On April 11, 2013, we received a Ichimoku 6 time frame email buy alert on the Future Rough Rice. The email alert is shown below:
Everyone was trying to go bullish. However, the trade never triggered on the bullish setup. Instead, a bearish setup occurred. We took advantage of it because a small downward would cause everyone to get out.
The trade was setup on a 4hr chart. The entry was 15.488, initial stop of 15.703, and preserve mode value of 15.234. This would give us a min. reward of 0.254 and a max risk of 0.215. This would give us a min reward/risk of 1:1 to the preserve mode value.
Currently, our stop is at 15.159 since preserve mode has been reached. The stop is below our entry so it is a free 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 or email us at info@eiicapital.com
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 can not 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.
