On Aug 6, 2012, we received a 4 timeframe buy opportunity on RDSA-LON, Royal Dutch Shell-A on the FTSE London Stock Exchange. Here is the email alert:
Below is the chart. It shows an entry at 2258, initial stop of 2165, and a preserve mode 2286. This was would be a reward of 28 and a risk of 93. This is an inverted reward/risk ratio where we are risking too much to make a little profit. The probabilities are high on these trades but they are not worth the risk. Therefore, we are not going to take this trade. It is better to be at zero then to be negative or take unnecessary risk. Sometimes, the best trades are the ones you do not take.
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EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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
