Day Trading & Forex Forum

forexpilgrim

Anyone interested in the Ichimoku Kinko Hyo charting system?
Ian Boersma wrote this IchiWiki after receiving myriad requests from traders looking for a complete and authoritative resource on Ichimoku Kinko Hyo in English geared toward the western trader.
A link to a forum and all that you would want to know about the Ichimoku Kinko Hyo charting system is found on

http://www.kumotrader.com/ichimoku_w...itle=Main_Page

fibonelli

I can now find out what those weird looking lines really mean , cheers Fibonelli

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Audere est Facere

"The trend is your friend and divergences are your best friend until the bend at the end"

Party on like it's 1930, until Mr C (Wave) gatecrashes the party.

GammaJammer

Outstanding link - thanks. Most comprehensive, well laid out description of this charting technique I've seen on the web. Mods - is tehre a way to get this into useful links or something similar?

Thanks very much

GJ

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"That which doesn't kill me makes me stronger"

Paul Wilson

Hey forexpilgrim.

Thanks for the link. I looked at this chart system a while ago. It looked interesting, but I didn't know what to do with all the funny colours and strange lines.

I haven't properly read it yet, but the link looks good. Bags of info. There is an interesting part about entry/exit strategies, which may be fun to backtest.

Good find.

timsk

Agreed, the explanations provided on the link are clear. This is in complete contrast to the latest book on the subject published by Harriman entitled 'Ichimoku Charts - An introduction to Ichimoku Kinko Clouds' by Nicole Elliott. It is spectacularly bad. I suspect that Ms. Elliott dashed it off one afternoon when the markets were a tad slow. The text then went straight to the printer, bypassing copy editors and proof readers alike. An example of just how bad this book is can be found in the appendix entitled 'Constructing Candlestick Charts'. The attached image says it all. If anyone from Harriman happens to read this - I want my money back!
Tim.

Attached Thumbnails

 

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Great traders and great comedians share a common skill that underpins their success: they're both experts at TIMING.

Paul Wilson

Lol timsk.

It looks like a school project. I like the comment about graph paper. I haven't used any of that stuff for yonks.

And how come is it every book published about TA tells you how to read a candle? I wouldn't be able to trade without them!?!

GammaJammer

Interesting to see just how many people actually miss the point you're trying to make here (about the image).

GJ

__________________
"That which doesn't kill me makes me stronger"

Paul Wilson

Doh!

I spotted it second time round! I was a bit tired last night. Bit of a school boy error isn't it?