Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending April 22
The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431
6 timeframe buy alert on Cotton No.2 on April 18 @ 11:58EST. I identified an iMTF support on the 10m/30m/60m, however, by the I saw the alert, price was already at the pivot so I looked for a breakout setup instead of a pullback. The breakout did not provide a good reward-risk so we did not take this trade. Another thing to note is that price is very close to a major resistance on the Weekly timeframe so we don’t want to be taking a bullish trade and get caught up in a messy situation.
6 timeframe buy alert on the Emini Nasdaq 100 on April 18 @ 14:58EST. I identified an iMTF support on the 30m/60m/120m/240m; I decided to setup my pullback entry at the iMTF off the 60m. Update: Price never pulled back to the iMTF level so we did not get a pullback trade; we then looked for a breakout trade but it had a poor Reward-Risk so we walked away from this opportunity.
6 timeframe buy alert on the Emini Dow on April 18 @ 20:58EST.
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