On June 3, 2014, we received an Ichimoku Stock 5 time frame Buy email alert AKAM, Akamai Technologies from www.ichimokutrade.com. Here is the email alert:
We are going to setup a breakout trade on a 60m since it has been consolidating for awhile. The entry is 55.15, initial stop of 53.99, and a preserve mode value of 57.33. This gives a max. risk of 1.16 and a min. reward of 2.17. We are looking for a 1:1 reward/risk ratio or higher when placing a breakout trade so it will become a 3:1 min. when we enter the trade. Here is the chart setup:
Currently, we are in preserve mode with a stop of 57.83.
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