It is a fact that human brain responds better to organized and recognizable shapes than to chaotic images. Price Action Charts look chaotic unless we are trained to spot the “waves” or we use a System that enables us to decode “chaos”.
During my early years of Trading FOREX, I had no idea that an alternative way of looking at my charts might have the power of giving me a better understanding of Market’s Condition at any time.
ICHIMOKU KINKO HYO is such a System. The more I use it and integrate it to my trading routine, the more confident I feel.
They say that setting your Exit Point –or Take Profit Target – is even more important than knowing when and how to Enter the Market. That’s true. ICHIMOKU helps you notice Market’s “intentions” and adjust your trade accordingly. As its name implies, ICHIMOKU helps you understand where Market is heading showing its “Equilibrium Status at a glance”.
It applies on all time-frames and it’s been especially designed for Trending Markets where it’s extremely powerful when used on big time-frames (H4, Daily, Weekly).
Thanks to INTERNET, the Capital Markets with a daily turnover that touches 6 trillion USD, are accessible to any investor. The potential is huge but only to those who will educate themselves.
-Is FOREX Trading easy?
-Is it simple?
-Yes, if you know what you’re doing.
-Why do I love ICHIMOKU more than any other Trading System or tool I know?
-Because of its simplicity.
-Why is simplicity so important?
-Because it leverages your results without exhausting your physical energy reserves. Feeling comfortable when trading is essential.
Success is the very boring process of doing repeatedly what is working. To my opinion, once you familiarize yourself with ICHIMOKU System, you’ll hardly ever need any other Trading Tool in order to be consistently profitable with FOREX.
I’m not a Technical Analyst or an Expert of any kind. I’m just a FOREX Trader in a constant learning process and I’ll gladly share with you what I have found profitable again and again. This book is part of my effort to scratch the surface of ICHIMOKU Trading “iceberg” sharing with you my way of interpreting its countless signals. Once you familiarize yourself with it, possibilities are literally limitless.
Following my favorite Paretto’s Principle, I’m sharing with you this 20% of my ICHIMOKU SYSTEM Knowledge, which keeps giving me 80% of profitable results.
This Book is part of the FXholic Series.
VIDEOS with my Ichimoku trades setups you can find at http://youtube.com/user/forexid/ and detailed posts you can find at Forexid.com You are also welcome to follow me on Instagram where I often post my Charts @fxholic. English is not my mother language, so your tolerance will be appreciated.