On April 7th, 2016 we received an Ichimoku 6 time frame SELL email alert for Cocoa Futures. The email alert is shown below:
There was a bearish cloud breakout on the 30m chart, after which we looked for a pullback entry. Our entry was at 2875, with an initial stop of 2882, and a target of 2843.This set-up provided us with a reward-to-risk ratio of greater than 4 to 1 which met our rules, therefore allowing us to go ahead and execute the trade. See chart below:
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
EDUCATIONAL USE: Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has 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 cannot 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.
