On June 10, 2013, we received a 6 Ichimoku time frame multi time frame Sell on the Future Sugar. The email is shown here:
Since we are dealing with futures, we are going to setup the trade on a 2h chart. The setup is going to be aggressive since we are looking at a pull back trade within a consolidation pattern. The entry is 16.46, initial stop 16.50, preserve mode of 16.33. This would give us a min. reward of 0.13 and max risk of 0.04. The reward/risk would be 3:1 i.e. 300%+. Here is the chart setup:
We exited the trade in preserve mode at 16.30.
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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.
