On Jan 15, 2013, we received a 7 time frame Ichimoku Buy Email alert on the stock ATW, Atwood Oceanics Incs. The email alert is shown below:
The trade was taken on a 2h time frame. The entry was 48.83, initial stop of 47.91, and a preserve mode value of 50.07. This would give us a initial max. risk of 0.92 and min. reward of 1.24. This would give us a reward/risk of 1.34:1 i.e. 134 % return. With options, we can increase this reward/risk ratio. Here is the chart below:
We are currently in preserve mode with a stop of 49.03. Since our stop is above our entry for a bullish trade, this trade is now free.
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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