Australian Ichimoku Trade of the Week : FMG, Fortescue Metals Group 8-27-12

On August 27 we received a 4 timeframe buy opportunity for the ASX stock FMG.

Below is the email recieved.

Below is the chart for this opportunity. The entry level is 3.90, with initial stop at 4.20. Our trade triggered on the 28th and we are now managing it until we reach our preserve level of 3.30. Note that we have already moved our stop to 3.78 such that we are now locking in profits.

If we reach our target we will have made 300% profit.

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 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.

About the Author Yat Patel