Ichimoku Australia Trade of Week 5 Time frame buy : Leighton FPO Stock

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  • Ichimoku Australia Trade of Week 5 Time frame buy : Leighton FPO Stock

On August 18, 2014, we received an Ichimoku 5 time frame buy email alert on a stock in the Australian ASX Stock market.   The stock was LEI-ASX, Leighton FPO.  Here is the email alert: weekly_aust_stock_8_22_14_email   We are approaching the last high of 22.65 after a minor pull back.   As a result, we need to keep the risk low.    Therefore, we are going to setup the trade on a 4h time frame.   The entry will be 21.58, initial stop of 21.38, and a preserve mode of 22.65.   This would give us a min. reward of 1.07 with a max risk of 0.20.    This over a 5:1 reward/risk ratio i.e. 500%+.    This opportunity can be traded with CFD, Stock, etc.  Here is the chart setup with the current price action: weekly_aust_stock_8_22_14_chart Price reaching our preserve mode value so now we are going to tighten our stop and prevent going “round trip” i.e. giving back all our profits.   The current stop is 22.14.

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

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