cocoa future trade idea – cullen outlook – formation finder
This is a sample of Brian’s email newsletter, The Cullen Outlook.
This is from the Formation Finder UPDATE portion from January 26th.
To gain access to these charts and all of the trade ideas in full the day they are released, sign up today!
Check out some of the most recent posts here:
https://www.danielstrading.com/author/bcullen
FORMATION FINDER UPDATE
Good Afternoon—
March COCOA:
(CC-MH7)
Just last week on Thursday 1/26, we pinpointed getting SHORT this market if we broke below 2140
…market settled today at 2063
If you got involved in this Formation Finder opportunity, great job!
It is time to reward the market by moving your stops, selling a put, taking profits or checking in on any put options purchased when it re-opens on Monday morning.
If it breaks through 2060, that’s roughly 80 points ($800.00) depending on your entry, so perhaps exit there and look for the next bounce to do it again! (using May contract) You can see on the chart that while it has been trading lower…it has been back and forth on the way down.
If you missed the 1st entry last week, I think there is room for more downside. What do you think about jumping in on the next bounce?
*** Roll to the MAY contract for any NEW entries ***
— If you are a client of mine, call in to discuss all of these possibilities
— If you are having difficulties getting involved in this or any of the Formation Finder trade ideas…call me up and let me know…we can discuss that too!
“Trade it when you see….LET’S DO THIS!”
Have a look at the chart and potential continued downside in the Cocoa market…
Subscribe to How To Guide: 10 Rules for Technical Futures Trading
How To Guide: 10 Rules for Technical Futures Trading - This guide uses graphs, charts, and simple strategies to illustrate 10 rules for technical futures trading. Whether you are a novice or seasoned trader, this How To Guide is ideal for broker-assisted and self-directed traders looking to learn or improve their technical trading skills.
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!
Risk Disclosure
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.
