FE: SP500 7 Timeframe Ichimoku Email Alert for the week ending Feb 3

FE SP500 7 Timeframe Ichimoku Email Alert for the week ending  Feb 3.  On  Feb 2, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0502_7TF_FE_PB_Alert

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

0502_7TF_FE_PB

There is a 240/120/60/30 iMTF Resistance@29.99, which is also our entry. Initial stop is 30.55.  Our target will be the pivot low @ 29.67. Now, the reward risk ratio was a 3:1, hence we decide to take the trade as it did fit our trade plan. The trade has been triggered on the 3 Feb. We are still in the trade.

 

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 Eric Chai