$MiddleEast Stock Market Trade of Week $SAUDI $2010-SAU. On April 4, we received a 7 Time frame Ichimoku Buy Email alert for $2010-SAU, Saudi Basic Industries Corp. Here is the email alert received.
Our trading plan only allows us to trade Strategy #4. We will take the trade off the 60m. Below is the 60m chart provided by eSignal.
Price has been consolidating for a long time. As a result, we are going to look for a breakout trade instead of pull back. The entry is 97.69, initial stop of 95.89, and preserve mode of 99.51.
Below is the result. The trade got to preserve mode and still has not exited yet. The current stop is 100.37.
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.