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Pros & Cons
Pros
Manesh patel explains well the parts of an ichimoku cloud. Patel gives a day-trading example using 5 minute bars and a slightly different set of rules. Patel also gives some strategies one can use for actual trading. Just a fyi, i am a long-time fan o... Read More
Cons
The book contains 40 pages of information about ichimoku that could be found on the internet, followed by a long, sub-par presentation of an example system and some assorted, useless additional material. There are over 100 charts in this book - 90% ar... Read More
To the extent that this book is trying to be an introduction, it fails miserably. Nothing here is original. All the components were explained but in a very mechanical / matter of fact / textbook / bullet point way.
The book has glaring errors in it that should have been caught before the book went into print. The cursory coverage is just enough to get a newbie into trouble and so banal that it isn't worth repeating to anyone else. This could have been done som m... Read More
Much of that material overlaps with the material in patel's book. In the eyes of most systems designers, patel's system has too many rules. Patel doesn't include a serious analysis of the results from multiple instruments. Patel's attitude is fundamen... Read More
The author conveniently omits is that the strategy looses a lot of money on false breakouts offsetting any profitable trades you've had with it. The author claims to give you a trading system on how to trade ichimoku, the system is essentially an intr... Read More
Highlights
Quality
The six core elements of ichimoku are covered one a time and then once the foundation is established patel puts them together a... Read More
This concept of giving you the tools and showing you how to use them along with samples systems is invaluable as it will allow ... Read More
The only negative to the book is the quality of the graphs but this has been addressed and discussed in other reviews
As for the book one drawback is the unreadable chart graphics small and black and white but patel has posted all of the bw grap... Read More
Price
One thing to be aware of before you buy the ichimoku system is based on price
Packaging/appearance
Experienced traders should be looking at this book and ichimoku in general because as an indicator it is the complete package t... Read More
Competitiveness
Ichimoku clouds is very helpful in identifying where price is in a trend and identifying stops and targets
Others take the indicator and change the parameters assuming there is a need due to the different markets then and now
For some traders that may be a difficult place to go bc of existing biases in favor of fundamental technical andor macro analys... Read More
Overview
- How are reviewers describing this item?
good, most and through. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 80% high quality reviews are present.
- This product had a total of 61 reviews as of our last analysis date on Apr 2 2024.
Helpful InsightsBETA
Posted by a reviewer on Amazon
Now 34ichimoku34 means equilibrium at a glance
Posted by a reviewer on Amazon
In 5 seconds of looking at a daily chart i can tell if a stocks trend is for the present bullish mid term bullish and bullish in the foreseeable future
Posted by a reviewer on Amazon
I can review about 70 charts in 15 minutes
Posted by a reviewer on Amazon
If i value the stocker higher than is present price and all four trends are bullish i buy
Posted by a reviewer on Amazon
Some might find the section where he presents a series of trades boring especially if one is not investing in the same markets
Posted by a reviewer on Amazon
This style of analysis does not work well in sideways trends
Posted by a reviewer on Amazon
I bought this book because i heard the author give a presentation on it and fell in 34love34 wwith the idea
Posted by a reviewer on Amazon
I am not a tradestation user but that is not necessary to understand the content and take advantage of whats covered in the book
Review Count History
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