Ichimoku UK FTSE Stock Trade for the Week ending June 5th, 2015: GSK-LON, GLAXOSMITHKLINE

On June 3rd, 2015, we received an Ichimoku 4 time frame sell email alert on GSK-LON, GLAXOSMITHKLINE for the UK FTSE Stock Market. The email alert is shown below:

GSK6315

In the chart below, the vertical line represents the email alert time. The 1hr was setup for a (4) cloud breakout strategy.  Entry 1428.425, initial stop 1454.682 and our preserve mode 1397.488.  Our initial reward/risk is 1.2:1, well within our 1:1 minimum requirement.

See chart below for setup…

GSK6-3-15

 

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