ftse100 vista week ending 21/01/01

[marketvistaa]

BRENT_MARCH FUTURES

BUY @ 98.60 TP 98.80 SL 98.00


SELL @ 93.40 TP 93.20 SL 92.80



US CRUDE_FEB FUTURES


BUY@ 92.40 TP 92.60 SL 91.80

SELL@ 88.05 TP 87.85 SL 88.65



HANG SENG INDEX


BUY @ 24230 TP 24 250 SL 24170


SELL @ 23465 TP 23445 SL 23525



FTSE100 INDEX

BUY @ 6059 TP 6079 SL 5990

SELL @ 5935 TP 5915 SL 5875



GBP/USD

BUY @ 1.5890 TP 1.5920 SL 1.5820


SELL @ 1.5470 TP 1.5440 SL 1.5540

THESE ENTRY LEVELS ARE VALID THROUGHT THE WEEK

DONT TRADE WITH FUND YOU CANT AFFORD TO LOSE

marketvistaa

 

[tomorton]

FTSE100 INDEX

BUY @ 6059 TP 6079 SL 5990

SELL @ 5935 TP 5915 SL 5875

FTSE100 closed Friday at 6002. The figures above advocate buying after a 37pt rise with a 20pt profit target and 69pt stop-loss. Buying at 6059 may not be a bad idea (reserving judgement until we get there) but the trade as set out has a risk:reward ratio of over 3 to 1.

You may also notice that the stop-loss for the sell trade is lower than the entry.

 

[marketvistaa]

FTSE100 closed Friday at 6002. The figures above advocate buying after a 37pt rise with a 20pt profit target and 69pt stop-loss. Buying at 6059 may not be a bad idea (reserving judgement until we get there) but the trade as set out has a risk:reward ratio of over 3 to 1.

You may also notice that the stop-loss for the sell trade is lower than the entry.

Hi
Thanks for your comment and feedback, risk is a matter of your style. and risk -reward is a matter of the choice you want to make.
1 do you want High reward - low risk, with low probability of occurence?
or low reward-high risk with high probability of occurence?
in the fist instance, you want high reward, but the probability of it occuring is very low
the 2nd instance you want low reward with high probability of occuring.
most cases once our entry level is hit, you have high probability of making profit.
It is good also to have very high reward -risk ratio, but how often do you trade?
I prefer to have low reward and trade often.

 

[tomorton]

It looks to me like you're skewing your stop-loss and profit target to avoid having losing trades. Minimising the number of losers might be a good objective but the imbalance is such that it seems you're sacrificing overall returns for a high win rate. One trade per week at a 20pt target?

 

[marketvistaa]

Hi, Tomorton
How is ur trading going?

The objective is to avoid losing trade , whether by skewing or any means, just try and make profit.
If you have a high win rate, which is what we target, for a system with 80% performance, your overall returns will be in positive. It is not how often your enter the market , we want to be in the market when there is high probability of profit. our target for ftse100 is actually 10-15pts per trade per week. It then depends on how many contract you want to trade. We encourage diversification. that is why we cover upto 5 markets. for instance the 1st week, there was a return of 50pts for HSI and 21pts for gbp.usd , total of 71 pts for the week

 

[tomorton]

Thanks for your further details. I am worried that it's actually starting to make sense. Trading 5 markets once per week, with an 80% win rate and 1:3 r:r (say, 15pt target and 45pt stop) would give you a net gain of 780pts from 260 trades, just 3pts av. net per trade, but that return should be fairly dependable. Cheers.

 

[marketvistaa]

If you apply that to five markets, for example, that will equate to 3900 pts
780*5=3900 pts
we cover mainly Brent futures, us crude futures, HSI, FTSE100, GBP/USD, and Ibex35, dow 30.
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