One Trade a Week

[isatrader]

Ok, change of plan, I'm going long on silver, opening market price;
stop 3480
limit 3650.

A few options with silver. Do you want spot price, futures, or ETFs like SLV or PHAG.L?

I don't have access to 1 minute intraday spot price information for silver except through my spread betting account. Are you happy to have prices from that or do you want to use your charts prices?

 

[SlipperyC]

Hmmm.

Before the airstrike I was going long on the DAX for my weekly trade because I could see it closing the gap up to the 6850-6900 area.

However, yet again its going to be a gamble.

I'm tempted to believe in the power of greed and manipulation over disaster/war, temporarily at least so I'll still go long, but in case the DAX gaps down first I'll start my entry from a lower point.

My trade;

DAX limit BUY @ 6515, stop: 6320, target: 6880

 

[Black Swan]

A few options with silver. Do you want spot price, futures, or ETFs like SLV or PHAG.L?

I don't have access to 1 minute intraday spot price information for silver except through my spread betting account. Are you happy to have prices from that or do you want to use your charts prices?

spot, happy for you to use your SB account price feed.

 

[tar]

A few options with silver. Do you want spot price, futures, or ETFs like SLV or PHAG.L?

I don't have access to 1 minute intraday spot price information for silver except through my spread betting account. Are you happy to have prices from that or do you want to use your charts prices?

ISA u should open a resturant :cheesy:

 

[isatrader]

Ok, change of plan, I'm going long on silver, opening market price;
stop 3480
limit 3650.

Ok thanks Black Swan, you'll get the first price after midnight (GMT) from my spread betting prices for silver. Below is the ATR targets based on the close of 35.268

ATR Targets

Daily ATR(200) = 0.72 (2.09%)
Weekly ATR(52) = 1.59 (4.61%)

-1x ATR: 34.55
1x ATR: 35.99
1.5x ATR: 36.35
2x ATR: 36.71

Good luck

 

[isatrader]

Here's the ATR targets SlipperyC

ATR Targets

Daily ATR(200) = 93.9 (1.44%)
Weekly ATR(52) = 237.19 (3.64%)

-1x ATR: 6421.10
1x ATR: 6608.90
1.5x ATR: 6655.85
2x ATR: 6702.80

Good luck

 

[wigtrade]

Been listening to BBC radio fivelive for the past hour and what with the japanese crisis, inflation rates, libya and worst of all my football team dead certs for relegation I've suddenly come over all bearish

This week's pick
ARM (Arm holdings) - SELL
I've got some corking bear setups which aren't quite ready to go yet, this one looks ripe to fall off a cliff...

Market order
Stop 550

Good luck all,
Wig

 

[isatrader]

Been listening to BBC radio fivelive for the past hour and what with the japanese crisis, inflation rates, libya and worst of all my football team dead certs for relegation I've suddenly come over all bearish

This week's pick
ARM (Arm holdings) - SELL
I've got some corking bear setups which aren't quite ready to go yet, this one looks ripe to fall off a cliff...

Market order
Stop 550

Good luck all,
Wig

Here's the initial targets wig based on the 511 close on Friday

ATR Targets

Daily ATR(200) = 15.88 (3.11%)
Weekly ATR(52) = 37.05 (7.25%)

-1x ATR: 526.88
1x ATR: 495.12
1.5x ATR: 487.18
2x ATR: 479.24

Good luck

 

[isatrader]

Week 8 Trades and Spreadsheet

Week 8 is about to start at midnight, so below are all the groups picks. As always it's a broad mix of products and this week we have 2 forex, 2 commodities, 3 stock picks and 1 index.

Week 8 Picks

TradeTheEasyWay
USDCAD (FX:USDCAD)
Direction: Long
Limit order: 0.9857
Stop: 0.9790
Target: 1.0050

chilltrader
Smiths News (LSE:NWS)
Direction: Long
Warehoused order: Manual entry during the week
Stop: To be set
Target: To be set

tar
USDJPY (FX:USDJPY)
Direction: Short
Warehoused order: Manual entry during the week
Stop: 83.08 (+250 points)
Target: 78.08 (-250 points)

Pat494
Nextgen (LSE:NGG)
Direction: Long
Market order: Will be filled at the open on Monday
Stop: 32
Target: 40

isatrader
WTI Crude Oil May Future (NYMEX:CL\K11)
Direction: Long
Warehoused order: Manual entry during the week
Stop: 97.49
Target: 108

Black Swan
Silver (Silver (per 0.5) May 11 Spread)
Direction: Long
Market order: Will be filled at the open at 12am GMT
Stop: 34.80
Target: 36.50

SlipperyC
DAX Index (DBI DAX)
Direction: Long
Limit order: 6515
Stop: 6320
Target: 6880

Wigtrade
ARM Holdings (LSE:ARM)
Direction: Short
Market order: Will be filled at the open at 12am GMT
Stop: 550.00
Target: To be set

Good luck everyone and let me know if you need any changes to your pick. I'm not around in the morning, so I'll update all you entries and new targets when I can later in the day. But you have the 200 day ATR figures on the previous posts so you should be able to work out the targets for yourself if I'm not around.

Below is the detailed spreadsheet screenshot.

Cheers

David

 

[isatrader]

Black Swan you were filled at the market open for Silver at 35.68, below is the full trade details and your updated ATR targets

Trade Details:
Silver (Silver (per 0.5) May 11 Spread)
Direction: Long
Entry: 35.68
Stop: 34.80
Target: 36.50

Percentage Risk: 2.53%
Target Gain: 2.30%

Risk Ratio: 0.91

Daily ATR(200): 0.72 (2.02%)
Weekly ATR(52): 1.59 (4.46%)

ATR Targets
-1x ATR: 34.96
1x ATR: 36.40
1.5x ATR: 36.76
2x ATR: 37.12

Good luck

 

[isatrader]

enter

 

[isatrader]

enter

The ADVFN prices for Crude don't start till 3am for some reason so I'm going to use the spread betting price instead for US Crude Oil (per 0.01) May 11 Spread. My entry time on the thread was 12.05am so the closing price I have is 103.82 (I've attached a screenshot)

Trade Details:
WTI Crude Oil May Futures (US Crude Oil (per 0.01) May 11 Spread)
Direction: Long
Entry: 103.82
Stop: 100.59
Target: 108.00

Percentage Risk: 3.21%
Target Gain: 4.03%

Risk Ratio: 1.25

Daily ATR(200): 1.6117 (1.55%)
Weekly ATR(52): 4.0956 (3.94%)

ATR Targets
-1x ATR: 102.21
1x ATR: 105.43
1.5x ATR: 106.24
2x ATR: 107.04

 

[Black Swan]

Ok thanks Black Swan, you'll get the first price after midnight (GMT) from my spread betting prices for silver. Below is the ATR targets based on the close of 35.268

ATR Targets

Daily ATR(200) = 0.72 (2.09%)
Weekly ATR(52) = 1.59 (4.61%)

-1x ATR: 34.55
1x ATR: 35.99
1.5x ATR: 36.35
2x ATR: 36.71

Good luck

Close trade; 3574..

 

[chilltrader]

enter

 

[SlipperyC]

Hmmm ... again!

Obviously my thoughts about the market selling off due to the potential for Middle East war are 'insane'!

Oh well, I'll wait for a suitable long entry point on a retrace of this spike.

 

[chilltrader]

enter

Stop @ 76
Target @ 91

 

[isatrader]

Close trade; 3574..

Thanks Black Swan. Your close time was 7.59am, so the closing price was 35.76 on my SB chart

Closing Trade

Silver (Silver (per 0.5) May 11 Spread)
Direction: Long

Entry: 35.68
Exit: 35.76

Percentage Gain: 0.22%

ATR Adjusted Percentage Gain: 0.11%

Below is the chart for the price confirmation

 

[isatrader]

enter

Thanks chill, your entry time was 8.01am, so the entry price was 80.75, below is the full trade details and targets.

Trade Details:
Smiths News (LSE:NWS)
Direction: Long
Entry: 80.75
Stop: 76.00
Target: 91.00

Percentage Risk: 6.25%
Target Gain: 12.69%

Risk Ratio: 2.03

Daily ATR(200): 3.80 (4.71%)
Weekly ATR(52): 8.15 (10.09%)

ATR Targets
-1x ATR: 76.95
1x ATR: 84.55
1.5x ATR: 86.45
2x ATR: 88.35

Good luck

 

[isatrader]

Pat494 you were filled at the open price of 0.385 for Nextgen

Trade Details:
Nextgen (LSE:NGG)
Direction: Long
Entry: 0.385
Stop: 0.32
Target: 0.40

Percentage Risk: 20.31%
Target Gain: 3.90%

Risk Ratio: 0.19

Daily ATR(200): 0.0174 (4.52%)
Weekly ATR(52): 0.0402 (10.44%)

ATR Targets
-1x ATR: 0.3676
1x ATR: 0.4024
1.5x ATR: 0.4111
2x ATR: 0.4198

Good luck

 

[isatrader]

Wigtrade you were filled at the open price of 522.5 for ARM Holdings. Here's the details and targets:

Trade Details:
Arm Holdings (LSE:ARM)
Direction: Short
Entry: 522.50
Stop: 550.00
Target: 490.74

Percentage Risk: 5.26%
Target Gain: 6.47%

Risk Ratio: 1.23

Daily ATR(200): 15.88 (3.04%)
Weekly ATR(52): 37.05 (7.09%)

ATR Targets
-1x ATR: 538.38
1x ATR: 506.62
1.5x ATR: 498.68
2x ATR: 490.74

Good luck