Future Trade of the Week : Dec 20, 2013 7 time frame Ichimoku Buy Soybean Meal

  • Home
  • /
  • Blog
  • /
  • Future Trade of the Week : Dec 20, 2013 7 time frame Ichimoku Buy Soybean Meal

On Dec 17, 2013, we received an Ichimoku 7 time frame buy email alert on Soybean Meal futures from www.ichimokutrade.com.     Here is the email alert:

When the email alert was received, the instrument had just broken out of a consolidation pattern.    Since we are not sure if it is a “fake” breakout or real, we are going to setup a pull back trade on the 4hr time frame.   If it continues to go higher, we have no issues missing the trade but we don’t want to get caught entering a trade with high risk.  The entry was 437.60, initial stop of 434.50, and a preserve mode of 449.40.    The min. reward is 11.8 and a max. risk of 3.1.  This would give us a min. reward/risk of 3.8:1 i.e. 380%.   Here is the chart setup.


Currently, we are in the trade and the stop is 439.10.   This is above your entry so it is a “free trade”.


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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.