Ichimoku Forex Trade of the Week : 6-28-13 EURCHF Currency

  • Home
  • /
  • Blog
  • /
  • Ichimoku Forex Trade of the Week : 6-28-13 EURCHF Currency

On June 26, we received an Ichimoku 5 Time frame Buy email alert on the Currency EURCHF for the Forex market.  The email alert is shown below:

We setup the trade on the 60m chart.  The entry was 1.2274, initial stop of 1.2254, preserve mode of 1.2295, and a target of 1.2349.   A target was selected since this was a counter trend trade.    The max risk would be 0.0020  and the min. reward to the preserve mode would be 0.0021.   This would be a 1:1 min. reward/risk ratio on placing this entry.  When we enter, it would improve to over 3:1 i.e. 300%.

We exited the trade at 1.2320 in preserve mode.  Later, it did get to our target but we did not re-enter the trade due to the bad reward/risk.

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.