On May 7, 2014, we received an Ichimoku Forex 6 time frame Buy email alert on 2 Year Treasury Notes futures from www.ichimokutrade.com. Here is the email alert:
Since the instrument was within a small consolidation pattern, we setup for a pull back trade on the 2 hr time frame to minimize our risk. The entry was 109’29.0, initial stop of 109’28.7, and a target of 109’31.2. We choose a target instead of preserve mode since this product is not too liquid for this time frame. Notice, the bars on the 2h time frame. The max risk is 00’00.3 and a max reward of 00’02.2. This gives us a 7:1 reward/risk ratio i.e. 733%+. Here is the chart setup.
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