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