One Trade a Week

[isatrader]

Thanks Isatrader for setting this up.

Trade Details:
Capital One Financial Corporation (NYSE: COF )
Direction: Short
Entry: Market
Stop: 56
Target: no target

Thanks collin, here's the initial ATR targets based on Fridays close of 51.55

ATR Targets

Daily ATR(200) = 1.14 (2.21%)
Weekly ATR(52) = 2.88 (5.59%)

-1x ATR: 52.69
1x ATR: 50.41
1.5x ATR: 49.84
2x ATR: 49.27

Good luck

 

[isatrader]

Week 18 Results

Hi everyone, week 18 is done and the finally this quarter I have a win for the week, so am pleased with that.

Here's the table from this week.

Name______ATR Adjusted Percentage
isatrader__________1.86%
Canto1922_________0.49%
Pat494____________0.24%
tradeAweek________0.06%
SlipperyC__________-0.70%
collin2985_________-2.30%
A_fr______________-2.52%

TradeTheEasyWay___not filled

Attached is the results spreadsheet

 

[isatrader]

Q2 League Table

Below is the current league table and performance points for Q2 so far. There's four weeks left of this quarter so is still a chance for anyone to win. The league table is below which shows the absolute scores, but there's a large difference in the amount of trades people have put on so I've also attached the week by week results spreadsheet to give a more compete picture.

Name_____ATR Adjusted Percentage
dmt257___________3.00%
tradeAweek________2.60%
CityTrader90_______1.39%
Pat494___________1.08%
SlipperyC_________0.98%
Canto1922________0.75%
isatrader_________-0.19%
TradeTheEasyWay__-0.81%
collin2985________-2.30%
A_fr_____________-2.56%
wigtrade_________-4.23%

Name______Performance Points
Pat494_____________3
dmt257____________2
TradeTheEasyWay____1
CityTrader90________1
Canto1922__________1
isatrader___________1

dmt257 leads the quarter but has only made 3 trades and hasn't traded since April. Pat is still the most consistent performer as has traded every week and continues to lead the performance points.

Remember to get your picks in over the weekend as normal.

 

[tradeAweek]

My Trade for the week.
Short Spot Gold @ 1555.
Stop @ 1580
Target 1475

 

[tradeAweek]

Expecting a sharp sell off in gold sometime later this week.

 

[Pat494]

Do you think Dave, the other guys will suspect a fix-up betwen us ?
why ?
well you head the weekly S&P 500 competition I host and I head this competition that you host !!

only kidding fellers

 

[isatrader]

Do you think Dave, the other guys will suspect a fix-up between us ?
why ?
well you head the weekly S&P 500 competition I host and I head this competition that you host !!

only kidding fellers

They'll say it's for the great prizes we offer.

 

[isatrader]

My Trade for the week.
Short Spot Gold @ 1555.
Stop @ 1580
Target 1475

Thanks tradeAweek, here's the initial ATR targets for Gold

ATR Targets

Daily ATR(200) = 20.775 (1.34%)
Weekly ATR(52) = 45.751 (2.94%)

-1x ATR: 1575.78
1x ATR: 1534.23
1.5x ATR: 1523.84
2x ATR: 1513.45

Good luck

 

[isatrader]

iShares Barclays 20+ Year Treasury Bond (NYSE:TLT)

Order Type: Warehoused

Direction: Long

Initial Stop loss: 93.49
Initial Target: 100

ATR (200 Day): 1.189 (1.23%)
ATR (52 Week): 2.825 (2.93%)

ATR Targets: - Based on Fridays close at 96.33
-1x ATR: 95.14
1x ATR: 97.52
1.5x ATR: 98.11
2x ATR: 98.71

Entry Reason
I bought treasury bonds in my ISA in April when I got the volume buy signal in the TLT. These have done very well so far and protected my ISA through these last few volatile months. The TLT is now consolidating back above the 200 day moving average. I have an initial target of 100 at the top of the weekly channel but if the S&P 500 breaks down further than 1250 then I think TLT could challenge last years highs of around the 109 area. But for our weekly competition I think the initial target of 100 could be met.

 

[Pat494]

Market
Smiths News
SL 105
TP 90
short
reason
Declining in the TA charts recently

 

[TradeTheEasyWay]

Hi Guys,

US$ is very weak and broken normal links with equities so I'm bullish gold - interested to hear counter views - see how we go.

My trade this week is, EURJPY daily
eurusd very strong
rate decison Thursday

entry: 117.60
stop: 115.90
exit: 121.40

Mike

 

[isatrader]

Market
Smiths News
SL 105
TP 90
short
reason
Declining in the TA charts recently

Thanks Pat, here's the initial targets for you for NWS.L based on Fridays close of 95.5

ATR Targets

Daily ATR(200) = 3.285 (3.44%)
Weekly ATR(52) = 7.533 (7.89%)

-1x ATR: 98.785
1x ATR: 92.215
1.5x ATR: 90.573
2x ATR: 88.930

Good luck

 

[isatrader]

Hi Guys,

US$ is very weak and broken normal links with equities so I'm bullish gold - interested to hear counter views - see how we go.

My trade this week is, EURJPY daily
eurusd very strong
rate decison Thursday

entry: 117.60
stop: 115.90
exit: 121.40

Mike

Thanks Mike, here are your initial ATR targets for EURJPY

ATR Targets

Daily ATR(200) = 1.1444 (0.97%)
Weekly ATR(52) = 3.2537 (2.77%)

-1x ATR: 116.456
1x ATR: 118.744
1.5x ATR: 119.317
2x ATR: 119.889

Good luck

P.S. My view on gold is that it is showing some divergences but hasn't given a sell signal yet. It is entering the "summer doldrums" where there's less physical demand until around late August time and the Indian buyers reenter the market for their wedding season. So I think it will move lower over the next few months but might not have topped out yet.

 

[Canto1922]

Short ANTO
Market
Stop: 1350
Target: 1160

Reason: downtrend with poor economic news last week adding to demand worries.

 

[SlipperyC]

Hi All,

My pick this week is;

LIMIT BUY DAX
Entry; 7050
Stop; 6960
Target; 7250

Reason; lets see if the 7000 area / S&P1300 holds!

Incidentally I'm short GOLD from 1546 in my live account (£5/pt) with a tight (guaranteed) stop at 1558. I think its bounced around this area for too long and will retrace to 1480-90.

 

[isatrader]

Short ANTO
Market
Stop: 1350
Target: 1160

Reason: downtrend with poor economic news last week adding to demand worries.

Thanks Canto, here's the initial ATR targets based on Fridays close of 1269

ATR Targets

Daily ATR(200) = 46.586 (3.67%)
Weekly ATR(52) = 101.733 (8.02%)

-1x ATR: 1315.59
1x ATR: 1222.41
1.5x ATR: 1199.12
2x ATR: 1175.83

Good luck

 

[isatrader]

Hi All,

My pick this week is;

LIMIT BUY DAX
Entry; 7050
Stop; 6960
Target; 7250

Reason; lets see if the 7000 area / S&P1300 holds!

Incidentally I'm short GOLD from 1546 in my live account (£5/pt) with a tight (guaranteed) stop at 1558. I think its bounced around this area for too long and will retrace to 1480-90.

Hi Slip, here are your targets for the DAX

ATR Targets

Daily ATR(200) = 93.28 (1.32%)
Weekly ATR(52) = 224.94 (3.19%)

-1x ATR: 6956.72
1x ATR: 7143.28
1.5x ATR: 7189.92
2x ATR: 7236.56

Good luck

 

[tradeAweek]

@isatrader -
Interesting analysis on 20 Y tbonds.
I have the opposite expectation on tbonds. See attached chart of 30 Yr tbonds. Also look at my chart of treasury yields http://chart.ly/mlcnynb which is opposite of the bonds. It will be interesting to see how this plays out.

 

[isatrader]

@isatrader -
Interesting analysis on 20 Y tbonds.
I have the opposite expectation on tbonds. See attached chart of 30 Yr tbonds. Also look at my chart of treasury yields http://chart.ly/mlcnynb which is opposite of the bonds. It will be interesting to see how this plays out.

Thanks tradeAweek, it's always interesting to see how someone else is looking at the same product.

See attached my weekly chart of the 10 year bond (IEF) and the 30 year bond (TLT) with a 30 week weighted average. This is my Stan Weinstein method based chart which shows that both are moving into early stage 2 of his 4 stage method as the moving average has turned up and price has broken out. Stage 2 according to his method is the time to be long so my plan is to stay long until it moves into a stage 3 situation and hits my stop which could be many months yet as this is a longer term method.

 

[isatrader]

Week 19 Picks

Attached is the trades spreadsheet of this weeks picks. Let me know if you need any changes.