Taking a look at the 7x email alerts for S&P500 for the week of April 15

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Typically a Heatmap 7 time and 6 time frame email alert is high probability for a trend to begin. But it can also be a high probability to reverse. I’m using a 3 Step Trading Plan. 1st I find an Email Alert. 2nd find the major iMTF (ichimoku Multi Time Frame) support/resistance level. 3rd Money Management. Find my stop by using ATR (Average True Range) 26(BARS)/2. Then take that value and deduct it from the iMTF. Trail stop off the kijen-sen (26 bar line). Look for 3:1  reward/risk for pull backs and 1:1 reward risk for break outs. Lets take a look at this past weeks email alert.

Watching how price reacts to these iMTF’s,  you can tell you a lot about he chart. You can see how strong the sentiment of the chart is. Here are a few rules to consider with iMTF’s and its relation to price.

1. If price does not pull back the iMTF,  then we have strong sentiment for a break out.

2. If price pulls back to the iMTF and holds, we now have a pull back with a high probability to the pivot,

3. If price does pull back to the iMTF and breaks it, then we have weakness, which could lead to a consolidation or a reversal.

Rule one is really strong sentiment. Rule two is strong and probabilities can be increased with optimization rules. And rule three is weakness, which can also be looked at as counter trend strength.

1304_7TF_BMY_1hr_PB_No RR


This is a 1hr pull back. I don’t have a good reward risk for the pull back so I cant take the trade.

1204_7TF_PRGO_1hr_BO_No RR

This is a 1hr pull back.break It did not pull back to the iMTF, so my rules say take out. I don’t have a good reward risk for the break out so I cant take the trade.

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 info@eiicapital.com

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