Ichimoku Germany Stock Trade for the Week ending June 19th, 2015: LXS.D-CHX, LANXESS AG

On June 15th, 2015, we received an Ichimoku 5 time frame buy email alert on LXS.D-CHX, LANXESS AG for the German Stock Market. The email alert is shown below:

LXS61515

In the chart below, the vertical line represents the email alert time.  We had a mutli-time frame level at 51.04 which also lined up with our Ichimoku levels.  We did a 4hr pullback trade to the KS.  Our entry was 51.04, with a stop at 50.48 and target of 53.35.  Our initial reward/risk was 4:1.

See chart below for setup…

LXSD6-15

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