On this video presentation, knowledgeable trader and renowned author, Manesh Patel talks about the forex market for the week forward utilizing latest market conditions to demonstrate a few of the basics of the Ichimoku Kinko Hyo support and resistance method. Using the same methods that are taught in his 5-Day Fx Lab, he utilizes enlightening and recent informative chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.
Ichimoku Kinko Hyo (Pronounced: Ichiii…Mooooo…Kuuuu) is a technical trend based strategy that shows you in a powerful manner resistance and support values in an easy to view manner and is looked upon as an extra feature of the widely known candlestick charting system. In truth, this technique was developed with the idea that at “one glance” you will be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Day Trading Currency using this method is a radical approach to trading that will change the way you look at and trade currencies along with other markets (Stocks, Futures and Commodities). This special educational video will demonstrate the 5 primary indicators of this trend based technique. No other indicators are needed with this technique since it offers the complete package. 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 easily observe what has what is occurring, what has occurred and what may just possibly occur for the instrument that will be traded.
Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, an expert in the Ichimoku Trading Technique and has composed what is already being talked about as a best-selling book on this approach, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. But, his passion has been trading the markets. A interest, that in 1996 became his career and he now trades for a living full time. He not only teaches the art of fx trading but also actively trades all trading instruments except for bonds.
Affinity Trading provides seminars, courses and online trading education for the active scalp, day and swing trader. For those looking to improve their search engine rankings, consider seo consulting services.
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