This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, December11, 2020.
Open Positions
Short the March 2021 British Pound contract at 1.3230 (12/11/20). Market last 1.3240. Marked-to-market loss of $62.50.
Long the March 2021 30-Year Treasury Bonds contract on 173-16 (12/11/20). Market settled at 173-21. Marked-to-market gain of $156.25.
Working Orders
Buy stop for the British Pound contract on 1.3455, above recent session highs, GTC. (Initial Risk: $1,325, plus including commission and fees)
Buy limit for the British Pound contract on 1.2700, near the 200-day Moving Average, GTC. (Reward: $3,343.75, minus commission and fees)
Sell stop for the 30-Year Treasury Bonds at 172-16, above recent session highs, GTC. (Initial Risk: $1,000, plus including commission and fees)
Sell limit for the 30-Year Treasury Bonds at 177-00, near recent highs, GTC. (Reward: $3,500, minus commission and fees)
Closed Positions
Stopped out of the short March 2021 Sugar contract from .1485 (11/25/20) on .1495 (12/09/20) for a loss of $112.
Step into the “Spotlight”
Send questions specific to current or past trade recommendations, or any commodity related questions to tradespotlight@danielstrading.com.
Beyond the Spotlight
Watch your inbox Monday mornings for the Beyond the Spotlight video that will “spotlight” two to three markets that may setup as trading opportunities for the week ahead. You may also view the videos here: https://www.youtube.com/user/dtDeBartolo
