On September 7th, 2015, we received an Ichimoku 4 time frame buy email alert on WOS-LON, WOLSELEY for the UK FTSE Stock Market. The email alert is shown below:
After the turmoil on August 24th, many stocks have been consolidating. WOS gapped down significantly on August 24th, however once it got above the daily Kijun Sen we knew it was one of the more bullish stocks. When we got our bullish alert we entered on the 1hr at 4163.206 with a stop at 4138.517 and a target of 4256.916. Our reward to risk ratio was 3.8 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.