Ichimoku Forex Trade of the Week Oct 10, 2014 : 5 time frame Buy AUDNZD Currency

Oct 6, 2014 07:56:10 AM EST, we received an Ichimoku 5 time frame Buy Email alert on the AUDNZD Currency for the forex market.  Here is the email alert:

Currency AUDNZD 30m KS PB email Alert

 

So we took the 30 m pull back. We need a 3 to 1 reward risk and we have that. Entry is 1.1200, stop is 1.1192. Our preserve mode is 1.1226. Now the timing is the key. The last bar had a shake out. This was a good sign that this trade had a high probability to work. So the next bar (8:30 am) was the next bar to go in on. So even if you took the 8 am bar you still could have entered on the next bar. Lets take a look at the chart.

currency AUDNZD 30m KS PB Chart

 

as you can see we reached out target before it reversed.

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.

 

 

 

About the Author Michael Colquitt