One Trade a Week

[tradeAweek]

Seems like broke above the triangle consolidation. Still vulnerable to the downside until 35.75 is cleared. I'll move my stop to Break even.

 

[SlipperyC]

Stop to 7160 please isa.

 

[tradeAweek]

Stop to 35.10 please to lock in a tiny profit.

 

[SlipperyC]

Premature! :-(

Too anxious to lock in a profit!

 

[isatrader]

Stop to 7160 please isa.

Looks like this has been stopped out at 7160 at 10.03am

Here's the closing trade details:

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7150
Exit: 7160

Points Gain: 10

ATR Adjusted Percentage Gain: 0.11%

Trade Grade: C-

Only a small gain, but at least it's another win and puts your tally for Q2 to 1.68% ATR adjusted.

 

[isatrader]

Stop to 35.10 please to lock in a tiny profit.

I've updated for you

 

[isatrader]

Canto your limit order for FRES.L was filled at 8.09am this morning

Here's the full trade details:

Trade Details:
Fresnillo (LSE:FRES)
Direction: Long
Entry: 1325
Stop: 1240
Target: 1390

Percentage Risk: 6.85% (-1.69% ATR Adjusted)
Target Gain: 4.91% (1.29% ATR Adjusted)

Risk Ratio: 0.72

Daily ATR(200): 50.25 (3.79%)
Weekly ATR(52): 113.46 (8.56%)

ATR Targets
-1x ATR: 1274.75
1x ATR: 1375.25
1.5x ATR: 1400.38
2x ATR: 1425.50

Good luck

 

[tradeAweek]

@isa - Can you please change profit target to 36?

Will be glad to walk away with a single on a counter trend corrective move.

 

[isatrader]

@isa - Can you please change profit target to 36?

Will be glad to walk away with a single on a counter trend corrective move.

Yep sure. I will update it for you to 36

 

[isatrader]

tradeAweek your profit target of 36 has been hit.

Here's the closing trade details:

Closing Trade

Silver (July Contract)
Direction: Long
Entry: 34.9
Exit: 36

Percentage Gain: 3.15%

ATR Adjusted Percentage Gain: 1.11%

Trade Grade: B

Well done tradeAweek. A solid B grade trade gaining just over a full days average range for silver which puts you in the lead so far this week

 

[isatrader]

enter

 

[isatrader]

enter

My entry time was 4.17pm on the thread so the entry price was 1321.1

Here's the full trade details:

Trade Details:
S&P 500 (Rolling Contract)
Direction: Short
Entry: 1321.1
Stop: 1371
Target: 1250

Percentage Risk: 3.78% (-3.54% ATR Adjusted)
Target Gain: 5.69% (5.53% ATR Adjusted)

Risk Ratio: 1.51

Daily ATR(200): 13.6 (1.03%)
Weekly ATR(52): 35.2 (2.66%)

ATR Targets
-1x ATR: 1334.70
1x ATR: 1307.50
1.5x ATR: 1300.70
2x ATR: 1293.90

Attached is the 1 minute and 4 hour entry charts

 

[isatrader]

Positions Update

Attached is the positions update for today. tradeAweek leads so far this week.

 

[tradeAweek]

Here's the reason I quit my silver trade today. I see two possibilities and want to lock some gains on a corrective move.

 

[TradeTheEasyWay]

HI Guys, count me out this week, not filled on eurnzd. Any chance we could extend the call for entries till Monday eve Dave?

Mike

 

[isatrader]

HI Guys, count me out this week, not filled on eurnzd. Any chance we could extend the call for entries till Monday eve Dave?

Mike

I'm open to it if that would help people decide on their position for the week.

So the new deadline would be Midnight BST on a Monday, but the positions would still have to be closed by Friday night.

 

[SlipperyC]

Personally, I'm in favour of keeping the Sunday night deadline.

The more time-creep is introduced, the less skill/judgement/luck(!) is involved ... imho.

I like the idea of 'predicting' the path of an asset before it happens, it reinforces my belief in my own intuition (when right!) and alerts me to when my 'thinking' is going against the trend.

 

[isatrader]

Ok, I'm going to make a special dispensation for Mike only, as he has proven that his picks are always well thought out and based on daily set-ups and not just on a whim. And also because I can see that it's a real issue for him as he's had to scratch at least three weeks picks over the last 17 weeks. So the Sunday entry deadline will not apply to Mike only.

However, everyone else will still be required to submit their picks by Sunday Night but I will allow other traders to enter later by request once they have traded regularly on thread and proven that their picks are well thought out. As otherwise what SlipperyC said above could happen and would damage the quality of the thread.

 

[tradeAweek]

Bailed out of my Silver trade too soon. It is nicely marching towards my initial objective. Damn!!!

 

[chilltrader]

Nice going... might jump in next week. What are the current rules?