The essential guide to today's hottest technical indicator-the Ichimoku Kinko Hyo cloud chart
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).
Written in a straightforward and accessible style, Trading with Ichimoku Clouds offers a solid foundation in this discipline as well as its technical strategies. It shows you how to create and implement a trading plan based on this approach that can easily be tailored to your trading style.
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).
MANESH PATEL, CTA, is the President of EII Capital Group, a financial company that offers a variety of services, including money management, consulting, and trading. He is a technical trader whose technical foundation is built around a Japanese trend trading system called Ichimoku Kinko Hyo. With Ichimoku Kinko Hyo, Patel trades the following instruments: currencies, futures, options, stocks, and commodities. He is actively involved in Ichimoku trading and runs and , which has 125,000 subscribers and is ranked 260 among active Forex Web sites. Patel is a member of the National Futures Association (NFA) and received his master's in engineering from Georgia Institute of Technology.
Praise for TRADING WITH ICHIMOKU CLOUDS "The 'buy and hold' investment strategy is a thing of the past. We are now in a 'buy and protect' market which means, if you are not using technical analysis as a risk management tool, then you are leaving out the most important part of your investment plan. Learn this information, use it for profit, then teach it to the world." -- AJ Monte , CMT, Chief Market Strategist, The Market Guys " Trading with Ichimoku Clouds is for those traders looking to learn a specific trading style that incorporates a trading plan based on specific rules. This book is direct and to the point. It gives the reader an inside look into a trading system that can be applied to all markets--stocks, futures, and especially Forex. Excellent work!" -- John Person , founder, NationalFutures.com The technical trading system called Ichimoku Kinko Hyo--Ichimoku Clouds--is seen by many as the next evolution of the candlestick method. Long a favorite in Japan, Ichimoku Clouds is now gaining an avid following in the United States and around the world. Now, Manesh Patel--one of the pioneering U.S. practitioners of Ichimoku trading and administrator of ichimoku.net--offers a detailed look at this proven approach as well as its technical strategies. Chapter by chapter, Patel explains how Ichimoku trading works, and how you can create and implement a trading plan based on this discipline that can easily be tailored to your trading style.
Praise for TRADING WITH ICHIMOKU CLOUDS "The buy and hold investment strategy is a thing of the past. We are now in a buy and protect market which means, if you are not using technical analysis as a risk management tool, then you are leaving out the most important part of your investment plan. Learn this information, use it for profit, then teach it to the world." -- AJ Monte , CMT, Chief Market Strategist, The Market Guys " Trading with Ichimoku Clouds is for those traders looking to learn a specific trading style that incorporates a trading plan based on specific rules. This book is direct and to the point. It gives the reader an inside look into a trading system that can be applied to all markets--stocks, futures, and especially Forex. Excellent work!" -- John Person , founder, NationalFutures.com The technical trading system called Ichimoku Kinko Hyo--Ichimoku Clouds--is seen by many as the next evolution of the candlestick method. Long a favorite in Japan, Ichimoku Clouds is now gaining an avid following in the United States and around the world. Now, Manesh Patel--one of the pioneering U.S. practitioners of Ichimoku trading and administrator of ichimoku.net--offers a detailed look at this proven approach as well as its technical strategies. Chapter by chapter, Patel explains how Ichimoku trading works, and how you can create and implement a trading plan based on this discipline that can easily be tailored to your trading style.
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