On July 9th, 2015, we received an Ichimoku 4 time frame buy email alert on FRE.D-CHX, Fresenius SE & Co KGaA for the German Stock Market. The email alert is shown below:
A breakout in the case made more sense, since the stock was approaching an all time high and we wanted to be certain that the breakout would create a new high. Our entry was 59.81 with an initial stop of 58.16. Given that this would put the stock in uncharted territory, we used our proprietary indicators to determine when to get out. These indicators are available to all of our students worldwide and are not shown in the blogs.
The red arrow indicates where we exited the trade due to the indicator (62.99). Sure there was more profit to be made but this indicator is like a safety net for us. Had we followed our typical strategy, we would be in the trade until July 21st when price broke the Kijun Sen and would have our assets tied up for another 6 days. All that for not that much more profit.
See chart below for setup…
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.