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.
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 or email us at info@eiicapital.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.
