Ichimoku Forex Trade of the Week 9-13-13 : EURJPY Currency Buy

  • Home
  • /
  • Blog
  • /
  • Ichimoku Forex Trade of the Week 9-13-13 : EURJPY Currency Buy

On Sept 9, 2013, we received an Ichimoku 6 multiple time frame Buy email alert on EURJPY currency for the forex market.   The email is shown below.

A lot of people don’t know how to treat the gaps that occur in the currency market on Sunday night.  Here is a good example of a low risk trade.   During a gap, you want to trade the highest time frame because it filters out the noise.   We choose the 240m time frame.     The entry was 131.013, initial stop of 130.82, and preserve mode of 131.83.   This would give us a max risk of 0.23 and a min. reward of 0.82.   The min. reward/risk would be 3:1 i.e. 360%+.  Here is the chart setup.

 

We entered preserve mode and exited the trade at 132.78 with a gain of 177 pips.

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.