Ichimoku Canadian Stock Trade of the Week 10-25-2013,COLOSSUS MINERALS INC. SELL

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:

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 moneyyou 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 Vinesh Midha