UK Ichimoku Trade of the Week : GSK, GlaxoSmithKline 8-29-12

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  • UK Ichimoku Trade of the Week : GSK, GlaxoSmithKline 8-29-12
On August 29 we received a 4 timeframe buy opportunity for the FTSE stock GSK.
Below is the email recieved.
The chart setup is shown below. The entry is 1437.00, with an initial stop at 1456.00, and a preserve mode value of 1427.00. This is not a 1:1 reward/risk ratio. It is “inverted” where you are risking more than potential profit. As a result, we do not take this trade. It did get to our preserve mode value but not all trades will be this way.
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