Monthly Archives: July 2012

LXRX Daily Pullback

Posted on July 24th, 2012 by

Recently we traded LXRX -Lexicon Pharmaceuticals off of our small cap breakout scanners in the Ichimoku chat room. We have been waiting for the stock to have a major pullback to reenter the trade. We believe this happened today as the stock pulled back to its Daily KS which is the green line on the attached chart and it is also referenced by the horizontal line at 2.54. We purchased the stock between 2.50 and 2.54. Currently our stop will be a break of 2.35. Our first target will be the Daily TS or the red line which is currently around 2.85 and we will sell half.

Until then……


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Ichimoku ES Future Day Trade Update E-Mini SP500 7-23-12: Trade Exit

Posted on July 23rd, 2012 by

We exited the trade at 1344. The entry was 1340.75 so this was a 3.25 pt profit on the E-Mini SP500 futures.

Attached is the latest chart. Notice, how price reversed at your PRESERVE mode value.

In our university program, there are two ways you can manage a counter trend trade. If you are a conservative trader, you would exit at the preserve mode value. If you are an aggressive trader, you would tighten your trailing stop in order to preserve your profit.

If you would like to learn more how to trade like an institutional trader, go to www.ichimokuwebsite.com.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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 …
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Ichimoku ES Future Day Trade Update E-Mini SP500 7-23-12: Stop adjustment

Posted on July 23rd, 2012 by

We reached our PRESERVE mode so we are now going to tighten our stop and PROTECT our profits. Many people go “round trip” on a trade where they are profitable and then they lose all the profits and then go negative. We don’t want to do that.

Our current stop is now going to be 1344. Our entry was 1340.75. This would give us a min. of 3.25 points profit. If the trend continues to move up, we will lock in more and more of our profits SAFELY.

If you like to learn how to trade the institutional way, go to www.ichimokutrade.com.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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 …
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Ichimoku ES Future Day Trade Setup E-Mini SP500 7-23-12

Posted on July 23rd, 2012 by

We are looking for a quick low risk day trade on the ES, E-Mini SP500 futures. It is a countertrend trade since we are now over sold.

Below is a chart. It shows a pull back trade with an entry of 1340.71, initial stop of 1339.45, and a PRESERVE mode value of 1347.42. At preserve mode,we will tighten our stop to protect our profits. Until we get to PRESERVE mode, we use a trailing stop.

To learn how to day trade futures safely i.e. low risk/high reward, go to www.ichimokutrade.com

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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. …
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ADSK Stock Option Trade Setup 7-18-12

Posted on July 18th, 2012 by

August 16 is the Earnings date for ADSK. Earnings will be announced before August expiration date. Therefore, we are going to look for an option trade if Technical shows a possible trade.

3 times now, we have bounced off the support of 30.13. The sentiment is still bearish but we can experience a long term pull back to the value of 35.61. If price can break 32.68 then there is high probability, we may undergo a pull back.

Here is the risk graph for the option trade we are looking at. This trade is for the aggressive option trader. The conservative trade is shown below this one.

Per contract, we will be risking $28 to make a possible $72. This is 250% return in 1 month. As long as the stock is above 35 by expiration, we can get the max profit of $72/contract.

It is a low risk trade with high reward.

If you want to go out further than August just in case they delay the earnings announcement or need more time, you can do the following option trade. It has a reward/risk of less than 200% but the expiration date is Oct. This is for …
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GBPAUD Trade Canceled

Posted on July 18th, 2012 by

The Pullback level was 1.5159. It missed our entry by a couple of pips. We didn’t adjust our entry because we are not going to “chase the market”. Entry will only be done on our conditions.

The setup is no longer valid so we canceled the trade setup and looking for other opportunities now.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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


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Currency Forex Ichimoku Trade Setup: GBPAUD Pull back 30m trade

Posted on July 18th, 2012 by

Below is the chart setup for GBPAUD trade for the Forex market. It is a low risk pull back trade on the 30m time frame. It is a multi-time frame signal we received.

The entry is 1.5164 with an initial stop of 1.5174. This is a 10 pips risk. The min. reward we will calculate to our T1 target which is 1.5143. The min. potential reward will be 21 pips. This is a 200+% profit. We will take some positions off at T1 price target. At T2, we will go into PRESERVE mode where we will tighten our stop. If price gets to T2, we will get a potential reward of over 52 pips i.e. 500%+ profit.

If you would like to learn more how to trade the institutional way, go to www.ichimokutrade.com for more information about our education program, multi-time frame signals, etc.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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 …
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Live your life by a compass, not by a clock.

Posted on July 18th, 2012 by

The world lost one of the greatest man I have known, Dr Stephen Covey. He was 79.

Dr Stephen walked his talk and changed people’s life. It has been many years since I last read “the 7 Habits” and the below video re-enforced what I have learned. He was never a trader, but what he talks about can be applied to a trader.

Check out his speech he gave in 2008 to a graduate audience:

Live your life by a compas not by a clock

Steven’s 7 Habits: Habit 1: Be Proactive Habit 2: Begin with the End in Mind Habit 3: Put First Things First Habit 4: Think Win-Win Habit 5: Seek First to Understand Habit 6: Synergize Habit 7: Sharpen the Saw

Below are 10 quotes from Stephen Covey that have the power to completely change the direction of one’s life: 1)      The key is not to prioritize what’s on your schedule, but to schedule your priorities. 2)      The main thing is to keep the main thing the main thing. 3)      Live out of your imagination, not your history. 4)      Trust is the glue of life. It’s the most essential ingredient in effective communication. It’s the foundational …
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Are you trading like a Retail Trader or Institutional Trader?

Posted on July 11th, 2012 by

A lot of retail traders have a hard time with the following: 1. Where to Enter. 2. Where to place the Initial Stop. 3. Where to “protect” your profits so you don’t give back your profits. Statistics show that retail people know how to make money but majority of the times they loss it. 4. When to get out.

In order to learn how to resolve these issues, you need to take an Institution based Education program. Notice, I didn’t say course. Trading is all about experience on the charts. If you don’t have support after the class, there is no use taking the course at all.

Also, the course can not be a retail program either. You need to learn how the “Big Money” trades. You need to learn psychology of trading, money management, etc.

Below is a chart of the EURUSD 2 hour chart. We have tools that show the student when to look at a chart, where to enter, where to place the initial stop, what the min. reward/risk would be before the trade has entered, when to “protect” your profits, when to get out due to extreme conditions, etc.

Notice, the entry was placed …
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Currency Trade Of The Week

Posted on July 9th, 2012 by

Attached is our EURCAD Short Trade of the week off the 120 min chart.

First price broke through the bottom of the cloud and at the same time Chikou was also below the cloud so momentum was on our side. We waited for price to rally up and make a pivot. Which it did which is shown on our entry point by the green horizontal line and blue arrow. Our entry point was 1.2780. We will use the horizontal green line plus a buffer as our stop eventually graduating to the 120 KS. I’ve also drawn in a downward sloping light blue line to show the deep downtrend that price is taking. At this point our stop will be the drawn in red horizontal line plus a buffer which is at 1.2584. It can also be a spot to add on to the trade with minimal risk. However if the KS drops below TS before that then we may exit the trade earlier.

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks …
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