Charity Trading Account - Trades for 31/07/07

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EK1

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Please make suggestions for our Charity Trading Account (details here) for trades on 31/07/07.

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 for setting up the account.

Good trading,

EK1
 
Long GBPUSD from 2.0275 or better = Sup. (latter peak of yesterday)
Stop-Loss = 2.0225 = bottom of support. (bottom of range of yesterday)

Profit Target = 2.0375 (100 pips) or unless I modify as day progresses. :eek:

EDIT: come on, everyone else!!
 
OK guys,

Orders placed for:

Long GBP/USD @ 2.0275
Stop-Loss = 2.0225
Profit Target = 2.0375 (100 pips)

Swing trade
Short USD/CAD @ 1.0645
Stop @ 1.0685

Thanks for the trades

EK1
 
Well hopefully trendie's trade has just closed with a nice 100 pip or so profit...W D
 
Last edited:
counter_violent said:
Hope it did...price was at 75/77 for a full 4 mins....Two scources
Click to expand...

hopefully it did CV, im sure you mean the 15:00 BST (14 GMT) low. i got it at 85. ant thats the lowest low after 9.30 BST when orders were set.

edit: 3 sources......lowest low 83, highest 85
 
when EK1 posted the "orders placed", it was at 9:34am.
I think the optimal entry was missed, and price had moved on by then.
 
tightstops said:
is it only two trades per day?
Click to expand...

my understanding is that we all post our trades in the morning, and a random entry is selected for the day.

repeat again for each new day.
(so, you have to post your trade before 9:30am or so for it to be in the pot)
 
LOL....KIN hard work this is......there just has to be a better way :rolleyes:

Your right it almost certainly was'nt a trade...ah well !

cv
 
i initially thought the trade was good because i looked at the time you made the post trendie. before 9:30 is definately restrictive - i wonder if its possible to set up a link to a IM type chat window for real time entries?
 
Well guys here's the lowdown.

USD/CAD trade filled at 14.23 sell 1 @ 1.0645
Stopped out at 15.38 @ 1.0685 (ouch!) by a whisper it looks on the chart :eek:

Trendie's trade didn't get filled and it turned out to be a great winner, thanks Trendie.

There has got to be a better way to do this as you suggest guys. We set the trades up at about 9.30am and then essentially leave it, which doesn't seem to be working.
Any suggestions on how we can do it better would be welcomed. I can be IM'd at certain times if that would be better?

EK1
 
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