Ichimoku Charts
An Introduction to Ichimoku Kinko Clouds
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4.0 • 2 Ratings
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- $22.99
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- $22.99
Publisher Description
A completely revised and updated second edition of the first book to bring the world of Japanese candlestick charting to English-speaking traders.
In the ten years since the first edition of this book was published, Ichimoku charting, or Cloud charting, has gone from the sole preserve of Japanese traders to being used by traders worldwide. This widespread adoption of the technique can be traced at least in part to this book, since it was the first to introduce the technique to the world outside Japan.
Candlestick charts play an important role in technical analysis worldwide. This book covers the history of candlestick charts - explaining the context in which they developed. It then moves on to explain how in the 1930s a journalist, with the pseudonym Ichimoku Sanjin, started refining candlestick analysis by adding a series of moving averages. The book explains in detail how to construct Cloud charts and how to interpret them. A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Principles: Wave Principle, Price Target and Timespan Principle. The book is illustrated throughout with numerous examples of Cloud chart analysis.
Brand new to this second edition are the author’s thoughts from a further decade of using the technique and new trading examples.
Customer Reviews
Great Authorship and Practical Examples
This is the 2nd book I’ve read on the Ichimoku technique, the first being David Linton’s oustanding work. Ms. Elliot’s book is a very approachable, must read, if you plan to incorporate this discipline to your technical analysis.
Her writing style is succinct and delivers a constant stream of high quality information and instruction. I love her writing style look forward to reading more of her work.
This and David Linton’s books offer interesting contrast in some areas. They do not conflict or contradict, but rather emphasize certain aspects of the analysis differently. There is room for interpretation in this technique and Nicole is clearly a subject matter expert.
Her chapters on Options strategies and the two chapters on Case Studies are great examples of how a professional applies this techniqe.
Nicole mentions reviews of the first edition included complaints/critiques that she did not teach readers how to trade with this method. Trading is challenging and factors such as what instrument being traded, margin, and above all time-frame combine to form almost infinite considerations for trading. This book does a great job of constructing the charts and analyzing the price action they detail. How/when to enter a trade, position size, where to set a stop loss, exit criteria, etc. is the responsibility of the reader and there is a wealth of information to support good decision making.