Trailed the stop loss to potentially lock in profit while maintaining the position.
Australian Dollar
Trade Spotlight: Futures – Weekly Summary: Australian Dollar
Went long the Australian Dollar futures contract this week. Trailed the stop loss higher once to reduce the risk.
Beyond the Spotlight: April 5, 21 (Aussie & RBOB)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below covers… Read more.
Beyond the Spotlight: November 30, 2020 (Aussie, Meal, Sugar)
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below… Read more.
Commodity Prices Seeing Liquidation Pressure
The uneven pattern of US scheduled economic data continues, with a jump in initial jobless claims seen on the same day as ongoing jobless claims fell to their lowest level since November of 2000.
Global Macroeconomic Prospects Are Improving
With a number of longer-term moving averages signaling reversals in several currencies, fresh record highs in a number of global equity market measures and crude oil prices managing to hold $10 to $12 a barrel above their 2015 lows, global macroeconomic prospects are improving.
Creating a Futures Portfolio
At the end of the day, most traders and investors are searching for something that works. For them, this involves ways to limit risk while trying to extrapolate upside opportunities. But, the question remains: how can we find simple and effective ways to do this?