$Asia Ichimoku Trade of the Week $SES Singapore 7 time frame Buy. On April 4 we received a 7 Time frame Ichimoku Buy Email alert for $W05-SES, Wing Tai for the Sginapore $SES stock market. Here is the email alert received.
Our trading plan only allows us to trade Strategy #4. We will take the trade off the 120m. Below is the 120m chart provided by eSignal.
We evaluated both breakout and pull back trades. Due to money management, a breakout trade would not be good due to the major pivot resistance in the past. Therefore, we setup for a pull back trade since we had a IMTF™ black square support in the setup zone. The entry, initial stop, and preserve mode are shown on the chart.
The entry was triggered a couple bars later. Upon entry, it was noticed that the black square support was no longer there. Therefore, the trade was exited. The pull back took too long that the multiple time frame support disappeared. People think about price only but the IMTF™ incorporated time and price.
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.