On Oct. 05, 2013, at the end of the trading session, we received an Ichimoku 3 multiple time frame Buy email alert on GUJARAT MINERAL DEVELOPMENT CORP. for the Indian Stock market. The email is shown below.
There was an email alert for a break out of the stock on the bullish side. This breakout setup was emailed through the automated email alert system, as shown above. As soon as the price broke on the bullish side, it had a strong momentum supporting it. There was an ideal opportunity to take a break out trade. The entry was at Rs 146.45. Initial stop of Rs 143.69 and a target of Rs 159.46 was set. As soon as the price started to move in the direction of the trade, a trailing stop method was applied based on proprietary Ichimoku Strategy. The current stop has been marked at Rs. 151.77. If the price falls from here, there is a sure locked in profit of Rs. 5.32 per share. If the profit continues, as anticipated, the trade will be exited on the target, which has been set up based on proprietary ichimoku strategy. Here is the chart setup:
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 firstname.lastname@example.org
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.