Trading with Ichimoku Clouds by Manesh Patel

Author:Manesh Patel
Language: eng
Format: epub
Publisher: Wiley
Published: 2010-05-13T16:00:00+00:00

Statistics Value

Entry Date Feb 27, 2008

Entry Price 1.5025

Entry Stop 1.4751

Entry Risk 274 pips

TABLE 3.14 Trade Statistics for EURUSD on Feb 27, 2008, Trade #6

Statistics Value

Entry Date Feb 27, 2008

Entry Price 1.5025

Entry Stop 1.4751

Entry Risk 274 pips

Exit Date Feb 27, 2008

Exit Price 1.5119

Profit 94 pips

Max Profit 118 pips

Risk/Reward 7.29

Comment Risk/Reward is high since we exited the trade on the same day as entry. Therefore, it is “inflated.”

On March 6, 2008, we entered Preserve mode for our bullish trade (Figure 3.90) and are now at a free trade. Notice that every time we enter Preserve mode, it is almost the same day as we get to a free day. That has worked out nicely so far. It may change later in time but so far it has worked for more than 1½ years of backtesting.

FIGURE 3.90 TradeStation Daily Ichimoku Chart of EURUSD Mar 6, 2008

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