We received a 5 time frame Ichimoku sell email alert on Dec 17 for Corn Futures. The email is shown below.
We had an option to trade the 30m, 60m, 120m,or 240m time frame for the trade. We elected to trade the 120m time frame with Ichimoku. In order to keep risk very low, a pull back trade was chosen. The entry was 724.875, initial stop of 728.5, preserve mode of 714.75, and target 687.5. The initial risk was 3.625. The min. reward to preserve mode is 10.125. The reward to the target is 37.375. The min. reward/risk is 2.8:1 i.e. 279%. The max reward/risk to the target is 10.3:1 i.e. 1031%. Here is the chart from Tradestation:
The target was reached on 12/20 and the trade was exited.
If you would like to learn how to trade using Ichimoku Kinko Hyo, go to www.ichimokutrade.com
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