Ichimoku Forex Trade of the Week Aug 29, 2014 : 4 time frame Sell GBPAUD Currency

  • Home
  • /
  • Blog
  • /
  • Ichimoku Forex Trade of the Week Aug 29, 2014 : 4 time frame Sell GBPAUD Currency

Aug 25, 2014 04:30:08 AM EST, we received an Ichimoku 4 time frame Sell Email alert on the GBPAUD Currency for the forex market.  Here is the email alert:


The instrument is already trend.  As a result, we are going to keep our risk now and trade a pull back trade on the 240m.   The entry will be 1.7855, initial stop of 1.7879, and a preserve mode value of 1.7776.   This would give us a max risk of 23 pips and a min. reward of 79 pips.   This is over 3:1 reward/risk ratio.  Here is the chart:


We reached our preserve mode value and then we tightened our stop.  We got stopped out for a profit at 1.7743.

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.