On November 12th, 2015, we received an Ichimoku 4 time frame buy email alert on SIE.D-CHX, Siemens Aktiengesellschaft for the German Stock Market. The email alert is shown below:
We took the 1hr pullback at 93.30, as that was a multi time frame support. Our stop was 92.84 and our preserve mode at 95.25. Our reward to risk ratio was greater than 4 to 1. We got stopped out for a small loss, which is fine since we keep our reward to risk ratio at minimum of 3 to 1.
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.