Ichimoku Australia Stock Trade For The Week Ending July 24, SELL 4 TIME FRAME KAR-ASX, KAROON FPO

July 23, We received an Ichimoku 4 time frame Sell Email alert on KAR-ASX, KAROON FPO.

Click on the email alert image:

KAR-ASX-240 pb alert

As you can see there are many time frame that has an ichimoku bearish strategy happening. We have chosen with 240M for a quicker trade and it has multi time frame matching resistance so a pull back strategy was used to limit our risk.

The entry was 2.29, initial stop of 2.34, preserve mode of 2.12.

The risk is 0.05 and the reward is 0.17 to preserve mode. Reaching to preserve mode, it is 3:1 reward/risk ratio.

Click on chart for reference:

KAR-ASX-240 pb

On the 24th it hit our entry now what is left to do is manage the trade.

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