On September 29, 2014, we received an Ichimoku 3 multiple time frames sell email alert on Industrial Alliance Insurance and Financial Services 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 47.50, Initial stop of 48.77 and a preserve mode of $43.84 was set. That gave us a risk of $1.27 per share. The Entry, Initial Stop and the Target were based on proprietary chimoku strategy. As soon as the price started to move in the direction of the trade, a trailing stop method was applied, again based on proprietary ichimoku Strategy. The price hit the anticipated preserve mode and the trade exited, giving us a profit of $ 3.66 Per Share. This trade gave a Risk to Reward Ratio of 1 : 2.89. Here is the chart setup:
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