Future Trade of the Week : June 20, 2014 -> 6 time frame Ichimoku HO Heating Oil Continuous

 

On June 18, 2014, we received an Ichimoku Future 6 time frame Buy email alert on HO, Heating Oil Continuous Future from www.ichimokutrade.com.     Here is the email alert:

 

HO Futures 30m BO 6.18.14 6x email

 

The US markets are making all time new high’s.   Therefore, we want to keep our risk low so we will trade only pull backs.    The trade was setup on a 30m chart.   The entry was 3.0212, initial stop was 3.0186, and a preserve mode of 3.0297.     The max risk is .0026 and min. reward is .0082.   This gives us over a 3:1 reward/risk ratio i.e. 300%+.     Here is the chart setup:

 

ho_30m_6_20_2014_chart (1)

 

Currently, we are in preserve mode with a stop of  3.0297.

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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About the Author Michael Colquitt