Forex Ichimoku Trading Strategy

Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.

Sunday, 3 April 2011

Ichimoku in Brief

The real name of Ichimoku is Ichimoku Kinko Hyo. A trend trading system developed by a Japanese newspaper man called Goichi Hosada with the help of many other students to fine tuned the formula.

Ichimoku encourage trader to have a ‘macro’ view of what’s going on rather than looking at indicators and moving averages separately. Trader can simply decide whether he wants to short, long, or even stay aside.

Ichimoku is make up of 5 indicators.