Ichimoku Analysis Commodity Futures
September 6, 2010
“Any Instrument, Any Timeframe, & No Expiration”
Copyright 2010 EII Capital Group
Company Confidential
Disclaimer U.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.
Copyright 2010 EII Capital Group
Company Confidential
• 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)
Copyright 2010 EII Capital Group
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
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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
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Copyright 2010 EII Capital Group
Company Confidential
Copyright 2010 EII Capital Group
Company Confidential
Company Confidential
Copyright 2010 EII Capital Group
Company Confidential
Manesh Patel, CTA
[email protected]
www.eiicapital.com Twitter: ichimokutrading “Any Instrument,Company Any Confidential Timeframe, & No Expiration”
Copyright 2010 EII Capital Group
