On March 21st, 2016, we received an Ichimoku 5 time frame Buy email alert onGKN-LON, GKN for the UK FTSE Stock Market. The email alert is shown below:
We had a multi-time frame support at 285 and most of the other time frames were pointing to a bullish movement. Our entry was 285 with a stop at 284 and a target at 293. Our reward to risk was greater than 3 to 1, which allowed us to take the trade.
Unfortunately we got stopped out on the same bar we entered on.
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
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 cannot 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.
