Ichimoku Future Trade of the Week 3-22-13 : Platinum Metal

On March 13, 2013, we received an Ichimoku 4 Timeframe Sell Email Alert on Platinum Metal.    The email is shown below:

To keep our risk low but look for a long term trade, we setup everything on a 240m chart.   The entry was 1596.87, initial stop of 1602.29, and a preserve mode value of 1565.42.   This is a initial min. risk of 5.42 and min. reward of 31.45.  This would give us a 5.8:1 reward/risk ratio i.e. 580%.   Here is the chart setup.

We entered preserve mode and exited the trade at 1568.00

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About the Author Manesh Patel