Typically a Heatmap 7 time and 6 time frame email alert is high probability for a trend to begin. But it can also be a high probability to reverse. I’m using a 3 Step Trading Plan. 1st I find an Email Alert. 2nd find the major iMTF (ichimoku Multi Time Frame) support/resistance level. 3rd Money Management. Find my stop by using ATR (Average True Range) 26(BARS)/2. Then take that value and deduct it from the iMTF. Trail stop off the kijen-sen (26 bar line). Look for 3:1 reward/risk for pull backs and 1:1 reward risk for break outs. Lets take a look at this past weeks email alert.
Watching how price reacts to these iMTF’s, you can tell you a lot about he chart. You can see how strong the sentiment of the chart is. Here are a few rules to consider with iMTF’s and its relation to price.
1. If price does not pull back the iMTF, then we have strong sentiment for a break out.
2. If price pulls back to the iMTF and holds, we now have a pull back with a high probability to the pivot,
3. If price does pull back to the iMTF and breaks it, then we have weakness, which could lead to a consolidation or a reversal.
Rule one is really strong sentiment. Rule two is strong and probabilities can be increased with optimization rules. And rule three is weakness, which can also be looked at as counter trend strength.
Here is AUDJPY 6x ALERT with 2 iMTF both with D.184.108.40.206 matching. Start with the first iMTF at 85.14.
Take these multi time email alerts and look for Ichimoku Multi Time Frame (iMTF) support/resistance to find low risk pull backs. You can see how important it is to identify the iMTF. So when looking at the email alerts, the first thing I want to look for is the iMTF. If there is no iMTF then I don’t take the trade. If there is an iMTF, then I place a trade at that iMTF. If price does not pull back to the iMTF then this means the sentiment is strong and then I place a break out order. Use the chart to give you clues to what price wants to do. Also don’t forget about reversals. If price breaks the iMTF then look for it to come back and retest it for the reversal. As you can see there are great opportunities to find a trade. Ichimoku is designed to save you time, so is this website. Take advantage of the multi email alerts, combined with real time scanner iMTF’s to help you find high probability trades.
If you have any questions about how to use the multi time email alerts or set up real time scanner, email me at email@example.com. I will set up a 30m help session.
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