DOV SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29. On Jul 26, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 120m time frame provided by eSignal. Here is the chart setup:
There is a D/120/60/30 iMTF support @ 71.91, which is also our entry. Initial stop is 71.53. Our target will be the pivot high @ 73.18. Now, the reward risk ratio was a 3:1, hence we took the trade. However, on Jul 27 @ 1130am, we were stopped out.
APD SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29. On Jul 26, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 120m time frame provided by eSignal. Here is the chart setup:
There is a D/240/120/60/30/10 iMTF support @149.14, which is also our entry. Initial stop is 148.66. Our target will be the pivot high @ 150.51. Now, the reward risk ratio was NOT a 3:1, hence we did not take the trade as it does not fulfill our trade plans.
ADBE SP500 7 Timeframe Ichimoku Email Alert for the week ending July 29. On Jul 27, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 60m time frame provided by eSignal. Here is the chart setup:
There is a 120/30/10 iMTF support @97.65, which is also our entry. Initial stop is 97.33. Our target will be the pivot high @ 98.41. Now, the reward risk ratio was NOT a 3:1, hence we did not take the trade as it does not fulfill our trade plans.
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 or email us at info@eiicapital.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.
