By Nicole Elliott. All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published without the prior written consent of the Publisher. No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this book can be accepted by the Publisher, by the Author, or by the employer of the Author.
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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Candlestick charts, although originating in Japan, now play an important role in technical analysis worldwide.
Now, for the first time in English, this book presents the next stage of candlestick analysis - Ichimoku Kinko Hyo. Sometimes called Cloud Charts, this analysis adds moving averages to candlestick charts. But moving averages a little different from those traditionally used in the West. For trending markets, Cloud Charts add an essential tool for analysing near-term areas of support and resistance. The book covers the history of candlestick charts - explaining the context in which they developed.
And then moves on to explain how in the s 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. The book is illustrated throughout with numerous examples of Cloud Chart analysis. Walk into any Japanese dealing room today and you will see that the most common charts being used are Ichimoku Kinko Clouds.
This book presents the definitive explanation of these charts for the first time to a Western audience. Read more Read less. Frequently bought together. Add all three to Cart. These items are shipped from and sold by different sellers. Show details. Customers who viewed this item also viewed.
Page 1 of 1 Start over Page 1 of 1. Previous page. Next page. She has worked in the City of London for over 20 years. Whether in trading, sales or as an analyst within the treasury departments of major international banks, technical analysis has formed the backbone of her methodology. As Mizuho Corporate Bank"s senior analyst in London she covers the foreign exchange, interest rate and commodity markets and equity indices.
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Most helpful customer reviews on Amazon. Verified Purchase. See my review there for an overview of Ichimoku Clouds. Elliott's book is much better, but it is not for everyone. This book is written for a very specific audience -- professional technical analysts who want to understand what their Japanese competitors are doing.
If that's your situation, this is the book for you; otherwise look elsewhere. Because of the book's intended audience, it has almost no discussion of trading. It simply discusses the indicator and how a Japanese analyst would interpret it.
If you work at the forex desk of a bank, this information will help. If you are the typical trader, it won't. Regrettably, there are no truly outstanding English books on the subject. Otherwise, as of , this seems to be the best book on the subject available. I'll provide a brief overview of the book's contents for those considering it: After a brief historical overview in Chapter 1, the book spends Chapter 2 explaining how the charts are constructed.
The information available on the internet is probably better, but one important difference this chapter brings out is that the Tenkan-sen and Kijun-sen lines are constructed as moving averages of daily midpoints halfway between the daily high and low. Most websites and other books will tell you to construct them like you construct the Senkou Span -- by taking the midpoint between the highest high and lowest low over the look-back period.
Chapter 3 covers the conventional Japanese interpretations of the cloud chart, leaving out newer approaches Westerners have added. Although you could get this information from many internet sites, it will generally not be clear which methods are the typical Japanese ones and which ones are more recent innovations.
The book here stays on point and focuses on explaining how a Japanese analyst will look at the chart. Chapter 4 is probably the most important and most useful chapter of the book.
Unfortunately, it is somewhat lacking in detail. This chapter covers the Wave, Price, and Time principles. These principles are the Japanese versions of wave analysis, price projections, and time retracements. The coverage here is substantially better than anything I've found elsewhere, but the level of detail is only enough to understand what a Japanese analyst would do. I don't feel confident that I could actively use these methods with just the information in this chapter.
Chapter 5 provides six longish examples of performing a technical analysis using Ichimoku techniques. Sticking with the book's goal of teaching you how a Japanese analyst would approach a chart, each example is a single snapshot. The book does not show you how things turned out nor does it show you how an analysis would be changed after new bars were added.
Chapter 6 builds on Chapter 5 and focuses on analysis of volatility for option strategies. This chapter contains information that isn't available elsewhere, but outside of a handful of professionals, I can't see it being generally useful. I guy this one as a gift for others. This book really This book really goes into to details about the Ichimoko charts. Its very helpful.
Little info about Ichimoku, rather somewhat undigested ramblings about other technical indicatora that by and large have nothing to do with that system. A total loss. Poorly executed. The charts not even consistent in format. Sloppy work. Go to Amazon. Back to top. Get to Know Us. Shopbop Designer Fashion Brands. Alexa Actionable Analytics for the Web. DPReview Digital Photography.
ISBN s : - Author: Nicole Elliott. She has worked in the City of London for over 20 years. Whether in trading, sales or as an analyst within the treasury departments of major international banks, technical analysis has formed the backbone of her methodology.
Ichimoku Charts : an Introduction to Ichimoku Kinko Clouds
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Candlestick charts, although originating in Japan, now play an important role in technical analysis worldwide. Now, for the first time in English, this book presents the next stage of candlestick analysis - Ichimoku Kinko Hyo.