Forex Trading Analysis For The Week Ahead Using Ichimoku Clouds

With this forex trading quick video, experienced trader and esteemed author, Manesh Patel discusses 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. Using the same strategies that are provided to his forex trading students, Manesh uses informative and recent educational chart examples to display how an Ichimoku forex trader would base their entries and exits.



Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical based system that shows you in a powerful manner resistance and support levels in a simplified method and is considered an addition of the well 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 a style of trading that will revolutionize and change how you approach, analyze and trade the currency market and other markets as well such as the stock market. This special forex education video will explain the 5 central indicators of the Ichimoku system. You will not need to use any other indicators with Ichimoku because it offers the complete package. 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, a trader can view what has happened, what is happening and what could possibly happen for the instrument that will be traded.

Your video presenter, Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, experienced in the Ichimoku Trading System and has authored what is already being considered as a bestselling book on Ichimoku, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his interest has been trading the markets. A love, that in 1996 became his career and he now trades for a living full time. Manesh not only instructs the art of forex trading but also currently trades all asset classes except for bonds.