On August 7th, 2015, we received an Ichimoku 4 time frame sell email alert on TLW-LON, TULLOW OIL for the UK FTSE Stock Market. The email alert is shown below:
We had strong bearish momentum on the higher time frames (daily, weekly and monthly). The 120m made an attempt to get through bearish cloud but failed. We had multi time frame resistance around 232.998 on the daily, 240 and 120. Our entry was 232.998, our stop at 237.663 and our preserve mode at 217.751. Since the higher time frames are strong bearish we can be more aggressive in this trade in that we don’t really need to exit at 217.751. Which was why it was noted as preserve mode and not a target. Currently we are trailing it off of a lower time frame.
In the email alert above there are 2 alerts shown, this is to show that if you miss an alert, you don’t have to miss the trade because the alert system will keep sending out alerts until the trade strategy is not valid. So if you set your alert frequency to 60min, you will receive the same alert every 60 min as long as the trade strategy is still valid. Our reward to risk was 3.3 to 1
See chart below for setup….
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