PX, VFC , XYL, SP500 6 Timeframe Ichimoku Email Alert for the week ending May 20

PX SP500 6 Timeframe Ichimoku Email Alert for the week ending May 20.  On May 17, we received a 6 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert.

1705_6TF_PX_BO Alert

Based on the 3 Step Trading Plan published earlier. (https://www.ichimokutrade.com/c/?p=10431), we looked at a Breakout trade on a 2h time frame provided by eSignal.   Here is the chart setup:

1705_6TF_PX_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 111.05, Initial stop is 113.91 and Preserve Mode is 107.79. At the time of writing, PX is at 110.09.

UPDATE (27/5): PX was stopped out at 111.88 on 25 May.

VFC SP500 6 Timeframe Ichimoku Email Alert for the week ending May 20.  On May 18, we received a 6 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert.

1805_6TF_VFC_PB ALert

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

1805_6TF_VFC_PB

Here you can see VFC has a MTF on the  2hr, 1hr, 30m, and 10m. The Pull back has a good reward risk.We will need to set the preserve mode at 3:1 reward risk ratio. Entry is 60.46, Initial stop is 60.65 and Preserve Mode is 59.83. On 18 May at 1400hrs, VFC has reached our target.

 

XYL SP500 6 Timeframe Ichimoku Email Alert for the week ending May 20.  On May 20, we received a 6 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert.

2005_6TF_XYL_BO Alert

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

2005_6TF_XYL_BO

We will need to set the preserve mode at 1:1 reward risk ratio. Entry is 44.05, Initial stop is 43.12 and Preserve Mode is 45.00. At the time of writing, XYL has yet to be triggered.

UPDATE (27/5): On 26 May, price reached our Preserve Mode at 45.00.

 

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