July 29

Ichimoku Trade Setup Forex: EURNZD Time frame buy Currency

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The NZDCAD day trade didn’t work out.  However, it was low risk so that was no problem.   The EURNZD currency did work out well so far.   We received at 9:30am EST, an 4 time frame Ichimoku Email alert Buy for the EURNZD Currency from www.ichimokutrade.com.   Here is the email alert:

072914_eurnzd_chart_setup

The lowest time frame for this trade was 60m.   Therefore, we setup the trade on the 60m with a entry of 1.5747, initial stop of 1.5737, and a preserve mode of 1.5788.   This gives a max risk of 8 pips and a min. reward of 41 pips.   This is over 4:1 reward/risk ratio i.e. 400%+.   Here is the chart setup:

072914_eurnzd_chart

We have not reached preserve mode yet where we will protect our profits by tightening our stop.

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.


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Cloud, Currency, Daytrading, Forex, fxcm, Ichimoku, news, nzdcad, Strategy, Trading


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