The 3Dimensional Trading Breakthrough
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<strong>The</strong> 3 Dimensional <strong>Trading</strong> <strong>Breakthrough</strong><br />
Example #3 - Limit order (offsetting a futures position): I wish to<br />
liquidate my cattle position to take profit 2.00 points lower than the<br />
price I was filled (Sold short at 67.82):<br />
“This is a day order for account #12345, buy back 1 June Live Cattle at 65.82, or<br />
better.”<br />
Example #4 - Limit order (offsetting a futures position): I wish to<br />
liquidate my wheat position in order realize a profit just below the<br />
last resistance level of 295^0 (Price is now at 287^2):<br />
“This is a day order for account #12345, sell back 3 Dec Wheat at 294½ cent, or<br />
better.”<br />
Example #5 - Limit order (initiating an option position): I want to<br />
buy long two May 30-year bond call options at a strike price of 114<br />
when the premiums come down to a price of 1^15 (Premiums now<br />
at 1^28):<br />
“This is a day order for account #12345, buy long two May Bond 114 Calls at<br />
1^15, or better.”<br />
Example #6 - Limit order (offsetting an option position): I would<br />
like to sell the two May Bond 114 Call options when the premium I<br />
bought them for doubles:<br />
“This is a day order for account #12345, sell back two May Bond 114 Calls at 2^30,<br />
or better.”<br />
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