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Trade Spotlight: Futures – Weekly Summary: Currencies, Wheat, Notes

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This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on Friday, February 12, 2021.

 

Open Positions

Short the May 2021 Chicago Wheat at 646’6 (2/03/21). Market settled at 641’2. Marked-to-market gain of $275.

Long the March 2021 Ten-Year Notes on 137-00 (2/11/21). Market settled at 136-175. Marked-to-Market loss of $453.27.

Working Orders

Buy stop for the Chicago Wheat contract on 663’0, above recent session highs, GTC. (Remaining Risk: $812.50, plus including commission and fees)

Buy limit for the Chicago Wheat contract on 571’0, near the 200-day Moving Average, GTC. (Reward: $3,787.50, minus commission and fees)

Sell stop for the Ten-Year Notes contract on 136-120, below the number three point, GTC. (Initial Risk: $650.20, plus including commission and fees)
Sell limit for the Ten-Year Notes contract on 138-07, near recent highs, GTC. (Reward: $1,219.14, minus commission and fees)

Closed Positions

Stopped out of the short March 2021 Canadian Dollar contract from 77.990 (1/28/21) on 78.890 (2/10/21) for a loss of $900.

Stopped out of the short March 2021 Euro FX contract from 1.20670 (2/01/21) on 1.2107 today (2/09/21) for a loss of $500.

 

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