One Trade a Week

[isatrader]

NYSE Bullish Percent Index

I thought I'd share the latest NYSE Bullish Percent Index as it's precariously close to reversing to a bear status and breaking the key 70 level. It's only 0.21% above 70 so it looks wise to start thinking about defensive strategies if you have a long term portfolio.

 

[EYEHACKER]

Hi guyz !! Em new in forex about 2 dayz !!! Vot can i do first plzzzzzzzz
tell me

 

[JahDave]

Good charting Isa.......I agree with you.........I only trade forex, but I do keep up with major indexes and my indicators are also showing a major reversal .........

 

[Canto1922]

Alarming stuff! See what happens when the US payroll figures are out later today. I'll send my entry in before Sunday midnight.

 

[isatrader]

Alarming stuff! See what happens when the US payroll figures are out later today. I'll send my entry in before Sunday midnight.

Thanks Canto, good to see you back.

 

[isatrader]

I'm moving my stop loss for BT Group to below this mornings low at 192.5 as it's below the breakout level and it's relative strength vs the FTSE is poor today so i want to rein in my risk a bit before the US NFP number.

 

[Pat494]

Hi guyz !! Em new in forex about 2 dayz !!! Vot can i do first plzzzzzzzz
tell me

read post 1 to get up to speed

 

[isatrader]

exit BT Group

 

[isatrader]

My exit time on the thread was 4.06pm, so the exit price was 194.4

Here's the closing trade

Closing Trade

BT Group (LSE:BT.A)
Direction: Long
Entry: 197.1
Exit: 194.4

Percentage Loss: -1.37%

ATR Adjusted Percentage Loss: -0.71%

Trade Grade: E

I had a pop and drop on this one as the breakout didn't hold which wasn't surprising considering the broad market sell off this week. So a 0.71% loss is not too bad, but it would be nice to get a win back on the board

 

[tradeAweek]

Short AUD/USD:

Enter at: 1.0820
Stop: 1.0920
Target: 1.0320

Reward/Risk - 5:1

Reason for trade:
Dollar seems to have made a nice move up from the bottom. After a retracement early next week should continue its correction or reversal.

 

[isatrader]

Week 14 Results

Well done to Pat who just edged the win this week with his short in Qinitiq :clap:

Here's this weeks results:

Name_________ATR Adjusted Percentage
Pat494____________0.89%
SlipperyC__________0.88%
CityTrader90_______0.84%
TradeTheEasyWay___-0.67%
isatrader__________-0.71%
wigtrade__________-0.81%
dmt257__________scratched

 

[isatrader]

Short AUD/USD:

Enter at: 1.0820
Stop: 1.0920
Target: 1.0320

Reward/Risk - 5:1

Reason for trade:
Dollar seems to have made a nice move up from the bottom. After a retracement early next week should continue its correction or reversal.

Thanks tradeAweek. I'll do the initial ATR targets for you tomorrow.

It's good to see a marked up chart.

 

[isatrader]

Q2 League Table

Pat moves back into positive territory after this weeks win and takes the lead in performance points. dmt257 still leads overall so far this quarter.

Q2 League Table

Name_________ATR Adjusted Percentage
dmt257___________3.00%
Pat494___________1.83%
CityTrader90_______0.84%
SlipperyC__________0.53%
A_fr______________-0.04%
Canto1922_________-1.05%
isatrader__________-1.46%
wigtrade__________-2.37%
TradeTheEasyWay___-2.87%

Name_________Performance Points
Pat494_____________3
dmt257____________2

Get your picks in as normal over the weekend

Have a good one.

 

[isatrader]

Short AUD/USD:

Enter at: 1.0820
Stop: 1.0920
Target: 1.0320

Reward/Risk - 5:1

Reason for trade:
Dollar seems to have made a nice move up from the bottom. After a retracement early next week should continue its correction or reversal.

Thanks tradeAweek. Here's your ATR targets for AUDUSD:

ATR Targets

Daily ATR(200) = 0.0096 (0.89%)
Weekly ATR(52) = 0.0296 (2.74%)

-1x ATR: 1.0916
1x ATR: 1.0724
1.5x ATR: 1.0676
2x ATR: 1.0628

Good luck

 

[SlipperyC]

grrrr. Beaten by 0.01% !!

Still, my averages are getting better.

Just need to exercise M.O.R.E. P.A.T.I.E.N.C.E.!

 

[isatrader]

grrrr. Beaten by 0.01% !!

Still, my averages are getting better.

Just need to exercise M.O.R.E. P.A.T.I.E.N.C.E.!

Don't worry about that. It's more important IMO that you have started to control your draw down better when you have a loss, as you had two big losses last quarter, both over -2% which have pulled down your overall percentage to -3.85% over the 14 weeks since the start. You've had 7 wins and 7 loses, so that shows that your combined losses have been larger than the combined wins as your win loss is at 50%.

 

[TradeTheEasyWay]

My trade for the week.

Silver - this is severly over sold.
I will buy a break of Friday's open.
Enrtry: 35.28
Stop: 32.9
target: 38.9

Good luck

Mike :clover:

 

[SlipperyC]

My trade for this week;

DAX LIMIT BUY

entry: 7400
stop: 7320

target: 7600

I think I see an uptrend line with another attempt at 7600.

 

[isatrader]

My trade for the week.

Silver - this is severely over sold.
I will buy a break of Friday's open.
Entry: 35.28
Stop: 32.9
target: 38.9

Good luck

Mike :clover:

Thank you Mike. Here's your targets:

ATR Targets

Daily ATR(200) = 1.0206 (2.89%)
Weekly ATR(52) = 2.1881 (6.20%)

-1x ATR: 34.26
1x ATR: 36.30
1.5x ATR: 36.81
2x ATR: 37.32

Good luck

 

[isatrader]

My trade for this week;

DAX LIMIT BUY

entry: 7400
stop: 7320

target: 7600

I think I see an uptrend line with another attempt at 7600.

Thanks Slip, here's the targets:

ATR Targets

Daily ATR(200) = 91.89 (1.24%)
Weekly ATR(52) = 240.51 (3.25%)

-1x ATR: 7308.11
1x ATR: 7491.89
1.5x ATR: 7537.84
2x ATR: 7583.78

Good luck