Ichimoku Future Trade of the Week: Dec 16, 2012 Corn

  • Home
  • /
  • Blog
  • /
  • Ichimoku Future Trade of the Week: Dec 16, 2012 Corn

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

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also 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.