This Weeks Ichimoku Currency Trading Assessment

By Melvin Astor


In this brief course video, experienced investor and well-regarded author, Manesh Patel explains the forex market for the week forward employing current market circumstances to show several of the essentials of the Ichimoku Kinko Hyo support and resistance method. Drawing upon the same strategies that are taught in his 5-Day Fx Lab, he makes use of enlightening and recent educative chart examples to show how Ichimoku helps pinpoint where to enter and exit a trade.

Ichimoku Kinko Hyo is a technical based technique that shows you in a powerful manner support and resistance values in a simplified form and is considered an extension of the well known candlestick charting system. In truth, this approach was invented 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).

Daytrading Currency with this system is an interesting approach to trade the market that it will open your mind and change the way you approach currency trading along with other markets. This special educational video will explain the 5 main indicators of this trend based strategy. There is no need for other indicators with this approach for the reason that this system is complete as is. The indicators are as follows:

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 view what has what is occurring, what has occurred and what may just possibly occur for the vehicle that will be traded.

Your video presenter, Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, experienced in the Ichimoku Trading Strategy and has authored what is already being dubbed as a best-selling guide on this method, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his love has always been in the markets. A love, which in 1996 took over as his new career and he now trades for a living as a full time trader. He not only instructs the art of fx trading but also currently trades all trading instruments except for bonds.




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