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 firstname.lastname@example.org
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