On July 16, 2013, we received an Ichimoku 6 Time Frame Sell on the Wheat futures. The email is shown below:
We setup the chart on a 4h time frame. Wheat had undergone a pull back and we wanted to find a trade to retest the low. The entry on the 4h was 673 3/8, initial stop of 676 1/8, and a target of 656. This would give us a max. risk of 5 6/8 and min. reward of 17 3/8. This would give us a 3:1 + reward/risk ratio. Here is the chart:
The trade was exited at the target.
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