On Sept 9, 2014 at 8 am EST, we received an Ichimoku 4 time frame buy email alert on the UK FTSE Stock, ADN-LON, Aberdeen Asset Mgmt. Here is the email alert:
We been in an upward consolidation pattern for awhile. The daily time frame has changed sentiment. To keep our risk low, we are going to setup a pull back trade on the daily time frame. The entry is 433.86, initial stop of 430.17, and a preserve mode value of 464.05. Conservative traders will take profits at the preserve mode value while aggressive will tighten their stop.
The min. reward is 30.19 and the max. risk is 3.86. This is over 7:1 reward/risk ratio. Here is the chart setup:
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