CANADIAN STOCKS: NIKO RESOURCES Ltd., PARAMOUNT RESOURCES Ltd., Trades of the Week of August 27 – 31, 2012.

This is the weekly trade for the Canadian Stock Market.
We received an Email Alert on August 27, 2012 for a 4 time frame Buy / Sell opportunity.

There was an entry to go short on NIKO RESOURCES Ltd.’s stock. The entry was at $15.30 and the Stop for the trade was $15.83. The risk of $0.53 per share. The exit was based on reaching Preserve Mode and a profit was locked in for $1.07 per share. This is a 1:2 Risk to Reward Ratio.

There was an entry to go short on PARAMOUNT RESOURCES Ltd.’s stock. The entry was at $24.51 and the Stop for the trade was $24.87. The risk of $0.36 per share. The exit was based on reaching Preserve Mode of $23.82 and a profit was locked in for $0.69 per share. This is a 1:2 Risk to Reward Ratio.

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 Vinesh Midha