This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, September 7, 2016.
There is a trade opportunity based on a potential Trend Line breakout in the Ten Year Notes futures market. The MACD and Stochastic indicators are bullish. Trend Seeker is Down, though with a Weak ranking. Anticipating a change in trend on a close above the Trend Line. This trade is also in line with seasonal patterns to buy the contract and hold through the beginning of October.
Buy the December 2016 Ten Year Note contract at 131’19 using a stop order, GTC.
The entry is a break of today’s high. Initial Margin = $1,485 Maintenance Margin = $1,350
If filled:
Stop loss: Place sell stop at 130’20, below recent contract lows and the 20-day Moving Average, GTC. (Risk: $968.75)
Target: Place sell limit at 133’00, near the twelve month contract high, GTC. (Profit: $1,406.25)
December 2016 Ten Year Note Chart
Contact your Daniels Trading broker by phone or email to place this trade.
Risk Disclosure
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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