On May 14, 2013, we received a Ichimoku 6 Time Frame Email alert Sell on Mini Gold Futures. The email is shown below:
Due to the consolidation pattern, we setup for a breakout trade on a 1hr time frame. The entry was 1416.00, initial stop of 1440, and a preserve mode value of 1349.00. This would be a max risk of 24 points and the min reward is 67 pts. This would be a close a 3:1 reward/risk ratio. Here is the chart setup:
The trade went to preserve mode and we then tightened the stop and got stopped out at the preserve mode value of 1349. This give us a 279% return.
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