One Trade a Week

[Canto1922]

Market
RMM
Long
42
SL
37

Risky one but positive recent news highlighting potential & increasing volumes persuaded me to make RMM my entry this week.

 

[isatrader]

I'm a bit pushed for time this afternoon. Attached is the spreadsheet with the initial ATR targets for your picks.

 

[isatrader]

Week 16 Pick - Palladium

My pick is going to be a repeat of last weeks one. Which is shorting Palladium again. I took profits on the close Friday in my personal account as I thought there was a risk of a bounce on Monday as a lot of things closed at key support levels on Friday so I'm going to be watching the dollar pairs and Gold and Silver for my cue of when to get into it this week.

Order Type: Warehoused

Ticker: Palladium June Contract
Direction: Short

Warehoused Entry: Somewhere below the downtrend line at 750 or on a breakdown below 680

ATR (200 Day): 17.2
ATR (52 Week): 45.8

 

[tradeAweek]

Long QQQ @ 58.40
Stop @ 58
Target 60.8

Reward/risk - 6:1

Reason for trade:
Nasdaq composite seems to be in a tight triangle formation with a potential for a break higher.

 

[isatrader]

Long QQQ @ 58.40
Stop @ 58
Target 60.8

Reward/risk - 6:1

Reason for trade:
Nasdaq composite seems to be in a tight triangle formation with a potential for a break higher.

Thanks tradeAweek, here's the initial ATR targets:

ATR Targets

Daily ATR(200) = 0.72 (1.23%)
Weekly ATR(52) = 1.83 (3.13%)

-1x ATR: 57.68
1x ATR: 59.12
1.5x ATR: 59.48
2x ATR: 59.84

Good luck

 

[TradeTheEasyWay]

Hi Guys,

The US$ index has closed up through a key level and commodities have repsonded inc softs / energy / metals.

Nasdaq has closed below the last 14 days trading. I've closed several long stock positions and waiting to get short gold, coffee, beans and oil on signals this week. I will scan for US stock shorts tomorrow. FTSE has signalled short term sell signal also.

But for this weeks trade the GBPJPY is the highest probability trade I can find with my spec.

GBPJPY daily (short)
broken 50% fibs
broken trendline
3rd leg down

entry: 130.90
stop: 132.80
target: 125.20

Good luck everyone.

Mike :clover:

 

[isatrader]

Thanks Mike, here's the initial ATR targets for GBPJPY:

ATR Targets

Daily ATR(200) = 1.2558 (0.96%)
Weekly ATR(52) = 3.8946 (2.98%)

-1x ATR: 132.16
1x ATR: 129.64
1.5x ATR: 129.02
2x ATR: 128.39

Good luck

 

[isatrader]

Just a quick note for everyone that I've decided to change the start time of the competition each week to include the early trading on Sunday night. Different markets open at different times but people can start entering trades from 9.30pm (BST) on Sunday night. This may have some teething problems as it can be hard to get prices on certain things in the early trade, but I'm sure it will be fine.

 

[isatrader]

It's time for the normal reminder to get your picks in by Midnight (BST) tonight. As I said in the earlier post you can now open positions from as early as 9.30pm (BST) tonight but I'll still accept picks for the competition until the normal time.

 

[isatrader]

CityTrader90 your market order for EURCHF was filled at the open price of 1.25861

Here's the full trade details:

Trade Details:
EURCHF (FX:EURCHF)
Direction: Short
Entry: 1.25861
Stop: 1.2701
Target: 1.24444

Percentage Risk: 0.91% (-1.08% ATR Adjusted)
Target Gain: 1.14% (1.36% ATR Adjusted)

Risk Ratio: 1.25

Daily ATR(200): 0.0105 (0.83%)
Weekly ATR(52): 0.0319 (2.53%)

ATR Targets
-1x ATR: 1.2691
1x ATR: 1.2481
1.5x ATR: 1.2429
2x ATR: 1.2376

Good luck

 

[isatrader]

Mike (TradeTheEasyWay) your limit order was filled at 130.90 for GBPJPY

Here's the full trade details:

Trade Details:
GBPJPY (FX:GBPJPY)
Direction: Short
Entry: 130.90
Stop: 132.8
Target: 125.2

Percentage Risk: 1.45% (-1.49% ATR Adjusted)
Target Gain: 4.55% (4.75% ATR Adjusted)

Risk Ratio: 3.14

Daily ATR(200): 1.2558 (0.96%)
Weekly ATR(52): 3.8946 (2.98%)

ATR Targets
-1x ATR: 132.16
1x ATR: 129.64
1.5x ATR: 129.02
2x ATR: 128.39

Good luck

 

[isatrader]

Week 16 Trades

So another week is under way. Attached the list of trades so far but there might still be some late entries, so I'll update it if there is. But it's another good mix of trades with 2 fx, 2 indexes, 1 commodity and 2 stock picks.

Fingers crossed for another strong week like last week. Good luck everyone

 

[isatrader]

SlipperyC your Dax limit order has just been filled at 7350

Here's the full trade details:

Trade Details:
Dax Index (DBI DAX)
Direction: Long
Entry: 7350
Stop: 7245
Target: 7600

Percentage Risk: 1.45% (-1.14% ATR Adjusted)
Target Gain: 3.40% (2.71% ATR Adjusted)

Risk Ratio: 2.35

Daily ATR(200): 92.13 (1.25%)
Weekly ATR(52): 233.74 (3.18%)

ATR Targets
-1x ATR: 7257.87
1x ATR: 7442.13
1.5x ATR: 7488.20
2x ATR: 7534.26

Good luck

 

[isatrader]

Morning Canto, your market order for Rambler (RMM.L) was filled at 40.875

Here's the full trade details:

Trade Details:
Rambler (LSE:RMM)
Direction: Long
Entry: 40.875
Stop: 37
Target: 42

Percentage Risk: 10.47% (-3.18% ATR Adjusted)
Target Gain: 2.75% (0.92% ATR Adjusted)

Risk Ratio: 0.26

Daily ATR(200): 1.22 (2.98%)
Weekly ATR(52): 6.13 (15.00%)

ATR Targets
-1x ATR: 39.66
1x ATR: 42.10
1.5x ATR: 42.71
2x ATR: 43.32

Let me know if you want any changes to your stop or target now you have an entry price?

Good luck

 

[isatrader]

Morning Pat. Your market order for Shanks Group (SKS.L) was filled at 118

Here's the full trade details:

Trade Details:
Shanks Group (LSE:SKS)
Direction: Short
Entry: 118
Stop: 125
Target: 113

Percentage Risk: 5.93% (-2.15% ATR Adjusted)
Target Gain: 4.42% (1.70% ATR Adjusted)

Risk Ratio: 0.75

Daily ATR(200): 3.08 (2.61%)
Weekly ATR(52): 6.05 (5.13%)

ATR Targets
-1x ATR: 121.08
1x ATR: 114.92
1.5x ATR: 113.38
2x ATR: 111.84

Good luck

 

[isatrader]

enter

 

[isatrader]

enter

My entry time on the thread was 11.07am so the closing price for Palladium was 705.72

Trade Details:
Palladium (June Contract)
Direction: Short
Entry: 705.72
Stop: 745.1
Target: 550

Percentage Risk: 5.58% (-2.17% ATR Adjusted)
Target Gain: 28.31% (11.62% ATR Adjusted)

Risk Ratio: 5.07

Daily ATR(200): 17.2 (2.44%)
Weekly ATR(52): 45.8 (6.49%)

ATR Targets
-1x ATR: 722.92
1x ATR: 688.52
1.5x ATR: 679.92
2x ATR: 671.32

Attached is the charts

 

[isatrader]

Hi tradeAweek. Your QQQ market order was filled at the open at 58.16

Here's the full trade details:

Trade Details:
Powershares Qqq Trust (NASDAQ:QQQ)
Direction: Long
Entry: 58.16
Stop: 58
Target: 60.8

Percentage Risk: 0.28% (-0.22% ATR Adjusted)
Target Gain: 4.54% (3.67% ATR Adjusted)

Risk Ratio: 16.45

Daily ATR(200): 0.72 (1.24%)
Weekly ATR(52): 1.83 (3.15%)

ATR Targets
-1x ATR: 57.44
1x ATR: 58.88
1.5x ATR: 59.24
2x ATR: 59.60

Let me know if you need any changes

Good luck

 

[SlipperyC]

stop to 7365 please isa.

Not sure of direction so am going to lock in a win - again!

 

[isatrader]

stop to 7365 please isa.

Not sure of direction so am going to lock in a win - again!

Yep no worries, I've updated for you. That's 0.16% ATR adjusted locked in.