Aug 28, 2014 01:55:08 AM EST, we received an Ichimoku 6 time frame sell email alert on the Future Soybean Oil. Here is the email alert:
Since this signal came when we were asleep, we look at the charts at 6am EST. The email alert shows the highest time frame that has a cloud breakout is 60. Therefore, we are setting up for a 60m time frame. The entry was 32.99, initial stop of 33.07, and a preserve mode value of 32.48. This would give us a max risk of 0.07 and a min. reward of 0.51. The reward/risk would be 7:1 reward/risk ratio. Here is the chart setup:
We reached our preserve mode value and now we have tightened our stop. Currently, our stop is 32.60.
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