On August 8, 2012, our trade setup from a 5 time frame buy email alert on August 2, 2012 triggered on the Toronto Stock Exchange Stock (TSX) MTL-TC, Mullen Group Ltd.
Below is the chart. A pull back trade was setup since a breakout trade entry would be close to a major resistance. The entry was 22.28, initial stop of 22.08 and a Preserve mode (tighten stops) of 23.00. This would give us a reward or 0.72 and a risk of .20 i.e. min. of 360% profit.
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