Ichimoku UK FTSE Stock Trade for the Week ending October 23rd, 2015: CPG-LON, COMPASS GROUP

On October 21st, 2015, 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:

1025CPG

The 1hr breakout strategy provided the best reward/risk, so we took the trade off of that time frame.  Our entry was 1084, stop at 1064 and target of 1105.  Our reward/risk was greater than 1 to 1 so we could enter this trade.

CPG has been going down since April 2015, the daily chart has now turned bullish and could start a new bullish trend.

See chart below for setup….

102515CPG

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