This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, January 18, 2018.
There is a trade opportunity based on potential M.E.T. breakout in the Soybean futures market. The Stochastic indicator is showing strong Momentum to the upside. The Trend Seeker is currently down, though with a weak ranking. The MACD indicator has shifted bullish already.
Buy the May 2018 Soybean futures contract on 988’0 using a stop order, GTC.
Entry is a break of 1/05/18 session high. Initial Margin = $1,430 Maintenance Margin = $1,300
Stop loss: Place sell stop at 965’0, below the 12/29/17 low, GTC (Initial Risk: $1,150)
Target: Place sell limit at 1035’0, near recent contract highs, GTC. ($2,350)
May 2018 Soybean Chart from Bar Chart
You may trade the mini Soybean futures contract with an Initial Margin of $286 and Maintenance Margin of $260. The risk would be $230 and the profit would be $470 based on the same prices above.
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Trade Spotlight: Futures - An email advisory that provides futures contract trade setups accompanied by definitive trade management. Trade setups are developed by applying the GBE trading methodology of chart formation breakouts confirmed through key technical indicators.
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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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