This is the Weekly Summary Email of the Trade Spotlight advisory service for the week ending on January 21, 2022.
Open Positions
Short the March 2022 British Pound contract from 1.3600 (1/19/22). Market settled at 1.3551. Marked-to-market gain of $306.25.
Working Orders
Buy stop for the British Pound contract on 1.3660, above Thursday’s session high, GTC. (Remaining Risk: $375, plus commission and fees)
Buy limit for the British Pound contract on 1.3400, near the 61.8% Fibonacci Retracement, GTC. (Reward: $1,562.50, minus commission and fees)
Sell the April 2022 Live Cattle contract at 141.950 using a stop order, GTC.
If filled:
Place buy stop on 143.850, above the left shoulder, GTC. (Initial Risk: $760, plus commission and fees)
Place buy limit on 139.950, near the 89-Day Moving Average, GTC. (Reward: $800, minus commission and fees)
