Ichimoku Future Trade of the week 2-8-13: Coffee Future Bearish

On Feb 1, 2013, we received a Ichimoku 7 Time Frame Sell on Coffee Futures.    This is the highest probability email alert you can received.    Here is the email:

We are going to setup a 4hr Pull back trade on the chart.    The trade was setup once we woke up during EST hours.    The entry was 152.76, initial stop of 154.68, and a preserve mode value of 145.69.   The max. risk is 1.92 and the min. reward is 6.87.   This is a min. 3.5:1 reward/risk ratio i.e. 358%.   Here is the chart setup:

The current stop is 146.02 in Preserve mode.    We are protecting our profits so we have tightened up our stop.

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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About the Author Manesh Patel