isa's short term trading journal

[top trader]

they have their own forum.
if you use AD. then press free bb on right hand side and search for fx thread by index trader.

 

[top trader]

sorry double post.

 

[isatrader]

Is not the same thing. That's a live trading thread, where you can post whatever whenever. Is not want I want to do at all. On the thread I want to do each person will only be able to make one trade per week. No saying ABC looks good etc, or I traded something or other today. They will have to be specific and they will have to set a stop loss and it will have to be closed by the end of the week. I will make a spreadsheet and monitor the performance of each trade and make an equity curve for each person as the weeks go by.

 

[SlipperyC]

Sounds like a good idea isatrader - keeping it simple and straightforward - a lot like trading should be!

 

[isatrader]

Thanks SlipperyC, did you see my PM message?

 

[isatrader]

US SP 500 Long Entry – Mar 11 Spread Update

Trade Update – The S&P 500 Index is sitting at the 1300 level and battling between supply and demand. Maybe GDP tomorrow will move it either way decisively. I will wait and see. Currently my trade is around 7 points up and stop is at break even still.

Here's the latest chart

 

[isatrader]

SMT Buy Stop

I’m looking for SMT to breakout above the current consolidation. It is approaching key resistance, so it may top and not reach my target. I think it depends whether the general market breaks out as well, as to which way it goes.

 

[SlipperyC]

PM message? Is that PM as in this afternoon PM? If so, then yes.

 

[isatrader]

No I meant the private message in your T2W inbox?

 

[SlipperyC]

Oops! Sorry, don't use the PM's much! Will read now.

 

[SlipperyC]

Yep. Read and understood. Again, it all seems clear.

Are we starting this weekend?

 

[isatrader]

Yep. Read and understood. Again, it all seems clear.

Are we starting this weekend?

Yep this weekend, I will set the new thread up and post the link to it in here tomorrow.

 

[isatrader]

Ok, the new "One Trade a Week" Thread is up and running. Here's the link if you want to join in: http://www.trade2win.com/boards/swing-position-trading/116688-one-trade-week.html#post1404498

Next week is the first week, so please post your pick by the end of the day on Sunday following the rules in the opening post.

 

[isatrader]

BG Group Entry - Jun 11 Spread

BG group spiked up through the previous highs this morning and set off my alert. It's pulled back around 4% from the high and below the previous high again, so I've placed a speculative long position on Jun 11 Spread. But there's a chance today could be the top, so I've got a fairly tight stop loss.

Trade

BG Group Jun 11 Spread
Direction: Long

Entry Price: 1420.35
Spread: 12.31

Stop: 1379
Target: 1600

Account Risk: 0.5%
Potential Account Profit: 2.19%
Risk Ratio: 4.34

 

[SlipperyC]

DAX hitting multi-day highs again. NASDAQ down a little. Time for a retrace? Going to short it, small amount as it could just be consolidating at high.

Trade

DAX daily
Direction: Short

Entry Price: 7167
Spread: 2 pts
Amount: £2 per point

Stop: 7190
Target: 7120 initially, perhaps down to 7000.

Account Risk: £46
Potential Account Profit: £94
Risk/Reward: 1:2

 

[isatrader]

DAX hitting multi-day highs again. NASDAQ down a little. Time for a retrace? Going to short it, small amount as it could just be consolidating at high.

Trade

DAX daily
Direction: Short

Entry Price: 7167
Spread: 2 pts
Amount: £2 per point

Stop: 7190
Target: 7120 initially, perhaps down to 7000.

Account Risk: £46
Potential Account Profit: £94
Risk/Reward: 1:2

Nice one SlipperyC. I like that you used my format for showing the trade. I hope it goes well.

 

[isatrader]

US GDP figures were good, but a bit lower than the consensus. It will be interesting to see how price reacts during the US session in the S&P 500 as it is still lingering at the 1300 level. Could be a decent move either way today as it is in such a tight range at the moment.

 

[SlipperyC]

I agree about the move. Dax is bashing against 7170 area - if it gets through it should explode - hence the tight stop. If not, down she goes.

 

[SlipperyC]

Moved my stop to breakeven (7167).

 

[SlipperyC]

Ooh. Down she goes. DAX stop down to 7160 (lock in +7).