RAI, PBCT: SP500 7 Timeframe Ichimoku Email Alert for the week ending June 10

RAI SP500 7 Timeframe Ichimoku Email Alert for the week ending June 10.  On June 6, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0606_7TF_RAI_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 2h time frame provided by eSignal.   Here is the chart setup:

0606_7TF_RAI_PB

RAI has MTF at D, 4hr, 2hr, 1hr, and 30m time frames. We will need to set the target at 3:1 reward risk ratio.  Entry is 50.40, Initial stop is 50.17 and our target at 3:1, which is 51.40. The Pull back was triggered on June 8. As of the time of writing, price is at 51.15.

 

PBCT SP500 7 Timeframe Ichimoku Email Alert for the week ending June 10.  On June 7, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0706_7TF_PBCT_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 2h time frame provided by eSignal.   Here is the chart setup:

0706_7TF_PBCT_PB

PBCT: MTF on the D, 4hr, 2hr, 1hr, and 30m time frames. 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