On April 21 2014, we received an Ichimoku Forex 6 time frame Sell email alert on Mini Silver Future from www.ichimokutrade.com. Here is the email alert:
The red arrow shows when the email was received. The higher time frames are showing we are trading within a consolidation pattern. Therefore, we are going to keep our risk low by placing a pull back trade and targeting the bottom of the consolidation pattern. The entry is 19.56, initial stop of 19.63, and a target of 19.11. This would give us a max risk of 0.07 and a max reward of 0.45. This would give us a reward/risk of 6:1 i.e 600%. Here is the chart setup.
You can see from the chart, our target was reached and the trade was exited. Notice, after hitting the bottom of the consolidation pattern, price bounced off it hard!.
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
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