Ichimoku Future Trade of the Week 4-13-13 Coffee Futures

On April 9, 2013, we received a 6 Ichimoku Time Frame Buy Email alert on Coffee Futures.   Here is the email alert:

 

The 2h chart looked very “clean” so we setup up the trade on that timeframe.     The entry 140.13, initial stop of 140.53, and preserve mode value of 137.31.   The maximum risk would be 0.40 and the min. reward would be 2.82.   This would give us a min. of 7:1 reward/risk i.e. 705%.

We entered the trade on a pull back and currently we are in Preserve mode.    The current stop if 138.43.    This is a “free trade” now since our stop is below our entry.   If we got stopped out today, we would get 1.70 in profit i.e. 425% return.    As as the trend continues to go down, our stop will move further down and it will lock in more of the 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 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 can not 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.

About the Author Manesh Patel