Charity Trading Account - Trades for 3/08/07

EK1

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Please make suggestions for our Charity Trading Account (details here) for trades on 3/08/07.

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:
BUY if it dips to 2.0330. (top of yesterdays supported range)
Stop-Loss=2.0280 (just beyond of yesterdays supported range)
Profit Target=2.0450. (bottom of last weeks support range = now resistance)
Risk/Reward=50/120. (or trailed if my trade selected. I will advise.)

NFP may of course blow this out of the water.
 

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ftse cash oco. Buy @ 6337 target at 6352

Sell @ 6261 Target at 6247

tight targets because of news later. Doesn't normally impact that much on ftse, but because of the trading conditions and being a friday need to keep it tight.
 
Thanks trendie/options.
Added both trades to the orderbook since it's Friday :cheesy:

GBPUSD:BUY if it dips to 2.0330.
Stop-Loss=2.0280
Profit Target=2.0450

ftse cash oco.
Buy @ 6337 target at 6352
Sell @ 6261 Target at 6247

EK1
 
i was at the computer for 9:00 and its taken me this long to find something but if its not too late lloks like spot euros worth a punt at:
buy 1.3670
stop 650
tp 740
 
Trendie: Very unlucky m8. I had you at being 7 pips shy of entry before it blasted off.
Something I found out through talking to EK1 is that the cap prices are different to what you are seeing. On your entries shorten by 10 to 15 (Would have got you in nicely today)
And your stops need to be the same. Add 15 to them. You did nothing wrong other than that. Not your fault, so don't dwell on it. Doing this the way we are doing it has been hard this week. But it is starting to work out.

Tightstops: Excellent call m8. Don't know if it went on or not. Hope it did. But think it may have been a bit late being posted. I thought the cut off was 9.30. Don't want to chain EK1 to his computer all day. He has a living to make as well as the rest of us. Maybe though the times could be a bit more flexible?


EK1: Is it just 2 per day from the pot?
 
options: I got a BUY for myself at 2.0350, as I was watching real-time.
problem is, I actually widen my options rather than tighten them for a daily call, because I cant manage the trade intra-day, so I give it wider berth.
maybe next time, I will have EK1 on IM, but as you say, he has other things to get on with.

on a postive note, I am gaining confidence on sup/res!!
 
1 trade, 1 winner today (thanks again Options)

14:53 Sell 1 FTSE @ 6261
15:01 covered @ 6247
Gain = £14

2 is probably the max at the moment. Just that I have limited time to monitor the orders.

tightstops - thanks for your trade, missed it. :( Maybe Monday for another?

Trendie IM is available too.

Good end to the week, and the start of a good run we hope :)

EK1
 
Trendie: Very unlucky m8. I had you at being 7 pips shy of entry before it blasted off.
Something I found out through talking to EK1 is that the cap prices are different to what you are seeing. On your entries shorten by 10 to 15 (Would have got you in nicely today)
And your stops need to be the same. Add 15 to them. You did nothing wrong other than that. Not your fault, so don't dwell on it. Doing this the way we are doing it has been hard this week. But it is starting to work out.

Tightstops: Excellent call m8. Don't know if it went on or not. Hope it did. But think it may have been a bit late being posted. I thought the cut off was 9.30. Don't want to chain EK1 to his computer all day. He has a living to make as well as the rest of us. Maybe though the times could be a bit more flexible?

if it had have been filled would have been pure luck since the charts my analysis was based on only reached 82 and id allowed for a 3 pip spread (dont know what they charge)
is there a reason for them not having the same price as everyone else?
 
1 trade, 1 winner today (thanks again Options)

14:53 Sell 1 FTSE @ 6261
15:01 covered @ 6247
Gain = £14

2 is probably the max at the moment. Just that I have limited time to monitor the orders.

tightstops - thanks for your trade, missed it. :( Maybe Monday for another?

Trendie IM is available too.

Good end to the week, and the start of a good run we hope :)

EK1

ill make sure i get one in before 9:30 for the raffle on monday
 
Tightstops: Just the usual difference between sb's pricing. It is probably more in line with IG than cmc.

I've noticed a 10 point difference between these 2 on the dow before now. Though not there long enough to take advantage of on a regular basis. Still a good call none the less.
 
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