Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds [Paperback]

Nicole Elliott (Author)

Book Description

Publication Date: February 1, 2007

Candlesticks 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.

Editorial Reviews

About the Author

Nicole Elliott is a graduate of the London School of Economics and a member of the Society of Technical Analysis. She has worked in the City of London for over 20 years. Whether in trading, sales or as an analyst within the treasury departments of major international banks, technical analysis has formed the backbone of her methodology. As Mizuho Corporate Bank"s senior analyst in London she covers the foreign exchange, interest rate and commodity markets and equity indices.

Product Details

• Paperback: 139 pages
• Publisher: Harriman House (February 1, 2007)
• Language: English
• ISBN-10: 1897597843
• ISBN-13: 978-1897597842
• Product Dimensions: 9.5 x 7.6 x 0.3 inches
• Shipping Weight: 12.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #384,968 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

1.0 out of 5 stars Left wanting more, February 14, 2010

By 

G. Kent "Ichi trader" (East Coast, Australia) - See all my reviews
(REAL NAME)   

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This review is from: Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds (Paperback)

Didn't really cover trading with Ichimoku charts in any detail. The book was more about candlesticks and wave patterns. The wave patterns I found very subjective and of no use. You can learn as much about trading Ichimoku free on various websites.

7 of 7 people found the following review helpful:

3.0 out of 5 stars A Beginning, August 18, 2008

By 

Jack "Jack" (Anaheim) - See all my reviews

This review is from: Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds (Paperback)

As per the other reviewers, I will echo that the introduction given here is very limited. While the information is consise, the reader is left wanting much more. The wave method as presented, is a bit of a rehash from other sources, not really a part of the Ichimoku Charts.

The only other book published on the subject is in Japanese, and is over 300 pages. Unfortunately, I am an English only person.

10 of 12 people found the following review helpful:

1.0 out of 5 stars Real Dissapointment, March 12, 2009

By 

Mark Schwartz (New York) - See all my reviews

This review is from: Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds (Paperback)

Where is Steve Nison when you need him??

Nicole Elliot's book on Ichimoku Charts (aka Cloud Charts) completely fails at methodically building up the reader's knowledge of the theory, practical application, and utility of each component of the chart. Without a thorough grounding in the building blocks of Cloud charts it becomes impossible to interpret these charts and extract their value.

I was drawn to Cloud charts because of my great desire to find a chart that would incorporate extremely powerful Japanese Candle Stick analysis, but also "supposedly" have built in moving averages and even make use of Fibonacci number sequences. The former combination seems like it would make for a robust technical tool if only it could be explained / decoded using a modicum of plain english.

As someone who developed a real passion for technical analysis from reading the extremely well written works of Steve Nison and John Murphy, Nicole Elliot's book completely fails to transmit any meaningful knowledge of Cloud charts to the reader.

I don't even think the books title is appropriate as one could get the same depth of Nicole Elliot's "introduction" or "pamphlet" on Ichimoku charts through a Google search of free articles on the web.

I still believe these charts hold real promise if the right author comes along to unlock their value for interested readers.