This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Friday, August 4, 2017.
There is a trade opportunity based on a Trend Line breakout today in the Soybean Oil futures market. The market broke and closed below a lower Trend Line. Selling the contract on a pullback towards the Moving Averages and half-way of today’s trading range. The Stochastic indicator is showing strong Momentum to the downside. The Trend Seeker is Up, but with a neutral ranking. The MACD indictor is showing signs of a shift in trend to the downside. The 50-day Moving Average is converging on the 20-day Moving Average.
Sell the December 2017 Soybean Oil futures contract at 34.10 on a limit order, GTC.
Initial Margin = $935 Maintenance Margin = $850
Stop loss: Stop loss: Place buy stop on 35.60, above the twelve-month contract high, GTC ($900)
Target: Target: Place buy limit on 31.60, above the twelve-month contract low, GTC. ($1,500)
December 2017 Soybean Oil Chart from Bar Chart
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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
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