Ichimoku “Good Night Trade” -> Put the Trade on and go to sleep!

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  • Ichimoku “Good Night Trade” -> Put the Trade on and go to sleep!

Last night, at 7:49 pm EST I posted on Twitter that the GBPUSD has a multiple time frame day/swing support at 1.5497.   Here is the twitter feed:


This was a day/swing trade so the goal was to put the order on the 30m with low risk since we did not have a multiple time frame match on the long term time frames.   It was an aggressive trade.

Here is the chart setup:


In the forex world, everyone thinks you have to stay up all hours.   We don’t believe that at all!  This is a perfect example.   We setup the trade and we waited for the market to meet our conditions.   Once it did, we entered the trade with money management already in place while we were sleeping.   This risk was soo low that we didn’t need to move our stop at all.  This is why we can put this chart setup on and then go to sleep.

Here are the results:


Notice, with one contract, the risk was $15 to make $60.     This trade was taken in our “student account” to illustrate to everyone you don’t need much capital in order to trade the Forex/Currency market.   If you don’t have much money, do one contract with a good reward/risk ratio.   This will build your account slowly to a point, you can do multiple contracts.





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

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