This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Tuesday, December 13, 2016.
There is a trade opportunity based on a potential Trend Line breakout in the Chicago Wheat futures market. The Trend Seeker is Down, but with a Weak ranking. The MACD indicator, a trend indicator, is bullish already. Momentum is strong to the upside.
Buy the March 2017 Chicago Wheat futures contract on 421’0 using a stop order, GTC.
Entry is a break of today’s high and the upper Trend Line. Initial margin: $1,100 Maintenance margin: $1,000.
If filled:
Stop loss: Place sell stop at 408’0, below recent lows, GTC. (Risk: $650)
Target: Place sell limit at 465’0, a potential resistance level GTC. (Profit: $2,200)
March 2017 Chicago Wheat Chart
You may trade the mini Wheat contract with an Initial Margin of $220 and Maintenance Margin of $200. The risk would be $130 and the profit would be $440 based on the same prices above.
Contact your Daniels Trading broker by phone or email to place this trade.
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This material is conveyed as a solicitation for entering into a derivatives transaction.
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