Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds

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Harriman House Limited, 2007 - Business & Economics - 139 pages
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 1930s 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. A chapter is devoted to the advanced analysis of Cloud charts, with an in-depth study of the Three Principles: Wave Principle, Price Target and Timespan Principle. 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.
 

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Contents

Constructing the Cloud Charts
9
FTSE 100 with moving averages
15
Singapore dollars per Canadian dollar with Senkou Spans A and B
22
Interpretation of the Clouds
27
CBOT front month Corn futures contract with Clouds
29
LME threemonth forward Copper with Clouds and Chikou Span
36
The Three Principles
43
Consolidation patterns of the Wave Principle
46
FTSE100 index
72
Dow Jones Utilities Index weekly
87
3
88
Option Trading with Clouds
93
US dollars per Euro
101
Constructing Candlestick Charts
115
11
119
Charting Programs
121

Thai Baht per US dollar
52
Example of Crude oil demonstrating resistance becoming support
58
Head and shoulders pattern
65
Case Studies
68
14
127
33
134
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About the author (2007)

Nicole Elliott is a graduate of the London School of Economics and a member of the Society of Technical Analysis. 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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