One Trade a Week

[isatrader]

Nice going... might jump in next week. What are the current rules?

Current rules are picks to be submitted by 10pm BST on Sundays to allow for the early open of the fx markets. Otherwise is the same as before when you used to play.

 

[isatrader]

The S&P 500 has pulled back to my around my entry point today after bouncing at the medium term trendline, but the euro, aussie and gold have all been relatively weak today so I'm still confident there's more downside to come this week especially tomorrow as the options for LinkedIn start trading, which I think will be hit hard tomorrow and hopefully trigger a more widespread sell off in the markets and get me the win for a change this week.

 

[isatrader]

Positions Update

Attached is the positions update for today. tradeAweek still leads currently with 2 days left this week.

I've got a freelance job on the for the next two days so I'm going to set a closer limit as I can't watch the markets during the day. So my new target is 1295 for the S&P 500 in the next two days.

 

[SlipperyC]

Hmmm ... volatility!!! ;-)

 

[isatrader]

Canto your target for FRES.L was hit at 14:51pm

Here's the closing trade details:

Closing Trade

Fresnillo (LSE:FRES)
Direction: Long
Entry: 1325
Exit: 1390

Percentage Gain: 4.91%

ATR Adjusted Percentage Gain: 1.29%

Trade Grade: B

Well done Canto. This puts you in the lead this week so far

 

[SlipperyC]

Great trade canto. Looks like its got a lot further to go as well, £14.30-50 seems reasonable.

Why did you choose FRES?

 

[isatrader]

Positions Update

Attached is the positions update for today. Canto now leads this week with only one day to go.

 

[A_fr]

I'll try not to be left out this week... I'll call CY on the NASDAQ from the open on monday I expect it to break into new highs. I will be looking to sell in the 25.5 -26 range by the end of the week as I expect the market to hold up next week and for the tech bubble to keep browing for a while. Good luck to all. A.

 

[isatrader]

I'll try not to be left out this week... I'll call CY on the NASDAQ from the open on monday I expect it to break into new highs. I will be looking to sell in the 25.5 -26 range by the end of the week as I expect the market to hold up next week and for the tech bubble to keep browing for a while. Good luck to all. A.

Thanks A_fr, I'll do the initial targets for you once I've caught up with this weeks closing trades tomorrow and the results.

 

[isatrader]

Hi everyone, here's this weeks results table. Canto takes the win this week with his trade in Fresnillo :clap:

Name______ATR Adjusted Percentage
Canto1922_________1.29%
tradeAweek________1.11%
SlipperyC__________0.11%
isatrader__________-0.73%
Pat494___________-0.97%
wigtrade__________-1.03%

 

[collin2985]

Symbol: BCO

1. Buy
2. Market Order
3. Target: 34
4. Stop: 26
5. Reason for entry: A nice rally occurred between February and the end of April. The price has fallen quickly this past month to a "fair value" area. We might see a rally to retest the highs.

 

[isatrader]

Symbol: BCO

1. Buy
2. Market Order
3. Target: 34
4. Stop: 26
5. Reason for entry: A nice rally occurred between February and the end of April. The price has fallen quickly this past month to a "fair value" area. We might see a rally to retest the highs.

Welcome collin2985. I've got BCO as Brinks Co on the NYSE. Let me know if that's not correct.

Here's the initial ATR targets based on Fidays close of 28.9 for BCO

ATR Targets

Daily ATR(200) = 0.7 (2.42%)
Weekly ATR(52) = 1.63 (5.64%)

-1x ATR: 28.20
1x ATR: 29.60
1.5x ATR: 29.95
2x ATR: 30.30

Good luck

 

[isatrader]

I'll try not to be left out this week... I'll call CY on the NASDAQ from the open on monday I expect it to break into new highs. I will be looking to sell in the 25.5 -26 range by the end of the week as I expect the market to hold up next week and for the tech bubble to keep browing for a while. Good luck to all. A.

Hi A_fr, Cypress Semiconductor Corp (CY) closed at 23.36 on Friday, so here's your initial ATR targets based on that and you will get the opening price at the start of the week and I'll update the targets.

ATR Targets

Daily ATR(200) = 0.6 (2.57%)
Weekly ATR(52) = 1.38 (5.91%)

-1x ATR: 22.76
1x ATR: 23.96
1.5x ATR: 24.26
2x ATR: 24.56

Good luck

 

[tradeAweek]

My Trade for the week.
Warehoused order.
Spot Silver
Direction : Short

 

[Pat494]

market
Evergreen solar
72.6
TP 65.0
Sl 78

They make green energy stuff. Their share price has dropped recently a lot.

thanks

 

[Canto1922]

SlipC - reason I chose FRES last week was that it was hovering 1300 price level and tends to track gold. I try and keep a wider view on how neurotic the markets are at any given time- seems to me there is a lot of nervousness about at the moment & especially last week & gold tends to do well at such times. No one is quite sure how the European debt problems are going to resolve themselves especially when political stakes are so high & US economic policy & dollar issues add to the uncertainty.

Am abroad at the moment with a dodgy internet connection so a bit behind on the news,

Buy FXPO
Market Order
Target: 490
Stop: 390
Reason to buy - commodities bounce & bottom of rising trend line.

 

[SlipperyC]

Thanks canto.

My choice for this week;

Limit DAX LONG
Entry; 7115
Stop; 6970
Target; 7400

Reason; I think I see a diamond bottom on the DAX which may over the next couple of weeks result in a retest of recent highs.

Will be entering this trade in one of my live accounts too - £2/pt for now until I see solid evidence of support at 7100 area.

 

[isatrader]

My Trade for the week.
Warehoused order.
Spot Silver
Direction : Short

Hi tradeAweek, here's the initial ATR targets for Silver based on Fridays close of 37.863

ATR Targets

Daily ATR(200) = 1.1252 (2.97%)
Weekly ATR(52) = 2.3187 (6.12%)

-1x ATR: 36.74
1x ATR: 38.99
1.5x ATR: 39.55
2x ATR: 40.11

Good luck

 

[isatrader]

market
Evergreen solar
72.6
TP 65.0
Sl 78

They make green energy stuff. Their share price has dropped recently a lot.

thanks

Hi Pat, here's the initial targets for Evergreen Solar (NASDAQ:ESLR) based on Fridays close of 0.73

ATR Targets

Daily ATR(200) = 0.0973 (13.33%)
Weekly ATR(52) = 0.2337 (32.01%)

-1x ATR: 0.827
1x ATR: 0.633
1.5x ATR: 0.584
2x ATR: 0.535

Good luck

 

[isatrader]

Buy FXPO
Market Order
Target: 490
Stop: 390
Reason to buy - commodities bounce & bottom of rising trend line.

Thanks Canto, here's the initial ATR targets for FXPO.L based on Fridays close of 436.1

ATR Targets

Daily ATR(200) = 15.43 (3.54%)
Weekly ATR(52) = 36.54 (8.38%)

-1x ATR: 420.67
1x ATR: 451.53
1.5x ATR: 459.25
2x ATR: 466.96

Good luck