7x email alerts for SP500 for the week of May 13

7x email alerts for SP500 for the week of May 13, two of the SP500 stocks caught my attention as it fulfills my ichimoku trading plan for a Breakout trade.

The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431

On 13 May 2016, we received an Ichimoku email alert 7 time frame BUY on the SP500 stock SCG -SCANA Corp. Here is the email alert:

1305_SP500 7TF SCG BO Alert

Took the 1hr Bullish Breakout, as SCG is at an all time high. We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 71.41, Initial stop is 69.70 and Preserve Mode is 73.13. Lets take a look at the chart from Esignal:

1305_SP500 7TF SCG BO

UPDATE (27/5): The trade was cancelled as it went to our Stop level first and did not trigger our entry.

 

On 13 May 2016, we received an Ichimoku email alert 7 time frame BUY on the SP500 stock ADS-Alliance Data System. Here is the email alert:

1305_SP500 7TF ADS BO Alert

Took the 1hr Bearish Breakout, ADS’ next support is at 177.25 and that is where we will put our preserve mode. The preserve mode for this trade is more than the 1:1 reward risk ratio. Entry is 196.28. Initial stop is 204.45. Lets take a look at the chart from ESignal:

1305_SP500 7TF ADS BO

UPDATE (27/5): The trade was cancelled as it went to our Stop level first and did not trigger our entry.

 

 

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 can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No reresentation 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 necssarily indicative of future result.

 

 

 

About the Author Eric Chai