Ichimoku Future Trade of the Week 4-19-13 : Rough Rice

On April 11, 2013, we received a Ichimoku 6 time frame email buy alert on the Future Rough Rice.   The email alert is shown below:

Everyone was trying to go bullish.   However, the trade never triggered on the bullish setup.   Instead, a bearish setup occurred.   We took advantage of it because a small downward would cause everyone to get out.

 

The trade was setup on a 4hr chart.  The entry was 15.488, initial stop of 15.703, and preserve mode value of 15.234.  This would give us a min. reward of 0.254 and a max risk of  0.215.   This would give us a min reward/risk of 1:1 to the preserve mode value.

Currently, our stop is at 15.159 since preserve mode has been reached.  The stop is below our entry so it is a free trade.

 

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

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About the Author Manesh Patel