UK Ichimoku Trade of the Week : GSK, GlaxoSmithKline 8-29-12

On August 29 we received a 4 timeframe buy opportunity for the FTSE stock GSK.
Below is the email recieved.
The chart setup is shown below. The entry is 1437.00, with an initial stop at 1456.00, and a preserve mode value of 1427.00. This is not a 1:1 reward/risk ratio. It is “inverted” where you are risking more than potential profit. As a result, we do not take this trade. It did get to our preserve mode value but not all trades will be this way.
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
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 can not 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 Yat Patel