PFG, BLK, FDX: SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22

PFG SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22.  On Jul 20, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2007_7TF_PFG_PB_Alert

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

2007_7TF_PFG_PB

There is a 240/60/30 iMTF support @ 44.23, which is also our entry. Initial stop is 44.05.  Our target will be the pivot high @ 44.60. 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.

BLK SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22.  On Jul 20, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2007_7TF_BLK_PB_Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a iMTF Bullish Pull Back Trade on a 10m time frame provided by eSignal.   Here is the chart setup:

2007_7TF_BLK_PB

There is a 120/60/30/10 iMTF support @ 357.48, which is also our entry. Initial stop is 357.06.  Our target will be the pivot high @ 359.34. Now, the reward risk ratio was a 3:1, hence for this trade was taken in accordance to my trading plan. The trade was exited with a 3:1 on 20 Jul 1450hrs.

FDX SP500 7 Timeframe Ichimoku Email Alert for the week ending July 22.  On Jul 20, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

2007_7TF_FDX_PB_Alert

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

2007_7TF_FDX_PB

There is a 120/60/30/10 iMTF support @ 160.02, which is also our entry. Initial stop is 159.72.  Our target will be the pivot high @ 161.01. Now, the reward risk ratio was a 3:1, hence for this trade was taken in accordance to my trading plan. The trade was exited with a loss at 159.72 on the 21st Jul 930hrs.

 

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