The essential guide to today's hottest technical indicator-the Ichimoku Kinko Hyo cloud chartIchimoku 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.First available U.S. publication on this hot trading trend Reveals how Ichimoku Clouds work in both bullish and bearish markets Highlights how these strategies can easily be adopted for stocks, futures, bonds, and other vehicles Works with all timeframes and all tradable instruments 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).
It's really a good book about ichimoku there is an interesting information about ichimoku indicators and how to forecast the price with this helpful system
I love Wiley books and my curiosity to understand ichimoku kinko hyo has been sufficiently satisfied with this book.
My only peeve was that paragraphs describing its respective charts were not beside one another. It would have been easier to read and reference charts with its corresponding paragraphs side by side.
It is a medium length book designed specifically to teach Ichimoku clouds. The second last chapter also covered on trading psychology making it almost a complete book on becoming a full trader. It does not cover on topics like candlesticks, chart patterns, etc. Only Ichimoku Cloud, which is what I need to learn.
Now, I am more confident interpreting Ichimoku clouds and do not feel so lost anymore.
I've always wondered what these complicated clouds meant and grabbed this book yesterday. After reading through explanation on these complicated lines and clouds, in the end once you understand them it is quite a simple strategy.
This book reminds me of 'Following the Trend - Andreas F. Clenow' where trades (backtest on this book) are broken down in fine details to explain how the strategy works in a live environment. It has tons of charts that are very helpful and authors writing is simple to understand.
I've picked up this book and read it in one day (about 8 hours of reading). This is a very cool looking strategy, a cool looking indicator that is very similar to trend following strategies. I'm not really sure if how profitable this strategy would be in current market environment, but eager to test it.
Good read for swing traders, investors and with trend/breakout traders.