On June 10, 2013, we received a 6 time frame Ichimoku Email Buy alert on the stock BBBY, Bed Bath & Beyond. The email is shown here:
BBBY has been trending for a long time now. Therefore, we want to be extremely careful on any bullish trades we take because the profits will be limited. To keep risk low, we took a daily pull back trade. The Entry was 68.29, initial stop of 67.86, and a preserve mode value of 70.41. This would give us a min. reward of 2.12 and a max risk of 0.42. The min. reward/risk would be 5:1 i.e 500%. The chart is below:
We are currently in the trade and already in Preserve mode. The current stop 70.56.
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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