Ichimoku Gasoline Future Day Trade Setup: 1-8-13

Below is an Ichimoku day trade setup for Gasoline Futures.      Entry is 2.7898, Initial Stop of 2.7859, and a Preserve mode value of 2.7981.    Once price reaches Preserve mode, we will tighten our stop so we do not go “Round trip” i.e. loss our profits.   The initial risk is 39 pts.    The min. reward is 83 pts.     This is min. of 2:1 reward/risk ratio.   This is an aggressive trade because we typical look for min. 3:1 reward/risk ratio.

 

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About the Author Manesh Patel