On August 7th, 2015, we received an Ichimoku 4 time frame sell email alert on SBRY-LON, SAINSBURY for the UK FTSE Stock Market. The email alert is shown below:
We had our higher time frames in our favor, so we placed breakout order at 249.495, initial stop 259.871 and preserve mode 237.938. Now on breakouts our reward to risk has to be around 1 to 1 or we do not take the trade. In this case it was slightly better then 1 to 1 so we placed the trade. By having a 1 to 1 initial ratio, our entry ratio will be close to 3 to 1.
See chart below for setup….
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