isa's short term trading journal

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isatrader

Well-known member
Oct 20, 2010
2,926
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Is not the same thing. That's a live trading thread, where you can post whatever whenever. Is not want I want to do at all. On the thread I want to do each person will only be able to make one trade per week. No saying ABC looks good etc, or I traded something or other today. They will have to be specific and they will have to set a stop loss and it will have to be closed by the end of the week. I will make a spreadsheet and monitor the performance of each trade and make an equity curve for each person as the weeks go by.
 

SlipperyC

Active member
May 1, 2003
514
2
28
Sounds like a good idea isatrader - keeping it simple and straightforward - a lot like trading should be!
 

isatrader

Well-known member
Oct 20, 2010
2,926
126
73
US SP 500 Long Entry – Mar 11 Spread Update

Trade Update – The S&P 500 Index is sitting at the 1300 level and battling between supply and demand. Maybe GDP tomorrow will move it either way decisively. I will wait and see. Currently my trade is around 7 points up and stop is at break even still.

Here's the latest chart
 

Attachments

isatrader

Well-known member
Oct 20, 2010
2,926
126
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SMT Buy Stop

I’m looking for SMT to breakout above the current consolidation. It is approaching key resistance, so it may top and not reach my target. I think it depends whether the general market breaks out as well, as to which way it goes.
 

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isatrader

Well-known member
Oct 20, 2010
2,926
126
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BG Group Entry - Jun 11 Spread

BG group spiked up through the previous highs this morning and set off my alert. It's pulled back around 4% from the high and below the previous high again, so I've placed a speculative long position on Jun 11 Spread. But there's a chance today could be the top, so I've got a fairly tight stop loss.

Trade

BG Group Jun 11 Spread
Direction: Long

Entry Price: 1420.35
Spread: 12.31

Stop: 1379
Target: 1600

Account Risk: 0.5%
Potential Account Profit: 2.19%
Risk Ratio: 4.34
 

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SlipperyC

Active member
May 1, 2003
514
2
28
DAX hitting multi-day highs again. NASDAQ down a little. Time for a retrace? Going to short it, small amount as it could just be consolidating at high.

Trade

DAX daily
Direction: Short

Entry Price: 7167
Spread: 2 pts
Amount: £2 per point

Stop: 7190
Target: 7120 initially, perhaps down to 7000.

Account Risk: £46
Potential Account Profit: £94
Risk/Reward: 1:2
 

isatrader

Well-known member
Oct 20, 2010
2,926
126
73
DAX hitting multi-day highs again. NASDAQ down a little. Time for a retrace? Going to short it, small amount as it could just be consolidating at high.

Trade

DAX daily
Direction: Short

Entry Price: 7167
Spread: 2 pts
Amount: £2 per point

Stop: 7190
Target: 7120 initially, perhaps down to 7000.

Account Risk: £46
Potential Account Profit: £94
Risk/Reward: 1:2
Nice one SlipperyC. I like that you used my format for showing the trade. I hope it goes well. (y)
 

isatrader

Well-known member
Oct 20, 2010
2,926
126
73
US GDP figures were good, but a bit lower than the consensus. It will be interesting to see how price reacts during the US session in the S&P 500 as it is still lingering at the 1300 level. Could be a decent move either way today as it is in such a tight range at the moment.
 

SlipperyC

Active member
May 1, 2003
514
2
28
I agree about the move. Dax is bashing against 7170 area - if it gets through it should explode - hence the tight stop. If not, down she goes.