Ichimoku Kinko Hyo indicator is very good indicator that many traders ignore because of a difficult name.
There are many professional traders who trade solely based on Ichimoku Kinko Hyo indicator.
Read this blog post in which I have posted 2 video tutorials that explain how to trade with Ichimoku Kinko Hyo indicator.
After watching the above 2 videos you should have a fair idea how this indicator is used.
This indicator is basically used for measuring momentum in the market plus future areas of support/resistance.
There are a few lines that are used in this indicator that tell you possible areas of support and resistance.
Mastering this indicator can help you a lot in your trading.
This indicator uses some tough Japanese names which should not intimidate you.
Take a few days and you will understand and master Ichimoku Kinko Hyo indicator.
