CANADIAN STOCK Ichimoku Trade of the Week: July 08 – July 12, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on July 08, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go LONG on FIRST MAGESTIC SILVER CORP.’s stock. The Entry was at $11.75 and the Initial Stop for the trade was $11.20. A risk of $0.55 per share. There were Two targets for the trade. On price hitting the first target of $12.60, half of the traded lot was encashed and the other half is being trailed and will be traded out on price reaching the second target. On the first half, the profit encashed is $0.85 per share, giving us a Risk : Reward Ratio of 1 : 1.55.

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 cannot 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 Vinesh Midha