This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on July 16, 2021.
Long the September 2021 Japanese Yen on .90880 (7/09/21). Market settled at .90890. Marked-to-market gain of $12.50.
Sell stop for the Japanese Yen contract at .90240, below a lower support level, GTC. (Initial Risk: $800, plus commission and fees)
Sell limit for the Japanese Yen contract at .92440, a potential resistance level, GTC. (Reward: $1,950, minus commission and fees)
Sell the October 2021 Lean Hogs 87.675 using a stop order, GTC.
Place buy stop on 90.600, above the number three point and the 50-day Moving Average (90.350), GTC. (Initial Risk: $1,175, plus commission and fees)
Place buy limit on 73.500, a Wave Projection, GTC. (Reward: $5,670, minus commission and fees)
Stopped out of the short October 2021 Sugar contract from .1791 (6/07/21) on .1747 (7/16/21) for a profit of $492.80.
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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
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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