Jul 31, 2014 06:57:07 AM EST, we received a Ichimoku 5 Time frame Sell Email alert on Soybean Futures. The email alert is shown below;
We are going to setup a pull back trade on the 120m. The entry will be 1087 2/8, initial stop of 1089 4/8 and a preserve mode value of 1077 4/8. This will give us a max risk of 2 3/8 and a min. reward of 9 6/8. This is over 4:1 reward/risk ratio i.e. 400%+. Here is the chart setup:
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