Ichimoku Stock trade of the week : 4-19-13 NEM, Newmont Mining Gold

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On April 11, 2013, we received an Ichimoku 6 time frame Sell on the Stock NEM, Newmont Mining Gold.  The email alert is shown below:

The chart was setup on a 4h time frame.  The entry was 37.70, initial stop of 40.84, and a preserve mode value of 33.28.   This would give us a min. reward of 4.42 and a max risk of 3.14.   This would give us a 1.4:1 reward/risk to the preserve mode value.    Here is the chart setup:

Currently, the stop if 34.10.   The stop is below the entry so the trade is “free”.


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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