We reached our PRESERVE mode so we are now going to tighten our stop and PROTECT our profits. Many people go “round trip” on a trade where they are profitable and then they lose all the profits and then go negative. We don’t want to do that.
Our current stop is now going to be 1344. Our entry was 1340.75. This would give us a min. of 3.25 points profit. If the trend continues to move up, we will lock in more and more of our profits SAFELY.
If you like to learn how to trade the institutional way, go to www.ichimokutrade.com.
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
