One Trade a Week

[isatrader]

Mike you are in Allied Gold

Trade Details:
Allied Gold (LSE:AGLD)
Direction: Long
Limit order: 37.5
Stop: 35
Target: 44

Percentage Risk: 7.14%
Target Gain: 17.33%

Risk Ratio: 2.43

Daily ATR(200): 0.88

 

[isatrader]

chilltrader you are in GBPUSD

Trade Details:
GBPUSD (FX:GBPUSD)
Direction: Short
Limit order: 1.6165
Stop: 1.6240
Target: 1.6010

Percentage Risk: 0.46%
Target Gain: 0.97%

Risk Ratio: 2.09

Daily ATR(200): 0.0116

 

[isatrader]

SlipperyC you are short the DAX

Trade Details:
Xetra DAX (DBI.DAX)
Direction: Short
Limit order: 7250
Stop: 7290
Target: 6900

Percentage Risk: 0.55%
Target Gain: 5.07%

Risk Ratio: 9.19

Daily ATR(200): 100.26

 

[isatrader]

Enter

 

[isatrader]

Trade Details:
Talvivaara Mining (LSE:TALV)
Direction: Long
Entry price: 594.5
Stop: 580.9
Target: 638

Percentage Risk: 2.34%
Target Gain: 7.32%

Risk Ratio: 3.13

Daily ATR(200): 15.65

Everyone is in, so good luck everyone and remember you can adjust stops and targets in the thread at any time during the week.

 

[SlipperyC]

Hmmm.

Getting a bit warm for my DAX short! Might be out of it today at this rate!!

 

[chilltrader]

chilltrader you are in GBPUSD

Trade Details:
GBPUSD (FX:GBPUSD)
Direction: Short
Limit order: 1.6165
Stop: 1.6240
Target: 1.6010

Percentage Risk: 0.46%
Target Gain: 0.97%

Risk Ratio: 2.09

Daily ATR(200): 0.0116

Stop moved to [entry - 5] i.e 1.6160

 

[top trader]

Take profit, now at 16108, (If I were YOU )

i am long in euro at 13550, for 20-30 pips.

 

[isatrader]

Take profit, now at 16108, (If I were YOU )

i am long in euro at 13550, for 20-30 pips.

Top trader, you're not in the competition so don't post random trades on this thread please. If you want to participate, read the rules on the first post and join in next week with a proper trade that includes a stop loss, target and entry. Don't spam the thread please.

 

[SlipperyC]

Hi isatrader,

2 questions:

1) Just a very minor one, should your trade be in Talvivaar Mining rather than Talvivaara Mining?

2) What was your entry price ?

Cheers

 

[isatrader]

Hi isatrader,

2 questions:

1) Just a very minor one, should your trade be in Talvivaar Mining rather than Talvivaara Mining?

2) What was your entry price ?

Cheers

Sorry I was rushing doing all the posts. It's Talvivaara Mining (TALV.L)

My entry post is the last post on page 13. I just typed "enter" at 9.16am. So according to ADVFN the closing price of that minute was 594.5

I will update the other post as well. Cheers for letting me know.

 

[isatrader]

Take profit, now at 16108, (If I were YOU )

i am long in euro at 13550, for 20-30 pips.

Re: my previous comment about stops etc, and why we don't want just random trades with no risk management is that for example, if you were targeting only 20-30 pips. Then at a reasonable risk reward of 1/2 you'd have risked 10-15 pips for your stop. Which means your trade was stopped out at 11.59am for a loss. So if you want to participate next week then please post a full trade following the rules. Thanks

 

[top trader]

isi- I don't hold for a week, specially FX. Therefore no point of spamming your thread.

I am out of EURO and £ is now at 16142 (you know what I mean when I said take profit)
Profit isn't profit unless it's banked.

GL

 

[isatrader]

isi- I don't hold for a week, specially FX. Therefore no point of spamming your thread.

I am out of EURO and £ is now at 16142 (you know what I mean when I said take profit)
Profit isn't profit unless it's banked.

GL

You don't have to hold for a week. That's the maximum time allowed is all. Your trade can be 2 minutes, but you're unlikely to win the competition with a 2 minute trade as the winner is the person that makes the largest ATR adjusted percentage gain. So for example GBPUSD moves 116 points a day between high and low on average according the 200 day ATR at the moment. So to achieve a 1% ATR adjusted gain you'd need to get 116 pips. So like I said before read the first post and the rest of the thread so that you understand before posting.

 

[isatrader]

Pats trade in Barclays is the early front runner with a 2.06% gain so far (ATR adjusted 0.53%). Everyone's trades are still open though, so we'll see what tomorrow brings in the markets.

 

[Pat494]

Pats trade in Barclays is the early front runner with a 2.06% gain so far (ATR adjusted 0.53%). Everyone's trades are still open though, so we'll see what tomorrow brings in the markets.

wooooooooooo hoooooooooooooooo

 

[SlipperyC]

Would like to move the stop on my DAX to 7310 just in case it spikes up to take out any shorts.

 

[isatrader]

No worries, it is done

 

[isatrader]

Tuesday morning charts

Morning everyone, attached is the current charts of the groups open positions.

 

[isatrader]

Stop moved to [entry - 5] i.e 1.6160

Closing Trade

chilltrader, GBPUSD hit your stop loss at 1.6160 this morning at 06.42am

So therefore:

Entry: 1.6165
Exit: 1.6160

Percentage Gain: 0.03%

ATR Adjusted Percentage Gain: 0.04%

Unfortunately, it turned out that 1.6160 area was the pivot point this morning with a high of 1.6163 and price has now dropped off again. However, as you moved your stop above breakeven yesterday you still booked a small profit so well done chilltrader.