This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, April 20, 2017.
There is a trade opportunity based on a trend line breakout today in the Silver futures market. Looking to trade the mini contract for reduced risk and margin. The MACD and Stochastic indicators are both bearish even if Trend Seeker is still up, though with a weak ranking. Anticipating a change in Trend Seeker as the 20-day Moving Average is converging with the 50-day Moving Average.
Sell the July 2017 mini Silver (YIN7) at 18.150 using a limit order, GTC.
Initial Margin = $1,540 Maintenance Margin = $1,400
Stop loss: Place buy stop on 18.400, above the recent highs and Moving Averages, GTC. (Risk: $250)
Target: Place buy limit on 17.000, the first point on the trend line and potential support level, GTC. (Profit: $1,150)
July 2017 Chicago Wheat Chart from Bar Chart
Contact your Daniels Trading broker by phone or email to place this trade.
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