Charity Trading Account - Trades for 23/07/07

rossored

rossored

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Please make suggestions for our Charity Trading Account (details here) for trades on 23/07/07.

Please abide by the following restrictions:

All trades must have an entry point
All trades must have an exit (target) point
All trades must be good for that day only (no rollovers to start with)
All trades must have a stop

No trades will be made in non-UK Equities or in Heating Oil or Natural Gas contracts.

The maximum stake will be £1 a point in indices, energy and metal commodities and Currency Markets. The maximum stake in all other contracts shall be £2.

Please suggest your stake along with your suggested instrument.

Please do not use this thread for anything other than trade suggestions. Irrelevant posts will be deleted without explanation.

Our thanks to Capital Spreads setting up the account.
 
come on folks - 24 hours to go - lets' have some suggestions for the first trade!
 
GBPUSD: (daily)

BUY GBP/USD if it dips to 2.0520.
Stop-Loss = 2.0490.
Profit Target = 2.0580.
Amount=£2
Valid ONLY for July-23.

(Risk=30 pips, Reward=60 pips)

EDIT: amount should read £1!(as its a currency)!
 
Last edited:
Euryen

short @ 168.00, stop 168.40

exit 166. 60...or at end of day.

edit: valid for monday
 
Ftse cash

Sell short @ 6597
Stop @ 6629
target 6554 or out by close at 4.30

One pound a point
 
Last edited:
Dow Trades

rossored said:
come on folks - 24 hours to go - lets' have some suggestions for the first trade!
Click to expand...

I read this a few days ago, and thought that I might get the first trade in by default! Pleased to see some other contributions here. Currencies and FTSE have been covered, so I am going to make a suggestion for the Dow.

It is difficult doing this premarket, and I'm not quite a position trader, so bear with me. Is it the case that we are only permitted one trade per day? At a maximum of £2pp that isn't great use of the margin available.

Here is my suggestion for a trade:

Sell 1 of Wall Street Daily Future (Sept) at 14010 goodtil end of day
If done stop at 14050​
If done limit at 13900​

OCO Buy 1 of Wall Street Daily Future (Sept) at 13900 goodtil end of day
If done stop at 13850​
If done limit at 14000​

Both trades have > 2:1 risk/reward, and as one cancels the other only one trade will be executed. If the limits aren't hit, trade will be settled market on close as these are "daily future" contracts. Further, I think only half the spread is paid if trades expire at the market settlement. Good luck everyone, and thanks for organising this worthwhile endeavour.

I'm liking my 1/4 odds right now!
 
blimey lurker, is there a more aggressive colour of font for the eye....or that was your best shot at it :cheesy:
 
If I could make a suggestion...perhaps Charity Trading Account would be better as a heading in The Platforms section as opposed to under Spread Betting sub section.

C V
 
jacinto said:
Euryen

short @ 168.00, stop 168.40

exit 166. 60...or at end of day.

edit: valid for monday
Click to expand...


if trade wasnt entered overnight, forget about it.....the entry happened last night, and it is currently 80 pips in profit.

eliminate trade if not entered
 
OK first trade that was selected by our random number generator was post number 3, trendie's position on the GBPUSD. (thanks for that trendie). However the trade was already at the profit target at the time of writing this (2.0580 @ 9.10am) so NO TRADE WAS TRIGGERED.

I think that perhaps we should choose trades and set them up with limit orders as otherwise we could end up with no trades day after day. Anyone have any other ideas so that it's as simple as possible to implement?

Thanks,

EK1
 
EK1 said:
OK first trade that was selected by our random number generator was post number 3, trendie's position on the GBPUSD. (thanks for that trendie). However the trade was already at the profit target at the time of writing this (2.0580 @ 9.10am) so NO TRADE WAS TRIGGERED.

I think that perhaps we should choose trades and set them up with limit orders as otherwise we could end up with no trades day after day. Anyone have any other ideas so that it's as simple as possible to implement?

Thanks,

EK1
Click to expand...

PHEW, thats a relief!
the optimal entry was missed by just a couple of pips overnight, and the profit target was hit, as you say.
therefore, the entry is invalidated, as the next optimal entry is higher.
as most of us are day-traders, I think the longer term crowd may be better suited to this competition, as I tend to review my options every 1 or 4 hours.
 
Only use daily charts for workings. That will cut down on voided trades such as this mornings 2.

Come on Trendie and other short frame traders it will be a good exercise for you.
Never know you might get to like it.

The big money comes from sitting on your hands!
 
EK1 said:
OK first trade that was selected by our random number generator was post number 3, trendie's position on the GBPUSD. (thanks for that trendie). However the trade was already at the profit target at the time of writing this (2.0580 @ 9.10am) so NO TRADE WAS TRIGGERED.

I think that perhaps we should choose trades and set them up with limit orders as otherwise we could end up with no trades day after day. Anyone have any other ideas so that it's as simple as possible to implement?

Thanks,

EK1
Click to expand...

If the first trade fails for whatever reason, and in this case specifically due to the price being hit, why not use the RNG to select another post and enter that trade? The FTSE short and the Dow trades could have gone through. In terms of margin requirements, at £1pp we're not using up £1k very quickly, so perhaps 4/5 orders should be entered into the system at 09:30 every morning.
 
bond

there's a new thread for each day - i don't think the trade on this one triggered.

jon
 
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