CANADIAN STOCK Ichimoku Trade of the Week: May 13 – May 17, 2013.

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  • CANADIAN STOCK Ichimoku Trade of the Week: May 13 – May 17, 2013.

This is the weekly trade for the Canadian Stock Market. We received an Email Alert on May 13, 2013 for a 3 time frame Buy / Sell opportunity.

There was a signal to go SHORT on DETOUR GOLD CORPORATION’s stock. The Entry was at $10.98 and the Initial Stop for the trade was $11.78. A risk of $0.80 per share. As the price started to move down in the favour of the trade, the price was being trailed based on proprietary Ichimoku system. Currently the exit of the trade has been marked at $9.38 and there is a locked in profit of $1.60 per share. If the price moves down further in the favour of the trade, more profits will be locked in. If the price retraces from here, there is an assured profit of $1.60 per share. Current Risk to Reward ratio is 1 : 2.

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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.