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Is this a buy signal forming in Cocoa


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necessarily mean any individual followed the trades exactly as recommended. This newsletter has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Past performance is not necessarily indicative of future results. There is a significant risk of loss associated with trading futures and options. "It should be noted that the impact on market prices due to seasonal or market cycles and current news events may be
reflected in current prices
." Any discussion of trading profit or losses please beware that you have to account for commissions and slippage.

Cocoa - Looking at the May Cocoa contract we closed today at2990 up 30 points on the day and this is after we had spiked down to 2924 which was down 35 points from yesterday's close and 49 points from today open. What we call this in the  technical world is an exhaustion bar. In this case, it would be a bullish exhaustion bar because the market open spike  down and closed at or above the open. Traders look at this as a bullish indication but, of course, there are never any  guarantee this is only speculation that we could have a long signal here leading into tomorrow trading action. If the price action pushes up over 3000, even then I am recommending a long position but if prices push back under 2950 then I recommend holding off. If we should take a trade entry to the long side over 3000, then I would recommend placing a stop under last week's low of 2918. I would set an upside target of 3050 and 3100. I would also look into the possibility  of selling 3100 call options. For more details feel free to contact me at 1-815-806-9571

All trading suggested recommendation that I provide is strictly my opinion. Any suggested trades and trading ideas should not be considered as actual trades, but trading suggested recommendations.

Coffee option- that I recommended on the open Wednesday the market open down 500 points at the 14300 level. So on Wednesday I suggested to my clients if you did sell the 145 put I hope you got a way better price than the 300 premium I was recommending Tuesday night because it open over 500 on Wednesday and are now we are trading at 762 . This is why on weekday if you called I recommended to my clients to hold off if you had not sold the 145 put option all ready. Also,  this is why I only recommended this trade to high-risk aggressive traders only. At this point, there are 14 days until expiration, and this includes the weekend the option will lose another two days come Monday. If the market holds down at  this level and you are in this position I am recommending holding on to the position and take a futures position if we  get assign a long position if we are in the money on expiration day. I will recommend playing this position out on the futures side and keeping the premium we collect depending on what price you receive you can deduct that from the strike price mini the commission and slippage, and this would be your average futures price. You will need the market to trade
higher than this price for you to make money 

 

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If you are looking for a futures or option broker feel free to contact Jr Stegmueller at
815-806-9571 and I will be more than happy to help you with your trading or visit
ww.ftzfutures.com Skype Address: coyotes6900 Mr. Stegmueller is taking on new client
 

Mr. Stegmueller is also the principal and owner of Express Futures Inc / DBA Liberty Financial
Markets. For information on our brokerage services visit our web site at
www.LFMarkets.com  


 

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MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE
ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED
FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING 

 

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Mr. Stegmueller has 25-years of experience working with the futures and option markets as he began his career at the CHICAGO BOARD OF TRADE where he quickly advanced into new & more challenging positions as Mr. Stegmueller became experienced  in the workings of the floor and exchange.

In 1987 Mr. Stegmueller accepted a position at a large futures firm where he focused his attention on learning the intricacies of retail brokerage industry and actively managed the risk and day-to-day trading and operations  He brings his vast wealth of knowledge to each one of his clients.

Under the tutelage of a former Chairman of the Chicago Board of Trade, Mr. Stegmueller learned a disciplined trading approach with a strong emphasis on risk and money management along with the true value of customer service. As   the president of Liberty Financial markets, Mr. Stegmueller has been a guest speaker at many trade shows & expos and a spokesperson for the Chicago Board of Trade on the Mini Dow futures contract.

Contact : Bernard Stegmueller ( Jr Steggy ) (815) 806-9571 or at jr@lfmarkets.com  

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