Malaysia Ichimoku Stock Trade of the Week (23-9-2013) 6807-KLS PUNCAK NIAGA

  • Home
  • /
  • Blog
  • /
  • Malaysia Ichimoku Stock Trade of the Week (23-9-2013) 6807-KLS PUNCAK NIAGA

$On 23rd Sept 2013, we received a 4 timeframe buy signal for the Puncak Niaga.

Below is the email:

 

 

 

 

 

 

 

 

 

We noticed a pullback setup to the kijun sen and our entry is at $3.06 , stop $3.02, preserve mode $3.13 and target $3.24. If we can reach our preserve mode, it will be a 175% reward risk ratio. Seeing that the higher time frame is still very bullish, we managed to reach our target that gave us a 450% reward risk ratio. We took profits at mentioned target because the market has been trending strongly on the weekly and it was also a strong resistance.

Below is the chart:

 

 

 

 

 

 

 

 

 

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.