Ichimoku Forex Trade of the Week Oct 3, 2014 : 5 time frame Buy USDCAD Currency

Sept 30, 2014 10:27:09 AM EST, we received an Ichimoku 5 time frame Buy Email alert on the USDCAD Currency for the forex market.  Here is the email alert:

Currency USDCAD 30m KS PB Email Alert

I took the 30m kijun pull back. Need a 3:1 reward/risk for the pull back. My entry is 1.1168, stop is 1.1161 and my preserve mode is 1.1189.

Currency USDCAD Chart


As you can see we have a little more than a 3:1

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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