Trade of the week: On Jan 7, 2013, we received a Ichimoku 6 time frame Buy on the Future Heating Oil. The email alert is shown below:
We received the email where we were sleeping so no action was taken right away. In the morning, we looked at the chart and wait for a cloud breakout and then setup the chart. The entry was 3.0303, initial stop of 3.0226, and a preserve mode of 3.0702. This would give us a max. risk of 0.0077 and a min. reward of .0476. This would be a min. 6:1 reward/risk ratio i.e. 600%. Here is the chart:
We reached preserve mode and then exited the trade at 3.0549.
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
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.
