Ichimoku Germany Stock Trade for the Week ending March 11th, 2016: EOAN.D-CHX, E.ON SE

On March 8th, 2016, we received an Ichimoku 5 time frame sell email alert on EOAN.D-CHX, E.ON SE for the German Stock Market. The email alert is shown below.

31216EOAN

We wanted to take the 2hr breakout, but our reward to risk entry rules prevented us from doing so.  Our risk on the 2hr was greater than the reward, so we went down to the 1hr and the risk was even higher.  So we could not enter the trade.

See charts below for setup….

31216EOAN120 31216EOAN2

 

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