Ichimoku UK FTSE Stock Trade for the Week ending August 14th, 2015: TLW-LON, TULLOW OIL

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:

81615TLW

 

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….

81615TLW

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

EDUCATIONAL USE: Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

About the Author Maneshkumar Patel