Ichimoku UK FTSE Stock Trade Setup: 4 time frame Buy ADN-LON, Aberdeen

On Sept 9, 2014 at 8 am EST, we received an Ichimoku 4 time frame buy email alert on the UK FTSE Stock, ADN-LON, Aberdeen Asset Mgmt.  Here is the email alert:

weekly_uk_stock_9_9_14_email

 

We been in an upward consolidation pattern for awhile.  The daily time frame has changed sentiment.  To keep our risk low, we are going to setup a pull back trade on the daily time frame.  The entry is 433.86, initial stop of 430.17, and a preserve mode value of 464.05.    Conservative traders will take profits at the preserve mode value while aggressive will tighten their stop.

The min. reward is 30.19 and the max. risk is 3.86.   This is over 7:1 reward/risk ratio.  Here is the chart setup:

weekly_uk_stock_9_9_14_chart

 

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

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About the Author Manesh Patel