One Trade a Week

[isatrader]

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.

Thanks Naz, it has been a good move in silver, so good call on that. Feel free to join in the competition if you want to do any shorter term trades in the one week time frame we play in. Rules can be found in the first post, but everyone's welcome to join in.

 

[Pat494]

market
Qinetiq QQ.L
long
TP 126
SL 115

Reason why

QinetiQ Group plc, a research and technology organization, provides technical advice to customers in the aerospace, defense, and security markets primarily in the United Kingdom, North America, and Australia. The company’s products include commercial off-the-shelf and agency-specified products for command, control, communications, computers, intelligence, surveillance, and reconnaissance applications; commercial products; logistics and maintenance products; security products; software applications; products for survivability; and unmanned vehicles for first responders, police and homeland security, ground forces, intelligence and communication, medical and dental, military aviation, ordnance disposal and detection, special forces, supply, transport and logistics, and surface and underwater warfare applications. It also offers Agile C2 to plan and manage joint air operations; OptaSense to detect, classify, and locate threats; Tarsier that support airport operations with runway inspections; AWARD Software to support strategic business applications; Paramarine, an integrated computer aided design and engineering tool for commercial ship, warship, and submarine design; The Portal, a distributed simulation network; and Cassandra to identify, record, and manage hazardous risks. In addition, the company provides Q20 HD GPS, a GPS module for munitions guidance and tracking; Vision 600, a sidescan sonar; FootSee for measuring feet; SPO-20, a standoff security screening; X-Net, which brings moving vehicles to a controlled stop; Ocellus S100 for surveillance and tracking applications; StableEyes that reduces camera shake; Zephyr, a solar-powered aircraft; Ocellus T100 for logistics and fleet management, and other monitoring applications; and Talon for explosive ordnance disposal and reconnaissance. It serves government organizations, defense departments, intelligence services, and security agencies. The company is based in Farnborough, the United Kingdom.

 

[isatrader]

market
Qinetiq QQ.L
long
TP 126
SL 115

Thanks Pat, Here's your ATR targets based on Fridays close of 119.10 for Qinetiq

ATR Targets

Daily ATR(200) = 3.22 (2.70%)
Weekly ATR(52) = 7.76 (6.52%)

-1x ATR: 115.88
1x ATR: 122.32
1.5x ATR: 123.93
2x ATR: 125.54

Good luck

 

[isatrader]

Don't forget as it's a bank holiday here in the UK tomorrow that the UK stocks won't be trading. I'm not sure about forex and US products but I imagine they will be trading, but everyone can have an extra day to make their picks as I'm enjoying some time off over the bank holiday weekend.

 

[TradeTheEasyWay]

US is open as normal.

My trade this week:

Beans - July contract
entry: 1381
stop: 1361
target: 1449

markets very resilient here.

Mike

 

[isatrader]

Thanks Mike, here's your ATR targets

ATR Targets

Daily ATR(200) = 27.12 (1.96%)
Weekly ATR(52) = 55.94 (4.05%)

-1x ATR: 1353.88
1x ATR: 1408.12
1.5x ATR: 1421.68
2x ATR: 1435.24

I've attached a long term P&F chart as well. Good luck

 

[Pat494]

US is open as normal.

My trade this week:

Beans - July contract
entry: 1381
stop: 1361
target: 1449

markets very resilient here.

Mike

Will it or wont it get through the 1424 resistance level ?

 

[SlipperyC]

Thank God for bank holiday weekends! Thought I'd missed my entry - was out and about enjoying the weather.

Anyway, my trade is;

LIMIT BUY DAX

Entry; 7260
Stop; 7180
Target; 7400+

Reason;
Trend appears to be up, Feb 2011 highs are not too far away so the DAX might have a go at them.

Will this be the kiss of death again?

 

[isatrader]

Thank God for bank holiday weekends! Thought I'd missed my entry - was out and about enjoying the weather.

Anyway, my trade is;

LIMIT BUY DAX

Entry; 7260
Stop; 7180
Target; 7400+

Reason;
Trend appears to be up, Feb 2011 highs are not too far away so the DAX might have a go at them.

Will this be the kiss of death again?

Maybe, but you have the advantage with the DAX that it would have washed out a lot of the stops with the March collapse whereas the S&P 500 only dropped to it's 100 day EMA. So it should in theory have less weak holders??

Anyway here's your ATR targets for the DAX

ATR Targets

Daily ATR(200) = 93.06 (1.28%)
Weekly ATR(52) = 246.27 (3.39%)

-1x ATR: 7166.94
1x ATR: 7353.06
1.5x ATR: 7399.59
2x ATR: 7446.12

Good luck

 

[isatrader]

Mike you are in the Soybeans July Contract at your limit price of 1381. Here's you full trade details:

Trade Details:
Soybeans (ZS NI / Soybeans July Contract)
Direction: Long
Entry: 1381
Stop: 1361
Target: 1449

Percentage Risk: 1.47% (-0.74% ATR Adjusted)
Target Gain: 4.92% (2.51% ATR Adjusted)

Risk Ratio: 3.35

Daily ATR(200): 27.12 (1.96%)
Weekly ATR(52): 55.94 (4.05%)

ATR Targets
-1x ATR: 1353.88
1x ATR: 1408.12
1.5x ATR: 1421.68
2x ATR: 1435.24

Good Luck

 

[isatrader]

Don't forget you can still get your picks in for this weeks game tonight. I'm struggling a bit to find mine today, but I have one possible now but I'm going to look for a bit more yet before deciding.

 

[dmt257]

Im struggling to find anything this week too.

I will go long the GBP/USD.

Entry- 1.65570
S/l- 1.64400
T/p- 1.67500

Reasoning- Likely have some 'good' GDP data from the Uk. Broken through some trendlines and the 1.65 BRN.

Good luck everyone.

 

[isatrader]

Im struggling to find anything this week too.

I will go long the GBP/USD.

Entry- 1.65570
S/l- 1.64400
T/p- 1.67500

Reasoning- Likely have some 'good' GDP data from the Uk. Broken through some trendlines and the 1.65 BRN.

Good luck everyone.

Thanks dmt, here's your targets:

ATR Targets

Daily ATR(200) = 0.0111 (0.67%)
Weekly ATR(52) = 0.0337 (2.04%)

-1x ATR: 1.6446
1x ATR: 1.6668
1.5x ATR: 1.6724
2x ATR: 1.6779

Good luck

 

[isatrader]

GBPUSD (FX:GBPUSD)

Order Type: Warehoused

Direction: Short

Warehoused Entry: Will manually enter

Initial Stop loss: 1.6611
Initial Target: 1.6334

ATR (200 Day): 0.0111 (0.67%)
ATR (52 Week): 0.0337 (2.04%)

ATR Targets: - Based on estimate entry point of 1.65
-1x ATR: 1.6611
1x ATR: 1.6389
1.5x ATR: 1.6334
2x ATR: 1.6278

Entry Reason
Although the trend is up the GBPUSD hit the 3ATR level on the 21/4/11. This has been a turning point on numerous occasions in the short term over the last year as the pound has stretched beyond it's normal range. This is my first forex trade, so we'll see how I go.

Attached is my 30 minute point and figure chart and the candlestick chart

 

[wigtrade]

TSCO (Tesco) - BUY

Long 398 (limit)
Stop 388
Target 423

Nice bottoming pattern forming on TSCO since mid january. Recent price action giving another long entry opportunity at second shoulder of inverted h&s type setup.

Good luck all!
cheers
Wig

 

[isatrader]

TSCO (Tesco) - BUY

Long 398 (limit)
Stop 388
Target 423

Nice bottoming pattern forming on TSCO since mid january. Recent price action giving another long entry opportunity at second shoulder of inverted h&s type setup.

Good luck all!
cheers
Wig

Thanks wig, here's your targets:

ATR Targets

Daily ATR(200) = 6.61 (1.66%)
Weekly ATR(52) = 16.45 (4.13%)

-1x ATR: 391.39
1x ATR: 404.61
1.5x ATR: 407.92
2x ATR: 411.22

Good luck

 

[isatrader]

enter short gbpusd

 

[isatrader]

Ok my entry time was 12.23am on the thread, so the closing price on ADVFN was 1.64985 for GBPUSD. Here's the full trade details

Trade Details:
GBPUSD (FX:GBPUSD)
Direction: Short
Entry: 1.64985
Stop: 1.6613
Target: 1.6332

Percentage Risk: 0.69% (-1.02% ATR Adjusted)
Target Gain: 1.02% (1.52% ATR Adjusted)

Risk Ratio: 1.47

Daily ATR(200): 0.0111 (0.67%)
Weekly ATR(52): 0.0337 (2.04%)

ATR Targets
-1x ATR: 1.6610
1x ATR: 1.6388
1.5x ATR: 1.6332
2x ATR: 1.6277

There's resistance at 164.2, so I'll expect it to meet some support there if it it moves down from here.

 

[isatrader]

Week 13 Trades Spreadsheet

All the picks are in now so here's the trades spreadsheet. Mikes soybeans trade have made a good start.

 

[SlipperyC]

enter.

DAX seems to have support at 7280 area.