Ichimoku Future trade of the Week 3-1-13 : Cocoa Futures

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  • Ichimoku Future trade of the Week 3-1-13 : Cocoa Futures

On Feb 27, 2013, we received an Ichimoku  4 Time frame Email alert  Sell on Cocoa futures.  Here is the email alert:

The Entry was 2129, initial stop of 2148, preserve mode value of 2102, and a target of 2068.   This would be a max risk of 19 and min. reward of 27.   This is little over 1:1 min. reward/risk.   If we got to the target, it would be 61 pts and give us a 3:1 reward/risk.   Here is the chart:

We did not take this trade since we were not able to get a 3:1 reward/risk on a pull back trade.

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com

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