WHR SP500 6 Timeframe Ichimoku Email Alert for the week ending June 24. On June 22, we received a 6 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 Bullish Pullback Trade on a 30m time frame provided by eSignal. Here is the chart setup:
WHR has MTF at 2hr, 1hr, 30m and 10m time frames. We will need to set the target at 3:1 reward risk ratio. Entry is 178.05, Initial stop is 177.44. However, our next resistance that is the target is at 180.41, which is a 3:1. The Pull back was triggered on June 22 at 1300hrs and it reached our target on June 23 at 0930hrs.
MCD SP500 6 Timeframe Ichimoku Email Alert for the week ending June 24. On June 23, we received a 6 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 Bearish Breakout Trade on a 60m time frame provided by eSignal. Here is the chart setup:
We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 119.66, Initial stop is 122.56 MCD’s next support level is at 118.79, which does not gives us a 1:1 reward risk ratio. The trade was not taken as it violates my trading rule.
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 info@eiicapital.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.
