I wanted to take a few minutes and discuss a trading formation, THE BULL FLAG.
The Cullen Outlook
We pinpointed the trendline break last week on the 13th and it turned out to be a great trade!
(refer to that email to see the initial set-up if needed)
Well done to those who participated! Up roughly 150 points depending on your entry, let’s reward the market and move the stops!!…(or look to exit if satisfied or sell a call at the very least)
On Tuesday the 14th, we noted the big move higher with no follow through and the idea was to get SHORT near 78.50 Did you get involved? Great job!
We had 3 ideas this week and they all centered around the Trendline Break.
June US DOLLAR
So I wanted to send out this video on each of the 3 trades and update them.
I am looking at getting SHORT SUGAR but not have a hard stop in in case of some back and forth price action on the way down.
USING OPTIONS IN LIEU OF A STOP ORDER
I received a lot of questions on the trade idea that went out in Crude Oil yesterday (selling the future and buying a call option for protection). I used options in lieu of a hard stop order and I wanted to explain this a little further for those unfamiliar.
We saw this formation not too long ago and it led to a real nice move. I want to get involved in this again
200 day moving average in blue is back in play!!!
lean hogs and sugar future trade idea – cullen outlook – formation finder This is a sample of Brian’s email newsletter, The Cullen Outlook. This is from the Formation Finder UPDATE portion To gain access to these charts and all of the trade ideas in full the day they are released, sign up today! Check out some of the… Read more.
Since January 9th Crude has been channel trading in between 55.00 and 52.50
This morning we touched 55.00 and have since backed off …What do you think about getting SHORT?