Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds

by Nicole Elliot

Candlestick charts, although originating in Japan, now play an important role in technical analysis worldwide. Now, for the first time in English, this book presents the next stage of candlestick analysis - Ichimoku Kinko Hyo. Sometimes called Cloud Charts, this analysis adds moving averages to candlestick charts. But moving averages a little different from those traditionally used in the West. For trending markets, Cloud Charts add an essential tool for analysing near-term areas of support and resistance. The book covers the history of candlestick charts - explaining the context in which they developed. And then moves on to explain how in the 1930s a journalist, with the pseudonym Ichimoku Sanjin, started refining candlestick analysis by adding a series of moving averages. The book explains in detail how to construct Cloud Charts and how to interpret them. A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Wave Principle, Price Target and Timespan Principle. The book is illustrated throughout with numerous examples of Cloud Chart analysis. Walk into any Japanese dealing room today and you will see that the most common charts being used are Ichimoku Kinko Clouds. This book presents the definitive explanation of these charts for the first time to a Western audience.

Genres: Finance

152 pages, Hardcover

First published February 1, 2007

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Reviews

[Anthony Dang]

Không nhiều kiến thức lắm. Các bạn có thể tham khảo phương pháp từ traderviet để chi tiết hơn.

[Trung Quan · Rating 4 out of 5]

As the name of the book indicates, it is just an brief introduction to ichimoku charts. The author spends approximately the first one third part of the book to demonstrate basic components of the ichimoku and the rest about other relevant principles. From my perspective, I have not learnt much about ichimoku charts. Warnings to people who intend to read this book, you should have basic understanding about Elliot waves and options trading to find this book more useful than I am.

[David Peirce · Rating 4 out of 5]

More than merely an introduction to Ichimoku. Elliott shows the construction of Ichimoku and then spends most of the second half of the book on the Wave Principle of price movements. There are numerous examples of identifying waves in trending and non-trending markets and then calculating price targets. She does introduce Ichimoku time theory but does not do much with it.

[Warren Mcpherson · Rating 3 out of 5]

A great book to demystify Ichimoku Charts. The construction of the cloud turns out to be relatively simple. The inclusion of analysis is good, but I thought that using Eliot wave and non-standard options might narrow the target audience more than necessary. The analysis does give the impression that the Ichimoku Cloud plays a supporting role much of the time.
The book is short and helpful.

[Ken Lê · Rating 2 out of 5]

Mình thấy sách chỉ giới thiệu sơ lược về các thành phần và một số nguyên lý cơ bản, không có gì đặc biệt. Chỉ nên đọc khi bạn đã hiểu về quyền chọn và sóng Elliot.

[Terry Kim · Rating 3 out of 5]

Not a satisfying book for me.

This books starts quite basic, as indicated by the "Introduction" title of the book however it jumps from very basic to very complicated quite quick with introduction of Waves (I believe these are also different to commonly used Elliott Waves) which got confusing quite quickly. Further chapters set into Options Trading using Ichimoku, which was only explained in a few pages.. and in the end I'm left quite confused (also I don't really trade options so that could be it).

Another confusing fact was that in 'Trading with Ichimoku Clouds' - Manesh Patel (which was a pretty good in my opinion) thickening Clouds represent increased probability of a reversal, where in this book it is written as the opposite. Where thinning clouds represent a chance of reversal. So I'm not really sure why they're different between the authors.

This book is very short and has both extremes of basic and advanced in short pages.