On January 14, 2013, we received an Ichimoku 5 time frame buy on GBPUSD currency for the Forex market. The email alert is shown below:
The trade was for the 2 hour time frame to keep the risk low and maximize on the reward. The entry was 1.6100, initial risk of 1.6118, preserve mode of 1.6037, and a target of 1.5883. The max. risk is 18 pips with a min. reward of 63 pips to the preserve mode value. This would give us a min. of 3.5/1 i.e 350% return. Here is the chart setup:
We exited the trade at 1.6018 with a profit. Later, we did setup for another pull back trade which got us to the initial target we had projected.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com
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.
