One Trade a Week

[tar]

Exit

 

[tar]

tar, I've got the official entry price for you oil short now and you'll be pleased to know it was a lot better than the price your software had. At 4.06am on 15/3/11 it was 100.75. So I've adjusted your entry details and added the new targets:

Trade Details:
Crude Oil May 11 Futures (NYMEX:CL\K11)
Direction: Short
Entry: 100.75
Stop: 105.75
Target: 95.75

Percentage Risk: 4.96%
Target Gain: 5.22%

Risk Ratio: 1.05

Daily ATR(200): 1.5579 (1.55%)
Weekly ATR(52): 4.0133 (3.98%)

ATR Targets
-1x ATR: 102.31
1x ATR: 99.19
1.5x ATR: 98.41
2x ATR: 97.63

You're currently in the lead as I type as may crude is around 97.98, so that's a 1.83% ATR Adjused gain currently. So almost 2 full days average range.

Thanks , but mate there is something wrong with your entry price there is no way CLK11 was 100.75 , i am sure it was 100.12 , could you double check from your source . Check T&s for 15th at 12:06AM .

 

[isatrader]

Thanks , but mate there is something wrong with your entry price there is no way CLK11 was 100.75 , i am sure it was 100.12 , could you double check from your source . Check T&s for 15th at 12:06AM .

That's 04.06am GMT, so see attached prices from ADVFN

 

[isatrader]

I can't see the exact exit price at the moment, but it was roughly around the 97.50 level, which would give you a 2.16% ATR adjusted gain.

I will update for you during the day once I have the official closing price. But it puts you in the lead currently this week, so well done.

 

[isatrader]

Just out of interest what did the T&S say on your quotes for your exit at 3.42am?

 

[tar]

That's 04.06am GMT, so see attached prices from ADVFN

That's weird something wrong , 4 AM GMT which is 12 AM ET , like now it is 12 AM there , here is a live chart showing the time now :

 

[tar]

just out of interest what did the t&s say on your quotes for your exit at 3.42am?

97.42 @ 3:42 am=11:42pm

 

[tar]

This chart from IG for yesterday it was 100.11

 

[tar]

Ok i found it your entry price is for June contract , i checked my chart it was 100.69 correct .

 

[isatrader]

That is weird. Ok, as long as we are consistent and get the entry and exit prices from the same source then it is fine. So I think we should do it from your prices as that's what you were trading. So the entry price was 100.12 and your exit price was 97.42 so therefore:

Closing Trade

May Crude Oil (NYMEX:CL\K11)
Direction: Short

Entry: 100.12
Exit: 97.42

Percentage Gain: 2.77%

ATR Adjusted Percentage Gain: 1.78%

That puts you in the lead so far this week, but Pat and Mikes trades are still open with 3 days to go, so it isn't in the bag yet. But well done it was a good trade.

 

[isatrader]

Ok i found it your entry price is for June contract , i checked my chart it was 100.69 correct .

ADVFN must have their crude futures prices mixed up as I was using their May prices for NYMEX:CL\K11.

So that's a bit cr@p on their part, but like I said as long as your entry and exit are from the same source it doesn't matter really.

 

[isatrader]

Another strong move up by physiomics this morning Pat. Was so close to your target. You can take the lead if you get a exit above 0.505

 

[SlipperyC]

Well done all, so far!

Am in agreement with you on only 1 trade per week, no changes!

 

[Pat494]

Another strong move up by physiomics this morning Pat. Was so close to your target. You can take the lead if you get a exit above 0.505

won't be long now imho

 

[tar]

ISA how u determine the entry/exit price for small cap and penny stocks ?

 

[isatrader]

ISA how u determine the entry/exit price for small cap and penny stocks ?

I download the one minute historical data from ADVFN and use the closing prices

 

[tar]

I download the one minute historical data from ADVFN and use the closing prices

The closing price is the last price traded it could be the bid or the offer ? or is it the mid price ?

 

[isatrader]

The closing price is the last price traded it could be the bid or the offer ? or is it the mid price ?

Think its the mid price. It isn't the bid or offer

Correction: It's called the current price. Is generally the same as the mid price.

 

[isatrader]

Positions Update

Here is the updated spreadsheet that shows all the positions as of around 11.20pm tonight. tar still leads the week, but Pat had a few chances to steal it today but has held out for his target and it has dropped back a bit. Currently the group has made a 0.80% ATR adjusted profit for the week so we are outperforming the indexes by a long way. Keep it up everyone

 

[isatrader]

Hi Pat, PYC.L has hit your target of 0.525 at 08:44 this morning. Meaning you take the lead for the week. Here's the closing details:

Closing Trade

Physiomics (LSEYC)
Direction: Long

Entry: 0.405
Exit: 0.525

Percentage Gain: 29.63%

ATR Adjusted Percentage Gain: 2.18%

Well done Pat, you managed to get just over two days average range for the volatile PYC.L