May 17, We received an Ichimoku 3 time frame Buy Email alert on SHV-ASX, SELECT FPO. Here is the email alert:
We used a pullback strategy because it had a multi time frame support match and also to keep our risk low. We are going to use the 240m time frame to setup the pullback trade.
The entry was 10.05, initial stop of 9.93, preserve mode of 10.58.
The risk is 0.12 and the reward is 0.53 to preserve mode. Reaching to preserve mode, it is a 4:1 reward/risk ratio.
Here is the chart for reference:
As you can see it reached to preserve mode in a few days, in this situation you can get out of full position or leave half a position and let the rest run until it hits our stop loss which will be trailing.
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.