ITW, LOW, APC, DLPH, MTB: SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3

ITW SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3.  On May 31, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

3105_7TF_ITW_BO_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bullish Breakout trade on a 4h time frame provided by eSignal.   Here is the chart setup:

3105_7TF_ITW_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 106.43, Initial stop is 103.19 and since ITW is on an all time high, there is no next resistance level yet. We will have to set our Preserve Mode at 1:1, which is 109.67. At the time of writing, ITW is at 107.2.

LOW SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3.  On May 31, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

3105_7TF_LOW_BO_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bullish Breakout trade on a 4h time frame provided by eSignal.   Here is the chart setup:

3105_7TF_LOW_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 80.92, Initial stop is 76.71 and since LOW is on an all time high, there is no next resistance level yet. We will have to set our Preserve Mode at 1:1, which is 85.32. At the time of writing, LOW has yet triggered the entry.

APC SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3.  On June 1, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

3105_7TF_APC_PB_Alert

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

3105_7TF_APC_PB

APC: MTF on the 4hr, 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.

DLPH SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3.  On June 1, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0106_7TF_DLPH_PB_Alert

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

0106_7TF_DLPH_PB

DLPH 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 67.16, Initial stop is 67.42 and sour target at 3:1, which is 65.92. The Pull back was triggered however, on 930am June 2, we were stopped out. If you notice, the Pull back occurred in a consolidation pattern.

MTB SP500 7 Timeframe Ichimoku Email Alert for the week ending June 3.  On June 1, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0106_7TF_MTB_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Bullish Pull Back trade on a 60m time frame provided by eSignal.   Here is the chart setup:

0106_7TF_MTB_PB

MTB: MTF on the 4hr, 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