On Sept. 10, 2013, we received an Ichimoku 3 multiple time frame Buy email alert on Kinross Gold Corporation. for the Canadian Stock market. The email is shown below.
After a few days of consolidating, the stock was looking to break on either side. As soon as the price broke on the bearish side, it had a strong momentum as a support. There was an ideal opportunity to take a break out trade as there was a support of the trade by a 3 time email alert to sell. The entry was at $5.51. Initial stop of $5.62, and a target of $5.22 was set. That gave us a risk of $0.11 per share. The trade was exited out with a profit of $0.29 per share. There was a Risk : reward of 1 : 2.64. Here is the chart setup:
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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 can not 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.
