Ichimoku Australia Stock Trade For The Week Ending July 03, SELL AIA-ASX, AUCK AIRPT FPO NZ

June 29, We received an Ichimoku 3 time frame Sell Email alert on SELL AIA-ASX, AUCK AIRPT FPO NZ

Here is the email alert:

APA-ASX -240m - pb alert

We used a pullback strategy on the 240M because there was a multi time frame resistance and also to limit our risk.

The entry was 8.68, initial stop of 8.77, preserve mode of 8.38.

The risk is 0.23 and the reward is 0.24 to preserve mode. Reaching to preserve mode, it is a 3:1 reward/risk ratio.

Here is the chart for reference:

APA-ASX -240m - pb

Follow your trading plan and wait for price to come to you to your entry level and never chase the market. Happy Trading!

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