On this forex trading video presentation, professional trader and esteemed writer, 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. Following the same strategies that are taught in his 5-Day Forex Lab, 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 demonstrates very clearly support and resistance lines in a simplified form and is considered an extra feature of the very popular 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 with Ichimoku 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. No other indicators are needed with Ichimoku because this system is the total package. The indicators are as follows:
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 see what has occurred in the past, what is currently occurring, and what may occur in the future for the Vehicle that is being analyzed.
Your video presenter, Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, an expert in the Ichimoku Trading System and has written what is already being dubbed as a bestselling book on Ichimoku, “Trading With Ichimoku Clouds.” Mr Patel graduated with a Masters Degree in Engineering. However, his love has been trading the markets. A interest, that in 1996 became his career and he now trades for a living as a full time trader. Manesh not only instructs the art of forex trading but also currently trades all trading instruments except for bonds.
Affinity Trading is an educational proprietary trading firm helping individual traders to learn day trading methods and techniques. See why 13,000+ people like Affinity Day Trading on Facebook.
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