LEG, NOC, AZO, PM: SP500 7 Timeframe Ichimoku Email Alert for the week ending July 8

LEG SP500 7 Timeframe Ichimoku Email Alert for the week ending July 8.  On Jul 6, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0607_7TF_LEG_BO_Alert

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

0607_7TF_LEG_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 51.63, Initial stop is 50.34. As SCG is at its all time high, we would have to assume the next resistance is at a 1:1 reward risk ratio – 52.90.The trade was triggered on Jul 8 at around 0930am EST.

NOC SP500 7 Timeframe Ichimoku Email Alert for the week ending July 8.  On Jul 8, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

 

0807_7TF_NOC_BO_Alert

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

0807_7TF_NOC_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 223.90, Initial stop is 220.51. As SCG is at its all time high, we would have to assume the next resistance is at a 1:1 reward risk ratio – 227.32.

 

AZO SP500 7 Timeframe Ichimoku Email Alert for the week ending July 8.  On Jul 8, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0807_7TF_AZO_BO_Alert

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

0807_7TF_AZO_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 813.12, Initial stop is 802.55. As SCG is at its all time high, we would have to assume the next resistance is at a 1:1 reward risk ratio – 823.69. The trade was triggered on Jul 8 at around 0130pm EST.

 

PM SP500 7 Timeframe Ichimoku Email Alert for the week ending July 8.  On Jul 8, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0807_7TF_PM_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 30m time frame provided by eSignal.   Here is the chart setup:

0807_7TF_PM_PB

There is a 120/60/30/10 iMTF support @ 102.41, which is also our entry. Initial stop is 102.11. We will need to set the preserve mode at 3:1 reward risk ratio, which we will take the pivot high @ 103.14 as our target. Now, the reward risk ratio was not a 3:1, hence for this trade my trading plan did not allow me to take 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

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