Ichimoku Future Trade of the Week Oct 4, 2013: Dollar Futures Short

On Sept 30, 2013, we received an Ichimoku 5 Time frame multi time frame sell email alert on the Dollar Future.  The email alert is shown below:

Due to the consolidation pattern, we setup a pull back trade on the 4h.   When price hit the Kijun Sen (Green Line), we entered the trade.   The entry was 80.358, initial risk of 80.468, and a preserve mode value of 79.958.   This would give us a max risk of 0.11 and a min. reward of 0.40.    The reward/risk would be 3:1+, 363%.    Here is the chart setup:

 

The preserve mode value was reached and eventually we were stopped out for a profit at the preserve mode too.

 

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About the Author Manesh Patel