UDR, MAT: SP500 7 Timeframe Ichimoku Email Alert for the week ending Aug 12

UDR SP500 7 Timeframe Ichimoku Email Alert for the week ending Aug 12.  On AUG 8, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0908_7TF_UDR_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:

0908_7TF_UDR_PB

There is a 240/120/60 iMTF support @ 37.17, which is also our entry. Initial stop is 37.01.  Our target will be the pivot high @ 37.65. Now, the reward risk ratio was NOT a 3:1, hence we did not take the trade as it did not fit our trade plan. The trade did a reversal.

MAT SP500 7 Timeframe Ichimoku Email Alert for the week ending Aug 12.  On AUG 11, we received a 7 time frame Ichimoku Multiple time frame email alert at www.ichimokutrade.com.   Here is the email alert:

0908_7TF_PGR_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:

0908_7TF_MAT_PB

There is a 120/60/30 iMTF support @ 33.85, which is also our entry. Initial stop is 33.75.  Our target will be the pivot high @34.17. Now, the reward risk ratio was a 3:1, hence we took the trade as it fit our trade plan.

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