ASX Australia Stock Market Ichimoku Trade of the Week 8-10-12 TSE-ASX

On Aug 7, 2012, we received a 3 timeframe buy opportunity on TSE-ASK TfieldServ FPO, a Australian Stock from the ASX. The email alert is shown below:

The chart is shown below. The entry was 1.88, initial stop of 1.83 and a preserve mode value of 1.97. This is a 0.09 reward with a risk of 0.05 i.e. min. of 180% return.

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

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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

About the Author Manesh Patel