Trading with Ichimoku Clouds ebook

Japanese Candles” is a phrase that is well known among the trading cammWlity. If the phrase is searched on the Internet, 3,810,000 searches are available in the Google search engine today. In comparison, if Ichimoku” is searched, 141,000 searches appear, which is quite a difference. Steve Nison brought Japanese Candlesticks to the Western world and did a greatjob illustrating how it can be used to become a successful trader. He left a huge mark on the trading community, and today institutions down to the average retail trader use Japanese Candlesticks in some form or fashion in their technical analysis.

This book brings Ule next phrase of Japanese technical analysis to the Western world, Ichimoku Kinko Hyo.” Ichimoku Kinko Ryo is a system Umt has been used successfully throughout Japan for years but never has progressed fOr\vard in the Western world. If a trader combines Japanese Candles with Ichimoku Kinko Byo, a powerful system is available to him or her. In fact, it increases the probability of trading drastically and can be evidenced by trading in a “paper” account after reading this book Japanese Candlesticks will not be discussed further in this book and any additional infomlation regarding this topic is avaiJable through Steve Nison’s books and training seminars.

Content :
Background
Components of a Trading System
Ichlmoku Components
Tenkan Sen
Kijun Sen
Chikou Span
Kumo Cloud Components
Senkou Span A
Senkou Span B
Kumo Cloud
Ichlmoku Trading Plan
Components
Strategy Description
Backtesting
EURUSD-A Two-Year Backlest
Summary-Two Years of Backtesting
Examining the Backlest Results
Optimize Trading Plan
lchimoku Strategy
Ichlmoku ‘I’tme Elements
Ichimoku Time Elements
Doug Laughlin
Is It as Easy as Just Being Taught a New System?
The Problem We Have with Getting in Our Own Way
Is There a Conspiracy Against the Small Trader?
Traders Myth-Smart People Make the Best Traders
Losing Trades Are Acceptable
A Successful System Will Fortify Your Convictions
Self-Sabotage and How It Applies to Your Trading
In Summary-Trader Psychology Overall
Consequences of Trading without a Trading Plan
Trading Plan
Backtesting
Conclusion
Ichlmoku Anulysls Sheet

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Ebook 14 Strategies From A Millionaire Trader

Giving Yourself Time and Room to Be Right , How many times has this happened to you? You waited patiently for the market to show you where it’s going, then bought or sold the breakout to new highs or lows, only to be stopped out when price pulls back against the new trend. And of course, once you were stopped out of the market, the market returned to the trend—without you!

Or maybe you waited patiently for price to approach a prior area of support, then got long at that support area. Once you were in the market, price briefly violated the support area, stopping you out of your position. And of course, once you are stopped out of the market, the market climbed back above the support and headed higher—without you! The traditional method for buying at prior support would be a limit buy order at the test of the prior multiple bottoms marked by the blue trend line and then putting a stop loss order below the trend line.

You can see this method would have resulted in you entering a long position and then quickly getting stopped out as price briefly plunged through the trend line area. When prices began to trade below the trend line marking the multiple lows, breakout traders began selling “at the market” to enter new short positions.

These new entry orders pushed the market lower, executing stop loss orders left by the traders that had been getting long against the support marked by the trend line. But note that once the breakout traders’ orders and the stop loss orders ran their course, price pulled right back above the trend line and headed higher—as the new short positions entered on the break below the trend line began to be stopped out! Getting “washed and rinsed” is a common occurrence in trading.

Is there a way you can avoid it? I have been working with my students in one-on-one mentoring with a pattern we call the “Lazy Z” that was designed to help avoid being “washed and rinsed” when attempting to enter trades at these critical areas. Let’s look at some charts and see if I can explain how we use this “Lazy Z” pattern to help avoid being “washed and rinsed.”

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Technical Analysis of Gaps

Gaps have attracted the attention of market technicians since the earliest days of stock charting.
Agap occurs when a security’s price jumps between two trading periods, skipping over certain prices. A gap creates a hole, or a void, on a price chart. Because technical analysis has traditionally been an extremely visual practice, it is easy to understand why early technicians noticed gaps. Gaps are visually conspicuous on a price chart. Consider, for example, the stock chart for Huntington Bancshares (HBAN) inFigure 1.1. A quick glance at the price activity reveals four gaps.Gap types differ based on the context in which they occur. Some price gaps are meaningful, and others can be disregarded.

Breakaway (or Breakout) Gaps

A breakaway gap is one that occurs at the beginning of a trend (see Figure 1.2). In November 2006, AT&T (T) was in a trading range. On November 29, the stock gapped up and an uptrend began. Because profits are made by jumping on and riding a trend, breakaway gaps are considered the most profitable gaps for trading purposes.

Content :
1: What Are Gaps?
2: Windows on Candlestick Charts
3: The Occurrence of Gaps
4: How to Measure Returns
5: Gaps and Previous Price Movement
6: Gaps and Volume
7: Gaps and Moving Averages
8: Gaps and the Market
9: Closing the Gap
10: Putting It All Together

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Making Money in Forex, Trade Like a Pro Without Giving Up Your Day Job

You should understand that I am a trader, not an analyst. This book contains my experience and methodologies as a trader interested in two things: reducing risk and making money. I don’t care about market correlations, the Big Mac Index, or speculating about whether a central banker is going to shave his mustache off. I do not spend my time analyzing the market to death; I’m a trader and making money is all I care about.

Do not expect a detailed analysis of each currency pair or the effect crude oil may have on the Canadian dollar. I will not discuss traditional technical patterns, Elliot Wave theory, or Gartley patterns (whatever the heck they are). These topics have been discussed ad nauseum by other authors and I see no reason to cover them again.
I don’t use them in my trading, so why should I include them in this book? I am only interested in identifying support or resistance, where price is now, where is it headed, and how can I profit regardless of the cost of tea in China. Throughout this book I refer to the theme of bargain hunting. Many traders tend to lose their shrewd business sense when it comes to trading.

The same trader who wouldn’t pay a penny too much for a car will pay full price for a trade. These traders chase breakouts, sell resistance, and buy support. I want to reset your thinking and remind you that trading is no different from any other market. Demanding the best deal out of every trade lowers your risk and increases your profits. No trade is worth taking unless you are able to dictate your terms to the market. Throughout the chapters on bargain hunting you’ll learn the principles and methodologies I follow to be the cheapest trader I can possibly be. It’s a badge I wear proudly.

Content :
CHAPTER 1 Exploring the Currency Market
What Is Forex ?
Forex Roots
Forex Participants
Forex versus
Exchange Markets
Trade Mechanics
Order Types
Margin and Leverage
Earning Interest S
electing a Currency
Dealer

CHAPTER 2
Principles of a Bargain Hunter

CHAPTER 3 Reading Price Action
Understanding Supply and Demand
Identifying Support and Resistance
Trading Price Action

CHAPTER 4 Managing Risk
Always Use a Stop Order
Beware of Overtrading
Reducing Your Transaction Costs
Stop Thinking about Losses in Pips
Managing Risk through Position Size
Manage Risk Consistently
Be Conservative with Trailing Stops
Is Losing 70 Percent of Your Trades Bad?
Know When to Take a Break

CHAPTER 5 Managing Profit
Common Profit Management Techniques That Increase Volatility
Identifying Profit Targets
Identifying Profit Targets with Fibonacci Ratios
Using Trailing Stops
Automating Profit with Limit Orders

CHAPTER 6 Bargain Hunting Along
the Edge
Determining Trends
Identifying a Bargain Day
Locating a Support and Resistance Zone
Managing Risk
Managing Profit
Example Trades

CHAPTER 7 Bargain Hunting with Price Action
Identifying a Bargain Day with Price Action
Managing Risk
Managing Profit Example Trades

CHAPTER 8 Bargain Hunting with the
Commodities Channel Index
The Traditional CCI Trade
The Bargain Hunter’s CCI Trade
CHAPTER 9 Bargain Hunting with
Fundamental Data
Why Trade News? What News Is Worth Trading?
Which Currency Pair Should You Trade
Understanding Market Reactions
Trading a Fundamental Event Closing Bell

CHAPTER 10 Achieving Consistency: Simple
Steps Every Trader Can Take
Stop Searching for the Forex Holy Grail
Fix Yourself First
Are You Really Going to Earn 100 Percent a Month?
Consider Long-Term Trading
Specialize
Develop a Written Trading Plan
Keep a Trading Journal
Demo Trade Properly

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Author:By RYAN O’KEEFE
John Wiley & Sons, Inc.