On Oct 27, 2014 03:58:10 PM EST, we received a Ichimoku email alert 4 time frame sell on mini Silver Futures @YI. Here is the email alert:
Silver futures have been consolidating for awhile. The highest time frame is the 120m so we are going to setup the trade on that time frame. Since we are dealing with a consolidation pattern, we are going to setup a pull back trade to keep our risk low. Also, our entry is going to be a conservative entry where the entry is a multiple time frame match across various time frame. The entry will be 17.414, initial stop of 17.606, and a preserve mode of 16.649. This gives us a max risk of 0.192 and a min. reward of 0.757. This is over 4:1 reward/risk ratio. Here is the chart setup:
The trade triggered and we are in preserve mode. The current stop is 16.186. If the trend continues to go down, our stop will continue to move down. If it decides to pull back, we will be stopped out for a profit. We are going to let the market tell us what to do. Either way, this is a “free trade”. The stop is below the entry so we have locked in profits already which are well over 4:1 reward/risk ratio.
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.