Ichimoku Kinkou Hyou (Itchy Mushrooms)

[blid2def]

i just love this kind of answers....very professional... and objective and never predictive...you are good...the still water runs deep type...

This kind of answer is copy from 10 year series one. Everyone gives these types of answers. Dun dare to commit and look a fool later...

But okay lah, for what it's worth - I'm biased towards bearish positions for the longer term (a quarter and up...). This one, not because of the chart, but because I anyhow hantam. Hahaha... (okay, the bearishness is from the mushrooms, the timeline is anyhow hantam).

[iam802]

Oh, I'm going to collect mine tomorrow! Hahaha... managed to read one of the books on hand faster than I thought I could (I just love books with double-spaced lines...), so I reserved a copy of the book. You got yours?

Like that,... so, we are the 2 who reserved the available copies.

That leave one very fast-hand who has already borrowed it.

[kennynah]

no wonder....i dont get a chance....

eh...can give the titles of the book here...so i will log it down for posterity...tx

[blid2def]

Ichimoku Charts: An Introduction to Ichimoku Kinko Clouds [ILLUSTRATED] (Paperback)
by Nicole Elliott (Author)

# Paperback: 139 pages
# Publisher: Harriman House (February 1, 2007)
# Language: English
# ISBN-10: 1897597843
# ISBN-13: 978-1897597842
# Product Dimensions: 9.6 x 7.3 x 0.5 inches

[blid2def]

Oh, I'm going to collect mine tomorrow! Hahaha... managed to read one of the books on hand faster than I thought I could (I just love books with double-spaced lines...), so I reserved a copy of the book. You got yours?

Like that,... so, we are the 2 who reserved the available copies.

That leave one very fast-hand who has already borrowed it.

I reserved two. One to put in toilet, one put on study table.

[kennynah]

aww....i report u....for vandalizing the book pages in toilet....awww......
tx for the title and author...

[blid2def]

Finished with the book. The title of the book is hopelessly misleading.

Very disappointed... think the author spent more time talking about some Wave Principle than Ichimoku. And she confused the heck out of me by referring to "mid-prices" in her charts.

I did pick up one good tip though - she looks for candlestick reversal patterns when the price is in a thick cloud. Thought that was an excellent point.

802 - have you read the book? Your impressions & lessons learned?

[iam802]

I have it with me but have not started.

I can also understand why this book is so expensive!

Color chart, expensive smooth paper!!!

Will update again once I am done with the book.

[blid2def]

K - looks like this time round, the price action ram through the cloud with no problem. Hahaha... of course, the month is still young, so who knows what'll happen. I've this suspicion something will happen right on expiry Friday (again) and f**k up my positions (again). LOL.

Watch the base of the cloud for possible resistance areas if trading any rebounds/rallies. The other thing is to watch for reversal candlesticks when the price is in the cloud (or at the top border of the cloud) for signs of failed resurgences.

[kennynah]

you mean all the 3 indexes?