Ichimoku Stock Trade of Week May 15, 2015: GDX Buy Counter trend

On May 11, 2015, we received a bullish Kijun Cross Strategy for the 60m of the GDX stock, Market Vectors Gold Miners ETF.   Here is the email alert:

May15_tradeofweek_stock_email

The Kijun Sen cross strategy is a counter trend strategy with limited profits.  As a result, we are going to setup a pull back trade on 60m with a target.   The entry is 19.82, initial stop of 19.72, and a target of 20.27.  The min. risk is 0.10 and a reward of 0.45.   This is a 4:1 reward/risk.  Here is the chart setup:

May15_tradeofweek_stock_chart

The trade was triggered and exited at the target.

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 cannot 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