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Ichimoku Germany Stock Trade for the Week ending March 4th, 2016: LHA.D-CHX, Deutsche Lufthansa Aktiengesellschaft

On February 26th, 2016, we received an Ichimoku 3 time frame buy email alert on LHA.D-CHX, Deutsche Lufthansa Aktiengesellschaft for the German Stock Market. The email alert is shown below.

3516LHA

When we got the alert, we saw an opportunity for a 1hr pullback and breakout.  The reward to risk ratio on the breakout was less than 1 to 1 so we went with the pullback.  Our entry was 13.46 with a stop at 13.37 and our preserve mode at 13.81.  When we reach preserve mode we tighten up or stop.  We got out at 14.08, which was a major resistance level on the higher time frame.

See chart below for setup….

3516LHA

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