This is a sample of Brian’s email newsletter, The Cullen Outlook. This is the Pre-Dawn Targeting portion for Thursday, July 16th.
To gain access to these charts and all of the trade ideas in full, sign up for a complimentary 30 day trial.
Positions we have on:
- SHORT the December Kansas City Wheat from 6.00
- LONG the August Live Cattle from 146.75
Best looking chart to start your day…
This market has pressed up against 12.60 – 12.80 a few times over the past month. Each time it has gotten turned away. I am not saying that this will happen again but I would like to get involved to the downside. Once filled, if this market does not break lower and we continue to the upside, I think this is one of those cases where we might want to look to make our stop loss a 2 lot and see if we can participate in the upside after getting stopped out. If you are unfamiliar with the concept, take a quick view of the video I did on it a while back.
Make Your Stop Order a 2 Lot:
Another idea: After getting filled on your short future, you may prefer to use a call option, in addition to your stop order. Look to buy the October 13.00 call for 30 points or so (around $336.00) The thought process being… if the market continues higher, you would get stopped out BUT the call option would help you by allowing you to participate in some of that upside move and potentially reduce some of the losses.
(see chart below)
Call in or email your DT broker if this idea peaks your interest or if you have another idea on your mind…
If you are currently NOT a Daniels Trading client, this is the place to be!
You may not scan each market sector every day looking for technical set-ups and formations, but I do!
The Cullen Outlook has something for broker-assisted and self-directed traders alike.
Call in today and let’s get started.
Have a great day!
LET’S DO THIS!
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The Cullen Outlook Trial - The Cullen Outlook is for those wishing to follow the moves of a technical trader. As a member of The Cullen Outlook, you’ll get to look over senior futures market strategist Brian Cullen’s shoulder, see the market set-ups that grab his attention, and learn what he looks for when analyzing a chart! You’ll also gain insight into Brian’s ideas from trade conception and entry point, to managing the trade, all the way up to trade exit.
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The Cullen Outlook trial lasts 60 days.
Learn Futures Technical Analysis from a Pro with The Cullen Outlook
The Cullen Outlook is a futures trading newsletter for those wishing to follow the moves of Brian Cullen, an experienced technical trader. He’ll identify charts setups, provide direct trade recommendations and plans, and share other useful insights to help you become a better technical trader.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.