Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending April 22

Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending April 22

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

 

April 18 - 6 timeframe buy - Cotton No2April 18 - 6 timeframe buy - Cotton No2 - setup&complete no trade

6 timeframe buy alert on Cotton No.2 on April 18 @ 11:58EST. I identified an iMTF support on the 10m/30m/60m, however, by the I saw the alert, price was already at the pivot so I looked for a breakout setup instead of a pullback. The breakout did not provide a good reward-risk so we did not take this trade. Another thing to note is that price is very close to a major resistance on the Weekly timeframe so we don’t want to be taking a bullish trade and get caught up in a messy situation.

 

April 18 - 6 timeframe buy - Emini Nasdaq100April 18 - 6 timeframe buy - Emini Nasdaq100 - setup

6 timeframe buy alert on the Emini Nasdaq 100 on April 18 @ 14:58EST. I identified an iMTF support on the 30m/60m/120m/240m; I decided to setup my pullback entry at the iMTF off the 60m. Update: Price never pulled back to the iMTF level so we did not get a pullback trade; we then looked for a breakout trade but it had a poor Reward-Risk so we walked away from this opportunity.

 

April 18 - 6 timeframe buy - mini Dow

6 timeframe buy alert on the Emini Dow on April 18 @ 20:58EST.

 

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.

 

About the Author Maneshkumar Patel