Ichimoku UK FTSE Stock Trade for the Week ending June 26th, 2015: WOS-LON, WOLSELEY

On June 16th, 2015, we received an Ichimoku 3 time frame buy email alert on WOS-LON, WOLSELEY for the UK FTSE Stock Market. The email alert is shown below:

WOS61615

We had a cloud breakout (4) strategy on the daily, but the risk was to much to trade off of that timeframe.  The 240 timeframe had a (2) strategy and the reward/risk fit our criteria so the trade was taken.  Our entry was 4092.878, our initial stop at 4068 and our target 4234.820.  Our reward/risk was (5.7):(1).

Our target was a bit aggressive, but the Daily chart suggested that it would reach our level.  A conservative approach would have targeted 4192.697, which would have yielded a 4:1 reward/risk.

See chart below for setup…

wos6-16-15

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