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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