RE: Beginners Questions
(2014-02-18, 02:32 PM)isatrader Wrote:(2014-02-18, 02:23 PM)acito616 Wrote: Thanks, I'm going to spend some time on Stockcharts.com and Google researching the Kijun Line you posted. I spend a lot of time drawing my own support and resistance areas so from first glance this "Ichimoku Kinko Hyo" might help make my work a little easier.
The Kijun Line is only part of Ichimoku, but I actually prefer to have it hidden so that I can just view the weekly cloud, which shows the dynamic resistance zone that Ichimoku creates, as the Kijun line is just another type of long term moving average. Attached is the settings in stockcharts for just the cloud on the normal weekly chart I use, which you can save as a template, and then view as a secondary chart.
Can you recommend any books or websites that I can spend some time researching and reading about Ichimoku?
acito