One Trade a Week

[isatrader]

Positions Update

Here's the positions update for this weeks trades so far. The market gaped higher on the open although it says the open price was 1281.65 for the S&P 500, but the futures were 15 points higher on the open from Friday, so I'm not sure why there wasn't a big gap?? The market has basically drifted lower since the 1st hour of the US session so the daily candle should look very different. More like Fridays one, but with a big gap between it and Fridays bar. I'm vexed as to why this happened. Manipulation maybe to make the price action appear more bullish than it is, who knows?? Anyway enough ranting, below is today's update.

 

[TradeTheEasyWay]

Hi traders. Some very interesting trades this week. I'm going to scratch mine. The usd has broken a major level so I'm not going to hang around.

NGG looks like a nice bull flag. Look forward to seeing if that works out.

Gold gapped up 3 days in a row but OIL put in a reversal bar at resistance - could go either way here.

Good luck everyone,

Mike

 

[isatrader]

Ok thanks for letting me know Mike, I'll put down your trade as scratched. Oil is a hard one to call. I've started using intraday 30 and 60 minute point and figure charts the last few weeks and am finding them invaluable for my style of trading. From those charts todays action made a double top buy signal and has pulled back, but it is still on a buy signal, so I'm staying in until the signal is invalidated or my stop is hit.

 

[isatrader]

I might be too early with this but I'm going to move my stop to break even as oil has had a 1.85% ATR adjusted move today from the low to the high so far, so currently I'm around 0.75% up from my entry on monday and my breakeven point is below this afternoons consolidation levels. So I'm going to take my risk off and see if it can reach my target at 108 in the next few days.

 

[isatrader]

Positions Update

Hi everyone, attached is the positions update for this week so far. Open positions are highlighted in red.

 

[SlipperyC]

Enter

stop: 6585
target: 7000

 

[SlipperyC]

Stop to 6750. I think my entry was around the 6740 area. Not going to lose this week!!

 

[SlipperyC]

go DAX!!!

Beautiful entry!

 

[isatrader]

Enter

Thanks SlipC. The entry time was 9.20am so I have that as 6735.65. Here's your full trade details and targets:

Trade Details:
DAX (DBI DAX)
Direction: Long
Entry: 6735.65
Stop: 6750
Target: 7000

Percentage Risk: -0.21%
Target Gain: 3.92%

Daily ATR(200): 93.9 (1.39%)
Weekly ATR(52): 237.19 (3.52%)

ATR Targets
-1x ATR: 6641.75
1x ATR: 6829.55
1.5x ATR: 6876.5
2x ATR: 6923.45

Good luck

 

[SlipperyC]

stop to 6770 please.

 

[isatrader]

stop to 6770 please.

No worries, I will update for you

 

[wigtrade]

Lovely trade slipc!

Stop to 522.5 please isa
thanks

 

[isatrader]

Lovely trade slipc!

Stop to 522.5 please isa
thanks

Ok, I'll update it for you wig

 

[SlipperyC]

Cheers wig.

Happier still because I traded it in one of my sb acc's!!

 

[SlipperyC]

Oops! Out again.

Had a feeling I should have either (a) closed at 6800 or (b) left the stop loose!

Oh well, at least its a winner this time.

 

[isatrader]

Oops! Out again.

Had a feeling I should have either (a) closed at 6800 or (b) left the stop loose!

Oh well, at least its a winner this time.

Hi SlipperyC, as you mentioned you are out at your stop of 6770. Below is the closing trade details:

Closing Trade

DAX Index (DBI DAX)
Direction: Long

Entry: 6735.65
Exit: 6770

Points Gain: 34.35

ATR Adjusted Percentage Gain: 0.37%

Well done SlipC, it is hard to trade a different method than you are used to, but practice makes perfect. Make some small adjustments and the bigger moves will come.

 

[isatrader]

Looks like my oil trade's got some legs yet. Day traders have spotted the pin bar on the one hour chart from 3-4pm and is breaking higher again.

 

[isatrader]

Account Update

Here's the updated positions for today roughly around 5ish, give or take 20 mins or so.

 

[tar]

Enter

 

[isatrader]

Enter

Thanks tar. Your entry time was 5.51pm, so the price I have for that is 80.80 so therefore:

Trade Details:
USDJPY (FX:USDJPY)
Direction: Short
Entry: 80.80
Stop: 83.30
Target: 78.30

Percentage Risk: 3.09%
Target Gain: 3.19%

Risk Ratio: 1.03

Daily ATR(200): 0.6643 (0.82%)
Weekly ATR(52): 2.0971 (2.60%)

ATR Targets
-1x ATR: 81.46
1x ATR: 80.14
1.5x ATR: 79.80
2x ATR: 79.47

Good luck