On November 5, 2013, we received an Ichimoku 4 time frame email alert buy for the NQ futures, Nasdaq. The email alert is shown below.
In looking at the 2h hour chart, two observations were made. First, price was consolidation. Second, the major trend was already occurring based on daily time frame so we had to be careful.
Sometimes, the best trades are the ones you don’t take since there was no high probability scenario at all.
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.
