Based on the filtering on the heatmap for the SP500, we found a bearish counter trend trade. It is for the stock AES. The entry is 12.58, initial stop of 12.64, preserve mode value of 12.26, and a target of 12.04. This would give us a max. risk of 0.06 and a min. reward of 0.32 to the preserve mode. This would give us 3:1+ reward/risk i.e. 300%+. Here is the chart setup:
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 email@example.com
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.