July 16, We received an Ichimoku 3 time frame Buy Email alert on 2002-TSE, NISSHIN SEIFUN GROUP INC.
Click on the email alert image:
As you can see there are many time frame that has an ichimoku bullish strategy happening. We have chosen with 240M for a quicker trade and it has multi time frame matching support so a pull back strategy was used to limit our risk. When looking at the chart at the time of the email alert it has already retested the previous high and broke it, so now we should wait patiently to do a pull back to a strong support. The higher time frames are also all bullish which gives a higher probability of success.
The entry was 1655.90, initial stop of 1635.63, preserve mode of 1734.45.
The risk is 20.27 and the reward is 78.55 to preserve mode. Reaching to preserve mode, it is more than 3:1 reward/risk ratio.
Click on chart for reference:
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.