Ichimoku Japan Stock Trade For The Week Ending October 30, 6103-TSE, OKUMA CORP.

October  30, We received an Ichimoku 4 time frame Buy Email alert on 6103-TSE, OKUMA CORP.

Here is the email alert:

6103-TSE- 60m pb alert

We used a pullback strategy because it had a multi time frame support match from lower and higher time frames which gives a higher probability of success and also to keep our risk low. We are going to use the 60M time frame to setup the pullback trade.

The entry was 924.66, initial stop of 914.39, preserve mode of 962.32.

The risk is 10.27 and the reward is 37.66 to preserve mode. Reaching to preserve mode, it is a 3:1 reward/risk ratio. For pullback trades our minimum would be a 3:1 if it is not then we don’t take the trade.

Here is the chart for reference:

6103-TSE- 60m pb

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About the Author Ludovic Chou