One Trade a Week

[isatrader]

EURJPY - Short
Entry: 114.95
Stop: 116.10
Target: 111.55
RR: 3.4

Thanks Mike, I've set up the alerts and here's the ATR targets based on the target 114.95 entry point

ATR Targets

Daily ATR(200) = 1.0406 (0.91%)
Weekly ATR(52) = 3.5669 (3.10%)

1x ATR: 113.9094
1.5x ATR: 113.390
2x ATR: 112.8688

Good luck

 

[Black Swan]

I'm not posting much on T2W over the next few months but will try and keep up with this thread. Instead of trading FX on this thread I'm going to trade US equities, particularly tech. or retail stocks as it's an enjoyable distraction from the day *job*. Will post up the choice of the usual suspects later this evening. Reckon I'm going long on Goog but will confirm once the analysis is done...

 

[isatrader]

I'm not posting much on T2W over the next few months but will try and keep up with this thread. Instead of trading FX on this thread I'm going to trade US equities, particularly tech. or retail stocks as it's an enjoyable distraction from the day *job*. Will post up the choice of the usual suspects later this evening. Reckon I'm going long on Goog but will confirm once the analysis is done...

Thanks for joining in. I'll be interested to see your trades each week as I mainly like to trade equities myself.

 

[Black Swan]

Thanks for joining in. I'll be interested to see your trades each week as I mainly like to trade equities myself.

Long EXPE (Expedia), limit at 2,200, stop at 1,950.

I reckon the markets over-reacted to the poor results (particularly the EBITDA).

 

[isatrader]

Long EXPE (Expedia), limit at 2,200, stop at 1,950.

I reckon the markets over-reacted to the poor results (particularly the EBITDA).

Just to clarify. Do you want a Market order which will give you the opening price on Monday or a Warehoused order which means you will enter manually during the week?

 

[Black Swan]

Just to clarify. Do want a Market order which will give you the opening price on Monday or a Warehoused order which means you will enter manually during the week?

opening price please buddy...

 

[isatrader]

Long EXPE (Expedia),
Market Order
stop at 19.50
limit at 22.00

I reckon the markets over-reacted to the poor results (particularly the EBITDA).

Ok thanks Black Swan you'll be entered at the opening price on Monday for EXPE, here's the initial ATR targets based on Fridays closing price.

ATR Targets

Daily ATR(200) = 0.80 (3.85%)
Weekly ATR(52) = 1.85 (8.90%)

1x ATR: 21.58
1.5x ATR: 21.98
2x ATR: 22.38

 

[chilltrader]

Long EUR-CHF (Warehoused Order)
Stop @ 12860

 

[SlipperyC]

Hi isa,

My trade for this week;

DAX (of course)
LIMIT BUY, 7150
Stop: 7040
Target: 7260

Reason: I think I see a flag pattern (see attached image). My target is the top of downtrend line.

We'll see! Disappointed (again) about my trade last week, which would have worked out if I'd used a more sensible stop.

 

[isatrader]

Long EUR-CHF (Warehoused Order)
Stop @ 12860

Thanks chilltrader, here's your ATR targets based on Fridays close of 1.2929 for EUR/CHF

ATR Targets

Daily ATR(200) = 0.0109 (0.84%)
Weekly ATR(52) = 0.0300 (2.32%)

1x ATR: 1.3038
1.5x ATR: 1.3093
2x ATR: 1.3147

Good luck

 

[isatrader]

Hi isa,

My trade for this week;

DAX (of course)
LIMIT BUY, 7150
Stop: 7040
Target: 7260

Reason: I think I see a flag pattern (see attached image). My target is the top of downtrend line.

We'll see! Disappointed (again) about my trade last week, which would have worked out if I'd used a more sensible stop.

Ok SlipperyC, your ATR targets for the DAX are as follows if you get your 7150 entry target

ATR Targets

Daily ATR(200) = 92.56 (1.29%)
Weekly ATR(52) = 227.38 (3.18%)

1x ATR: 7242.56
1.5x ATR: 7288.84
2x ATR: 7335.12

Good luck with it

 

[isatrader]

So we've got 7 players this week so far. Tonight is the deadline as forex starts trading at midnight (GMT) so if anyone else wants to join in this week, then get your entry in before midnight.

Thanks

David

 

[chilltrader]

Long EUR-CHF (Warehoused Order)
Stop @ 12860

Enter

Target @ 13042 (updated)

 

[isatrader]

Enter

Target @ 13042 (updated)

chilltrader the competition time is from Midnight (GMT) tonight until the close of trade on Friday. So you can't enter yet.

 

[wigtrade]

Here's my trade for this week isa,

ICP (Intermediate capital group) - BUY *Order set*

Long 320
Stop 312
Target fill 340

cheers,
Wig

 

[isatrader]

Here's my trade for this week isa,

ICP (Intermediate capital group) - BUY *Order set*

Long 320
Stop 312
Target fill 340

cheers,
Wig

Thanks wig, here's your initial ATR targets, and just to let you know that as your buy limit is above Fridays close, if the market gaps above it on Monday then you will be filled at the opening price for ICP.L

ATR Targets

Daily ATR(200) = 7.47 (2.33%)
Weekly ATR(52) = 18.57 (5.80%)

1x ATR: 327.47
1.5x ATR: 331.21
2x ATR: 334.94

thanks for taking part

 

[isatrader]

Week 6 Trades and Spreadsheet

Week 6 is about to start. So here's the rundown of this weeks trades. The group has a long bias this week with 7 of the 8 traders favouring the long side. The product mix this week is 3 forex trades (interestingly all EUR), 4 stocks and 1 index trade.

Week 6 Picks

tar
EURAUD (FX:EURAUD)
Direction: Long
Warehoused order: Manual entry during the week
Stop: -250
Target: +250

Pat494
Vedanta (LSE:VED)
Direction: Long
Market order: Will be filled at the open on Monday
Stop: 2359
Target: 2559

isatrader
Heritage Oil (LSE:HOIL)
Direction: Long
Warehoused order: Manual entry during the week
Stop: 254
Target: 300

TradeTheEasyWay
EURJPY (FX:EURJPY)
Direction: Short
Limit order: 114.95
Stop: 116.10
Target: 111.55

Black Swan
Expedia (NYSE:EXPE)
Direction: Long
Market order: Will be filled at the open on Monday
Stop: 19.50
Target: 22.00

chilltrader
EURCHF (FX:EURCHF)
Direction: Long
Warehoused order: Manual entry during the week
Stop: 1.2860
Target: 1.3042

SlipperyC
DAX (DBI DAX)
Direction: Long
Limit order: 7150
Stop: 7040
Target: 7260

wigtrade
Intermediate capital group (LSE:ICP)
Direction: Long
Limit order: 320
Stop: 312
Target: 340

Ok, that's all the trades. I've included the more detailed spreadsheet screenshot below, and I've added an extra column which shows the stop loss level that is equivalent to a 1% ATR loss based on the initial entry figures. This will obviously change depending on actual entries but is easily calculated using the daily ATR(200) on the spreadsheet.

Lets see if we can beat the S&P this week. Good luck everyone and as always let me know if you have any questions.

Cheers

David

 

[chilltrader]

Enter

 

[isatrader]

Enter

chilltrader you are in. The closing price for EUR/CHF at 12.06am was 1.2951

Trade Details:
EURCHF (FX:EURCHF)
Direction: Long
Entry Price: 1.2951
Stop: 1.2860
Target: 1.3042

Percentage Risk: 0.71%
Target Gain: 0.70%

Risk Ratio: 0.99

Daily ATR(200): 0.0109 (0.84%)
Weekly ATR(52): 0.0300 (2.32%)

ATR Targets

1x ATR: 1.3060
1.5x ATR: 1.3115
2x ATR: 1.3169

good luck

 

[isatrader]

TradeTheEasyWay you are in

TradeTheEasyWay you are in EURJPY. Your entry price of 114.95 was hit overnight. Below is the full trade details:

Trade Details:
EURJPY (FX:EURJPY)
Direction: Short
Entry Price: 114.95
Stop: 116.10
Target: 111.55

Percentage Risk: 1.00%
Target Gain: 3.05%

Risk Ratio: 3.05

Daily ATR(200): 1.0406 (0.91%)
Weekly ATR(52): 3.5669 (3.10%)

ATR Targets

1x ATR: 113.91
1.5x ATR: 113.39
2x ATR: 112.87

Good luck