Saturday, May 14, 2011

Ichimoku Currency Trading Analysis For The Week

By Melvin Astor


With this quick video, professional investor and prestigious writer, Manesh Patel explains currency trading for the week ahead making use of existing market conditions to demonstrate several of the essentials of the Ichimoku Kinko Hyo support and resistance method. Following the same approaches that are taught in his 5-Day Fx Lab, he employs helpful and recent educative chart illustrations to discuss how an Ichimoku fx trader would enter and exit their trades.

Ichimoku Kinko Hyo is a technical based technique that demonstrates very clearly resistance and support levels in an easy to view form and is looked upon as an extra feature of the widely recognized candlestick charting system. In fact, this technique was built on the idea that at "one glance" you ought to be able to easily evaluate if an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Daytrading Currency using this method is a style of trading that will transform and alter how you approach, evaluate as well as trade the currency market along with other markets (including the stock market. This unique educational video will teach the five primary indicators of this trend based strategy. There is no need for other indicators with this methodology for the reason that the system is 100% complete. Here 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, an investor can easily see what has what is occurring, what has occurred and what may just possibly occur for the vehicle that is being analyzed.

Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, an expert in the Ichimoku Trading Method and has written what is already being posted as a bestselling guide on this method, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. But, his passion has been trading the markets. A passion, 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 currency trading but also currently trades all asset classes except for bonds.




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