On May 3, 2013, we received an Ichimoku 4 time frame Buy email alert on JHX-ASX, James Hardie Industries. Here is the email alert:
We setup for a 60m trade since the instrument was consolidating and we wanted a low risk/high reward. The entry was 10.24, initial stop of 9.92 and a preserve mode of 10.51. This is a 1:1 reward/risk ratio to the preserve mode value. When we enter the trade, it should become a 3:1 reward/risk ratio. Here is the chart setup.
We entered preserve mode and exited the trade at 10.68.
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