ichimoku analysis commodity futures september 6, 2010€¦ · company confidential what are the...
TRANSCRIPT
Company ConfidentialCopyright 2010 EII Capital Group
“Any Instrument, Any Timeframe, & No Expiration”
Ichimoku Analysis Commodity Futures
September 6, 2010
Company ConfidentialCopyright 2010 EII Capital Group
DisclaimerU.S. Government Required Disclaimer - Commodity Futures Trading
Commission, Forex, Futures, Equity and options trading has large potential
rewards, but also large potential risk. You must be aware of the risks and be
willing to accept them in order to invest in these markets. Do not trade with
money you can not afford to lose. This is neither a solicitation nor an offer to
Buy/Sell. No representation is being made that any account will or is likely to
achieve profits or losses similar to those discussed on this document. The past
performance of any trading system or methodology is not necessarily indicative
of future results.
ALL CHARTS ARE IN THINKORSWIM PLATFORM AND TRADESTATION.
Company ConfidentialCopyright 2010 EII Capital Group
• Munehisa Homma (1724-1803) perfected Japanese Candlesticks
• Goichi Hosada founded Ichimoku Kinko Hyo
o Adapted and refined candlestick analysis by adding a series of moving averages (1940’s)
o Wrote a book on Ichimoku Kinko Hyo in 1968
o Wanted to create a system that could do the following:
o Recognize a master trend
o Find future support and resistance, not just current support/resistance
o When is a market reversing from a trend
• Ichimoku Kinko Hyo revived by Hidenobu Sasaki
o Nikko Citigroup Securities
o Published a book, “Ichimoku Kinko Studies,” in 1996
o 18+ editions
o Voted Best Technical Analysis book in Nikkei newspaper for 9 consecutive years
• Japanese Trading Rooms
o Japanese Candlesticks
o Japanese Renko & Kagi charts
o Ichimoku Kinko Hyo (most common)
Company Confidential
What are the characteristics of Ichimoku Kinko Hyo?
• Trend-Based System: Go with the trend, not against it
• Minimize losses when you are wrong. Maximize profits when you are
right.
• Works in all timeframes.
• Works with all instruments (i.e. Futures, Stocks, Bonds, etc…)
• Built-in Stop and Profit targets
• There are multiple strategies to fit the personality of traders.
• Use the strategy that works for you!
• "Equilibrium chart at a glance"
Company Confidential
Company Confidential
Company Confidential
Company ConfidentialCopyright 2010 EII Capital Group
Company Confidential
Sentiment?
•Bullish Signs
o Price above Kumo Cloud
o Tenkan Sen is above Kijun Sen
o Chikou Span is above price
o Senkou Span A (White) above Senkou Span B in future
• Bearish Signs
o Price below Kumo Cloud
o Tenkan Sen is below Kijun Sen
o Chikou Span is below price
o Senkou Span A (White) below Senkou Span B in future
Company Confidential
Company Confidential
Company Confidential
Company Confidential
Company ConfidentialCopyright 2010 EII Capital Group
Company ConfidentialCopyright 2010 EII Capital Group
Company Confidential
Company ConfidentialCopyright 2010 EII Capital Group
Company ConfidentialCopyright 2010 EII Capital Group
www.eiicapital.com
Twitter: ichimokutrading
Manesh Patel, CTA
“Any Instrument, Any Timeframe, & No Expiration”