On March 13, 2013, we received an Ichimoku 4 Timeframe Sell Email Alert on Platinum Metal. The email is shown below:
To keep our risk low but look for a long term trade, we setup everything on a 240m chart. The entry was 1596.87, initial stop of 1602.29, and a preserve mode value of 1565.42. This is a initial min. risk of 5.42 and min. reward of 31.45. This would give us a 5.8:1 reward/risk ratio i.e. 580%. Here is the chart setup.
We entered preserve mode and exited the trade at 1568.00
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
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