brazil stock exchange Ichimoku trade of the week RENT3-BSP Localiza 8-24-12

On 8-17-2012, we received a 5 time frame Ichimoku Buy email alert on RENT3-BSP Localiza – ON NM on the Brazil Stock market. The email alert is shown below:

The chart setup is shown below. The entry was 33.72, initial risk of 33.44 and a preserve mode value of 35.49. This is a min. reward of 1.77 and a max risk of 0.28. This was 6:1 reward/risk i.e. 632%

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 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 Manesh Patel