$PL Platinum Futures trade of the week for the week ending May 5. On April 30, we received a 4 Timeframe Ichimoku Sell Alert for the Natural Gas Futures. Here is the email alert:
Our trading plan indicates that we can only take strategy #4. Therefore, our trading timeframe was 60m.
Below is the 60m chart provided by TradingView.
At the time of the email alert, I had the option of looking for either a bearish breakout or a bearish pullback trade. Since there was no IMTF™ resistance, I would not even consider a pullback trade.
I then assessed the bearish breakout trade which provided me an adequate Reward:Risk. Price eventually got to my entry and swiftly continued downwards hitting the target!
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.
