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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