Ichimoku UK FTSE Stock Trade for the Week ending June 26th, 2015: WOS-LON, WOLSELEY

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  • Ichimoku UK FTSE Stock Trade for the Week ending June 26th, 2015: WOS-LON, WOLSELEY

On June 16th, 2015, we received an Ichimoku 3 time frame buy email alert on WOS-LON, WOLSELEY for the UK FTSE Stock Market. The email alert is shown below:


We had a cloud breakout (4) strategy on the daily, but the risk was to much to trade off of that timeframe.  The 240 timeframe had a (2) strategy and the reward/risk fit our criteria so the trade was taken.  Our entry was 4092.878, our initial stop at 4068 and our target 4234.820.  Our reward/risk was (5.7):(1).

Our target was a bit aggressive, but the Daily chart suggested that it would reach our level.  A conservative approach would have targeted 4192.697, which would have yielded a 4:1 reward/risk.

See chart below for setup…


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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