FTSE London Stock Exchange Ichimoku Trade of the Week 8-10-12

On Aug 6, 2012, we received a 4 timeframe buy opportunity on RDSA-LON, Royal Dutch Shell-A on the FTSE London Stock Exchange. Here is the email alert:

Below is the chart. It shows an entry at 2258, initial stop of 2165, and a preserve mode 2286. This was would be a reward of 28 and a risk of 93. This is an inverted reward/risk ratio where we are risking too much to make a little profit. The probabilities are high on these trades but they are not worth the risk. Therefore, we are not going to take this trade. It is better to be at zero then to be negative or take unnecessary risk. Sometimes, the best trades are the ones you do not take.

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

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