A completely revised and updated second edition of the first book to
bring Japanese candlestick charting to English-speaking traders.
In the ten years since the first edition of this book was published,
Ichimoku charting, or Cloud charting, has gone from the sole preserve of
Japanese traders to being used by traders worldwide. This widespread
adoption of the technique can be traced at least in part to this book,
since it was the first to introduce the technique to the world outside
Japan.
Candlestick charts play an important role in technical analysis
worldwide. This book covers the history of candlestick charts -
explaining the context in which they developed. It then moves on to
explain how in the 1930s a journalist, with the pseudonym Ichimoku
Sanjin, started refining candlestick analysis by adding a series of
moving averages. The book explains in detail how to construct Cloud
charts and how to interpret them. A chapter is devoted to the advanced
analysis of Cloud charts, with an in-depth study of the Three
Principles: Wave Principle, Price Target and Timespan Principle. The
book is illustrated throughout with numerous examples of Cloud chart
analysis.
Brand new to this second edition are the author's thoughts from a
further decade of using the technique and new trading examples.
