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Currency Trading with Ichimoku Kinkou−Hyo

Thu, Mar 13 2008, 16:30 GMT
by The Forex Journal

The Forex Journal


This article is taken from the Forex Journal (February 2008 issue).

The author is Cornelius Luca, a world–renown author, teacher and authority in foreign exchange who has traded and analyzed currencies since 1983. He currently is a member of the staff at Global Forex Trading, Division of Global Futures & Forex, Ltd., as one of its analysts who provides commentary on the foreign exchange market.


  • Cornelius Luca, author of several trading books, details the Ichimoku technical study and applies it to numerous currency examples.

The Ichimoku Kinkou-Hyo is a technical study that was developed by a Tokyo newspaper writer, Goichi Hosoda, before World War II as a self-standing forecasting method for all financial markets. The name is a bit of a mouth-full, so many traders only call it Ichimoku, but in loose translation the full name means “One-look at the equilibrium prices.” The name originated with Hosoda’s pen name “Ichimoku Sanjin,” which means a glance of a mountain man.

This technical study consists of gauging midpoints of historical highs and lows at different lengths of time and several time lengths matched those used in the MACD’s moving averages. Ichimoku provides another method of analyzing trends and brings additional points to retracement/extension analysis, and support and resistance from moving averages.

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Other Related Article:

Currency Outlook 2008 by Ed Ponsi

Published on  Thu, Mar 13 2008, 16:30 GMT

DPR International Pte Ltd  | One Raffles Place, OUB Centre #18-01, Singapore 048616
http://www.forexjournal.com/ | editor@forexjournal.com

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This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.

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