Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending April 15
The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431
6 timeframe buy alert on the 5-Year U.S. Treasury Notes on April 10 @ 17:59EST. I identified an iMTF support on the 30m/60m/120m; I decided to enter at the MTF support off the 30m chart. The pullback provided us a reward-risk of 4:1. We got entered into the trade during the 18:30EST bar after which we held our pullback level and went straight to our Preserve Mode – successful trade!
7 timeframe buy alert on the 10-Year U.S. Treasury Notes on April 10 @ 23:06EST. I identified an iMTF support on the 30m/60m/120m; I decided to enter at the MTF support off the 60m chart. The pullback provided us the 3:1 reward-risk that we look for. On this trade we got stopped out for our initial risk which we are totally ok with! In hindsight we can see that since we did not have a matching support on the higher timeframes (240m/Daily etc..) we entered knowing that we had a lower probability of success to begin with.
6 timeframe sell alert on Copper on April 11 @ 06:09EST. By the time we received the email alert, the lower timeframe pullbacks had occured, which meant we were now looking for a breakout opportunity. The 60m looked like the best bet but we did could not find an appropriate reward-risk so we did not take this trade.
6 timeframe buy alert of mini Russell 2000 on April 12 @ 18:07EST. I identified an iMTF support on the 30m/60m/120m/240m, however, price never pulled back to this iMTF suggesting a strong sentiment so I looked for a breakout. In this case, the breakout did not have a good reward-risk so we did not take this trade. As you can see in the chart, the breakout did trigger, but has since spent a considerable amount of time consolidating under the Preserve Mode – this goes to reinforce the value of following both our technical and money management rules!
6 timeframe buy alert on Corn on April 13 @ 02:37EST. I identified an iMTF support on the 10m/30m/60m/120m/240m/Daily, however, price never pulled back to this iMTF suggesting a strong sentiment so I looked for a breakout. In this case, the breakout did not have a good reward-risk so we did not take this trade. Once again, the breakout did trigger and in this case it even hit our Preserve Mode – regardless of this, we are happy that we walked away because we are rules-based traders.
7 timeframe buy alert on mini-sized Silver on April 15 @ 04:08EST. I identified an iMTF support on the 30m/60m/120m/240m. I decided to setup my entry off the iMTF support on the 120m. Based on the Preserve Mode we selected, we got the reward-risk we needed to go ahead with this trade. We got entered into this trade on the 09:00EST bar at which point price held out iMTF and went straight for the Preserve Mode – successful trade!
6 timeframe buy alert on Emini S&P MidCap 400 on April 15 @ 14:59EST. I identified an iMTF support, however, price had already done the pullback to it before I received the email alert. I decided to then look for a breakout but the reward-risk was not acceptable so we walked away from this trade.
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