Live Cattle Trade Idea – The Cullen Outlook – Formation Finder
This is a sample of Brian’s email newsletter, The Cullen Outlook from June 30th
*** Check out some of the most recent posts here ***
October LIVE CATTLE:
Time to move our stop loss order up!
LONG from 113.00
…last traded 114.85
*** MOVE STOP from 111.50 to 113.75 (just under today’s low…locking in 0.75) ***
If you bought the August 110.00 put for added protection for 1.80, look to sell that out at 1.20 or better. And we will carry the future alone with our stop in place.
You will lose $0.60 on this option trade but it was purchased for protection when we entered the futures contract, not know if we would get the bounce or not.
Meanwhile the futures contract is up $1.75 and we moved the stop to lock in $0.75
Check out the October Live Cattle chart…
Subscribe to The Cullen Outlook Product SUITE
The Cullen Outlook Product SUITE - The Cullen Outlook is for those wishing to follow the moves of a technical trader. You’ll get to look over the shoulder of a senior futures market strategist, see the market set-ups that grab his attention, and learn what he looks for when analyzing a chart!
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.
Trade recommendations and profit/loss calculations may not include commissions and fees. Please consult your broker for details based on your trading arrangement and commission setup.
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 third-party trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.