Ichimoku US Stock Trade of the Week 4-12-13 GOLD , Randgold Resources

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On April 8, 2013, we received a 5 Ichimoku Time Frame Buy email alert on GOLD, Randgold Resources ADS.  The email alert is shown below:


This stock is related to Gold Futures.   Gold Futures are in a big consolidation pattern.  As a result, we are going to trade using the 4h chart.   The entry was 82.46, initial risk of 84.91, preserve mode 1 of 78.04 and preserve mode 2 of 74.64.   The max. risk would be 2.45 and the min. reward would be 4.42 to preserve mode 1 and 7.82 to preserve mode 2.   The min. reward/risk would be 1.8:1 to preserve 1 and 3:1 to preserve 2.     The reward/risk to preserve 1 doesn’t look good so we are going to use options to reduce our risk more and increase our reward/risk to preserve mode 1 since volatility is average.   Here is the trade setup


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