Ichimoku Future Trade of the Week : 5 Time Frame Sell Sugar Future

Aug 13, 2014 07:56:08 AM EST , we received an Ichimoku 5 time frame sell email alert on Sugar Futures.  Here is the email alert:

weekly_future_8_15_14_email

According to the higher time frames, Sugar has been trending for a long time.  As a result, we are going to setup for a pull back trade on the 60m time frame to keep our risk low.    The entry is 16.20, initial stop of 16.26, and a preserve mode value of 15.97.   This gives us a max risk of 6 cents and a min. reward of 23 cents.   This is close to a 4:1 reward/risk i.e. 400%+.   Here is the chart setup:

weekly_future_8_15_14_chart

We reached our preserve mode target and then went to preserve mode.  In preserve mode, we used the red line plus a buffer as a trailing stop.   We got stopped for a profit at 15.97.

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About the Author Manesh Patel