This is the weekly trade for the Canadian Stock Market. We received an Email Alert on May 06, 2013 for a 3 time frame Buy / Sell opportunity.
There was a signal to go LONG on METHANEX CORPORATION’s stock. The Entry was at $43.68 and the Initial Stop for the trade was Rs.65.76. A risk of $0.53 per share. As the price started to move up in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. The stop got hit at $45.55 on a retracement of the price after a substantial profit had been locked in. There was a profit of $1.87 per share. The Risk to Reward ratio was 1 : 3.52.
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 email@example.com
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