May 12

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


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.


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

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