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 $18.30. Initial stop of $18.55 and a target of $17.24 was set. That gave us a risk of $ 0.25 per share. The Entry, Initial Stop and the Target was based on proprietary ichimoku 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. As anticipated, the price hit the predetermined target, thus giving us a profit of $1.06 per share. This trade had a Risk to Reward Ratio of 1 : 4.24. Here is the chart setup:
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