One Trade a Week

[isatrader]

enter.

DAX seems to have support at 7280 area.

Morning Slip, looks like a good call on this. Your open time was 8.18am on the thread so I have your open price as 7283.33

Trade Details:
DAX Index (DBI DAX)
Direction: Long
Entry: 7283.33
Stop: 7180
Target: 7400

Percentage Risk: 1.44% (-1.11% ATR Adjusted)
Target Gain: 1.60% (1.25% ATR Adjusted)

Risk Ratio: 1.11

Daily ATR(200): 93.06 (1.28%)
Weekly ATR(52): 246.27 (3.38%)

ATR Targets
-1x ATR: 7190.27
1x ATR: 7376.39
1.5x ATR: 7422.92
2x ATR: 7469.45

Good luck

 

[isatrader]

Morning wig, your limit order for TSCO.L was filled at 398. Here's the full trade details:

Trade Details:
Tesco (LSE:TSCO)
Direction: Long
Entry: 398
Stop: 388
Target: 423

Percentage Risk: 2.58% (-1.51% ATR Adjusted)
Target Gain: 6.28% (3.78% ATR Adjusted)

Risk Ratio: 2.44

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

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

Good luck

 

[SlipperyC]

stop to 7285

target to 7420

not taking another loser!

 

[isatrader]

Pat your market order for Qinetiq was filled at the open at 119.4

Here's the full trade details:

Trade Details:
Qinetiq (LSE:QQ.)
Direction: Long
Entry: 119.4
Stop: 115
Target: 126

Percentage Risk: 3.83% (-1.37% ATR Adjusted)
Target Gain: 5.53% (2.05% ATR Adjusted)

Risk Ratio: 1.44

Daily ATR(200): 3.22 (2.70%)
Weekly ATR(52): 7.76 (6.50%)

ATR Targets
-1x ATR: 116.18
1x ATR: 122.62
1.5x ATR: 124.23
2x ATR: 125.84

Good luck

 

[isatrader]

stop to 7285

target to 7420

not taking another loser!

Ok no worries, I've updated for you.

 

[isatrader]

FTSE 350 Sector Matrix

I thought I'd share this with the stock traders in the group as it's relevant for the thread. I've been working on a relative strength FTSE 350 sector matrix using point and figure metrics for gauging long and short term moves in each sector. Each one gets a buy or a sell score of 1 or 0 depending on the current signal and then I add them up to get an overall score out of 6 for each sector.

My hope with this is to keep it updated at least once a month as it takes many hours to do, so every week might be a stretch, but then I'll be able to see the changing scores for what sectors to look at in the long and short term.

I've only included the sectors that are tradable via spread betting or CFDs, and I found that IG do the most of which all 33 are shown.

Let me know if you have any questions.

 

[isatrader]

Moving stop for GBPUSD to 1.65560

 

[SlipperyC]

Stop to 7320 please.

 

[isatrader]

Stop to 7320 please.

done (0.39% ATR Adjusted locked in)

 

[isatrader]

Positions Update

Here's the positions update for today. A great start for wigtrade

 

[isatrader]

Stop loss to 1.6501 for GBPUSD

Edit: I've added a manual 30 minute P&F chart of GBP/USD that I did as I wanted to see where the best place for my stop was, and basically after bouncing at support today it looks like it could break higher again if it goes above 1.6500, so I'm setting a tight stop to get out around break even if that happens.

 

[isatrader]

My stop loss was hit at 1.6501, so a very small loss on this. Here's the closing details:

Closing Trade

GBPUSD (FX:GBPUSD)
Direction: Short
Entry: 1.64985
Exit: 1.6501

Percentage Loss: -0.02%
ATR Adjusted Percentage Gain: -0.02%

Trade Grade: D

I think the stop loss move was the right thing to do as the Pound trend is up and it has gone to a short term buy signal again on my P&F chart. So am tempted to reverse my trade and get in here. But I think I'll watch this one.

 

[SlipperyC]

Stop to 7340 please,

target to 7400.

Think it will go higher (7500?) but don't want to get greedy.

 

[isatrader]

Stop to 7340 please,

target to 7400.

Think it will go higher (7500?) but don't want to get greedy.

Ok, that's 0.61% ATR Adjusted locked in and potential of 1.25% ATR Adjusted if you hit target.

 

[SlipperyC]

Ooh! Target hit!!

 

[isatrader]

Well done Slip, your 7400 target on the DAX was hit at 11.01am

Closing Trade

DAX Index (DBI DAX)
Direction: Long
Entry: 7283.33
Exit: 7400

Points Gain: 116.67

ATR Adjusted Percentage Gain: 1.25%

Trade Grade: B

Nice trade. A good entry yesterday and well managed

 

[isatrader]

dmt257 your limit order was triggered and you are long the GBPUSD

Trade Details:
GBPUSD (FX:GBPUSD)
Direction: Long
Entry: 1.6557
Stop: 1.644
Target: 1.675

Percentage Risk: 0.71% (-1.05% ATR Adjusted)
Target Gain: 1.17% (1.74% ATR Adjusted)

Risk Ratio: 1.64

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

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

Good luck

 

[isatrader]

Pat unfortunately your stop loss on QQ.L of 115 was been hit at 12.38pm. Here's the closing trade details:

Closing Trade

Qinetiq (LSE:QQ.)
Direction: Long
Entry: 119.4
Exit: 115

Percentage loss: -3.69%

ATR Adjusted Percentage loss: -1.37%

Trade Grade: F

 

[isatrader]

Positions Update

Attached is the positions update spreadsheet for today. SlipperyC takes the lead with his closed DAX trade.

 

[SlipperyC]

Sweet! :clap:

Damn fate - gimme my mojo back!