By Alex Ichimoku


In this brief course video, knowledgeable investor and prestigious publisher, Manesh Patel shows the foreign exchange market for the week forward employing present market conditions to show some of the basics of the Ichimoku Kinko Hyo support and resistance technique. Drawing upon the same approaches that are taught in his 5-Day Fx Lab, he uses beneficial and current educative chart illustrations to illustrate how to enter and exit your currency trades.



Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical based strategy that demonstrates very clearly support and resistance levels in a simplified method and is looked upon as an add on of the widely known candlestick charting system. The fact is, this system was invented on the idea that at "one glance" you will be in a position to easily evaluate if an instrument is in equilibrium (consolidation) or out of equilibrium (trending).

Daytrading Forex with this style is a revolutionary approach to trading that will change the way you look at and trade currencies along with other markets (Stocks, Futures and Commodities). This specialized educational video will outline the 5 important indicators of this trend based strategy. You will not need to use any other indicators with this technique for the reason that this system is complete as is. The indicators are noted below:

Tenkan Sen (red), Kijun Sen (green), Chikou Span (light purple), Senkou A (dark blue), Senkou B (white)

Using all five of these indicators, a trader can witness what has happened, what is happening and what could possibly happen for the instrument that is being analyzed.

Manesh Patel, is a professional proprietary trader with the Affinity Trading Group, a professional in the Ichimoku Trading System and has published what is already being considered as a bestselling book on this strategy, "Trading With Ichimoku Clouds." Mr Patel graduated with a Masters Degree in Engineering. However, his interest has been trading the markets. A love, which in 1996 took over as his new career and he now is a full time trader trading for a living. He not only instructs the art of forex trading but also actively trades all asset classes except for bonds.




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