Australia (ASX) Ichimoku Trade of the Week 8-3-12

On 7-30-12, we received a 3 time frame buy email alert on MCR-ASX, Mincor Resources. Here is the email:

The trade information is shown on the chart below. The entry was .67, initial stop of .66, and a preserve mode value of .70. The min. reward would be 0.03 with a risk of 0.01. We have a close preserve mode value since this trade is a counter trend trade. We want to keep the risk very low.

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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About the Author Manesh Patel