On Sept. 10, 2013, we received an Ichimoku 3 multiple time frame Buy email alert on Bombay Dyeing & Mfg. Co. Ltd. for the Indian Stock market. The email is shown below.
There had been a consolidation pattern since last few days and the stock was looking to break on either side. As soon as the price broke on the bullish side, it had a strong momentum on its side. There was an ideal opportunity to take a break out trade as there was a support of the trade by an email alert. The entry was at Rs 48.07. Initial stop of Rs 45.40, and a target of Rs 55.41 was set. That gave us a risk of Rs 2.67 per share. The trade was exited out with a profit of Rs 7.34 per share. There was a Risk : reward of 1 : 2.75. 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.