TSX Toronto Stock Exchange Ichimoku Trade of the Week : 8-10-12

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On August 8, 2012, our trade setup from a 5 time frame buy email alert on August 2, 2012 triggered on the Toronto Stock Exchange Stock (TSX) MTL-TC, Mullen Group Ltd.

Here is the email alert that was received and the trade was setup on the 2h timeframe:

Below is the chart. A pull back trade was setup since a breakout trade entry would be close to a major resistance. The entry was 22.28, initial stop of 22.08 and a Preserve mode (tighten stops) of 23.00. This would give us a reward or 0.72 and a risk of .20 i.e. min. of 360% profit.

The current chart with the trade setup is shown below:

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

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