Sept 7, 2014 10:57:09 PM EST , we received an Ichimoku 7 time frame sell email alert on Heating Oil Futures. Here is the email alert:
As you see we have a 7x Sell on Heating Oil. Took the 2hr break out. We need at least a 1 to 1 reward risk ratio. My entry is 2.7961, Initial Stop is 2.8524. My preserve mode is 2.7264. My Risk is 563 pips and my reward is 697. So we have a little better than a 1 to 1. Lets take a look at the chart.
As you can see we hit our preserve mode.
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