This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge.
9/17/2013 11:36:18 AM
Magenta bars on TAS Navigator communicate that this recent decline may soon be reversing. Traders should consider moving protective buy stops down to 1680 or exiting completely at this time. Entries at 1708 are holding a gain of 30 points at this time.
9/17/2013 7:36:52 AM
Short entries from 1708 are holding a 24 point gain at this time. Consider a stop adjustment to 1692 at this time:
9/16/2013 10:10:20 AM
Sugar is trading lower this morning, so I am going to move my stop down to 1704 and lock in a 4 point move (assuming an entry at 1708 and no slippage on the exit).
9/13/2013 12:51:36 PM
Given our relatively tight risk on the trade I am going to leave this on the newsletter until Monday. Traders uncomfortable with the long layover should look to exit before the 1:00PM CST close.
9/13/2013 8:57:43 AM
I have included two charts below. On the first one, you can see that October Sugar is very near daily resistance. Technical analysis 101 tells us to watch this closely for either a breakout or a retracement:
Now let’s break it down to a smaller timeframe that we can trade before the weekend. Here is the 20 minute chart with TAS Tools. We can see that TAS Navigator is below the zero line so our bias is bearish. Therefore, I like the idea of resting a sell stop right below today’s low of 1709 and waiting to see if we get that break lower. If filled, consider risking the position to 1718 or 1724:
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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