On May 1, 2013, we received an Ichimoku 7 Multiply Time Frame Buy Forex Email alert on the currency CHFJPY. The email is shown below:
The trade was setup on a 2hr chart. The entry was 104.59, initial stop of 104.39, preserve mode of 105.30, and a target of 105.83. A target was chosen due to the higher time frames. This would give us a min. reward of 0.71 to the preserve mode and a 0.20 maximum risk. This would be a 3.5:1 reward/risk i.e. 350% return to preserve mode. Here is the chart setup:
Trade got to our target and it was automatically exited.
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
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