Charity Trading Account - Trades for 24/07/07

[rossored]

Please make suggestions for our Charity Trading Account (details here) for trades on 24/07/07.

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 setting up the account.

 

[EK1]

I think that perhaps we should choose trades and set them up with limit orders as otherwise we could end up with no trades day after day. Anyone have any other ideas so that it's as simple as possible to implement?

 

[EK1]

Only use daily charts for workings. That will cut down on voided trades such as this mornings 2.

Come on Trendie and other short frame traders it will be a good exercise for you.
Never know you might get to like it.

The big money comes from sitting on your hands!

Above from the other thread "Charity Trading Account - Trades for 23/07/07", thanks options

Any ideas for tomorrow's trade? Remember that it will be placed at around 9.00am and run for the course of the day only.

Cheers,

EK1

 

[trendie]

Above from the other thread "Charity Trading Account - Trades for 23/07/07", thanks options

Any ideas for tomorrow's trade? Remember that it will be placed at around 9.00am and run for the course of the day only.

Cheers,

EK1

need to know how today finishes before deciding. but will certainly give it another shot.
possibly end-today, or 7am-ish tomorrow.

EDIT: wheres DC2000 when you need perfect entries and profit-targets!!

 

[options]

need to know how today finishes before deciding. but will certainly give it another shot.
possibly end-today, or 7am-ish tomorrow.

EDIT: wheres DC2000 when you need perfect entries and profit-targets!!

"need to know how today finishes before deciding."

exactly.

"EDIT: wheres DC2000 when you need perfect entries and profit-targets!!"

Where are a lot of the other traders? I thought this would offer up more traders, seeing as it is for such a good cause as well.

What about, once the fx comp is running better and the prizes are worth trading for; one of the 'conditions' of winning is that the winner gives at least fives trades for the next month? Or even does the trading for the charity for a week or so?

 

[options]

Is this for tomorrow morning GJ?

 

[millsy500]

Buy Aud/nzd - 1.0915
stop- 1.0890
target- 1.0980

 

[jacinto]

long eurjpy 166.50
stop 166.10

target (since it is end of day) 168.00 :cheesy:

edit: please change target to 167.30

 

[trendie]

best entries were overnight (again)

but, just to play:

BUY GBP/USD, £1 if pullback to 2.0620.
Stop-Loss=2.0590. Profit Target=2.0680.
Risk=30, reward=60.
valid for today only.

 

[millsy500]

Buy Aud/nzd - 1.0915
stop- 1.0890
target- 1.0980

Took profits on this one exited at 1.0962. Quite a bit of res to get through.
Bounced right off the entry.

As Trendie rightly says pity it was overnight

 

[trendie]

has the RNG been switched on yet? whose trade is in the frame?

 

[EK1]

Charity trade number 1.

OK all, we have a trade (possibly)
(thanks again trendie)

Order in to buy GBP/USD, £1 at 2.0620.
Stop-Loss=2.0590.
Profit Target=2.0680.

Let's see if it gets taken.

EK1

 

[jacinto]

Charity trade number 1.

OK all, we have a trade (possibly)
(thanks again trendie)

Order in to buy GBP/USD, £1 at 2.0620.
Stop-Loss=2.0590.
Profit Target=2.0680.

Let's see if it gets taken.

EK1

good luck for the charity, hope it gets triggered and off to target

trendie: how responsible do you feel about trading charity money :cheesy:

 

[EK1]

Yes thanks again trendie, better luck next time Jacinto. (thanks for contributing a trade)
The RGN has been working on full pelt :cheesy:

Let's hope we get off to a flyer and get a few pounds for the charity.

EK1

 

[millsy500]

good luck for the charity, hope it gets triggered and off to target

trendie: how responsible do you feel about trading charity money :cheesy:

seconded.

Good for you Trendie taking the plunge. It would be nice see some of the experts around here throw a few in. Come on people.

 

[rossored]

yep, thanks folks - keep 'em coming.

Aware that we might be missing a few trades due to the nature of the guidelines we've laid down. We'll try and hammer out something a bit more flexible that hopefully will get a few more of you contributing

 

[jacinto]

Yes thanks again trendie, better luck next time Jacinto. (thanks for contributing a trade)
The RGN has been working on full pelt :cheesy:

Let's hope we get off to a flyer and get a few pounds for the charity.

EK1

no worries.....you just missed 140 pips on the way down on monday AM till today AM, and are missing out on 20 pips up so far :cheesy:

edit: and sods law will be that when its my turn its loss

 

[trendie]

good luck for the charity, hope it gets triggered and off to target

trendie: how responsible do you feel about trading charity money :cheesy:

VERY responsible. thanks for reminding me.

 

[EK1]

Yes trade triggered at 11.00am, £1 long at 2.0620.

Everything crossed, I agree GJ

Let's wait and see.

EK1

 

[jacinto]

trendie, you have a very good eye for stops. well done

j


Edit, in my chart it came 2 pips away...phew