Ichimoku Stock Trade of the Week Sept 6, 2014, 6 time frame buy HAS, Hasbro Inc. Stock

Sept 1, 2014 05:03:09 AM EST, we received an Ichimoku 6 time frame buy email alert on the stock HAS,  Hasbro Inc.   Here is the email alert:

Stocks_HAS_EmailAlert

I was Looking at the 1hr and 30m Break Out but did not like the entry being at the support. So I went to the 30m pull back at the Kijun to buy down my risk. my entry was 52.53, my stop 52.39 and preserve mode at 53.02. This give me more than a 3 to 1 reward/risk. Here is the chart.

Stock_Has_Chart

As you can see we reached our preserve mode and also had a successful break out. So with the pull back we covered our risk for the break out.

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About the Author Michael Colquitt