Charity Trading Account - Trades for 26/07/07

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EK1

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Please make suggestions for our Charity Trading Account (details here) for trades on 26/07/07.

Please abide by the following restrictions:

All trades must have an entry point
All trades must have an exit (target) point
All trades must be good for that day only (no rollovers to start with)
All trades must have a stop

No trades will be made in non-UK Equities or in Heating Oil or Natural Gas contracts.

The maximum stake will be £1 a point in indices, energy and metal commodities and Currency Markets. The maximum stake in all other contracts shall be £2.

Please suggest your stake along with your suggested instrument.

Please do not use this thread for anything other than trade suggestions. Irrelevant posts will be deleted without explanation.

Our thanks to Capital Spreads setting up the account.

Good trading,

EK1
 
We can trade longer timeframes if needs be - that is not a problem with the rollover. If someone wants to setup a £1 swing trade, then we can use the other £1 to daytrade.
 
GBP/USD:
SELL if it rallies to 2.0530.
Stop-Loss= 2.0560.
Profit-Target = 2.0480.
Risk=30, Reward=50.

Not brilliant R:R, but I cant manage it too much once triggered.
(reasoning: last trough base at 2.0555, hence resistance, and 2.0480 =support from last week)
 
I can see a longer swing coming up on the ftse. May take a couple of days yet to form properly.
 
I would actually jump in short right now with a stop @ 6460

Thing is I can 't remote manage it for the charity
 
rossored said:
We can trade longer timeframes if needs be - that is not a problem with the rollover. If someone wants to setup a £1 swing trade, then we can use the other £1 to daytrade.
Click to expand...

that is an excellent piece of news. 1 quid for day traders and 1 quid for swingers. hopefully this will bring in other members to post potential trades.

i would like to post one today, but still dont have a setup to my liking.......

have a preference for eurusd short from around 3740, 30 pip stop and 80 pip target....but only a preference.....

j

edit...this is the reasoning behind it
 

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OK order in for:
GBP/USD: sell £1 at 2.0530
Stop-Loss= 2.0560.
Profit-Target = 2.0480.
(thanks Trendie)

Also we are short £1 FTSE at 6427
Stop-Loss= 6460
Profit-Target = 6355
(thanks options)

More the merrier :p

EK1
 
I made an execution error earlier.

Short FTSE at 31, out at 26 for £5.00 :D Profit by errors!

BTW can alter the stops, profit targets above if need be.

EK1
 
Well the target just helps as we can't micro manage the trade and it sets a reasonable target for a profit.
But trade can be closed earlier if we think the move has stalled or exhausted.

jacinto
guess i was too late.
Click to expand...

Maybe tomorrow jacinto or late this evening perhaps :p

EK1
 
EK1 said:
Well the target just helps as we can't micro manage the trade and it sets a reasonable target for a profit.
But trade can be closed earlier if we think the move has stalled or exhausted.

jacinto

Maybe tomorrow jacinto or late this evening perhaps :p

EK1
Click to expand...

no worries.....may end up trading it myself.....with a larger target (140 pips) :cheesy:

edit: although, im thinking i wont get the entry, and will have to settle with a lower target.....only 90
 
FTSE trade update:
Stopped out at 6460 for -£33 at 10.28

Order still waiting for GBP/USD sell short at 2.0530

EK1
 
EK1 said:
FTSE trade update:
Stopped out at 6460 for -£33 at 10.28

Order still waiting for GBP/USD sell short at 2.0530

EK1
Click to expand...

Stopped out at 6460 for -£33 at 10.28

I don't believe it. By 5 points again!!! And now look at the damn thing!
Right bang down to target.

Okayyyyyyyyyy! Next time I put a trade forward and it is accepted, please add 10 points to the stop. Regardless. I shall try to compensate for this at my end. I thought I had, but hindsight says no, not yet.

Still there is one benefit of this...

Once I get it right. I can stick my own orders in and spend more time at the beach!...
 
I know options, that was painful - would have been a good winner :eek:

GBP/USD trade cancelled.

EK1
 
Is there any way of hitting the trade more or less at the same time as I do. So It is more 'live' than it is?
 
Hi options,

The purpose of the account was that a trade was set up and then required little management as there is not always someone to monitor positions.

However if there were times in the morning say between 8.30am ish and midday when a possible trade was alerted you could always MSN me or send an e-mail perhaps?
Just a thought?

EK1
 
Okay, let's cheat a bit for the benefit of the charities. I'm sure the sb co won't mind.
See, when I spot trades like the last two days. I wouldn't necessarily enter at the figures I have entered. I would wait to see how the trade was playing out...may even go with it up to stop target against the flow of the trend before reversing the trade. Not something you could do by remote trading of course.

So... If I spot a trade appearing on the horizon. I'll IM you through msn in the morning session. I'll continue to post as normally required if I am not going to be near the screen and join the lottery to be included in trade selection. But it would be great if you could keep a pound in yer back pocket for me.

Could you pm me over your msn live details? I'm hoping I won't have too many problems with the msn. I had to take it off before. Ran with comp problems and got no end of bugs and viruses. So might have to find summat else.
 
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