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Ichimoku Charts: An introduction to Ichimoku Kinko Clouds Nicole Elliott
Publisher: Harriman House

Nov 1, 2011 - Ichimoku means: one glance, Kinko means: equilibrium (or balance), and Hyo means: chart, which reads “one glance equilibrium chart”, describing how traders can very quickly discern price action of an asset, and form trading decisions effectively. CloudyPips here, and I've been trading with. Most western methods deal with the support and resistance in a linear fashion. The chart below shows the TL quite different from the 9SMA. The creator of the indicator, Goichi Hosada, introduced Ichimoku as a “one glance” indicator so that in a few seconds you are able to determine whether a tradable trend is present or if you should wait for a better set-up on a specific pair. The most distinctive feature of the Ichimoku Kinko Hyo is the orange and blue cloud you see stretching across (and ahead of) price. Welcome to my personal BabyPips day trading journal using Applied Elliott Wave Theory. Sep 10, 2012 - This means it is based on the price action, but also includes volatility. After only Charts will be posted, as well as the who, what, when, and why of the trade. The TL is more representative Introduction to Ichimoku Cloud Image003. The Kumo or Cloud Probably the most unique component of the Ichimoku Kinko Hyo is the 'Kumo' or cloud which offers a unique perspective of support and resistance. Jan 31, 2014 - If there is no consistency with price and is consistently bouncing higher off the cloud proving the cloud as support and that the uptrend is strong, then it is best to take Ichimoku off your charts as Ichimoku doesn't work well in ranges . For me, Wave Theory better represents the markets to a more exact and precise level of forecast, whereas Ichimoku Kinko Hyo, while an excellent system, constantly seemed to leave me with a feeling of the unknown.