One Trade a Week

[isatrader]

Hi CityTrader90. Your limit was just hit for USDCAD at 0.9664, so here are your full trade details:

Trade Details:
USDCAD (FX:USDCAD)
Direction: Short
Entry: 0.9664
Stop: 0.972
Target: 0.937

Percentage Risk: 0.58% (-0.81% ATR Adjusted)
Target Gain: 3.14% (4.39% ATR Adjusted)

Risk Ratio: 5.41

Daily ATR(200): 0.0069 (0.71%)
Weekly ATR(52): 0.0223 (2.31%)

ATR Targets
-1x ATR: 0.9733
1x ATR: 0.9595
1.5x ATR: 0.9561
2x ATR: 0.9526

Good luck

 

[SlipperyC]

Looks like Mike's Silver trade is going to win this week - good choice.

Must admit I was tempted by it but have vowed to stick with the DAX for this weekly competition.

 

[isatrader]

Looks like Mike's Silver trade is going to win this week - good choice.

Must admit I was tempted by it but have vowed to stick with the DAX for this weekly competition.

Maybe, maybe not. It's only Monday after all

 

[isatrader]

Positions Update

Attached is the positions update for today. TradeTheEasyWay takes the early lead with silver.

 

[isatrader]

I'm going to change my warehoused order for Palladium to a limit order around the 30 week MA.

Palladium
Sell Limit @ 750

 

[tradeAweek]

AUDUSD - So far going per script.


Here's my outlook on the daily and weekly charts for this pair.

 

[isatrader]

AUDUSD - So far going per script.
Here's my outlook on the daily and weekly charts for this pair.

I only have it reaching a high of 1.0814 today on ADVFN, so it was 6 pips short of reaching your limit order of 1.0820 so you're are still not in this yet.

Did it reach your limit on your platform?

 

[tradeAweek]

@isatrader - My order has not filled yet. I expect it to fill tonight.

 

[SlipperyC]

Stop to 7440 please isa.

Going to maintain my winning streak!

 

[isatrader]

Stop to 7440 please isa.

Going to maintain my winning streak!

No worries Slip. I've updated for you. That's 0.12% ATR adjusted locked in.

My pick from last week BT is finally moving up a bit today like I hoped it would last week. I'm still in it in my personal account as it didn't breach my stop last week, so hopefully it can breakout higher on some good volume now.

 

[isatrader]

Pat your target for ITV of 73.5 was hit at 9.04am. Here's the closing trade details:

Closing Trade

ITV (LSE:ITV)
Direction: Short
Entry: 75.15
Exit: 73.5

Percentage Gain: 2.24%

ATR Adjusted Percentage Gain: 0.77%

Trade Grade: C

Well done Pat. A good quick gain this week

 

[SlipperyC]

There she blows!!

Stop to 7460 please isa.

 

[isatrader]

There she blows!!

Stop to 7460 please isa.

No worries. That's 0.34% locked in.

I might be a bit distracted for the rest of the day as my shiny new 27" iMac just arrived. Is going make concentrating on work very hard today

 

[SlipperyC]

Woah. I love those iMacs.

The 27" screen is amazing. I call into my local Apple store regularly just to drool.

 

[SlipperyC]

exit.

Happy with that for now.

 

[isatrader]

exit.

Happy with that for now.

Ok Slip, the exit time was 12.26 on the thread so here's the closing trade details:

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7428.54
Exit: 7519.35

Points Gain: 90.81

ATR Adjusted Percentage Gain: 0.99%

Trade Grade: C

Well done Slip, a well managed trade and another 0.99% to your tally. :clap:

 

[isatrader]

I'm adjusting my entry point for Palladium to 740 as Gold is forming a rising wedge near the 50% fib level so i think this will break down soon and drag Palladium with it.

 

[isatrader]

enter

 

[isatrader]

My entry time on the thread was 1.57pm, so the entry price was 733 for Palladium.

Trade Details:
Palladium (June 11 Contract)
Direction: Short
Entry: 733
Stop: 805.1
Target: 550

Percentage Risk: 9.84% (-3.86% ATR Adjusted)
Target Gain: 33.27% (14.35% ATR Adjusted)

Risk Ratio: 3.38

Daily ATR(200): 17 (2.32%)
Weekly ATR(52): 45.8 (6.25%)

ATR Targets
-1x ATR: 750.00
1x ATR: 716.00
1.5x ATR: 707.50
2x ATR: 699.00

Good luck

 

[A_fr]

Sorry for being so inconsistent but I was traveling this week and what not. I'm going to through a wild trade out there, we'll see how it ends at the end of the week. Entry SCEI @ 2.40 could ride a short sqeeze up. Target is 3.5 stop @1.85. A.