On June 10, 2013, we received a 6 Ichimoku time frame multi time frame Sell on the Future Sugar. The email is shown here:
Since we are dealing with futures, we are going to setup the trade on a 2h chart. The setup is going to be aggressive since we are looking at a pull back trade within a consolidation pattern. The entry is 16.46, initial stop 16.50, preserve mode of 16.33. This would give us a min. reward of 0.13 and max risk of 0.04. The reward/risk would be 3:1 i.e. 300%+. Here is the chart setup:
We exited the trade in preserve mode at 16.30.
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