On July 30th, 2015, we received an Ichimoku 4 time frame buy email alert on CRDA-LON, CRODA INTL PLC for the UK FTSE Stock Market. The email alert is shown below:
We had matching support on all of the lower time frames and a bullish cloud breakout (4) strategy on the daily, so we took the 60 pullback to the Kijun Sen. Our entry was 2974.72, our stop was 2963.52 and our target was the previous pivot high of 3042.967. Our initial reward/risk ratio was 6:1.
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.