$KUW Middle EastStock Market trade of the week $32-KUW 6 timeframe Buy

  • Home
  • /
  • Blog
  • /
  • $KUW Middle EastStock Market trade of the week $32-KUW 6 timeframe Buy

$KUW Middle EastStock Market trade of the week $32-KUW 6 timeframe Buy.   On April 10 we received a 6 Time frame Ichimoku Buy Email alert for $32-KUW, Industrial Weight IXW Index for the $KUW Kuwait stock market.   Here is the email alert received.


The $KUW stock market is trying to break out into a bullish trend.    This has been a multiple timeframe setup that has occurred for this market after a long time.  Normally, the setup are for the Saudi Market.

Below is the 60m chart provided by eSignal.


The entry was 645.80, initial stop of 643.20, and preserve mode of 653.60.   This gives a 3:1 reward/risk ratio.

The setup was in a consolidation pattern where the major support was around 638.0.     It held twice and there was a high probability it was going to retest the top around 654.00.   Also, you had a row of black square IMTF™ supports.


Preserve mode was reached.    At that time, you take either 50%/75% positions off and tighten the stop.    With the tightened stop, the trade was exited at 649.  The last number of shares only yield a little over 1:1 but majority got 3:1.


MISSION STATEMENT:  “Empower the Retail Trader with Institutional Tools”

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.