Futures Commentary and Analysis

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Trade Spotlight: Futures (British Pound)
Don DeBartolo - IF - Thu Dec 07, 11:55AM CST

The post Trade Spotlight: Futures (British Pound) appeared first on Daniels Trading.

This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, December 6, 2017.


There is a trade opportunity based on a Trend Line breakout in the British Pound currency market. The Stochastic indicator is showing a downturn in Momentum. The Trend Seeker is up, but with a weak ranking. The MACD indicator, a trend indicator, is set up to hook over bearish as well. There is seasonal tendency for this market to sell-off in December. There is also Brexit talk in the news again.

Sell the March 2018 British Pound futures contract at 1.3398 using a stop order, GTC.

Entry is a break of the 12/06/17 low. Initial Margin = $1,980 Maintenance Margin = $1,800

If filled:

Stop loss: Place buy stop on 1.3528 above recent session highs, GTC (Initial Risk: $812.50)

Target: Place buy limit on 1.3098, a potential support level, GTC. ($1,875)

March 2018 British Pound Chart from Bar Chart

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This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

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