Kinko Clouds ...?

[codetroll]

Hey everyone,

I was thinking today about candlesticks and then I started thinking about the kinko clouds.
http://www.amazon.com/Ichimoku-Charts-Introduction-Kinko-Clouds/dp/1897597843

Does anyone use these or know anything about them? I'm contemplating learning about them and wanted to know if they are something worthwhile, or one of those fruit cake concepts that sound good but don't ever really work in practice.

Any insight or resources that would shed more light on these things would be greatly appreciated.

Thanks in advance.

-troll

 

[Turhovach]

codetroll -- you might find the following useful for your research -

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

I've been using this method (succesfully) for quite a few years. Actually, its one of a number of tools I incorporate in my trading. I use only the "cloud" portion of the study. All those other lines, although useful, tend to clutter up my charts unnecessarily. It serves as a decent indicator (there's that nasty word again) of support and resistance for me. Most charting programs offer the Ichimoku study in one form or another.

Good luck. If nothing else, I think you'll find it a fascinating study of one of the lesser known tools in the trading arsenal...

By the way, Nicole's book does a pretty good job of exploring the history and technique of using this study. She's one of the few "experts" in its methodology. And no, its not a "fruitcake" concept, although I'm sure there are any number of "ET experts" out there who will jump at the chance to disprove that statement