With this forex trading quick video, expert trader and esteemed publisher, Manesh Patel explains 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 explained in his forex trading lab, Manesh uses informative and recent educational 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 system that shows you in a powerful manner support and resistance values in a simplified manner 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 with the Ichimoku system 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 demonstrate the 5 central indicators of the Ichimoku system. You will not need to use any other indicators with Ichimoku because 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)
In using these five indicators, a trader can see what has happened in the past, what is currently happening, and what may happen in the future for the instrument that will be traded.
Your video presenter, Manesh Patel, is a trader with the Affinity Trading Group, a professional 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. But, his love has been trading the markets. A interest, which in 1996 took over as his new career and he now trades for a living as a full time trader. Manesh not only instructs the art of forex trading but also currently trades all asset classes except for bonds.
Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that shows you in a powerful manner support and resistance values in a simplified manner 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 with the Ichimoku system 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 demonstrate the 5 central indicators of the Ichimoku system. You will not need to use any other indicators with Ichimoku because 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)
In using these five indicators, a trader can see what has happened in the past, what is currently happening, and what may happen in the future for the instrument that will be traded.
Your video presenter, Manesh Patel, is a trader with the Affinity Trading Group, a professional 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. But, his love has been trading the markets. A interest, which in 1996 took over as his new career and he now trades for a living as a full time trader. Manesh not only instructs the art of forex trading but also currently trades all asset classes except for bonds.
About the Author:
Affinity is an Online Stock Trading and Proprietary Trading Firm providing trading education and trading services to both experienced and beginning traders. Affinity Trading provides extensive and hands-on live daytrader education for those seeking to become professionals in day trading.
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