Ichimoku Charts: An introduction to Ichimoku Kinko Clouds

$17.26

  • Format: PDF
  • Pages: 153
  • Published Date: 2007
Category:

Description

Ichimoku Charts covers the history of candlestick charts – explaining the context in which they developed. It then moves on to explain how in the 1940s and 1950s a journalist, with the pseudonym Ichimoku Sanjin, started refining candlestick analysis by adding a series of moving averages. The book explains in detail how to construct Cloud charts and how to interpret them. A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Principles: Wave Principle, Price Target and Timespan Principle. The book is illustrated throughout with numerous examples of Cloud chart analysis.

Introduction:

The book has been written for existing users of candlestick charts who want to extend their knowledge and techniques to include Ichimoku Cloud charts. As such, some knowledge of technical analysis is assumed, especially a knowledge of candlesticks (although a brief primer on candlesticks is also included in the book’s appendix).

Candlestick charts, although originating in Japan, now play an important role in technical analysis worldwide. Now, for the first time in English, this book presents the next stage of candlestick analysis – Ichimoku Kinko Hyo. Sometimes called Cloud Charts, this analysis adds moving averages to candlestick charts. But moving averages a little different from those traditionally used in the West.

For trending markets, Cloud Charts add an essential tool for analysing near-term areas of support and resistance. The book covers the history of candlestick charts – explaining the context in which they developed. And then moves on to explain how in the 1930s a journalist, with the pseudonym Ichimoku Sanjin, started refining candlestick analysis by adding a series of moving averages. The book explains in detail how to construct Cloud Charts and how to interpret them.

A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Principles: Wave Principle, Price Target and Timespan Principle. The book is illustrated throughout with numerous examples of Cloud Chart analysis. Walk into any Japanese dealing room today and you will see that the most common charts being used are Ichimoku Kinko Clouds. This book presents the definitive explanation of these charts for the first time to a Western audience.

Contents:

  • Constructing the Cloud Charts
  • Interpretation of the Clouds
  • The Three Principles
  • Case Studies
  • Option Trading with Clouds