Currency Trading Analysis Using Ichimoku Clouds
In this brief forex trading course video, skilled trader and esteemed publisher, Manesh Patel discusses the forex market for the week ahead applying present market situations to show some of the fundamentals of the Ichimoku Kinko Hyo support and resistance method. Using the same methods that are provided to his currency trading students, Manesh employs informative and current educational chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.
[youtube:byh4oYXtb4k?fs=1;[link:Forex Trading With Ichimoku Kinko Hyo];http://www.youtube.com/watch?v=byh4oYXtb4k?fs=1&feature=related]
Ichimoku Kinko Hyo is a technical based technique that shows you in a powerful manner support and resistance lines in a simplified method and is thought of as an extension of the widely known candlestick charting system. In truth, this approach was created based on the idea that at “one glance” you ought to be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Day Trading Fx with Ichimoku 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 educational video will discuss the five important indicators of this trend based strategy. There is no need for other indicators with Ichimoku since 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)
By using those 5 indicators, a trader can witness what has happened, what is happening and what could possibly happen for the vehicle that they are about to trade.
Your teacher, Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, a professional in the Ichimoku Trading Method and has developed what is already being dubbed as a bestselling book on Ichimoku, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. But, his interest has always been trading. A interest, that became his new career in 1996 and he now is a full time trader trading for a living. Manesh not only instructs the art of currency trading but also actively trades all asset classes except for bonds.
Affinity Trading is best known for their online day trading education, courses, seminars and proprietary trading. Attending one of their trading seminars may improve your trading performance and enhance your overall results.