Ichimoku UK FTSE Stock Trade for the Week ending September 18th, 2015: MKS-LON, MARKS & SPENCER

On September 14th, 2015, we received an Ichimoku 5 time frame sell email alert on MKS-LON, MARKS & SPENCER for the UK FTSE Stock Market. The email alert is shown below:

91815MKS

 

When we looked at the charts after the alert, initially there was not an ichimoku setup.  So we kept an eye out on it and on the 16th, we got a setup.  There was a multi-time frame level at 500.405 so that is where we placed our entry, our stop was 504.256 and our target, 484.850.  Our reward to risk ratio was 4 to 1.

See chart below for setup….

01815MKS

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