The Trading Game - Oct 2013: Week 4

Sharky

Sharky

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Week 4 of the Oct game is on.. http://www.trade2win.com/boards/t2w-announcements/179522-trading-game.html

The October leaderboard stands as:

1. bustech = 22 points ($150 Amazon Voucher)
2. postman = 20 points ($100 Amazon Voucher)
3. NVP = 10 points ($50 Amazon Voucher)
4. barjon = 8 points
4. Schofield = 8 points
6. attila = 6 points
7. pat494 = 4 points
7. Dick Lexic = 4 points
7. Zen Archer = 4 points
10. ffsear = 2 points

Get your entries in below... after this week, just 1 more week to go!
 
Gone for a short on the ES here at 1737.
It's gone over 100 ES points in what seems like no time at all. Might need a breather. Take the lower trendline from the lows and connect it across the last swing high, and it makes a nice, clear channel where we have already touched and came off a little.
Price also showing a potential that it is struggling to hold the current demand line.
It's a bit aggressive, though. Fighting the Fed, here!
Stop at 1747
 

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I'm long Dow @15433.
The hourly chart shows 2 channels the steeper one is the one I'm trading. ( I posted it at 5.15 on another thread http://www.trade2win.com/boards/indices/120172-anyone-scalping-ftse-futures-3686.html#post2208240 )
There was a good bounce off an old support line I'd had at 14428 and there is good after hours support from the Dax and FTSE. (Dax to touch 9000 tomorrow but thats another trade).
Exit - keeping until late Wednesday but above 15540.
Stop 15,390.
Risk / reward approx 0.4
A break above 15460 would lend more confidence as that proved sticky earlier on today.
 

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postman said:
I'm long Dow @15433.
The hourly chart shows 2 channels the steeper one is the one I'm trading. ( I posted it at 5.15 on another thread http://www.trade2win.com/boards/indices/120172-anyone-scalping-ftse-futures-3686.html#post2208240 )
There was a good bounce off an old support line I'd had at 14428 and there is good after hours support from the Dax and FTSE. (Dax to touch 9000 tomorrow but thats another trade).
Exit - keeping until late Wednesday but above 15540.
Stop 15,390.
Risk / reward approx 0.4
A break above 15460 would lend more confidence as that proved sticky earlier on today.
Click to expand...

Were hovering around 15464 / 76 level (that's around 15400 on the futures). I dont want to hold overnight (anything can happen) so I've closed here at 15473 with the expectation of opening this position again tomorrow for more upside. So +40 for today.
 
postman said:
Were hovering around 15464 / 76 level (that's around 15400 on the futures). I dont want to hold overnight (anything can happen) so I've closed here at 15473 with the expectation of opening this position again tomorrow for more upside. So +40 for today.
Click to expand...

So - opened again this morning @398 still expecting 15500
Stop @365 so even if I'm stopped out its a profitable trade.
 
long DOW at 15400 stop at 15369

maybe it started uptrend on 15 min chart (hh, hl etc.)
 
ZEN archer said:
move stop to 15376 (if it's in uptrend, it shouldn't go below hl really)
Click to expand...

I can post the chart now (didn't have time before). You can see a new trend on 15 min - I'm guessing it may recover and shoot up (unless it drops):rolleyes:
 

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ZEN archer said:
closed 1/2 at 15430 for +30 and stop to 1.5400 b/e
Click to expand...

I did this to take some profit at 1/1. Also I don't feel like risking any money for the remaining 1/2, so stop to the same level as entry and it's a round number (for whatever reason it could be some kind of support, although a proper technical level is 15376 - based on hh,hl way of thinking)
 
ZEN archer said:
I did this to take some profit at 1/1. Also I don't feel like risking any money for the remaining 1/2, so stop to the same level as entry and it's a round number (for whatever reason it could be some kind of support, although a proper technical level is 15376 - based on hh,hl way of thinking)
Click to expand...

Well - it didn't last long. No surprise there - DOW is often jumpy (jumpier than S&P imo).
So out 1/2 at 15400, all together +15

I'll see what happens to this uptrend - it's still there unless it drops below 15376 atm
 
ZEN archer said:
Well - it didn't last long. No surprise there - DOW is often jumpy (jumpier than S&P imo).
So out 1/2 at 15400, all together +15

I'll see what happens to this uptrend - it's still there unless it drops below 15376 atm
Click to expand...

Not any longer - pa is misbehaving.

I wouldn't touch it for the time being (looks like some kind of expanding pattern - not my favourite)(n)
 
No more trades for me for the rest of the month.

Heading back overseas and not in front of the PC.

Good luck everyone.
 
postman said:
So - opened again this morning @398 still expecting 15500
Stop @365 so even if I'm stopped out its a profitable trade.
Click to expand...

I've closed this at 15418. It hit that support (now resistance) line of 15,428 and bounced off. I dont think theres anything more on offer tonight and I'm not holding overnight so thats another +20 added to the +40 from yesterday.

Total of +60.

Closed this trade.
 
Here are the results from week 4:

1. postman (2 votes) = 10 points
2. schofield = 8 points
3. ZEN Archer = 6 points
4. --- no 4th entry ---
5. --- no 5th entry ---
 
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