Ichimoku StockTrade of the Week 2-8-13 : PCS, Metro PCS Communications

On Feb 11, 2013, we received a Ichimoku 6 Time Frame buy on the stock PCS, MetroPCS.    The email alert is shown below:

We setup a mid day trade on a 60m time frame.   The entry was 10.07, initial stop of 9.88, and a preserve mode value of 10.57.   The max risk is 19 and the min. reward is 50.   This is a 2.6:1 reward/risk ratio i.e. 261%.

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

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About the Author Manesh Patel