On August 7th, 2015, we received an Ichimoku 4 time frame sell email alert on SBRY-LON, SAINSBURY for the UK FTSE Stock Market. The email alert is shown below:
We had our higher time frames in our favor, so we placed breakout order at 249.495, initial stop 259.871 and preserve mode 237.938. Now on breakouts our reward to risk has to be around 1 to 1 or we do not take the trade. In this case it was slightly better then 1 to 1 so we placed the trade. By having a 1 to 1 initial ratio, our entry ratio will be close to 3 to 1.
See chart below for 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
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