On Aug 19, 2013, we received an Ichimoku 5 time frame sell on the currency CADCHF for the forex market. Here is the email alert:
The CAD is weak and the CHF is strong against the major pairs. We are therefore, setting up a breakout trade on the 2h time frame. The entry would be 0.8908, initial stop of 0.8987, and a preserve mode of 0.8829. This would give us a max initial risk of 79 pips and a min. reward of 79. This would give us a potential of a 3:1 once the trade enters since the stop would move when we enter the trade. Here is the chart setup:
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.
