One Trade a Week

[SlipperyC]

oh, Hello Mr Black Swan. Thanks for calling by today, last week would have been better for me though!

 

[isatrader]

Looks like the downgrade has hit me as well. My stop loss has been hit at 249.9 for HOIL.L

Here's the closing details:

Closing Trade

Heritage Oil (LSE:HOIL)
Direction: Long
Entry: 261.9
Exit: 249.9

Percentage Loss: -4.58%
ATR Adjusted Percentage Gain: -0.84%

Trade Grade: E

Annoying that this S&P news happened on the day I increased my position size. But predictable

 

[isatrader]

wigtrade your order to go short PFC.L at 1480 has been filled.

Trade Details:
Petrofac (LSEFC)
Direction: Short
Entry: 1480
Stop: 1560
Target: 1300

Percentage Risk: 5.41% (-2.09% ATR Adjusted)
Target Gain: 13.85% (5.66% ATR Adjusted)

Risk Ratio: 2.56

Daily ATR(200): 36.23 (2.45%)
Weekly ATR(52): 90.96 (6.15%)

ATR Targets
-1x ATR: 1516.23
1x ATR: 1443.77
1.5x ATR: 1425.66
2x ATR: 1407.54

Good Luck

 

[isatrader]

Positions Update

Here's the positions update for today. Pat takes the early lead with his short in Talk Talk.

 

[Pat494]

Talk talk
SL 139
TP 135

please

 

[isatrader]

Sorry Mike, your crude trade has been stopped out at 106.30. Here's the closing details:

Closing Trade

Crude Oil (CL June Contract)
Direction: Long
Entry: 109.6
Exit: 106.3

Percentage Loss: -3.01%
ATR Adjusted Percentage Loss: -1.43%

Trade Grade: F

It's been a tough week so far. Pat still leads with his Talk Talk short.

 

[isatrader]

Talk talk
SL 139
TP 135

please

No worries, I've updated for you. That locks in a 0.71% ATR adjusted gain

 

[TradeTheEasyWay]

That oil may reverse here too, oh well.

Mike

 

[isatrader]

Pat your stop loss at 139 for Talk Talk was hit this afternoon. Here's your closing trade details:

Closing Trade

Talk Talk (LSE:TALK)
Direction: Short
Entry: 141.7
Exit: 139

Percentage Gain: 1.94%
ATR Adjusted Percentage Gain: 0.71%

Trade Grade: C

Well done Pat, good to see a winner on the list after a volatile start to the week

 

[isatrader]

Positions Update

Below is the positions update spreadsheet for today. Pat leads and wig is the only position still open with two days left to trade this week.

 

[Pat494]

It's between you and me wig

 

[wigtrade]

Bring it!!

 

[SlipperyC]

lol!

Now of course, the bloody DAX is going to 7300+ this week!

 

[SlipperyC]

hmmm .... or maybe even today!

 

[isatrader]

Positions Update

Positions Update for today. Wig you need to get a close below 1454 to beat Pat tomorrow if my calculations are correct.

 

[A_fr]

Sorry isa, forgot to give you my stock for the week, think its still possible to do so today? if so, Short SYMX for the last two days with a target @ 3.50, actually put in a limit @3.5. I see trading is not looking very good for the others this week hopefully this short works out. Thanks. A.

 

[isatrader]

Sorry isa, forgot to give you my stock for the week, think its still possible to do so today? if so, Short SYMX for the last two days with a target @ 3.50, actually put in a limit @3.5. I see trading is not looking very good for the others this week hopefully this short works out. Thanks. A.

No, sorry A_fr the rules are you have to put your pick in by midnight British Standard Time on Sunday night. So you can submit your pick for the following week anytime over the weekend but not during the week unfortunately.

 

[isatrader]

Week 12 Results

Well done to Pat494 for his second win this quarter for his short this week in Talk Talk . Below are this weeks results

Week 12 Results

Name_________ATR Adjusted Percentage
Pat494____________0.71%
isatrader__________-0.84%
wigtrader__________-1.02%
TradeTheEasyWay___-1.43%
SlipperyC__________-1.43%

 

[isatrader]

Q2 League Table

Pats second win this quarter means he takes the lead in the overall competition. Keep up the good work.

Q2 League Table

Name_________ATR Adjusted Percentage
Pat494____________2.31%
dmt257___________1.68%
A_fr______________-0.04%
isatrader__________-0.73%
Canto1922_________-1.05%
TradeTheEasyWay___-1.46%
SlipperyC__________-1.60%
wigtrade___________-2.40%

Name_________Performance Points
Pat494_____________2
dmt257____________1

Don't forget to get you picks in as usual over the weekend. UK stock traders will have an extra day for their picks due to the bank holiday on Monday.

 

[Naz]

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.

I'm sorry that I hadn't read the details of the thread. However Leaveraged silver that I mentioned (LSIL) just ran 30% in 2 weeks since my post. Thats why I mentioned it.

Good luck with your thread.