Future Trade of the Week : March 4, 2014 -> 6 time frame Ichimoku Sell Natural Gas

Posted on March 10th, 2014 by

On March 4 2014, we received an Ichimoku 6 time frame Sell email alert on Natural Gas for the Future market from www.ichimokutrade.com.     Here is the email alert:

Weekly_future_mar7_2014_email

Above is a multiple time frame setup for Natural gas to go down.   Some of the best trades are trades NOT TAKEN!     This is a perfect example.   All the day trading and swing trading time frames where showing Ichimoku bearish setup.    However, if you look at the weekly Ichimoku chart, it was definitely not bearish at all.   The down movement (pull back on the weekly time frame) setup the lower time frames to look like it is bearish .

If a trader takes the bearish setup, the profits are very limited and they are going against the major trend.    Majority of these trades, a loss will occur.   Without trading with the higher time frame, the probability of success is very low since the reward/risk is very low.    Here is the daily and weekly charts.

Weekly_future_mar7_2014_chart

Weekly_future_mar7_2014_chart2

In theory, we should be looking for bullish trades once price get back above the daily resistance.    Any other trades outside this scenario, the probability of success is low.

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