On May 19 2014, we received an Ichimoku Forex 5 time frame Sell email alert on USDMXN currency from www.ichimokutrade.com. Here is the email alert:
The red arrow on the chart shows when the email alert was received. Price has slowly being going down in an ugly fashion. However, this is the first time, we got a multiple time frame email alert. As a result, we are going to setup a 240m pull back trade. The entry is 12.9340, initial stop of 12.9507, and a preserve mode of 12.8700. This would give us a max risk of 0.01674 and a min. reward of 0.06334. This gives us a min. reward/risk of 3.7:1 i.e. 379%. Here is the chart setup:
Currently, we are in preserve mode where the stop if 12.8997.
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.