On November 4, 2013, we received a 7 time frame Ichimoku email alert on the US stock, SO, Southern Company. The email alert is shown below.
We setup the trade on a 4hr time frame. The entry was 41.78, initial stop of 42.14, and a preserve mode value of 40.60. This would give us a max risk of 0.36 and a min. reward of 1.18. This is a min. of 3:1 reward/risk i.e. 300% >. Here is the chart setup.
We entered preserve mode now and the stop is 41.41. The trade is “free” with no risk since our stop is below our entry.
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.
