Ichimoku Future Trade of the Week Oct 3: 5 Time Frame Sell ES, E-mini S&P 500 Future

Oct 1, 2014 06:57:10 AM EST , we received an Ichimoku 5 time frame sell email alert on E-mini S&P 500 Futures.  Here is the email alert:

Future ES Email Alert

As you see we have a 5x Sell on S&P 500. Took the 1 hr break out. We need at least a 1 to 1 reward risk ratio. My entry is 1956.33, Initial Stop is 1971.40. My preserve mode is 1937.89. My Risk is 15.07 pips and my reward is 18.44. So we have a little better than a 1 to 1. Lets take a look at the chart.

Future ES Chart

As you can see we are in preserve mode.

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About the Author Michael Colquitt