I have always wondered how those weird Ichimoku Clouds worked. Well, I actually got around to figuring it out and in this video, I will share with you how the work and how they can be traded in the forex market.
The Ichimoku indicator looks complex in the beginning, but it is actually pretty simple…once you figure it out. It is basically a trend following indicator with a built in support and resistance component.
If you been wondering how to use this indicator for foreign exchange trading, then you will want to check out this video. Ichimoku Kinko Hyo has been traded for decades in Asian and is supposed to be a good indicator for Japanese Yen pairs.
Hope you find this useful…
Note: This is for informational purposes only, it is not meant to be advice of any kind.
For more videos, check out my YouTube channel: https://www.youtube.com/user/tradingheroes
Also check out this video: https://www.youtube.com/watch?v=B7xEo9aZgts
Watch this video on YouTube: http://youtu.be/NO9yL7mgCkg