On Oct. 25, 2013, we received an Ichimoku 3 multiple time frame Buy email alert on Colossus Minerals Inc. for the Canadian Stock Market. The email is shown below:
The email alert was for a break out of the stock on the bearish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bearish side, it had a strong momentum supporting it. There was an ideal opportunity to take a break out trade. The entry was at $0.56. Initial stop of $0.59 and a target of $0.43 was set. That gave us a risk of $0.03 per share. As soon as the price started to move in the direction of the trade, a trailing stop method was applied based on proprietary Ichimoku Strategy. The trade is still in progress and profits have been locked in at $0.50, thus giving us a locked in profit of $0.06 per share, with a risk : reward ratio of 1 : 2. If the price moves further down and hits the target, there will be a profit of $0.13 per share, thus giving us a risk : reward of 1 : 4.34. Here is the chart setup:
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