Yesterday, we posted the description of the Stock Tax Strategy that a lot of people are trading at this time. Click for article
We wanted to follow up now with how we trade this strategy with Ichimoku.
The list of all the potential stocks was listed in the previous article. We took the list and filtered it based on the stocks that are at a weekly/monthly support. Here is the filtered list: US_Tax_2014_Ichimoku.
Now, we will be looking for bullish Pull back/Breakout Ichimoku setup on 30/60/120/240 time frame. The time frame and the type of order depends on your trading plan.
The goal is to trade the higher time frame over sold pull back. The trend is still bearish on a lot of these instruments so you have to keep your RISK low. As a result, a pull back with multiple time frame matching will be demanded.
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.