The Weather Report: Ichimoku Cloud Trading

Expert: Chris Capre, Founder at Second Skies LLC
Moderator: Maud Gilson, Conference Manager

Summary:
Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud.

This indicator is not only easy to learn, but highly accurate in giving JPY trading signals. When one learns how to use it correctly, one can build a very high accuracy and profit ratio trading the JPY pairs which can be some of the most volatile. Taking this class can give you a chance to master trading the yen and learn a unique approach to trading the asian pairs as a whole.

Ichimoku is included in our "Live chart Panel": http://www.fxstreet.com/rates-charts/charts-panel/

Webinar presented by Second Skies LLC and FXstreet.com

Comments

[raulin]

Chris
You should know better that to recommend novice traders to trade a highly volatile currency pair such as GBP/NZD you need at least a 300 pip stop loss because of the volatility and they are likely to be over leveredged

[Chris Capre]

Hello Raul,

I completely agree with you, this is why I explicitly stated on three separate occasions saying;
1)'...you have to take smaller positions and wider stops...'
2)'...if your off, your going to be off by a lot...'
3)'the volatility on this is quite exceptional...'

So in essence, we completely agree that this is not for novice traders and any recommendations on trading such pair should come with explicit statements (such as what I gave) of the increase in risk when trading such pairs.

Kind Regards,
Chris Capre
Founder
Second Skies LLC