Ichimoku future trade of the week Nov 22, 2013 5 time frame sell on Gold Futures

On Nov 19, 2013, we received a Ichimoku 5 multiple time frame sell email alert on Mini Gold Futures.    Here is the email alert:

We elected to setup the trade on the 2h since that was the only time frame that had the cloud breakout strategy.   The entry was 1274.72, initial risk of 1279.92, and a preserve mode of 1260.64.    This would give us a max risk of 5.20 and a min. reward of 14.08.     This is a 2.7:1 reward/risk ratio i.e. 270%.   If we had taken the trade at the Kijun Sen, we would have definitely received a 3:1 reward/risk ratio.   Instead, we missed it and had to take a lower pull back level.    Here is the chart setup.

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About the Author Manesh Patel