Ichimoku Forex Trade of the Week 5-17-13 : GBPAUD Currency 6 Time Frame Buy

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  • Ichimoku Forex Trade of the Week 5-17-13 : GBPAUD Currency 6 Time Frame Buy

On May 14, 2013, we received an Ichimoku Forex 6 time frame Buy Email alert on GBPAUD currency.   Here is the email alert:

We setup on a 120m pull back trade due to the short consolidation pattern.    The entry was 1.5366, initial stop of 1.5346, and preserve mode value of 1.5439.    This is a min. reward of 73 pts, and a max risk of 20 pts i.e.  3.65:1 reward/risk ratio = 365% min. profit.   Here is the chart:

We entered preserve mode and then exited at 1.5585.    This was a 219 pts with an initial risk of 20 pts.   We ended up with a 10:1 i.e. 1095%.


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