One Trade a Week

[TraderJW]

I'm liking some of these trade ideas. After careful consideration I am going to choose:

Brent Crude Oil futures.
Direction: Short.

Entry at the first available opportunity around 115.90.
SL @ 118
Target price 113.00

Middle East tension is the obvious geopolitical risk here but so long as the unrest doesn't spread to Saudi Arabia supply concerns and a firmer dollar should take crude down.

Final answer. haha.

 

[isatrader]

I'm liking some of these trade ideas. After careful consideration I am going to choose:

Brent Crude Oil futures.
Direction: Short.

Entry at the first available opportunity around 115.90.
SL @ 118
Target price 113.00

Middle East tension is the obvious geopolitical risk here but so long as the unrest doesn't spread to Saudi Arabia supply concerns and a firmer dollar should take crude down.

Final answer. haha.

Ok thanks TraderJW. To confirm do you want to enter at the market price at midnight. It is currently around 116.01 on my SB account or do you want a limit order that's triggered if it drops to 115.90?

 

[TraderJW]

Yep whatever it's on by midnight will do me fine thanks. Good luck all.

 

[isatrader]

Brent Crude Oil futures.
Direction: Short.
Entry at the first available opportunity around 115.90.
SL @ 118
Target price 113.00

Ok, here's the new targets for you

ATR Targets

Daily ATR(200) = 1.153 (0.99%)
Weekly ATR(52) = 3.522 (3.04%)

-1x ATR: 117.16
1x ATR: 114.86
1.5x ATR: 114.28
2x ATR: 113.70

Good luck

 

[isatrader]

Week 9 Trades and Spreadsheet

The new trading week is about to start so here's this weeks selections. We have 2 forex, 4 stocks, 1 commodity and 1 index this week.

Week 9 Picks

isatrader
BG Group (LSE:BG.)
Direction: Long
Warehoused order: Manual entry during the week, will reassess if it breaks below 1520 support
Stop: 1459 (provisional)
Target: 1612 (provisional)

Pat494
Smith & Nephew (LSE:SN.)
Direction: Long
Market order: Will be filled at the open on Monday
Stop: 635.5
Target: 755.5

chilltrader
EURCAD (FX:EURCAD)
Direction: Long
Market order: Entered pre market, so will get the open price at midnight
Stop: 1.36600
Target: 1.39500

TradeTheEasyWay
AUDCAD (FX:AUDCAD)
Direction: Long
Limit order: 1.0015
Stop: 0.9897
Target: 1.02598

wigtrade
Prudential (LSERU)
Direction: Short
Limit order: 717
Stop: 737
Target: 680

Canto1922
Invensys (LSE:ISYS)
Direction: Long
Limit order: 355
Stop: 330
Target: 380

SlipperyC
DAX Index (DBI DAX)
Direction: Short
Limit order: 7002
Stop: 7215
Target: 6680

TraderJW
Brent Crude Oil (UK Crude Oil May 11 Spread)
Direction: Short
Market order: Will be filled at the open at midnight
Stop: 118
Target: 113

Hopefully that's correct as rushing a bit. Below is the spreadsheet version

 

[isatrader]

Am an hour early. Forgot about the clocks going forward today in the UK. Some markets are still on GMT time so haven't opened yet. Doh!

 

[isatrader]

TraderJW Brent gaped down a bit on the open so you were filled at the opening price of 115.67. Below is your trade details and targets.

Trade Details:
Brent Crude Oil (UK Crude Oil May 11 Spread)
Direction: Short
Entry: 115.67
Stop: 118
Target: 113

Percentage Risk: 2.01%
Target Gain: 2.36%

Risk Ratio: 1.17

Daily ATR(200): 1.153 (1.00%)
Weekly ATR(52): 3.522 (3.04%)

ATR Targets
-1x ATR: 116.82
1x ATR: 114.52
1.5x ATR: 113.94
2x ATR: 113.36

Good luck

Below is the 1 minute chart

 

[isatrader]

chilltrader you were filled at the 00:00 GMT open price of 1.3772

Trade Details:
EURCAD (FX:EURCAD)
Direction: Long
Entry: 1.3772
Stop: 1.3660
Target: 1.3950

Percentage Risk: 0.82%
Target Gain: 1.29%

Risk Ratio: 1.58

Daily ATR(200): 0.0114 (0.83%)
Weekly ATR(52): 0.0381 (2.77%)

ATR Targets
-1x ATR: 1.3658
1x ATR: 1.3886
1.5x ATR: 1.3943
2x ATR: 1.4000

Good luck

 

[isatrader]

enter

 

[isatrader]

enter

Ok, my entry time was 8.18am (GMT) on the thread, so 9.18am (BST). The closing price on the one minute bar was 1540.5

Trade Details:
BG Group (LSE:BG.)
Direction: Long
Entry: 1540.5
Stop: 1459
Target: 1630

Percentage Risk: 5.59%
Target Gain: 5.81%

Risk Ratio: 1.04

Daily ATR(200): 31.72 (2.06%)
Weekly ATR(52): 71.00 (4.61%)

ATR Targets
-1x ATR: 1508.78
1x ATR: 1572.22
1.5x ATR: 1588.08
2x ATR: 1603.94

 

[isatrader]

Pat494 your market order for SN.L was filled at the open price of 698

Trade Details:
Smith & Nephew (LSE:SN.)
Direction: Long
Entry: 698
Stop: 638
Target: 758

Percentage Risk: 9.40%
Target Gain: 8.60%

Risk Ratio: 0.91

Daily ATR(200): 13.65 (1.96%)
Weekly ATR(52): 33.00 (4.73%)

ATR Targets
-1x ATR: 684.35
1x ATR: 711.65
1.5x ATR: 718.48
2x ATR: 725.30

Good luck

 

[wigtrade]

I'm the only bear in the room then...

not that I'm paranoid or anything but come on theres got to be one more miserable git out there

 

[TraderJW]

Haha I'm sure there are plenty of bears out there but it's non farm payrolls week and awesome numbers are expected. Stock indices will probably climb in anticipation of Fridays event, plus last week was the best week in 2 months for US stocks.

 

[isatrader]

plus last week was the best week in 2 months for US stocks.

I normally see that as a sign that the market might consolidate a bit this week. I guess that's what makes a market.

 

[wigtrade]

yeah? well I normally see it as a great big FOR SALE sign

I jest of course, got to be honest though, I've always had more success fading the good news as the market realises, "meh is that it?" and sells off

Plus I'm loaded up to the bull side already so a bear is just the ticket!
cheers
Wig

 

[isatrader]

Mike AUD/CAD has hit your limit order of 1.0015, so here is your full trade details:

Trade Details:
AUDCAD (FX:AUDCAD)
Direction: Long
Entry: 1.0015
Stop: 0.9897
Target: 1.02598

Percentage Risk: 1.19%
Target Gain: 2.44%

Risk Ratio: 2.05

Daily ATR(200): 0.0081 (0.81%)
Weekly ATR(52): 0.0224 (2.24%)

ATR Targets
-1x ATR: 0.9934
1x ATR: 1.0096
1.5x ATR: 1.0137
2x ATR: 1.0177

 

[Pat494]

Hi David,

Perhaps you could find the average R:R of winners and losers. There may be some interesting facts lurking in the statistics ?

 

[isatrader]

Hi David,

Perhaps you could find the average R:R of winners and losers. There may be some interesting facts lurking in the statistics ?

I could do. I've been keeping a sharp ratio for the people that have done it since week 1 to see what the risk adjusted return is of the traders. So I can send you yours if you'd like?

 

[isatrader]

Positions Update

Here's the current positions spreadsheet, as of around 9pm tonight.

 

[isatrader]

Some interesting stats as requested.

Average Win: 0.87%
Average Loss: 1.16%
Win/Loss Ratio: 0.75

Total Winning Trades: 30 (60%)
Total Breakeven Trades: 4 (8%)
Total Losing Trades: 16 (32%)

Also remember that all these trades don't include the spread of the particular product.

Thoughts?