Ichimoku Future Trade of the week 3-29-13 : Oat Futures

On March 26, 2013, we received a 5 Ichimoku Time frame Email Alert Buy on Oat Futures.   The email is shown below:

To keep the risk low, we setup the trade on a 2h time frame.   The entry was 398 4/8, initial max risk of 395 1/8, and preserve mode value of 405.   This would give us a max risk of 3 3/8 and a min reward of 6 4/8.   This would give us min. reward/risk of 2:1 to preserve mode.   We are also going to set a target of 415 4/8 which would definitely get us to a 3:1+++ reward/risk ratio.  Here is the chart setup:

The trade had entered and gotten into preserve mode.   Unfortunately, price missed our target by a couple of points and we exited the trade at 409 in preserve mode.   This give us more than 300% return.

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