Ichimoku Australia Stock Trade For The Week Ending July 16, BUY 5 TIME FRAME REG-ASX, REG HEALTH FPO

July 15, We received an Ichimoku 5 time frame Buy Email alert on REG-ASX, REG HEALTH FPO.

Click on the email alert image:

REG-ASX 120m alert

As you can see there are many time frame that has an ichimoku bullish strategy happening. We have chosen with 120M for a quicker trade and it has multi time frame matching support so a pull back strategy was used to limit our risk.

The entry was 5.46, initial stop of 5.41, preserve mode of 5.61.

The risk is 0.05 and the reward is 0.15 to preserve mode. Reaching to preserve mode, it is 3:1 reward/risk ratio.

Click on chart for reference:

REG-ASX 120m pb

On the 16th it hit our entry level. Now it is to manage the trade. When it hits preserve mode you can get out on full position or take half profit, let the other run. While doing this you need to trail your stop.

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