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Trade Spotlight: Futures (Gold)

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This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Wednesday, November 1, 2017.

There is a trade opportunity based on a Trend Line and potential M.E.T. breakout in the December 2017 Gold futures market. A very short-term Double Bottom Formation is in place with lows at 1262.8 (10/06/17) and 1263.8 (10/27/17). The market closed above an upper trend line today. A break of today’s session high would just about be a break of the 20-day Moving Average as well. There is a seasonal tendency to be long Gold futures through the first part of November.

Buy the December 2017 Gold futures contract on 1282.0 using a stop order, GTC.

Entry is a break of today’s high / Initial Margin = $5,390 Maintenance Margin = $4,900 / FND is 11/30/17

If filled:

Stop loss: Place sell stop at 1268.0, below the 10/31/17 session low, GTC (Initial risk: $1,400)

Target: Place sell limit at 1308.0, below the 10/16/17 session pivot point high, GTC. ($2,600)

December 2017 Gold Chart from Bar Chart

You can trade the mini sized Gold futures contract with an Initial Margin of $1,595.03 and Maintenance Margin of $1,450.03. The risk is $466.67 and the profit is $866.67 based on the same price points above.

Trade Spotlight: Futures Trial

Try Trade Spotlight: Futures for 30 Days

Trade Spotlight: Futures Trial – An email advisory that provides futures contract trade setups accompanied by definitive trade management. Trade setups are developed by applying the GBE trading methodology of chart formation breakouts confirmed through key technical indicators.

Trade Spotlight: Futures includes an email newsletter subscription.

Trade Spotlight: Futures trial lasts 30 days.

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Risk Disclosure

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.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

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About the author

Due to his widespread proficiency and experience with the futures and commodity options markets, he is able to offer his clients timely insight, specialized trade recommendations, and educational information through various videos and writings.

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