Depth Trade
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This thread is to showcase BSDs experience and impecable skill set.
BSD has worked alongside some of the most capable and experienced traders in Japan. There he honed his skills in the 'Art of Trading'.
From NewYork to Milan, he is known as Big Swinging Dick, not because of his arrogance or jealous rages, but because of the massive currency positions he is responsable for.
""It's actually far simpler than it initially appears, and it's huge in Japan where it comes from (and where futures markets where invented hundreds of years ago.).
I lived there several years and all the financial charts on stock market reports on TV etc always showed and formed the basis for analysis, all the banks there use it, and anybody who wants to work for a Japanese bank there or abroad in any role even remotely to do with trading definitely needs to know how ichimoku works.
Having said that, many Japanese are really into technical trading, into charting (candle charts come from there as well I believe) and into trends, and that's how ichimoku probably works best.
One japanese trader friend of mine who started out at as a bank trader and has been trading for himself now for several years is incredibly successful on short time frames trend trading it.
Include some basic price action know how, maybe several time frames, and you've got yourself a robust trading system that aligns you with what the market is doing.
But it's not mechanical, there are probably as many ways of trading it as there are net profitable traders or institutions using it.
I don't use it myself, but I do see why the Japanese like it.
And Japan is pretty much always pretty good at achieving it's objectives once they set their mind to something.
I really have the greatest respect for the Japanese.""
BSD Ichimoku class
(start date 19/07/09)
+ 0 pips
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:smart:
BSD has worked alongside some of the most capable and experienced traders in Japan. There he honed his skills in the 'Art of Trading'.
From NewYork to Milan, he is known as Big Swinging Dick, not because of his arrogance or jealous rages, but because of the massive currency positions he is responsable for.
""It's actually far simpler than it initially appears, and it's huge in Japan where it comes from (and where futures markets where invented hundreds of years ago.).
I lived there several years and all the financial charts on stock market reports on TV etc always showed and formed the basis for analysis, all the banks there use it, and anybody who wants to work for a Japanese bank there or abroad in any role even remotely to do with trading definitely needs to know how ichimoku works.
Having said that, many Japanese are really into technical trading, into charting (candle charts come from there as well I believe) and into trends, and that's how ichimoku probably works best.
One japanese trader friend of mine who started out at as a bank trader and has been trading for himself now for several years is incredibly successful on short time frames trend trading it.
Include some basic price action know how, maybe several time frames, and you've got yourself a robust trading system that aligns you with what the market is doing.
But it's not mechanical, there are probably as many ways of trading it as there are net profitable traders or institutions using it.
I don't use it myself, but I do see why the Japanese like it.
And Japan is pretty much always pretty good at achieving it's objectives once they set their mind to something.
I really have the greatest respect for the Japanese.""
BSD Ichimoku class
(start date 19/07/09)
+ 0 pips
+ 0 %
:smart: