May 12

Australia Stock Ichimoku Trade of the Week 5-10-13 : JHX-ASX James Hardie Industries

0  comments

On May 3, 2013, we received an Ichimoku 4 time frame Buy email alert on JHX-ASX, James Hardie Industries.   Here is the email alert:

 

We setup for a 60m trade since the instrument was consolidating and we wanted a low risk/high reward.  The entry was 10.24, initial stop of 9.92 and a preserve mode of 10.51.    This is a 1:1 reward/risk ratio to the preserve mode value.   When we  enter the trade, it should become a 3:1 reward/risk ratio.    Here is the chart setup.

 

We entered preserve mode and exited the trade at 10.68.

 

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 info@eiicapital.com

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.


Tags

asx, australia, Ichimoku, james hardies, jhx, jhx-asx, stock, stock market, Stocks


You may also like

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}