Ichimoku UK FTSE Stock Trade for the Week ending May 13th, 2016: TATE-LON, TATE & LYLE

On May 10th, 2016, we received an Ichimoku 3 time frame Buy email alert on TATE-LON, TATE & LYLE for the UK FTSE Stock Market.

The email alert is shown below:

51516TATE

 

We had a MTF support around the 603 level.  This was an aggressive trade because price bounced off the monthly resistance around 618, but the lowers were telling us that it should at least retest the level.  Our entry was 603, with a stop at 600 and our target is 614.

See chart below for setup….

51516TATE

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