Ichimoku Future Trade of the Week : 7-26-13 Soybean Oil

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  • Ichimoku Future Trade of the Week : 7-26-13 Soybean Oil

On July 23, 2013, we received a 5 Ichimoku Time frame sell Email alert on the future Soybean Oil.   The email alert is shown below:

To keep our risk low due to the consolidation pattern, we are going to setup everything on a 2h chart for  breakout trade.   The entry is 45.05, initial stop of 45.53, and a preserve mode value of 43.77.    This would give us a max. risk of 0.48 and a min. reward of 1.28.   That would equal a 2.6:1 reward/risk ratio.    For breakouts, we look for a 1:1 reward/risk ratio so when we enter the trade, it automatically becomes a 3:1 i.e. 300%.  Here is the chart setup.

The trade was exited at the preserve mode value of 43.77.


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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