On February 29th, 2016, we received an Ichimoku 4 time frame Buy email alert on CPG-LON, COMPASS GROUP for the UK FTSE Stock Market. The email alert is shown below:
This stock was at an all time high when we took the breakout on the 1hr. The higher time frames were extremely bullish. Our entry would put it a new all time high. The entry was 1259 with a stop at 1230 and a target at 1290. This gave us a reward to risk ratio of 1 to 1, allowing us to take the trade.
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.