This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, March 21, 2018.
There is a trade opportunity based on a Trend Line breakout in the Soybean Oil futures market. The Stochastic indicator is showing strong Momentum to the upside. While Trend Seeker is currently down, its ranking is weak. The MACD indicator has shifted bullish already. Today the market closed above an upper Trend Line and the 20-day Moving Average. Entering a long position on a break of todays session high and the 50-day Moving Average.
Buy the July 2018 Soybean Oil futures contract on 32.70 using a stop order, GTC.
Initial Margin = $660 Maintenance Margin = $600
Stop loss: Place sell stop at 31.60, below the twelve-month contract low, GTC (Initial Risk: $660)
Target: Place sell limit at 36.00, near the top of the Trend Line, GTC. ($1,980)
July 2018 Chart from Bar Chart
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Trade Spotlight: Futures - Trade Spotlight Futures is an email advisory that provides futures contract trade setups accompanied by definitive trade management. Trade setups are developed by applying the GBE trading methodology of chart formation breakouts confirmed through key technical indicators.
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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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