"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.
Components of a Trading System.
Chapter 1 Ichimoku Components.
Kumo Cloud Components.
Senkou Span A.
Senkou Span B.
Chapter 2 Ichimoku Trading Plan.
Chapter 3 Ichimoku Backtesting.
EURUSD—A Two–Year Backtest.
Summary—Two Years of Backtesting.
Chapter 4 Post Analysis.
Examining the Backtest Results.
Optimize Trading Plan.
Chapter 5 Ichimoku Strategies.
Ideal Ichimoku Strategy.
Chapter 6 Ichimoku Time Elements.
Ichimoku Time Elements.
Chapter 7 Applied Trader Psychology/Doug Laughlin.
Is It as Easy as Just Being Taught a New System?
The Problem We Have with Getting in Our Own Way.
Is There a Conspiracy Against the Small Trader?
Traders Myth ? Smart People Make the Best Traders.
Losing Trades Are Acceptable.
A Successful System Will Fortify Your Convictions.
Self–Sabotage and How It Applies to Your Trading.
In Summary?Trader Psychology Overall.
Chapter 8 Day Trading with Ichimoku.
Consequences of trading without a Trading Plan
Chapter 9 Conclusion.
Ichimoku Analysis Sheet.
About the Author.