August 4

Stock Trade of the Week : August 1, 2014 -> 6 time frame Ichimoku Buy EXPE, Expedia Inc Stock

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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:

Stock_EXPE_EmailAlert

 

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:

aug1_stock

 

The trade entered and broke our preserve mode and setting up for a break out 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.

 


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