We received a 4 timeframe buy signal on 19th December 2013 for the Malaysia stock Misc Berhad.
Below is the email alert:
The entry is at $5.57, initial stop at $5.38 and preserve mode level at $5.81. If it can reach the preserve mode level, it will be a minimum 126% reward risk ratio trade.
Below is the chart:
I like this setup for a few reason. Firstly, it is consolidating in a range; with lower high and higher low. I am looking for a consolidation breakout setup. Secondly, the entry is breaking the pivot high in the past (marked red arrow). If it can break past this level, it can get to the next resistance, which is the preserve mode level.
Below is the daily chart to see the bigger picture:
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 firstname.lastname@example.org
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.