One Trade a Week

[SlipperyC]

Thanks isa.

I still think its going to be a sell the news reaction as I noticed that the dollar is up, Gold is down etc.

We'll see!

 

[wigtrade]

EURGBP SELL
Warehoused order

ENTER

Stop 8940
TP 8750

 

[isatrader]

EURGBP SELL
Warehoused order

ENTER

Stop 8940
TP 8750

Hi wig, your entry time on the thread was 11.40am so the closing price I have for EURGBP was 0.88897

Here's the full trade details:

Trade Details:
EURGBP (FX:EURGBP)
Direction: Short
Entry: 0.88897
Stop: 0.8940
Target: 0.8750

Percentage Risk: 0.57% (-0.81% ATR Adjusted)
Target Gain: 1.60% (2.29% ATR Adjusted)

Risk Ratio: 2.82

Daily ATR(200): 0.0062 (0.70%)
Weekly ATR(52): 0.0186 (2.09%)

ATR Targets
-1x ATR: 0.8952
1x ATR: 0.8828
1.5x ATR: 0.8797
2x ATR: 0.8766

Good luck

 

[SlipperyC]

Hi isa,

stop to 7545 please.

I'm not going to let this one turn into a loser either!

 

[isatrader]

Hi isa,

stop to 7545 please.

I'm not going to let this one turn into a loser either!

Ok, I've updated for you.

 

[isatrader]

Mike your limit order for Hercules Offshore (NASDAQ:HERO) was filled at 6.1

Here's the full trade details:

Trade Details:
Hercules Offshore (NASDAQ:HERO)
Direction: Long
Entry: 6.1
Stop: 5.4
Target: 9.8

Percentage Risk: 12.96% (-3.33% ATR Adjusted)
Target Gain: 60.66% (17.62% ATR Adjusted)

Risk Ratio: 4.68

Daily ATR(200): 0.21 (3.44%)
Weekly ATR(52): 0.54 (8.85%)

ATR Targets
-1x ATR: 5.89
1x ATR: 6.31
1.5x ATR: 6.42
2x ATR: 6.52

Good luck

 

[isatrader]

Week 14 Trades Spreadsheet

Attached is the trades spreadsheet for this week.

SlipperyC takes the early lead with his short in the DAX.

 

[SlipperyC]

Stop to 7430 please isa.

Might as pick up a few points until I can see where the DAX is going.

 

[isatrader]

Stop to 7430 please isa.

Might as pick up a few points until I can see where the DAX is going.

Do you mean 7530?

 

[isatrader]

Man Group - Short
Entry - Market
Stop - 252.10
Target - 244

GL everyone.

CT90

CityTrader90 your market order was filled at the open price for Man Group of 260. This is above your stop loss so let me know where you want it to be now?

Here's the full trade details:

Trade Details:
Man Group (LSE:EMG)
Direction: Short
Entry: 260
Stop: TBC
Target: 244

Daily ATR(200): 7.92 (3.05%)
Weekly ATR(52): 19.3 (7.42%)

ATR Targets
-1x ATR: 267.92
1x ATR: 252.08
1.5x ATR: 248.12
2x ATR: 244.16

Good luck

 

[isatrader]

Qinitiq
market
short
TP 118
SL 130

Hi Pat, your market order for Qinitiq was filled at the open price of 120.8

Here's the trade details:

Trade Details:
Qinitiq (LSE:QQ.)
Direction: Short
Entry: 120.8
Stop: 130
Target: 118

Percentage Risk: 7.62% (-2.65% ATR Adjusted)
Target Gain: 2.37% (0.89% ATR Adjusted)

Risk Ratio: 0.31

Daily ATR(200): 3.23 (2.67%)
Weekly ATR(52): 7.75 (6.42%)

ATR Targets
-1x ATR: 124.03
1x ATR: 117.57
1.5x ATR: 115.96
2x ATR: 114.34

Good luck and let me know if you want to make any changes to your target as is quite tight to your open price.

 

[isatrader]

wigtrade you are out of EURGBP as your stop of 0.8940 was hit at 9.28am due to the U.K.'s April Manufacturing PMI report.

Closing Trade

EURGBP (FX:EURGBP)
Direction: Short
Entry: 0.88897
Exit: 0.8940

Points loss: 50.3

ATR Adjusted Percentage loss: -0.81%

Trade Grade: E

 

[SlipperyC]

ooops, yes ... 7430.

Anyway, I'm going to EXIT the trade here. Had a lucky escape and I'm satisfied with the points I've got.

 

[isatrader]

ooops, yes ... 7430.

Anyway, I'm going to EXIT the trade here. Had a lucky escape and I'm satisfied with the points I've got.

No worries Slip. Here's the closing trade details:

Closing Trade

DAX Index (DBI DAX)
Direction: Short
Entry: 7550
Exit: 7470.62

Points Gain: 79.38

ATR Adjusted Percentage Gain: 0.88%

Trade Grade: C

A solid trade this week for you again even with the unfortunate entry because of Osama and it put's you back above break even for the quarter. Well done

 

[CityTrader90]

Stop 265.70

I'll post a new target also soon.

CT

Thanks

 

[CityTrader90]

Target. 251.40

Gl everyone

CT

 

[isatrader]

Stop 265.70
Target. 251.40

I've updated for you. Good luck

 

[isatrader]

I'm currently reading Stan Weinsteins book. Which is excellent by the way and is a trading style I like as it is big on relative strength concepts which if you've read my previous picks you will see I'm keen on. Anyway, my pick this week was based around my relative strength analysis but I've noticed from my current reading that BT was missing the volume on the breakout last week and has fallen back into it's range today following the FTSE lower. It was an oversight as I'd normally look at the volume. So I'm going to change my warehoused order to a buy-stop order at 197.1, as I don't want to be in it unless it breaks out on some good volume, and if it doesn't have the volume but does breakout then I'll be looking for a fairly quick exit.

 

[isatrader]

Open Positions Thumbnails

Attached is the midday screenshot of the positions and general markets

 

[SlipperyC]

isa

I looked at your choice of BT.

From my reading of the daily chart (I generally ignore volume now), it appears that BT has broken out, then dropped down to check that previous resistance is now support.

Next stop £2.10+

in my humble opinion. ;-)