Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis
Filled with in-depth insights and expert advice, Trading with Ichimoku Clouds will help you implement a proven strategy designed to capture trends that maximize profits and minimize losses. Furthermore, the user will be taken step by step through the entire decision-making process of trading an instrument for two years (back test).
Ichimoku Kinko Hyo is a technical system that illustrates support and resistance values in a simplified form and is considered an extension of the very popular candlestick charting system. In fact, the system was built on the idea that at “one glance” you should be able to determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending).
Introduction:
This book brings the next phrase of Japanese technical analysis to the Western world, Ichimoku Kinko Hyo.” Ichimoku Kinko Ryo is a system that has been used successfully throughout Japan for years but never has progressed forward in the Western world. If a trader combines Japanese Candles with Ichimoku Kinko Byo, a powerful system is available to him or her.
In fact, it increases the probability of trading drastically and can be evidenced by trading in a “paper” account after reading this book Japanese Candlesticks will not be discussed further in this book and any additional infomlation regarding this topic is available through Steve Nison’s books and training seminars.
In this book, we are not going to discuss the history of lchimoku Kinko Hyo in great detail. Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds from Nicole Elliott is the best place to discover the origin of the Ichimoku Kinko Hyo System. It goes through details on how Goichi Hosada discovered Ichimoku Rinko Byo in 1948 to Hidenobu Sasaki, the person who wrote a book about Ichimoku Kinko Hyo in Japanese.
It is not important for us to learn how he created the system to use it. It is important for us to learn the system and know how to use it to become a successful trader. Therefore, we will not focus on this topic at all.
Contents:
- Ichlmoku Components
- Ichlmoku Trading Plan
- Ichlmoku Backtesting
- Post Analysis
- Ichlmoku Strategies
- Ichlmoku Time Elements
- Applied Trader Psychology Doug Laughlin
- Day Trading with Ichlmoku