On November 12th, 2015, we received an Ichimoku 4 time frame buy email alert on SIE.D-CHX, Siemens Aktiengesellschaft for the German Stock Market. The email alert is shown below:
We took the 1hr pullback at 93.30, as that was a multi time frame support. Our stop was 92.84 and our preserve mode at 95.25. Our reward to risk ratio was greater than 4 to 1. We got stopped out for a small loss, which is fine since we keep our reward to risk ratio at minimum of 3 to 1.
See chart below for setup….
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