Future Gasoline : Ichimoku trade of the week 8-3-12

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Last week, Gasoline futures setup for a counter trend trade. Since the trade was counter trend, we wanted to keep risk low so we setup a pull back trade instead of a breakout trade.

The current chart is shown below. Entry was 2.8239, initial stop of 2.7966, and a preserve mode value of 2.8801. The min. reward was .0562 with a max risk of 0.0273.

The trade was exited at 2.8718.

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