Ichimoku Australia Stock Trade For The Week Ending August 21, IRE-ASX, IRESS FPO

August 21, We received an Ichimoku 5 time frame Sell Email alert on IRE-ASX, IRESS FPO

Here is the email alert:

IRE-ASX - 120m alert

We used a breakout strategy. We are going to use the 120M time frame to setup the breakout trade.

The entry was 9.77, initial stop of 10.26, preserve mode of 9.26.

The risk is 0.49 and the reward is 0.51 to preserve mode. Reaching to preserve mode, it is a 1:1 reward/risk ratio.

IRE-ASX - 120m bo

 

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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 provided on the Blog is for educational purpose.

 

About the Author Ludovic Chou