Ichimoku Futures Trade for the Week ending April 15, 2016: 5-Year U.S. Treasury Note

On April 10th, 2016 we received an Ichimoku 6 timeframe BUY email alert for the 5-Year U.S. Treasury Notes. The email alert if shown below:

April 10 - 6 timeframe buy alert - 5yr Treasury Note

There was a bullish cloud breakout strategy on the 30m chart, after which we looked for a pullback entry. Our entry was 121’142, with an initial stop of 121’135, and a target of 121’170. This setup provided us with a reward-risk ratio of 4:1. We got entered into the trade during the 18:30EST bar after which we held our pullback level and went straight to our Preserve Mode – successful trade!

April 10 - 6 timeframe buy alert - 5yr Treasury Note - complete

 

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EDUCATIONAL USE: Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Maneshkumar Patel