AUDNZD Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending May 20. On May 16, we received an 6 and also 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 at a pull back trade on a 2h time frame provided by ThinkorSwim. Here is the chart setup:
Here you can see AUDNZD has a MTF on the 4hr, 2hr, 1hr, and 30m. The Pull back does not give me a good reward risk.
Will stay out of the trade due to my trading plan.
CADJPY Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending May 20. On May 18, we received an 6 and also 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 at a pull back trade on a 2hr time frame provided by ThinkorSwim. Here is the chart setup:
CADJPY has a MTF on 4hr, 2hr, 1hr, and 30m . Following my rules keeps me out of this trade because the reward risk is not a 3:1 for a pull back.
CHFJPY Forex / Currency 6 Timeframe Ichimoku Email Alert for the week ending May 20. On May 19, we received an 6 and also 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 at a pull back trade on a 2h time frame provided by ThinkorSwim. Here is the chart setup:
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CHFJPY has a MTF on D,4hr, 2hr, 1hr, 30m and 10m. Price did not pull back to the MTF so sentiment is saying strong bearish. Rules tell me look for a break out. Looking at the 30m for trade. The break out gives me a good reward risk. IF price can break the pivot low, then I’ll take the break out.
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.
