Forex Elite is proud to share valuable information and discussion about Ichimoku Kinko Hyo, an amazing Japanese trading methodology which was developed over a 20 year period by Goichi Hosoda. That’s 20 years!!!  Obviously there were no computers back then and Goichi with the aid of numerous students did an incredible amount of research and testing to develop his method. Today many large banks and institutional traders use Ichimoku (ee-chi-mo-koo) charts and so do we as one of our methodologies. It’s a great way to see what’s happening in the big picture.

Euro USD

4 hour Ichimoku chart, Euro still holding Tenken Sen, possible exhaustion wick…

Risk appetite was on overdrive this week, the euro gained 1.96% as the dollar took a bashing. Will we see a return to risk aversion and a strong dollar anytime soon? Stay tuned

We will be adding a strong disclaimer shortly. If you are new to Forex and trading in general, be aware that trading is high risk and be sure to start trading on a demo account until you are very confident in your strategy before risking real money. Records from brokers indicate that 95% of new traders lose their money and give up within 3 years. These are terrible odds!

At Forex Elite we are committed to creating a community of traders who use Ichimoku to identify high probability trades and share the fruits of our labour. Together we can do great things!  Remember, trading has nothing to do with predicting the future, we do not have a crystal ball (besides Ichimoku =), we are only interested in taking high probability trades that give us our edge.

To Our Success!

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