Ichimoku Future trade of the Week : 9-6-13 5 Year U.S. Treasury Note 6 time frame sell

On Sept 3, 2013, we received an Ichimoku 5 time frame sell on the 5 year U.S. Treasury Note futures.    The email is shown below:

The 4h chart was “clean” in that, it had a good cloud breakout strategy.    Since this is a future, we will setup a pull back trade to keep the risk low.   The entry would be 119’12.0, initial stop of 11.9’15.7, and a preserve mode of 118’31.7.     This would give a min. reward of 80.3 and a max risk of 3.7.   This is definitely over a 3:1 reward/risk ratio.   Here is the chart setup:

The trade entered preserve mode and we exited at 118’22.0.

 

 

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About the Author Manesh Patel