Charity Trading Account - Trades for 1/08/07

Please make suggestions for our Charity Trading Account (details here) for trades on 1/08/07.

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

GBPUSD:

SELL if it rises to 2.0280. (just below yesterdays latter downspike, and this mornings sideways action=resistance)
Stop-Loss=2.0330 (approximate peaks of earlier morning peaks before the big move up)

Profit Target=2.0200. (recent support)

If my trade is selected, I will monitor and amend as necessary during the day.
Risk/Reward=50/80.

Hi trendie,

Since you have a good track record I'll place an order for this shortly.
Hopefully we'll get triggered this time and get a winner

I'm on IM at [email protected] if you want to get me to alter the trade in haste, but once (and if) triggered I try to watch it at midday and at about 5pm (apart from yesterday as I was out all evening )

Thanks again

EK1

Trade triggered at 13.22, short at 2.0280

EK1

crap!

trendie said:

crap!

Click to expand...

Yep exact same problem I had yesterday...albeit in slow motion....this trading format is almost unworkable and may be the reason more are not joining in.

Stopped out at 13.42 @ 2.0330

As frustrated as you guys, so as I said earlier, any constructive workable solutions would be really welcomed.

EK1

maybe someone could open a hotmail account and then invite 10 or however many of us are willing to his IM. we could then just type in a trade as we make it and if say all of the moderaters have access to the capital spreads account theres a good chance at least one will be at the computer to place it since everyone could just have the IM on in the background

Thanks tightstops but I don't want to complicate things further tbh.
I'm already on IM at [email protected] from about 8.30am to 1.00pm most days if you want to get me about possible trades.

EK1