| Trading Forex Using Ichimoku Clouds |
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| Written by Manesh Patel |
| Tuesday, 07 September 2010 19:29 |
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With this forex trading course quick 15 minute video, experienced trader and esteemed writer, Manesh Patel discusses you the foundation of the Ichimoku trend based forex trading system. Following the same strategies that are explained in his forex trading lab, Manesh uses informative and educational chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.
In this brief 15 minute forex trading course video, expert trader and esteemed writer, Manesh Patel discusses you the foundation 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 educational chart examples to display how an Ichimoku forex trader would base their entries and exits. Ichimoku Kinko Hyo is a technical based system that shows you in a powerful manner support and resistance lines in a simplified manner and is thought of as an extension of the very popular 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 with Ichimoku 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 demonstrate the five important indicators of the Ichimoku system. No other indicators are needed with Ichimoku because it is a 100% complete program for trading. 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 witness what has occurred in the past, what is currently occurring, and what may occur in the future for the instrument that they are about to trade. Manesh Patel, is an instructor and trader with the Affinity Trading Group, experienced 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 passion has been trading the markets. A love, which in 1996 took over as his new career and he now is a full time trader trading for a living. Manesh not only instructs the art of forex trading but also is active in the markets and trades all trading instruments except for bonds. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Manesh is a Forex Trader for the Affinity Trading Group. Affinity offers day trading forex, stocks classes and services. |