On 7-30-12, we received a multi-time frame email alert on the Indian BSE Stock ACC-BOM. The email is shown below:
The trade setup is shown on the chart below. The entry was 1324.25, initial stop of 1275.00, and a preserve mode value of 1345.00. The min. reward would be 20.75 with an initial risk of 49.25. This is an INVERTED reward/risk ratio where you are risking more to make very little. As a result, this is a trade you DO NOT want to take. You can see the current chart today.
Sometimes the best trades are the ones you don’t enter because you rather be at ZERO than be NEGATIVE.
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
EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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
