Ichimoku US Stock Trade of the Week ending September 25, 2015: COACH INC

On September 21, 2015 we received a 7 time frame sell email alert on COACH INC (COH). The email alert is shown below:

COH alert - 27.9.2015

 

Looking at the charts, we set up our Pull back Entry at a multiple time frame resistance of 29.64, with a Stop Loss placed at 29.78; our risk was capped at 14 cents.  We exited the trade at our ‘Preserve Mode’ of 28.99 with a 65 cent profit. The reward/risk ratio was 4.6/1.

Below is the chart setup:

COH - 27.9.2015

 

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