Ichimoku Charts Book
March 11, 2007 by Trader Rich
Harriman House, publishers of finance, business, economic, and political books were nice enought to send me a free copy of "Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds" which I received last week. The author is Nicole Elliott, a trader for Mizuho Corporate Bank. I had seen Nicole's name before when I regularly visited the Mizuho bank technical analysis research website. You can find the links for this and other recommended sites at http://list.forexproject.com. I found this site very unique in that it was the only technical analysis site where I've seen the exclusive use of ichimoku. So I started reading the book last week and my first impressions are that it's refreshingly unique material, challenging, yet rough around the edges. The author is a trader and not unlike me, probably not a trained writer. In addition, I think she may be European so I cannot relate to some of the non-trading terms she utilizes. Like I said before, a lot of the information contained in the book is totally new to me so I have yet to grasp a lot of it. Overall, I'm intrigued and looking forward to reading it further. When I have time to allow the information to marinate in my head, I'll be sure to pass it along. Let me leave you with the main elements explained within the book:
- candlesticks
- 9 and 26 day moving averages
- the Cloud and its size
- Chikou Span
- long term wave count
- short term wave count
- the Wave principle
- price targets
- time principle
I can't fully review the book until I'm finished so I'm hesitant to recommend it but if you are really interested in learning more about the elements above now, you can always buy the book at http://www.harriman-house.com/pages/book.htm?BookCode=22962
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