DAl, MKC, REGN: SP500 7 Timeframe Ichimoku Email Alert for the week ending June 17

DAL SP500 7 Timeframe Ichimoku Email Alert for the week ending June 17.  On June 13, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

1306_7TF_DAL_BO_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bearish Breakout Trade on a 30mtime frame provided by eSignal.   Here is the chart setup:

1306_7TF_DAL_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 39.88, Initial stop is 41.74 DAL’s next support level is at 36.61, which is our Preserve Mode. The trade was triggered on the June 14. At the time of writing, DAL is at 37.92.

 

MKC SP500 7 Timeframe Ichimoku Email Alert for the week ending June 17.  On June 14, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

1406_7TF_MKC_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bullish Pullback Trade on a 1h time frame provided by eSignal.   Here is the chart setup:

1406_7TF_MKC_PB

MKC has MTF at 4hr, 2hr, 1hr, 30m and 10m time frames. We will need to set the target at 3:1 reward risk ratio.  Entry is 99.17, Initial stop is 98.95. However, our next resistance that is the target is at 99.53, which is not a 3:1. Hence, I will not take this trade as it violates my trading plan. The Pull back was  triggered on June 14 at 1500hrs. However, the trade was stopped out on June 15.

 

REGN SP500 7 Timeframe Ichimoku Email Alert for the week ending June 17.  On June 14, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

 

1606_7TF_REGN_PB_Alert

 

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bearish Pullback Trade on a 1h time frame provided by eSignal.   Here is the chart setup:

1606_7TF_REGN_PB

REGN: MTF on the 2hr, 1hr, 30m, and 10m. It did pull back, however my rules for Pull backs need to have 3:1 reward risk ratio and this does not have it. I will not take this trade, even though it went and bounced up at my MTF Pull back level.

 

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 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 Eric Chai