On March 26, 2013, we received a 5 Ichimoku Time frame Email Alert Buy on Oat Futures. The email is shown below:
To keep the risk low, we setup the trade on a 2h time frame. The entry was 398 4/8, initial max risk of 395 1/8, and preserve mode value of 405. This would give us a max risk of 3 3/8 and a min reward of 6 4/8. This would give us min. reward/risk of 2:1 to preserve mode. We are also going to set a target of 415 4/8 which would definitely get us to a 3:1+++ reward/risk ratio. Here is the chart setup:
The trade had entered and gotten into preserve mode. Unfortunately, price missed our target by a couple of points and we exited the trade at 409 in preserve mode. This give us more than 300% return.
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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