On July 29, 2014, we received an Ichimoku Stock 6 time frame Buy email alert EXPE, Expedia from www.ichimokutrade.com. Here is the email alert:
We looked at a 4hr pull back but our entry was below the the Kijun Sen. The reason is if you look at the higher time frame on the Daily, there was a matching level with the entry level I chose for the 4hr. It bleeped passed the Kijun sen on the 4hr. This helped us keep our risk low and our reward high. So we need a 3:1 for the pull back. Our entry is 78.84. Initial stop: 77.72. Preserve Mode is 82.30. risk is 1.10 and reward is 3.49
Here is the chart setup:
The trade entered and broke our preserve mode and setting up for a break out trade.
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