Japanese Trading Systems (2014) by TradeSmart University
In 1991 the western world discovered Japanese Candlesticks and it changed the way technical analysis is done. But candlesticks are not the only secret Japanese traders have held. Ichimoku Cloud charts are the next iteration of Japanese analysis tools and they are making many trading desks a lot of money.
Discover the hidden secrets of Japanese trend trading. Unlock the long term view that candlesticks can not predict. Identify internal support & resistance levels you may not have seen lurking. Confirm a trend is in the clear or under the cloud.
Candlestick trading has been a staple of technical traders for more than 20 years now, but relatively little has been written about or is known about the next iteration of Japanese trading – Ichimoku cloud charts. This system of trading was developed to compliment Candlesticks and make them more powerful for trend trading. Ichimoku Cloud charts are the Japanese answer to identifying trend line support & resistance, recognizing when a larger level of trend is reversing, Identifying continuation price points, and recognizing when consolidation should occur.
Ichimoku Charts are a completely different way of looking at and analyzing market data. Much like the candlesticks that preceded them, cloud charts are very picturesque. The name “Ichimoku Kinko Hyo” actually means “at a glance”. And when properly interpreted, a glance is all you need when looking at these charts.
In this 4-class series traders will learn how to construct the Ichimoku charts, as well as the key interpretation signals, the trading system that works with the clouds, and how to apply these signals to their individual trades. Ichimoku charts are an absolute must for anyone trading Forex or international markets, and they are a great additional for anyone wanting a different way to interpret stock charts for basic stock or option trades.
History of Japanese Charting
Candlesticks meet the clouds
Intro to cloud charts
How to build a cloud chart
Reading the cloud charts
Key trading signal
Interpreting the cloud chart data
Buy/sell signals & setting stops
Testing & proving the system
Trading Signal Checklist
Walking through the analysis
Observations on interpretation
Strategies for candles and clouds
Applying to Forex
Option trades with the clouds
Multiple Time frame application