We exited the trade at 1344. The entry was 1340.75 so this was a 3.25 pt profit on the E-Mini SP500 futures.
Attached is the latest chart. Notice, how price reversed at your PRESERVE mode value.
In our university program, there are two ways you can manage a counter trend trade. If you are a conservative trader, you would exit at the preserve mode value. If you are an aggressive trader, you would tighten your trailing stop in order to preserve your profit.
If you would like to learn more how to trade like an institutional trader, go to www.ichimokuwebsite.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
