This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight:Futures, published on Monday, May 23, 2016.
There is a trade opportunity based on a potential M.E.T. breakout in the Cocoa market. The MACD and Stochastic indicators have hooked bullish. This trade is in line with the seasonal tendencies of this commodity.
Buy the September 2016 Cocoa contract on 2990 using a stop order, GTC.
The entry is a break of today’s high. Initial Margin = $1,430 Maintenance Margin = $1,300
If filled:
Stop loss: Place sell stop at 2890, on the other side of the trend line and below the 5/19/16 low, GTC. (Risk: $1,000)
Target: Place sell limit at 3240, a potential resistance point, GTC. (Profit: $2,500)
Contact your Daniels Trading broker by phone or email to place this trade.
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