November 30

Ichimoku Stock Trade of the week Nov 22, 2013, 7 time frame sell SLAB Silicon Laboratories


On November 15, 2013, we received a Ichimoku 7 time frame sell email alert on the stock SLAB, Silicon Laboratories.     Here is the email alert.

With the markets over extended in a bullish mode, this is a hedge trade so to keep the risk low, we are doing a pull back trade.  We setup the trade on a 2hr chart.  The entry was 39.60, initial risk of 39.78, and a preserve mode of 38.69.   Min. reward risk is 0.91 and a max. risk of 0.18.  This is a min. reward/risk of 5:1 i.e. 500%.

Here is the chart:

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Currency, Day Trading, eur, Forex, Ichimoku, Strategy, Trading

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