On January 11, 2013, we received an Ichimoku 5 time frame Buy email alert on the Future Coffee. The email alert is shown below:
We setup for a 4h time frame trade since the other time frames were more day trading. The entry was 151.08, initial stop of 150.18, and a preserve mode value of 155.90. This would give us a max risk of 0.90 and min reward of 4.82. This would give us a 5.35:1 reward/risk ratio i.e. 535% min return. Here is the chart setup:
The current stop is 154.90 since we are in preserve mode already i.e. protecting profits.
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
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