Thursday, November 4, 2010

The Forex Trading Week Ahead Using The Ichimoku Indicator

By Scott Walker

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 in his 5-Day Forex 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 powerfully illustrates support and resistance levels in a simplified manner and is considered an add on of the well known candlestick charting system. In fact, this method was created based 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 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 outline the five central indicators of the Ichimoku system. You will not need to use any other indicators with Ichimoku because it is a 100% complete program for trading. Here 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 view what has happened in the past, what is currently happening, and what may happen in the future for the Vehicle that is being analyzed.

Your teacher, Manesh Patel, is an instructor and trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has written 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 love has always been trading. A love, that in 1996 became his career and he now trades for a living full time. Manesh not only teaches the art of forex trading but also actively trades all trading instruments except for bonds. - 42634

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