6-6-08: Dow Future Trade Update (Ichimoku)

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  • 6-6-08: Dow Future Trade Update (Ichimoku)

Didn’t expect the trade to occur soo fast…….     It is good for us since our S2 target is about to be reached.    This is a good place to recognize some profits with multiple positions were taken (educational use).    Typically, 50% of the trade is exited at this point.     The new stop is now 12558.   We are following the Tenkan Sen + 2 pt buffer on the 60 minute timeframe.
I am not going to keep on blogging every time the stop changes.  You can follow along with an Ichimoku chart on 60 minute timeframe.
For EDUCATIONAL USE.    Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose