Ichimoku Germany Stock Trade for the Week ending August 7th, 2015: DTE.D-CHX, Deutsche Telekom AG

On August 4th, 2015, we received an Ichimoku 5 time frame buy email alert on DTE.D-CHX, Deutsche Telekom AG for the German Stock Market. The email alert is shown below:

8915DTE

 

We are waiting for our 4hr Kijun Sen pullback trade to trigger.  Our entry is 16.75, our stop 16.60 and our target is 17.28.  Reward to risk ratio is 3.5 : 1.  There is some weakness on the weekly chart that could cause the price to dip below the 16 level.  So if this trade fails, price will most likely get below 16.

See chart below for setup…

8915DTE

 

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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.

About the Author Maneshkumar Patel