Aug 20, 2014 05:25:08 AM EST, we received an Ichimoku 5 time frame buy email alert on the Australia Stock Qantas Airways, QAN-ASX. Here is the email alert:
The charts are showing the instrument is consolidating. On the 240m, we can see a nice strong support at 1.28. This is where we are going to setup the trade. The entry is 1.28, initial stop of 1.26, and preserve mode value of 1.34. The max risk is 0.02 and a min. reward of 0.06. This would give us a min. reward/risk of 3:1. Here is the chart:
We reached our preserve mode value so we are now tightening our stop. The current stop is 1.42.
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.