Many thanks Peat
Now I look at it I think I printed it out, and probably put it aside for bedtime reading.
The secretary must have filed it away. That will teach me to leave things lying around in the bedroom. :eek:
Printable View
I recently had the opportunity to look at Nicole Elliots Book on Ichimoku.
Ichimoku Charts. An introduction to Ichimoku Kinko Clouds.
Very disappointing and not worth buying IMO. These reviewers on Amazon UK thought the same.
1 of 1 people found the following review helpful:
1.0 out of 5 stars Disappointing at best, 16 Jun 2009
By M. Enwright -
(REAL NAME)
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.
For example, there are 5 Kanji characters that make up the name "Ichimoku Kinko Hyo." At the very beginning of the book under the section entitled "Calligraphy" the author describes 4 of the five characters but then says of the 5th "The others are too complicated to go into." It's like saying "I don't know what the 5th character means and I can't be bothered to find out." And this was just the beginning. The entire book went downhill from there. It seems as if the author hoped to disguise her lack of knowledge by adding a great deal of trivia. The whole thing smacks of opportunism and I am annoyed that I spent the money buying this rubbish.
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. Comment Comment | Permalink | Was this review helpful to you? Yes No Yes No (Report this) (Report this)
1 of 1 people found the following review helpful:
2.0 out of 5 stars Not even close, 27 May 2009
By Mikkel Christoffersen "Mikkel" (Denmark) - See all my reviews
(REAL NAME)
The author produces currency forecasts for a Japanese bank using Ichimoku charts. This should make her uniquely qualified to write the first English-language introduction to this intriguing methodology. However, the book just does not work. We don't get to know Ichimoku charts better than what we can find for free on the web - in fact there's a web site with a forum devoted to Ichimoku which has more interesting material. The book also contains an explanation of a Japanese way of analysing wave structures and counting. Both methodologies are introduced and explained to some degree, but there's very little if anything on how to actually trade using these tools. You're left with a "that's kinda nice ... now what?" feeling. Search the web and trading forums for information about Ichimoku and ideas for incorporating it into your trading. Two stars for the initiative though. Ichimoku is indeed fascinating stuff.
Nice trade Peat
Swissy has been short for about 600 pips on the weekly TF, looks like there may be another 600ish to go.
Using a simple wave ABC Elliott count which hopefully DB can confirm.
If correct this would also indicate Euro to go higher.
http://i32.tinypic.com/24qn69s.gif
.
Here's the Euro chart. Already done circa 600 on the weekly, with perhaps around the same to go before a top is in place. Forward Kumo has been signalling bullish for 6 weeks. Use the Swissy EW count in reverse.
http://i27.tinypic.com/20a84d2.gif
ok arco I've seen a few posts from you suggesting Eur is going higher now and I know enough not to go against this ;)
so managed to bail out of short euros just before this big spike....
I must have spooked it :D (Max was around 200 pips)
Got in a bit late, but took 50 pips off half last night with balance currently at +78
http://i30.tinypic.com/2wnscxi.gif
i'd been drawing that same triangle y'day but thought it would be unreliable as it went on too far and then it did a couple of false breakouts.
I didnt make any + pips but I prevented heaps of negative ones which is useful in itself.
And the beat goes on............could roll over soon
http://i31.tinypic.com/30suhi0.gif
Coming along nicely - circa +200 pips
http://i30.tinypic.com/14cgzep.gif