Trade Spotlight: Futures (Platinum)

This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Monday, September 11, 2017.


There is a trade opportunity based on a Trend Line breakout in the Platinum futures market. Today the January 2018 contract closed (998.0) below a lower trend line with the first touch dating back to the contract twelve-month low of 895.0 (7/11/17). The MACD and Stochastic indicators have both shifted bearish, even through Trend Seeker is still up, albeit with a weak ranking. Selling the contract on a retracement to the 1000.0 price level.

Sell the January 2018 Platinum contract at 1000.0 using a limit order, GTC.

Initial Margin = $1,760 Maintenance Margin = $1,600

If filled:

Stop loss: Place buy stop on 1016.0, above today’s session high, GTC. (Initial risk: $800)

Target: Place buy limit on 962.0, near the 50% Fibonacci Retracement of the last rally, GTC. ($1,900)

December 2017 Platinum chart from BarChart

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Risk Disclosure

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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