Australian Ichimoku Trade of the Week: WSA, October 7, 2012

On October 3 we received a 4 timeframe buy opportunity for the ASX stock WSA.

Below is the email alert received:

Below is the chart for this opportunity. The entry level is 4.60, with initial stop at 4.30 and a preserve mode at 5.00. We are managing the trade and have moved our stop such that we are now in a “free” trade. We are aiming for a 260% return.

If you would like to learn how to trade like a professional or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also 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