Ichimoku Germany Stock Trade for the Week ending January 29th, 2016: ADS.D-CHX, Adidas AG

On January 25th, 2016, we received an Ichimoku 5 time frame buy email alert on ADS.D-CHX, Adidas AG for the German Stock Market. The email alert is shown below

ADS:

We initially had an Ichimoku 5 time frame buy email alert on January 20th, but our order did not fill for the 2hr Kijun Sen pullback at 88.45.  Price got to 88.49 which was just shy of or entry.

We received another alert on January 25th and the charts were still bullish so we placed a breakout order at 95.35. This level would clear the previous pivot and create a new high.  Our stop is 87.35 and our target at 103.35, giving us an initial reward to risk of 1 to 1.

See chart below for setup….

12816ADS2

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.

About the Author Maneshkumar Patel