Ichimoku ES Future Day Trade Update E-Mini SP500 7-23-12: Stop adjustment

We reached our PRESERVE mode so we are now going to tighten our stop and PROTECT our profits. Many people go “round trip” on a trade where they are profitable and then they lose all the profits and then go negative. We don’t want to do that.

Our current stop is now going to be 1344. Our entry was 1340.75. This would give us a min. of 3.25 points profit. If the trend continues to move up, we will lock in more and more of our profits SAFELY.

If you like to learn how to trade the institutional way, go to www.ichimokutrade.com.

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About the Author Manesh Patel