Ichimoku Japan Stock Trade for the Week June 1,2015: 5 time frame Buy 7201-TSE, NISSAN MOTOR CO., LTD.

May 19, 2015, We received an Ichimoku 5 time frame Buy Email alert on 7201-TSE, NISSAN MOTOR CO., LTD. Here is the email alert:

7201-TSE - 120M PB alert

Here we have an opportunity to do a pull back trade on the 120M time frame. We took pullback trade because there was a multiple time frame support and to keep our risk low.

The entry will be 1266.53, initial stop of 1258.33, preserve mode of 1290.07.

The risk is 8.2 and the reward is 23.54 to preserve mode. Reaching to preserve mode, it is close to 3:1 reward/risk ratio.

Here is the chart for reference:7201-TSE - 120M PB

 

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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Ludovic Chou