Monthly Archives: June 2013

Ichimoku Forex Trade of the Week : 6-28-13 EURCHF Currency

Posted on June 30th, 2013 by

On June 26, we received an Ichimoku 5 Time frame Buy email alert on the Currency EURCHF for the Forex market.  The email alert is shown below:

We setup the trade on the 60m chart.  The entry was 1.2274, initial stop of 1.2254, preserve mode of 1.2295, and a target of 1.2349.   A target was selected since this was a counter trend trade.    The max risk would be 0.0020  and the min. reward to the preserve mode would be 0.0021.   This would be a 1:1 min. reward/risk ratio on placing this entry.  When we enter, it would improve to over 3:1 i.e. 300%.

We exited the trade at 1.2320 in preserve mode.  Later, it did get to our target but we did not re-enter the trade due to the bad reward/risk.

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 …
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Ichimoku Future Trade of the Week 6-28-13 : Sell Silver Futures

Posted on June 30th, 2013 by

On June 25, 2013, we received an Ichimoku 5 time frame Sell email alert on the future Silver.    The email is shown below:

Due to Gold going down, all the metals were going down drastically.   Silver was going down at a higher percentage than Gold.   As a result, we were looking a bearish continuation trade on Silver on the lower time frames.    With this email, we setup for a 60m trade.   The entry was 19.317, initial stop of 19.721, and preserve mode value of 18.775.    This would give us a max reward of 0.404 and a min. reward of 0.649.   The min. reward/risk would be 1.6:1 i.e. 160%.    This would definitely go up once we have entered the trade since the stop would move down.   Right now, this the min. reward/risk on placing the order…not entering. Also, we setup for a breakout order instead of a pull back due to the consolidation pattern on the 60m.  Here is the chart setup:

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 …
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Ichimoku Stock Trade of the week 6-28-13 : IDA , Idacorp Inc.

Posted on June 30th, 2013 by

On June 24, 2013, we received a 6 time frame Sell Ichimoku Email alert on the stock IDA, Idacorp Inc.  The email is shown below.

 

In looking at the weekly time frame, IDA had bounced off the major support  of 46.19 which was the Ichimoku Kijun Sen.    Here is the weekly chart:

 

The email alert showed a selling opportunity on the 240m.    In examining the charts, the pull back trade at the Ichimoku Kijun Sen value of 47.56 would be in the middle of the consolidation pattern.   Also, if price pulled back to that level then it would go back above the consolidation support level which would not be good.     Here is the 240m chart:

 

Due to all these reasons, we did NOT enter the trade.   It is better to “walk away” from these type of trades instead of putting the trade on.   Why?   Well, there are a number of reasons.  First, it is not a high probability trade.   It is 50/50.   You can not win with these types of statistics.   Second, taking these types of trades can setup a bad habit which …
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“Luna” effects on the person

Posted on June 24th, 2013 by

“Luna” is Italian derived from Latin term meaning “moon”.    Most people believe when there is a full moon, people behave strangely.    This is how the words “this person is loony” comes from.

Do you think it affects traders too?

Psychology of Trading 101!

 

 


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What it takes to become a Leader?

Posted on June 18th, 2013 by

In order to succeed in CONSISTENTLY making money in trading, you have to become a leader.   The charts will have no mercy, don’t show emotions, and will do whatever they want.    A follower will lose against the charts.

So what does it take to become a leader?    What characteristics should a person have to become a leader?  These are some of the questions that people ask when we bring up this topic.

The final stage for a test I perform with my active students is as follows:

I get my active students to start to teach.   During the teaching process, you are around various students.  Each student is unique and has different obstacles to overcome.   Therefore, there is a lot of “bad karma” within each student that the teacher has to help remove.  The “bad karma” could be from being impatient, not being humble, greedy, etc.   This is all to do with psychology of trading.    Obstacles that will stop the student from learning and getting to a level where they can make profits consistently.

During the teaching process, the question is how will all this “karma” from the students affect the teacher.   …
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Ichimoku Forex Trade of the Week 6-14-13 : CADCHF Currency Sell

Posted on June 15th, 2013 by

On June 11, 2013, we received a Ichimoku 6 time frame Forex email sell alert on the current CADCHF.  Here is the email:

 

We setup the trade on the 2h time frame.   This was an aggressive trade since we are trading within a consolidation pattern.   The entry was 0.9133, initial stop of 0.9152, and preserve mode value 0.9033.    This would give us a min. reward of 100 and a max risk of 19.   The reward/risk would be 5:1 i.e 500%+.   Here is the chart setup:

 

We exited the trade at 0.9001 in preserve mode.

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. …
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Ichimoku Future Trade of the Week : 6-14-13 Sugar Futures

Posted on June 15th, 2013 by

On June 10, 2013, we received a 6 Ichimoku time frame multi time frame Sell on the Future Sugar.   The email is shown here:

Since we are dealing with futures, we are going to setup the trade on a 2h chart.   The setup is going to be aggressive since we are looking at a pull back trade within a consolidation pattern.    The entry is 16.46, initial stop 16.50, preserve mode of 16.33.     This would give us a min. reward of 0.13 and max risk of 0.04.   The reward/risk would be 3:1 i.e. 300%+.    Here is the chart setup:

 

We exited the trade in preserve mode at 16.30.

 

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 …
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Ichimoku Stock Trade of the Week : 6-14-13 BBBY Bed Bath & Beyond

Posted on June 15th, 2013 by

On June 10, 2013, we received a 6 time frame Ichimoku Email Buy alert on the stock BBBY, Bed Bath & Beyond.   The email is shown here:

 

BBBY has been trending for a long time now.   Therefore, we want to be extremely careful on any bullish trades we take because the profits will be limited.   To keep risk low, we took a daily pull back trade.    The Entry was 68.29, initial stop of 67.86, and a preserve mode value of 70.41.    This would give us a min. reward of 2.12 and a max risk of 0.42.   The min. reward/risk would be 5:1 i.e 500%.   The chart is below:

 

We are currently in the trade and already in Preserve mode.   The current stop 70.56.

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 …
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CANADIAN STOCK Ichimoku Trade of the Week: June 03 – June 07, 2013.

Posted on June 10th, 2013 by

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on June 03, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go SHORT on CALLOWAY REAL ESTATE INVESTMENT TRUST’s stock. The Entry was at $27.77 and the Initial Stop for the trade was $28.01. A risk of $0.24 per share. As the price started to move down in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. The stop got hit at $26.76 on a retracement of the price after a substantial profit had been locked in. There was a profit of $1.01 per share. The Risk to Reward ratio was 1 : 4.21.

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 …
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INDIAN STOCK Ichimoku Trade of the Week: June 03 – June 07, 2013.

Posted on June 10th, 2013 by

This is the weekly trade for the Indian Stock Market. We received an Email Alert on June 03, 2013 for a 5 time frame Buy / Sell opportunity.

There was a signal to go SHORT on Neyveli Lignite Corporation LTD.’s stock. The Entry was at Rs.65.89 and the Initial Stop for the trade was Rs.67.24. A risk of Rs.1.35 per share. As expected, the trade moved in the favour and and the profit has already been locked in at Rs.62.96, based on Proprietary Ichimoku system. If the share price turns around from here and goes upwards, there is a sure profit of Rs.2.93 per share. If the price continues to follow in the favour of the trade, more profits will be locked in. The Risk to Reward ratio was 1 : 2.17. 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 …
Read More >>