With this forex trading quick 15 minute video, expert trader and esteemed writer, 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. Drawing upon 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 powerfully illustrates resistance and support lines in an easy to view method and is looked upon as an extension of the widely known candlestick charting system. In fact, this method was developed with 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 using Ichimoku Clouds is an exciting way to trade the market that it will open your mind and change how you approach forex trading as well as other markets. This special forex education video will discuss the 5 central indicators of the Ichimoku system. There is no need for other indicators with Ichimoku because the system is 100% complete. The indicators are as follows:
Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)
When using all 5 of the indicators, a trader can view what has what is occurring, what has occurred and what may just possibly occur for the Vehicle that is being analyzed.
Your video presenter, Manesh Patel, is a trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has published what is already being posted 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, which in 1996 took over as his new career and he now trades for a living full time. Manesh not only instructs the art of forex trading but also is active in the markets and trades all trading instruments except for bonds.
About the Author:
Affinity is a prominent stock and forex educator with online seminars and courses for day trading, scalp trading, intraday trading and Swing Trading. Come visit the Affinity web site today and see how you can become a professional Day Trader.
Tags:
Bonds, Commodities, Day Trading, Economy, Entrepreneur, Futures, Investing, Making Money, Money, Options,
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