This is a pattern entry from Don DeBartolo’s e-mail publication, Trade Spotlight: Futures, revealed on Friday, July 14, 2017.
Short the August 2017 Lean Hogs futures contract from 81.325 (7/14/17). Market settled at 79.900. Marked-to-market revenue of $570.
Long the September 2017 Ten Year Note futures contract from 125’08 (7/12/17). Market settled at 125’19.zero. Marked-to-market achieve of $171.875.
Buy cease for the August 2017 Lean Hogs on 82.750, above Friday’s buying and selling session excessive. GTC ($570)
Buy restrict for the August 2017 Lean Hogs on 77.675, the 38.2% Fibonacci Retracement degree of the final rally and up to date contract lows, GTC. ($1,660)
Sell cease for the September 2017 Ten Year Notes at 124’18, under the current contract lows, GTC ($687.50)
Sell restrict for the September 2017 at 126’28, a possible resistance degree, GTC. ($1,625)
Stopped out of the brief August 2017 Lean Hogs futures contract from 82.175 (7/11/17) at 83.925 (7/13/17) for a lack of $690.
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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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