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
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About the Author Yat Patel