One Trade a Week

[isatrader]

SlipperyC you were filled at a better price of 7137.81 as the DAX gaped below your limit order of 7150. Here are the full trade details:

Trade Details:
DAX (DBI DAX)
Direction: Long
Entry: 7137.81
Stop: 7040
Target: 7260

Percentage Risk: 1.39%
Target Gain: 1.71%

Risk Ratio: 1.23

Daily ATR(200): 92.56 (1.30%)
Weekly ATR(52): 227.38 (3.19%)

ATR Targets

1x ATR: 7230.37
1.5x ATR: 7276.65
2x ATR: 7322.93

Good luck mate

 

[isatrader]

Pat494 you are in

Pat494 you are in Vedanta (VED.L) at the opening price of 2436. Here are the details:

Trade Details:
Vedanta (LSE:VED)
Direction: Long
Entry: 2436
Stop: 2359
Target: 2559

Percentage Risk: 3.26%
Target Gain: 5.05%

Risk Ratio: 1.55

Daily ATR(200): 80.17 (3.29%)
Weekly ATR(52): 203.91 (8.37%)

ATR Targets

1x ATR: 2516.17
1.5x ATR: 2556.26
2x ATR: 2596.34

Good luck Pat

 

[SlipperyC]

Isa,

I'd like to move the stop on my trade to 7140 (no loser this week!)

Thanks

 

[isatrader]

Isa,
I'd like to move the stop on my trade to 7140 (no loser this week!)
Thanks

Ok no worries, I've moved it for you.

 

[isatrader]

Change HOIL.L warehoused order to limit order

HOIL.L has made a strong 3% move up this morning since the open, so I'm changing my warehoused order to a limit order to try and get on in the pullback. So here's the adjusted limit order:

isatrader
Heritage Oil (LSE:HOIL)
Direction: Long
Limit order: 275
Stop: 259
Target: 300

 

[isatrader]

I might have missed this one. HOIL.L is pushing 4% since the open now and I don't want to chase it. Fortunately I bought it in my SB account last week so at least I'm making some money even if I don't get in on the thread.

 

[isatrader]

Change limit for HOIL.L to 276

 

[SlipperyC]

Can I move my stop to 7180, thanks.

 

[isatrader]

Can I move my stop to 7180, thanks.

Yep I have moved it for you

 

[SlipperyC]

isa,

I'd like to exit my trade now.

Thought it might hit 7260 but I'll settle for 7220-ish.

Got a good entry and not too sure about performance over the next few days so I'll exit with a decent win now!

 

[SlipperyC]

oh, how humorous! After I exercise my ill-discipline and lack of patience by closing my trade, the DAX promptly hits my original target of 7260.

Well, at least I was aiming in the right direction this time!

 

[isatrader]

SlipperyC you are out

Ok SlipC, the closing price at 2.10pm was 7223.11

Closing Trade

DAX (DBI DAX)
Direction: Long

Entry: 7137.81
Exit: 7223.11

Points Gain: 85.30

Percentage Gain: 1.20%

ATR Adjusted Percentage Gain: 0.92%

I think you should be really pleased with this one, as you managed to get almost a full days ATR intra day. Well done mate

 

[Pat494]

oh, how humorous! After I exercise my ill-discipline and lack of patience by closing my trade, the DAX promptly hits my original target of 7260.

Well, at least I was aiming in the right direction this time!

A profit anyway

 

[SlipperyC]

Thanks isa.

Just off to B&Q to buy several rolls of strong tape / glue so I can secure my hands under my ass to help my profit margins.

 

[isatrader]

Thanks isa.
Just off to B&Q to buy several rolls of strong tape / glue so I can secure my hands under my ass to help my profit margins.

Lol! It will come mate.

 

[isatrader]

Black Swan you were filled at the open price of 20.70 for Expedia (EXPE)

Trade Details:
Expedia (NASDAQ:EXPE)
Direction: Long
Entry: 20.70
Stop: 19.50
Target: 22.00

Percentage Risk: 6.15%
Target Gain: 6.28%

Risk Ratio: 1.02

Daily ATR(200): 0.80 (3.86%)
Weekly ATR(52): 1.85 (8.94%)

ATR Targets

1x ATR: 21.50
1.5x ATR: 21.90
2x ATR: 22.30

Good luck

 

[isatrader]

My limit order at 276 was hit at 15.53pm

Trade Details:
Heritage Oil (LSE:HOIL)
Direction: Long
Entry: 276
Stop: 259
Target: 300

Percentage Risk: 6.56%
Target Gain: 8.70%

Risk Ratio: 1.32

Daily ATR(200): 14.4 (5.22%)
Weekly ATR(52): 38.23 (13.85%)

ATR Targets

1x ATR: 290.4
1.5x ATR: 297.6
2x ATR: 304.8

 

[chilltrader]

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

Target updated to 1.3062

 

[isatrader]

Target updated to 1.3062

No worries, I've updated the target alert for you.

 

[isatrader]

Sharp Ratio

I thought it would be interesting to look at the sharp ratio of the players that have traded every week since the beginning. As others get more trades recorded then I can calculate their sharp ratio as well and possibly this may be the best way to judge long term performance. Hopefully I've done it correctly but see attached and let me know if I haven't.

I haven't included this week, so SlipperyCs result will be be better after this weeks gain is added.

Traders 5 Week Sharp Ratio
TradeThe EasyWay: 1.01
Pat494: 0.26
isatrader: -0.28
SlipperyC: -0.74

Index 5 Week Sharp Ratio
S&P 500: 0.94