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Book Description

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.

Customer Reviews

1.0 out of 5 stars Disappointing at best 16 Jun. 2009

Format: Paperback

I don’t know if I’ve been trading the Ichimoku Method for as long as the author, but it’s the system that I use every day and I bought the book hoping for definitive answers to the questions I have. However, the book failed miserably to treat this important methodology with any respect or depth of knowledge.

The author recommends a couple of books namely: Beyond Candlesticks (Steve Nison) and Technical Analysis of the Stock Market (Edwards and McGee), If she actually read these books she’d know what a real contribution to Technical Analysis looks like. It’s a pity she wasn’t duly inspired.

For the only English book of this important methodology, this is not a good start. I can only hope that someone will translate Ichimoku Kinko Studies (H. Sasaki)from the original Japanese into English.