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How we post our trades and how you would place the order(s) with your futures broker are pretty "standard" and nothing out of the ordinary or difficult to do.
Our Typical Trade post will be: Short (or Buy) XYZ on a Break of "ABC" with a Stop Loss of "DEF". This means that if the price for that particular contract breaks below the Entry point (for a Short) or above the break price listed (for a Long) you will enter into the position.
After the entry has been hit (entered) - confirm that you are actually in the trade with your broker and then you should place a stop order with your broker using the stop price that we posted. This Stop Price (AKA Stop Loss) will hopefully protect you if the trade goes the wrong way (which will happen from time to time - we aren't 100% accurate). If you are long, you will need to place a sell stop order... if you are short, you will need to place a buy stop order at the stop loss that we posted. For the profit targets, we generally use a limit order to exit the trade. We will update the profit targets and stops (if the entry is hit) in our next weekly update. Remember, you trade at your own risk and this is for informational purposes only.
Here is an example of a trade we did in the past: S&P 500 Futures DECEMBER Contract (SPZ9 or ESZ9 for E-Mini contract) - SHORT - Break of 1018. Stop Loss 1039.20 So... how you would trade this is place a Sell stop for the December S&P 500 Futures contract (or e-mini) with your broker at 1017.80 (typically 1 to 2 ticks below the entry point listed for a short... 1 or 2 ticks above the entry posted for a long). If you are using the e-mini version of the contract, just adjust the ticks to the nearest tick for that particular contract (but make sure its after the break point listed - don't alter it so it's "before" the entry point). Once the trade is hit and you are in the position, immediately enter your Buy Stop Order at 1039.20 for the stop loss part of the trade. On a "Long" trade post you would do a Buy Stop for the Entry and a Sell stop for the Stop Loss.
If you have questions please contact us.
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