Ichimoku UK FTSE Stock Trade for the Week ending June 5th, 2015: ADN-LON, ABERDEEN ASSET MGMT

On June 2nd, 2015, we received an Ichimoku 4 time frame sell email alert on ADN-LON, Aberdeen Asset MGMT for the UK FTSE Stock Market. The email alert is shown below:

ADN6215

There was an ideal breakout setup on the 1hr time frame.  We also considered a pullback to the KS but there was no multi-time frame resistance at that level.

In the chart below, the vertical line represents the email alert time.  Our breakout entry was 434.125, initial stop 446.573 (on entry, stop was lowered to 443) and our preserve mode 421.063.  In breakout trades we only select trades that give us at minimum a 1:1 reward/risk, in this case our reward/risk was 1:1.

See chart below for setup…

UKadn6-3-15a

 

 

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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