This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on Tuesday, July 19, 2016.
After posting a pivot reversal, I count six times in the past year where the Dec Corn market has been able to trade back to its 50 day moving average within a month*. Do we have an opportunity for number seven in front of us?
In addition to the technical support, we are entering the hottest time of year for crop production and have a chance to pick this position up near contract lows.
Trade idea: Buy December Corn @ 3.54 or better. If filled, consider a risk level of 3.44 GTC.
**PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.**
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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
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