On Jan 21, 2013, we received an Ichimoku 5 time frame Buy on a Stock COP, Conoco Phillips. Here is the email:
The entry was 58.99, initial stop of 58.55, and preserve mode value of 59.89. This would give us a max. risk of 0.44 and a min. risk of 0.90. The min. reward/risk ratio is 2:1. This is not a good reward/risk ratio. Therefore, we are going to choose a tighter stop. The stop will be 58.75. With this new stop, we would get a 0.24 risk and a reward/risk of 3.75:1 i.e. 375% return. Here is the chart:
Currently, we are in Preserve mode. The current stop is 60.17.
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