Ichimoku Forex Trade of the Week Oct 13, 2014 : 6 time frame Buy USDCAD Currency

Oct 13, 2014 10:09:10 PM EST, we received an Ichimoku 6 time frame Buy Email alert on the USDCAD Currency for the forex market.  Here is the email alert:

USDCAD email chart


We took the 30m break out. We need a 1:1 reward risk ratio. Our entry is 1.1222 and stop is 1.1193 with a preserve mode at 1.1261. So we have a reward greater than our risk. let take a look at the chart.

USDCAD email alert chart


as you can see we reached our preserve mode. 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