This is a pattern entry from Don DeBartolo’s e mail publication, Trade Spotlight: Futures, revealed on Thursday, April 20, 2017.
There is a commerce alternative based mostly on a development line breakout at the moment within the Silver futures market. Looking to commerce the mini contract for lowered danger and margin. The MACD and Stochastic indicators are each bearish even when Trend Seeker continues to be up, although with a weak rating. Anticipating a change in Trend Seeker because the 20-day Moving Average is converging with the 50-day Moving Average.
Sell the July 2017 mini Silver (YIN7) at 18.150 utilizing a restrict order, GTC.
Initial Margin = $1,540 Maintenance Margin = $1,400
Stop loss: Place purchase cease on 18.400, above the current highs and Moving Averages, GTC. (Risk: $250)
Target: Place purchase restrict on 17.000, the primary level on the development line and potential help degree, GTC. (Profit: $1,150)
July 2017 Chicago Wheat Chart from Bar Chart
Contact your Daniels Trading dealer by telephone or e-mail to put this commerce.
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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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