CANADIAN STOCK Ichimoku Trade of the Week: Apr. 22 – Apr. 26, 2013.

This is the weekly trade for the Canadian Stock Market.
We received an Email Alert on April 22, 2013 for a 3 time frame Buy / Sell opportunity.

There was an entry to go LONG on VERESEN INC’s stock. The Entry was at $12.97 and the Stop for the trade was $12.92. A risk of $0.05 per share. The target was set at $13.08 based on proprietary Ichimoku system. The target was achieved when the price went in the favour of the trade. Price was locked in and the trade was closed. There was a profit of $0.11 per share for the trade. Risk to Reward ratio of 1 : 2.2 was achieved.

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 or email us at info@eiicapital.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 Vinesh Midha