7x email alerts for SP500 for the week of May 13

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7x email alerts for SP500 for the week of May 13, two of the SP500 stocks caught my attention as it fulfills my ichimoku trading plan for a Breakout trade.

The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431

On 13 May 2016, we received an Ichimoku email alert 7 time frame BUY on the SP500 stock SCG -SCANA Corp. Here is the email alert:

1305_SP500 7TF SCG BO Alert

Took the 1hr Bullish Breakout, as SCG is at an all time high. We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 71.41, Initial stop is 69.70 and Preserve Mode is 73.13. Lets take a look at the chart from Esignal:

1305_SP500 7TF SCG BO

UPDATE (27/5): The trade was cancelled as it went to our Stop level first and did not trigger our entry.

 

On 13 May 2016, we received an Ichimoku email alert 7 time frame BUY on the SP500 stock ADS-Alliance Data System. Here is the email alert:

1305_SP500 7TF ADS BO Alert

Took the 1hr Bearish Breakout, ADS’ next support is at 177.25 and that is where we will put our preserve mode. The preserve mode for this trade is more than the 1:1 reward risk ratio. Entry is 196.28. Initial stop is 204.45. Lets take a look at the chart from ESignal:

1305_SP500 7TF ADS BO

UPDATE (27/5): The trade was cancelled as it went to our Stop level first and did not trigger our entry.

 

 

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