On April 9, 2013, we received a 6 Ichimoku Time Frame Buy Email alert on Coffee Futures. Here is the email alert:
The 2h chart looked very “clean” so we setup up the trade on that timeframe. The entry 140.13, initial stop of 140.53, and preserve mode value of 137.31. The maximum risk would be 0.40 and the min. reward would be 2.82. This would give us a min. of 7:1 reward/risk i.e. 705%.
We entered the trade on a pull back and currently we are in Preserve mode. The current stop if 138.43. This is a “free trade” now since our stop is below our entry. If we got stopped out today, we would get 1.70 in profit i.e. 425% return. As as the trend continues to go down, our stop will move further down and it will lock in more of the profits.
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 or email us at info@eiicapital.com
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