On February 4th, 2016, we received an Ichimoku 4 time frame Sell email alert on WTB-LON, WHITBREAD for the UK FTSE Stock Market. The email alert is shown below:
The higher time frames were bearish when we received an alert on (WTB). We had a cloud breakout strategy on the 2hr chart. We placed a breakout order at 3823, which would clear the previous pivot. Our initial stop 3983 and our target 3653, giving us a reward to risk ratio greater than 1 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.