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Trading with Ichimoku Clouds: The Essential Guide to Ichimoku Kinko Hyo Technical Analysis by Manesh Patel

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Chapter 9. Conclusion

We are now at the end of the Ichimoku journey. We have illustrated how to become a successful trader step by step. The process begins just like someone is starting a brand new business, that is, with a business plan. The business plan outlines the business "modules" and how all the modules would be used together to generate revenue and keep expenses to a defined cost. For trading, it is exactly the same way. We create a trading plan instead of a business plan. The trading plan shows step by step how we will trade. It shows the fundamental system, the technical system, money management, assumptions, and so forth, which will be used for trading. This plan will be evaluated at certain times to see that the objectives of the plan have been met. If not, adjustments will be made to get to the end goal. The lessons we have learned in this book are the basic foundations for becoming a good trader. It is up to us to follow the lessons, do the research, do the backtesting, and to think.

Our job is complete. I hope the book has been a valuable asset for you. Please provide feedback through our web site www.eiicapital.com. Following is list of web sites that are support tools for you. Please use them. They are there for you to help the journey be a successful one.

Main web site: www.eiicapital.com

Discussion forum: www.kumotrader.com

Blog: www.blog.kumotrader.com

Ichimoku Wiki: www.ichimoku.org

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