Ichimoku Charts 2nd updated and revised Nicole Elliott

How the book is structured

The book comprises eight main chapters:

1. History

A brief history of candlesticks and the development of Ichimoku Kinko Hyo.

2. Constructing the Cloud Charts

First, a quick introduction to candlestick charts – the foundation of Ichimoku – and then a detailed explanation of how Ichimoku charts are constructed.

3. Interpretation of the Clouds

How to interpret the Cloud charts, including: identifying support and resistance levels; the significance of Cloud thickness and the distance between price and Cloud; and how to finesse trading positions.

4. The Three Principles

A discussion of the three principles of Ichimoku charts: the Wave Principle, price targets and the Timespan Principle.

5. Case Studies

Several case studies are included that work through in detail the interpretation of Ichimoku chart examples.

6. Option Trading with Clouds

How the unique combination of timing and price levels that is possible with Ichimoku analysis is particularly relevant for option trading strategies.

7. An Update on How I Use Cloud Charts Today

An overview on how my use of Cloud charts has evolved since the first edition of this book was published ten years ago.

8. New Case Study

An example of how I analyse charts today. We work through a series of daily and weekly charts without knowing what the underlying market is.