Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending May 6

Futures 6/7 Timeframe Ichimoku Email Alerts for the week ending May 6

The following analysis is based on a 3 Step Trading Plan published earlier. See following link for original post: https://www.ichimokutrade.com/c/?p=10431

 

May 2 - 6x buy - CopperMay 2 - 6x buy - Copper TTF

6 timeframe buy alert on Copper on May 2 @ 06:59EST. I could not identify a direct iMTF support but the 120m and 240m levels were close so I decided to throw out a bait off the 120m with a tight stop. We ended up getting stopped out from this trade – in hindsight we can see that there was no iMTF supporting us.

 

May 2 - 6x sell - OatsMay 2 - 6x sell - Oats - TTF

6 timeframe sell alert on Oats on May 2 @ 20:55EST. I identified an iMTF resistance on the 10m/30m/60m/120m/240m and validated that the Reward/Risk is sufficient. At that point I decided to setup a pullback trade off the 30m. This trade worked out well as it bounced right off the iMTF and broke through our preserve mode to give us a final Reward/Risk of 8.7!

 

May 4 - 6x sell - WheatMay 4 - 6x sell - Wheat TTF

 

6 timeframe sell alert on Wheat on May 4 @ 05:55 EST. I identified an iMTF on 30m/60m/120m/240m and set up a pullback order on the 120m after validating the Reward/Risk. Price never pulled back to the iMTF so I looked for a breakout, however, the Reward/Risk was not good so we walked away from this opportunity.

 

May 4 - 6x sell - CornMay 4 - 6x sell - Corn TTF

6 timeframe sell alert on Corn on May 4 @ 20:55EST. I identified an iMTF on 30m/60m/120/240m and set up a pullback order on the 240m after validating the Reward/Risk. Price never pulled back to the iMTF so I looked for a breakout, however, the Reward/Risk was not good as the breakout entry was near an iMTF support so we walked away from this opportunity.

 

May 5 - 6x buy - Lean HogMay 5 - 6x buy - Lean Hog TTF

6 timeframe buy alert on Lean Hog on May 5 @ 12:55EST. I identified an iMTF on 30m/60m/120m/240m/Daily and set up a pullback order on the 120m after validating the Reward/Risk. Due to the time it took for the pullback to trigger, by the time the trade did trigger, the Ichimoku lines were starting to already move which is not good for us. That being said, this trade worked out well and we reached our Preserve Mode in the end!

 

May 5 - 6x sell - Mini DowMay 5 - 6x sell - Mini Dow TTF

6 timeframe sell alert on Mini-Dow on May 5 @ 22:55EST.  I could not identify a direct iMTF resistance but the Ichimoku levels on the 30m/60m/240m were close so I decided to throw out a bait off the 30m with a tight stop; however, I did not set up this trade because the Reward/Risk was insufficient.

 

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About the Author Maneshkumar Patel