Ichimoku Stock Trade of the week 5-17-13 : PBCT People’s United Financial Inc.

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  • Ichimoku Stock Trade of the week 5-17-13 : PBCT People’s United Financial Inc.

On May 14, 2013, we received an Ichimoku 7 time frame Buy Email alert on the stock PBCT , People’s United Financial Inc.   The email is shown below:

The trade was setup on a 30 minute time frame.  The entry was 13.57, initial risk of 13.50, and preserve mode value of 13.73. The min. reward would be 0.16 and a max risk of 0.07.    This is a 2:1 reward/risk ratio.    Here is the chart setup:

Since the trade was only min. 2:1 reward/risk ratio, we DID NOT take the trade.     Our money management rules only allow us to take 3:1 reward/risk ratio trades.    If we had entered, we would have exited the trade at 13.75.    The trade did win but they don’t always.

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

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