nFmijMXck?fs=1;[link:Day Trading Forex With Ichimoku];http://www.youtube.com/watch?v=a3nFmijMXck?fs=1&feature=related]
Ichimoku Kinko Hyo is a technical trend based system that demonstrates very clearly support and resistance values in an easy to view method and is considered an addition of the well known 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 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 teach the five central indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because it is a 100% complete program for trading. The indicators are noted below:
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 see what has happened, what is happening and what could possibly happen for the instrument that they are about to trade.
Manesh Patel, is a professional 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 love has always been in the markets. A love, that became his new career in 1996 and he now trades for a living full time. Manesh not only instructs the art of forex trading but also is active in the markets and trades all asset classes except for bonds.
Affinity Trading Group is a Trading Firm providing Online Stock Trading to those seeking a trading career. Affinity Trading provides Day Trading Stocks education for those seeking to become professional Day Traders.
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