ABC SP500 7 Timeframe Ichimoku Email Alert for the week ending Oct 28. On Oct 26, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com. Here is the email alert:
Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bearish Pull Back Trade on a 30m time frame provided by eSignal. Here is the chart setup:
There is a 120/60/30/10 iMTF Resistance@79.83, which is also our entry. Initial stop is 78.03. Our target will be the pivot low @ 79.10. Now, the reward risk ratio was a 3:1, hence we decide to take the trade as it did fit our trade plan. The trade has been triggered on the 27 Oct. It reached our target on 28 Oct.
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