Ichimoku Australia Stock Trade For The Week Ending July 10, SELL OSH-ASX, OIL SEARCH FPO 10T

July 01, We received an Ichimoku 4 time frame sell Email alert on OSH-ASX, OIL SEARCH FPO 10T.

Click on the email alert image:

OSH-ASX - pb 120m alert

As you can see there are many time frame that has an ichimoku bearish strategy happening. We have chosen with 120M for a quicker trade and it has multi time frame matching resistance so a pull back strategy was used to limit our risk. The higher time frames are also all bearish which gives a higher probability of success.

The entry was 7.36, initial stop of 7.42, preserve mode of 7.05.

The risk is 0.06 and the reward is 0.31 to preserve mode. Reaching to preserve mode, it is 5:1 reward/risk ratio.

Click on chart for reference:

OSH-ASX - pb 120m

it hold off the resistance and went straight to our preserve mode. You could take profit or let half of the position run while trailing the stop using our ichimoku strategy.

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