This is the weekly trade for the Canadian Stock Market.
We received an Email Alert on April 08, 2013 for a 3 time frame Buy / Sell opportunity.
There was an entry to go SHORT on MULLEN GROUP LTD’s stock. The Entry was at $21.16 and the Stop for the trade was $21.36. A risk of $0.20 per share. The target was set at $20.75 based on proprietary Ichimoku system. The target was achieved and the trade was closed, thus encashing in a profit of $0.41 per share. Risk to Reward ratio of 1 : 2.05 was achieved.
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
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.