With this quick video, professional investor and prestigious writer, Manesh Patel describes currencies for the week forward employing existing market conditions to show some of the fundamentals of the Ichimoku Kinko Hyo support and resistance technique. Drawing upon the same methods which are explained in his fx trading lab, he utilizes enlightening and recent educative chart illustrations to display how an Ichimoku forex trader would base their entries and exits.
Ichimoku Kinko Hyo is a technical based technique that graphically illustrates support and resistance lines in an easy to view manner and is considered an addition of the very popular candlestick charting system. Actually, this approach was created based on the idea that at "one glance" you will be able to easily see whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Daytrading Forex with this system is an interesting strategy to trade the market that it will open your mind and change the way you approach forex trading along with other markets. This specialized educational video will explain the 5 important indicators of this trend based system. You will not need to use any other indicators with this approach since it is a 100% complete program for trading. Below are the indicators:
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 witness what has happened, what is happening and what could possibly happen for the instrument that will be traded.
Your teacher, Manesh Patel, is an instructor and trader with the Affinity Trading Group, an expert in the Ichimoku Trading Method and has written what is already being considered as a bestselling guide on this strategy, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his love has always been in the markets. A passion, that became his new career in 1996 and he now trades for a living full time. He not only instructs the art of fx trading but also currently trades all asset classes except for bonds.
Ichimoku Kinko Hyo is a technical based technique that graphically illustrates support and resistance lines in an easy to view manner and is considered an addition of the very popular candlestick charting system. Actually, this approach was created based on the idea that at "one glance" you will be able to easily see whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Daytrading Forex with this system is an interesting strategy to trade the market that it will open your mind and change the way you approach forex trading along with other markets. This specialized educational video will explain the 5 important indicators of this trend based system. You will not need to use any other indicators with this approach since it is a 100% complete program for trading. Below are the indicators:
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 witness what has happened, what is happening and what could possibly happen for the instrument that will be traded.
Your teacher, Manesh Patel, is an instructor and trader with the Affinity Trading Group, an expert in the Ichimoku Trading Method and has written what is already being considered as a bestselling guide on this strategy, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his love has always been in the markets. A passion, that became his new career in 1996 and he now trades for a living full time. He not only instructs the art of fx trading but also currently trades all asset classes except for bonds.
About the Author:
Affinity Trading is a trading firm providing the best stock and forex course for those wanting a professional trading career. Visit and see how their trading coach can improve your results.
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