On March 2nd, 2016, we received an Ichimoku 4 time frame Buy email alert on ANTO-LON, ANTOFAGASTA for the UK FTSE Stock Market. The email alert is shown below:
Everything on the lower time frames was pointing towards a bullish move. The higher time frames on the other hand were not bullish. The daily was turning bullish but the weekly and monthly were still bearish, so this was an aggressive trade. We took the 1hr breakout at 528 with a stop at 502 and a target at 584. Our initial reward to risk ratio was 2.15 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.