130+ Pip Winner Trading the Ichimoku Cloud – FOREX -GBPH4

October 14, 2011 by  
Filed under Forex review, Forex Trading, Videos

Automated forex trading system based on the Ichimoku indicator. Expert advisor robot trader built for metatrader MT4. Ichimoku meaning in Japanese as ” one look” was created by  Japanese newspaper writer Goichi Hosada.

Unlike statisticians or mathematicians in the industry this was a work of person who used his expertise and few assistants and created  technical indicator that is so robust and strong in today’s trading. There is  strong pipwinner system built around this type of trading and it compliments other trading systems in place. Take a look a the video here.

The Ichimoku indicator is used to measure short term time frame momentum along with areas of support and resistance as they occur in naturally. The standard Ichimoku is comprised of five lines:

Tenkan-Sen

—  This is a line made up by using high and lows for the 7 to 9 periods. This can be interpreted as short term moving averages.

Kijun-Sen

— This line is same as the above Tenkan-Sen  but it consists of longer time frames.  Many traders use cross overs of kijun and Tenkan as entry and exits points .

The Cloud

The cloud is made up of space between the Senkou Span A and Senkou Span B. Senkou Span A is calculated by subtracting : (Tenkan – Kijun)/2 and the Senkou Span B is calculated by (Highest High- Lowest Low)/2 over typically 52 periods.

The crossovers are used for entry and exits points.

Chikou Span

— Lastly the Chikou span is created by plotting recent price movement twenty six  periods behind the latest closing price.

Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets

August 7, 2011 by  
Filed under Books

Product Description
While most books on trading deal with general concepts and shy away from specifics, Forex Patterns and Probabilities provides you with real-world strategies and a rare sense of clarity about the specific mechanics of currency trading. Leading trading educator Ed Ponsi will explain the driving forces in the currency markets and will provide strategies to enter, exit, and manage successful trades. Dozens of chart examples and explanations will guide you each step of t… More >>

Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets

The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines

April 9, 2011 by  
Filed under Books

Product Description
A detailed look at one of the most underestimated aspects of trading-sellingIn The New Sell and Sell Short, Second Edition, Dr. Alexander Elder explains how to exit a stock at the right time and how to initiate a short position to profit from a stock that is showing weakness. Often overlooked, selling properly enables a trader to cut losses and maximize profits. Moreover, short selling in a weak market can generate big profits and should be a part of every tr… More >>

The New Sell and Sell Short: How To Take Profits, Cut Losses, and Benefit From Price Declines

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