On August 7th, 2015, we received an Ichimoku 4 time frame sell email alert on SBRY-LON, SAINSBURY for the UK FTSE Stock Market. The email alert is shown below:
We had our higher time frames in our favor, so we placed breakout order at 249.495, initial stop 259.871 and preserve mode 237.938. Now on breakouts our reward to risk has to be around 1 to 1 or we do not take the trade. In this case it was slightly better then 1 to 1 so we placed the trade. By having a 1 to 1 initial ratio, our entry ratio will be close to 3 to 1.
See chart below for setup….
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.