One Trade a Week

[isatrader]

GBP/AUD
Short
Entry 154.35
S/l 155.55
T/p 152.20

Thanks dmt257, I think if you look around Trade2Win you'll see that it's the stock traders that are in the minority.

Here are your ATR targets:

ATR (200 Day): 0.0138 (0.89%)
ATR (52 Week): 0.0479 (3.10%)

ATR Targets
-1x ATR: 1.5573
1x ATR: 1.5297
1.5x ATR: 1.5228
2x ATR: 1.5159

Good luck

 

[isatrader]

FRES (Fresnillo) - Buy
Long at 1650
Stop 1580
Target 1720

Thanks Canto1922. Here are your ATR targets for Fresnillo:

ATR (200 Day): 47.47 (2.88%)
ATR (52 Week): 105.44 (6.39%)

ATR Targets
-1x ATR: 1602.53
1x ATR: 1697.47
1.5x ATR: 1721.21
2x ATR: 1744.94

FRES.L is one of my favourite stocks and in the same sector as my pick this week. So I hope it does well for you :innocent:

 

[isatrader]

I think im missing something here, as Im the only one trading exclusively Fx it seems. I just took a look at the CFD list that my broker offers, its a little bit daunting, there is so many. I guess thats where the scanning software comes into play. A bit further into this trading lark I will have a closer look.

I've only been trading for 4 years myself, but I got some good advice when I started which was to focus on single area that interested me and learn it well. So for me it was Gold, Silver, Nickel and a few other commodities and I spent the first 2 years trading mostly those. It's only recently that I've moved my focus to stocks and I'm trying to limit that to just the FTSE 350 which is huge compared to the small list of commodities I used to look at. So as forex is your thing, maybe limit the amount of pairs you trade and focus on finding your edge so that you can be profitable over the long term.

 

[wigtrade]

Agree nothing wrong with sticking to what you're good at. If fx gives you what you're looking for why go elsewhere? I reckon ultimately I'll end up trading a handful of US/UK stocks and the major fx pairs. Compared to what I was looking at a couple of years ago when I was scanning through UK Europe, US, Australia, FX, Commodities you name it

If you're already focussed on one thing, I'd say you've done well to cut out a wasted year or two of grail chasing! stick to what you know!
good luck
cheers
Wig

 

[SlipperyC]

Broken clock time again! ;-)

My pick this week;

DAX LIMIT SHORT from 7200
Stop: 7270
Target: 6880

After repeatedly hitting resistance at the 7220 area I think the DAX will retreat firstly to the 7000 area, bounce unsuccessfully then drop to an uptrend line around 6880.

 

[isatrader]

Broken clock time again! ;-)

My pick this week;

DAX LIMIT SHORT from 7200
Stop: 7270
Target: 6880

After repeatedly hitting resistance at the 7220 area I think the DAX will retreat firstly to the 7000 area, bounce unsuccessfully then drop to an uptrend line around 6880.

Thanks SlipperyC, here are your ATR targets:

ATR (200 Day): 92.58 (1.29%)
ATR (52 Week): 242.43 (3.37%)

ATR Targets
-1x ATR: 7292.58
1x ATR: 7107.42
1.5x ATR: 7061.13
2x ATR: 7014.84

Good luck

There's still an hour to go if anyone else wants to join in this week.

 

[Naz]

I trade stocks, indices, Gold, Silver, oil and anything else that moves in every time frame.
At the moment I'm just trading leveraged silver rather than silver stocks because I find its moves cleaner and better. Its last swing from the end of Jan to present time (approx 10 weeks) went from $45-$100 in a measured move.

Personally I'd forget any ATR targets and ride the silver wave using the instrument that you find best.

 

[isatrader]

I trade stocks, indices, Gold, Silver, oil and anything else that moves in every time frame.
At the moment I'm just trading leveraged silver rather than silver stocks because I find its moves cleaner and better. Its last swing from the end of Jan to present time (approx 10 weeks) went from $45-$100 in a measured move.

Personally I'd forget any ATR targets and ride the silver wave using the instrument that you find best.

Thanks for the comments Naz, and although they have merit for a medium term swing position, they are out of context in a short term competition thread with a one week time limit. See the opening post for details of what the thread is about.

 

[isatrader]

Ok, as everyone is in from last week I'm going to post the trades list early and I can always edit it if there's any late entries.

A good mix this week again, with 1 forex, 4 stocks, 1 Index and 1 commodity. Below are the picks.

Week 11 Picks

TradeTheEasyWay
Soybeans (SK11 May Contract)
Direction: Long
Limit order: 1385
Stop: 1359
Target: 1460

Pat494
Kesa Electricals (LSE:KESA)
Direction: Long
Market order: Will be filled at the open on Monday
Stop: 100
Target: 120

isatrader
Hochschild Mining (LSE:HOC)
Direction: Long
Warehoused order: Manual entry during the week, will reassess if it breaks below 610 support
Stop: 606 (provisional)
Target: 704.55 (provisional)

wigtrade
EasyJet (LSE:EZJ)
Direction: Short
Limit order: 319
Stop: 340
Target: 270

dmt257
GBPAUD (FX:GBPAUD)
Direction: Short
Limit: 1.5435
Stop: 1.5555
Target: 1.5220

Canto1922
Fresnillo (LSE:FRES)
Direction: Long
Limit order: 1650
Stop: 1580
Target: 1720

SlipperyC
DAX Index (DBI DAX)
Direction: Short
Limit order: 7200
Stop: 7270
Target: 6880

Good luck everyone, and as always let me know if you need any changes to stops or targets.

Below is the trades spreadsheet

 

[A_fr]

Hey guys, new to the forum, not to trading. AMMD Long Market. Gd luck to all this week. A.

 

[isatrader]

Hey guys, new to the forum, not to trading. AMMD Long Market. Gd luck to all this week. A.

Hi A_fr, I have AMMD as American Medical Systems Holdings. Is that correct? If so, here are you initial ATR targets based on Fridays close of 22.33

ATR (200 Day): 0.49 (2.19%)
ATR (52 Week): 1.22 (5.46%)

ATR Targets
-1x ATR: 21.84
1x ATR: 22.82
1.5x ATR: 23.07
2x ATR: 23.31

Good luck

 

[isatrader]

enter

 

[isatrader]

enter

Ok so my entry time on the thread was 8.15am GMT, which is 9.15am BST, so here is the entry details:

Trade Details:
Hochschild Mining (LSE:HOC)
Direction: Long
Entry: 624.5
Stop: 599
Target: 680

Percentage Risk: 4.26% (-1.17% ATR Adjusted)
Target Gain: 8.89% (2.54% ATR Adjusted)

Risk Ratio: 2.09

Daily ATR(200): 21.82 (3.49%)
Weekly ATR(52): 47.2 (7.56%)

ATR Targets
-1x ATR: 602.68
1x ATR: 646.32
1.5x ATR: 657.23
2x ATR: 668.14

Below is the 30 minute charts

 

[Canto1922]

Isa - was wondering why you moved from trading commodities to the FTSE 350? As you say, it's a far bigger market to work in & surely rather more time consuming to pin down profitable trades.

 

[isatrader]

Pat494, you were filled at the open price of 111.6 for KESA.L. Here are the trade details:

Trade Details:
Kesa Electricals (LSE:KESA)
Direction: Long
Entry: 111.6
Stop: 100
Target: 120

Percentage Risk: 11.60% (-2.81% ATR Adjusted)
Target Gain: 7.53% (2.03% ATR Adjusted)

Risk Ratio: 0.65

Daily ATR(200): 4.13 (3.70%)
Weekly ATR(52): 10.05 (9.01%)

ATR Targets
-1x ATR: 107.47
1x ATR: 115.73
1.5x ATR: 117.80
2x ATR: 119.86

Good Luck

 

[isatrader]

Isa - was wondering why you moved from trading commodities to the FTSE 350? As you say, it's a far bigger market to work in & surely rather more time consuming to pin down profitable trades.

I still trade commodities, but in my long term account only at the moment as I'm not adequately capitalised to trade them short term as they require much more money. So I buy physical ETFs if I can outright in my ISA and hold them for anything from a few months to years.

I unfortunately sold out of my silver positions last year before the parabolic move, but I still had some good profits out of it as traded it on and off from 2007 to 2010. I'm still in my oil position but the contango on the ETF is large so it's not performing very well considering the recent move and I have a large position for me in Nickel which has done very well for me and I intend to hold for years.

Addition:
Sorry I didn't answer your question fully as was trying to sort out the opening trades. The FTSE 350 is a vast market compared to commodities, but I wanted to learn to trade stocks as well as I'd bought them on and off in my ISA over the years and I'd found I can use the same technical methods I've been using but that I need to focus much more on the sector charts and the general market and then filter down to the individual stocks and their fundamentals and charts.

This group thread has pushed me on a bit I think, as it's given me some focus to develop a more methodical approach. It's even made me consider trying some forex trades as I've been watching Mike and Chilltraders trades and think I'm starting to understand their methods a bit. The major difference I've noticed is that currencies seem much more range bound in the short term with quick breakouts so they need a different approach to stocks.

 

[isatrader]

SlipperyC your limit order was filled at 8.30am at 7200 for the DAX. Here's the trade details:

Trade Details:
DAX Index (DBI DAX)
Direction: Short
Entry: 7200
Stop: 7270
Target: 6880

Percentage Risk: 0.97% (-0.75% ATR Adjusted)
Target Gain: 4.65% (3.62% ATR Adjusted)

Risk Ratio: 4.78

Daily ATR(200): 92.58 (1.29%)
Weekly ATR(52): 242.43 (3.37%)

ATR Targets
-1x ATR: 7292.58
1x ATR: 7107.42
1.5x ATR: 7061.13
2x ATR: 7014.84

Good luck

 

[isatrader]

Canto1922 FRES.L gaped through your limit order of 1650 at the open and was filled at 1657. Here are you trade details:

Trade Details:
Fresnillo (LSE:FRES)
Direction: Long
Entry: 1657
Stop: 1580
Target: 1720

Percentage Risk: 4.87% (-1.62% ATR Adjusted)
Target Gain: 3.80% (1.33% ATR Adjusted)

Risk Ratio: 0.78

Daily ATR(200): 47.47 (2.86%)
Weekly ATR(52): 105.44 (6.36%)

ATR Targets
-1x ATR: 1609.53
1x ATR: 1704.47
1.5x ATR: 1728.21
2x ATR: 1751.94

Good luck

 

[isatrader]

dmt257 your limit order at 1.5435 for the GBPAUD was filled at 8.28am

Trade Details:
GBPAUD (FX:GBPAUD)
Direction: Short
Entry: 1.5435
Stop: 1.5555
Target: 1.5220

Percentage Risk: 0.78% (-0.86% ATR Adjusted)
Target Gain: 1.41% (1.58% ATR Adjusted)

Risk Ratio: 1.82

Daily ATR(200): 0.0138 (0.89%)
Weekly ATR(52): 0.0479 (3.10%)

ATR Targets
-1x ATR: 1.5573
1x ATR: 1.5297
1.5x ATR: 1.5228
2x ATR: 1.5159

Good luck

 

[isatrader]

Mike (TradeTheEasyWay) you are in soybeans. Your limit order of 1385 was filled around 9am (I can only see a 5 minute chart on the CME site). Here are your entry details:

Trade Details:
Soybeans May 11 Contract (SK11 May 11 Contract)
Direction: Long
Entry: 1385
Stop: 1359
Target: 1460

Percentage Risk: 1.91% (-0.55% ATR Adjusted)
Target Gain: 5.42% (1.58% ATR Adjusted)

Risk Ratio: 2.83

Daily ATR(200): 26.8194 (1.94%)
Weekly ATR(52): 54.774 (3.95%)

ATR Targets
-1x ATR: 1358.18
1x ATR: 1411.82
1.5x ATR: 1425.23
2x ATR: 1438.64

Good luck

Below is the chart. Times are CST so 6 hours behind UK.