Stock Trade of the Week : Jan 10, 2014 / Six time frame Ichimoku Buy ZMH, Zimmer Holding

On Jan 6, 2014, we received an Ichimoku 6 time frame buy email alert on ZMH, Zimmer Holdings stock from www.ichimokutrade.com. Here is the email alert:
Weekly_stock_jan10_2014_email
The instrument has been consolidating for awhile.    We are going to setup the trade on the 2h time frame.  The entry was 94.09, initial stop of 92.77, and a preserve mode of 95.41.    The max. risk is 1.32 and the min. reward is 1.32.  This is going to be a 1:1 reward/risk ratio on placing the order.  When the trade enters, the initial stop should move up to get us a potential 3:1 reward/risk ratio.
Weekly_stock_jan10_2014_chart
The trade was entered and went to preserve mode.   Later, it was exited at 96.23.   We didn’t get a 2x reward in this trade.   It was due to the fact the instrument has been going for a long time.
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About the Author Manesh Patel