One Trade a Week

[isatrader]

Thanks Mike, I need to do last weeks results and then I'll do your initial ATR targets.

 

[isatrader]

Week 6 Results

Well done to TradeTheEasyWay whose EURJPY short took the win this week with an excellent 1.5% ATR Adjusted gain. This just piped Black Swan at the post late in the week.

It was a positive week for the group as a whole with 5 wins and only 3 loses, giving us an excellent 3.05% ATR Adjusted profit this week. This takes our cumulative return back up to +3.28% ATR Adjusted.

Relative Performance

The S&P 500 and FTSE 100 both were negative again this week. So we are now outperforming the indexes on a cumulative basis since we started as well. Below is the breakdown and the league tables:

One trade a week group
Week: +3.05% (ATR Adjusted)
Cumulative: +3.28% (ATR Adjusted)

S&P 500
Week: -1.39%
Cumulative: +2.24%

FTSE 100
Week: -2.70%
Cumulative: -0.83%

League Table

Name_________ATR Adjusted Percentage
TradeTheEasyWay____3.51%
chilltrader__________2.29%
Black Swan_________1.26%
isatrader___________0.43%
SlipperyC___________-0.06%
Pat494_____________-0.16%
tar________________-0.99%
wigtrade___________-3.02%

Name_________Points
TradeTheEasyWay____5
chilltrader__________4
Pat494____________3
isatrader___________3
Black Swan_________2
SlipperyC__________1
tar_______________-2
wigtrade__________-2

So TradeTheEasyWay leads on both a percentage and points basis now with 4 profitable trades, 1 scratched trade and 1 loss. Giving him a 3.51% ATR Adjusted profit and 5 points.

Keep it up everyone and I look forward to seeing your trades for next week

 

[isatrader]

Next trade: GBPUSD Long
ENTRY: Break of bar = 1.6086
Stop: below fibs = 1.5965
Target: 1.6498

Hi Mike, here's your initial ATR Targets for GBPUSD based on the 1.6086 entry point

ATR Targets

Daily ATR(200) = 0.0114 (0.71%)
Weekly ATR(52) = 0.0342 (2.13%)

1x ATR: 1.6200
1.5x ATR: 1.6257
2x ATR: 1.6314

Good luck

 

[tar]

warehoused

Long/Nymex crude oil April11

reason: geopolitical .
500 cents limit .
500 cents stop loss .

 

[SlipperyC]

Total gamble this weekend on the DAX for obvious reasons.

It seemed to get support around the 6970 area so ordinarily I'd go long from Monday for a bounce ... BUT ... in the current climate I would have thought risk would be right off.

So, what to do.

With my live accounts I've a small long (6972) from Friday with a guaranteed stop at 6960. Looking for a bounce to 7150-200. Otherwise I'd wait until the market opens on Monday!

So, my trade will be ...

DAX LONG
limit BUY from 6880, stop: 6790, target: 7000.

in case the DAX gaps down on Monday and bounces. Although depending on the overnight situation on Sunday I might enter immediately on Monday morning.

Wishing all the best to those in Japan right now.

 

[isatrader]

warehoused

Long/Nymex crude oil April11

reason: geopolitical .
500 cents limit .
500 cents stop loss .

Thanks tar, here are the ATR limits based on Fridays close of 101.16

ATR Targets

Daily ATR(200) = 1.6946 (1.68%)
Weekly ATR(52) = 4.2394 (4.19%)

1x ATR: 102.85
1.5x ATR: 103.70
2x ATR: 104.55

Good luck

 

[tar]

Thanks

Considering current market conditions i shouldnt played XTA or Eur/Aud , oil gold and indices should be a better choice .

 

[isatrader]

Thanks SlipperyC, here's your ATR targets if you get the 6880 entry point

ATR Targets

Daily ATR(200) = 92.38 (1.34%)
Weekly ATR(52) = 230.37 (3.35%)

1x ATR: 6972.38
1.5x ATR: 7018.57
2x ATR: 7064.76

Good luck

 

[Pat494]

I am going to have a punt on a Oxford start up called Physiomics (PYC). They have invented a way of showing up tumours. Could fly

 

[chilltrader]

Long Limit EUR-USD
Entry @ 13860
Stop @ 13780
Target @ 14020

 

[isatrader]

I am going to have a punt on a Oxford start up called Physiomics (PYC). They have invented a way of showing up tumours. Could fly

Thanks Pat. At the close Friday PYC.L was at 0.415, so here are the targets based on that level. I've included the ATR stop loss level for a -1ATR move so you can decide what to risk on this very volatile stock.

ATR Targets

Daily ATR(200) = 0.055 (13.25%)
Weekly ATR(52) = 0.1249 (30.10%)

-1x ATR: 0.3600
1x ATR: 0.4700
1.5x ATR: 0.4975
2x ATR: 0.5250

Good luck Pat.

 

[isatrader]

Long Limit EUR-USD
Entry @ 13860
Stop @ 13780
Target @ 14020

Thanks chilltrader, here are your ATR targets based on Fridays closing price

ATR Targets

Daily ATR(200) = 0.0121 (0.87%)
Weekly ATR(52) = 0.0372 (2.68%)

1x ATR: 1.3981
1.5x ATR: 1.4042
2x ATR: 1.4102

Good luck

 

[isatrader]

Pat I forgot to ask, do you want a market order for the opening price Monday like you normally do or a warehoused order?

 

[tar]

i want to change my trade can i ?

 

[isatrader]

i want to change my trade can i ?

Yep sure, you can change at anytime up until midnight (GMT) on Sunday

 

[Pat494]

Pat I forgot to ask, do you want a market order for the opening price Monday like you normally do or a warehoused order?

sorry I forgot the order
make that a double ripple at market with cream
thanks

 

[isatrader]

Week 7 Pick - BG.L

Order Type: Warehoused

Ticker: BG.L
Direction: Long

Warehoused Entry: Will enter manually during the week, but 1450 is my initial target entry point

Stop loss: 1394
Target: 1531

Percentage Risk: 4.02%
Potential Reward: 5.59%

Risk Ratio: 1.39

ATR (200 Day): 31.01 (2.14%)
ATR (52 Week): 69.40 (4.79%)

ATR Targets:
-1x ATR: 1418.99
1x ATR: 1481.01
1.5x ATR: 1496.52
2x ATR: 1512.02

Entry Reason
I played the breakout in BG.L in January on 28/1/11 and sold out of my position on 18/2/11 after the weekly candle spiked above the weekly 3ATR level and closed down for the week, signaling a reversal for me. Since that reversal I've been watching BG.L to see whether it would hold the breakout level of 1415. It's tried for 3 weeks to get back down through it and finally touched it last week but was rejected quite strongly on Friday and the last two candlesticks formed a Bullish Engulfing Pattern at the 50 EMA. It's sector, the NMX6530 (FTSE 350 Sector Oil & Gas Producers) also formed a reversal pattern on Friday so I'm looking for a higher close on Monday to confirm the short term reversal in both. The sector made a weekly sell pattern however so this could turn down quickly after a bounce, so I'll need to watch this closely. I think if it struggles at the 1ATR level at 1500 then I'll get out.

Below are the charts

 

[tar]

Thanks tar, here are the ATR limits based on Fridays close of 101.16

ATR Targets

Daily ATR(200) = 1.6946 (1.68%)
Weekly ATR(52) = 4.2394 (4.19%)

1x ATR: 102.85
1.5x ATR: 103.70
2x ATR: 104.55

Good luck

Warehoused

Short Nymex Crude futures May11

ISA i see the 200D ATR is around 2.2 not 1.6 ?

 

[isatrader]

Warehoused

Short Nymex Crude futures May11

ISA i see the 200D ATR is around 2.2 not 1.6 ?

I downloaded the prices from ADVFN and put them in my chart program. The ATR(200) for NYMEX:CL\K11 (Light Sweet Crude Oil Futures) is 1.5579

I've attached the prices csv file so you can compare, but it might be that your software is not using all the prices as I noticed the other week on your XTA pick that the ATR chart didn't start at the left of the chart, so it wasn't using figures from before the chart edge to calculate the figure only what you could see, so it will give you a different figure.

It doesn't matter though, as I set the ATR figure for you from my software prices so that it is consistent for everyone.

Cheers

 

[tar]

ok thats fine with me

Stop and TP is 5$ away from the entry price .

Regards