Stock Trade of the Week : August 1, 2014 -> 6 time frame Ichimoku Buy EXPE, Expedia Inc Stock

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  • Stock Trade of the Week : August 1, 2014 -> 6 time frame Ichimoku Buy EXPE, Expedia Inc Stock

On July 29, 2014, we received an Ichimoku Stock 6 time frame Buy email alert EXPE,  Expedia from www.ichimokutrade.com.     Here is the email alert:

Stock_EXPE_EmailAlert

 

We looked at a 4hr pull back but our entry was below the the Kijun Sen. The reason is if you look at the higher time frame on the Daily, there was a matching level with the entry level I chose for the 4hr. It bleeped passed the Kijun sen on the 4hr. This helped us keep our risk low and our reward high. So we need a 3:1 for the pull back. Our entry is 78.84. Initial stop: 77.72.  Preserve Mode is 82.30. risk is  1.10 and reward is 3.49

Here is the chart setup:

aug1_stock

 

The trade entered and broke our preserve mode and setting up for a break out trade.

 

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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