One Trade a Week

[isatrader]

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.

Hi Slip, here's the ATR targets for you for the DAX

ATR Targets

Daily ATR(200) = 93.26 (1.31%)
Weekly ATR(52) = 224.61 (3.16%)

-1x ATR: 7021.74
1x ATR: 7208.26
1.5x ATR: 7254.89
2x ATR: 7301.52

Good luck

 

[isatrader]

Week 18 Pick - S&P 500 Short

S&P 500 Rolling Spread

Order Type: Market

Direction: Short

Initial Stop loss: 1371
Initial Target: 1250

ATR (200 Day): 13.49 (1.01%)
ATR (52 Week): 34.43 (2.59%)

ATR Targets: - Based on Fridays close at 1331.5
-1x ATR: 1345.0
1x ATR: 1318.0
1.5x ATR: 1311.3
2x ATR: 1304.5

Entry Reason
Last weeks analysis of this still stands IMO as it weakened further and closed below the 2 year logarithmic trend line. The S&P 500 had a very weak bounce at the medium term trend line and 100 day EMA last week and the bounce was contained by the moving averages and the recent downtrend channel.

It looks in a good position to go short again IMO and I'm still in it in my account so I'll use a market order for a change with a downside target of 1250.

 

[isatrader]

Just a reminder for everyone that this weeks competition starts a day later than normal due to the holiday day tomorrow.

 

[tradeAweek]

My expectation on Silver was right on the money last weekend. Lets see if it turns around to the downside between 39 and 40 sometime this week.

 

[TradeTheEasyWay]

eurnzd was a stormer last month but sadly not with me in it. let's see if I can in on this weeks set up.

chfjpy - swissy is very strong so I want a pull back to 94.30.

entry: 94.30
stop: 93.30
target: 104.90

Mike :clover:

 

[isatrader]

eurnzd was a stormer last month but sadly not with me in it. let's see if I can in on this weeks set up.

chfjpy - swissy is very strong so I want a pull back to 94.30.

entry: 94.30
stop: 93.30
target: 104.90

Mike :clover:

Hi Mike, here's the ATR targets for CHFJPY

ATR Targets

Daily ATR(200) = 0.7407 (0.79%)
Weekly ATR(52) = 2.0988 (2.23%)

-1x ATR: 93.56
1x ATR: 95.04
1.5x ATR: 95.41
2x ATR: 95.78

Good luck

 

[isatrader]

Week 18 Trades Spreadsheet

Week 18 is underway and we have 8 players this week with a good variety of picks as always. The group is weighted to the long side this week.

It's too late for anymore forex picks this week as fx trading is underway from 10pm but I'll accept any late entries for stocks until the market opens tomorrow.

 

[isatrader]

My market order to short the S&P 500 rolling spread was filled at the open of trade tonight at 1332.0

Here's the full trade details:

Trade Details:
SP 500 (Rolling Spread)
Direction: Short
Entry: 1332.0
Stop: 1371
Target: 1250

Percentage Risk: 2.93% (-2.81% ATR Adjusted)
Target Gain: 6.56% (6.48% ATR Adjusted)

Risk Ratio: 2.24

Daily ATR(200): 13.49 (1.01%)
Weekly ATR(52): 34.43 (2.58%)

ATR Targets
-1x ATR: 1345.5
1x ATR: 1318.5
1.5x ATR: 1311.8
2x ATR: 1305.0

Good luck

 

[tradeAweek]

@isa - I had my direction on silver as short. Your spreadsheet shows it as long. Can you correct it?

 

[tradeAweek]

Enter Short.
Current price 38.18
Stop 40.5
Target 34

 

[SlipperyC]

Grr!

Looks like I was right about the diamond bottom!!!

Pity I wasn't around to enter the trade manually. Will wait and see if there is any pullback and will consider entering long.

 

[isatrader]

Enter Short.
Current price 38.18
Stop 40.5
Target 34

Hi tradeAweek. No worries about direction, was my mistake. Here's the full trade details:

Trade Details:
Silver (July Contract)
Direction: Short
Entry: 38.18
Stop: 40.5
Target: 34

Percentage Risk: 6.08% (-1.94% ATR Adjusted)
Target Gain: 12.29% (4.17% ATR Adjusted)

Risk Ratio: 2.02

Daily ATR(200): 1.1252 (2.95%)
Weekly ATR(52): 2.3187 (6.07%)

ATR Targets
-1x ATR: 39.31
1x ATR: 37.05
1.5x ATR: 36.49
2x ATR: 35.93

Good luck

 

[isatrader]

Hi Canto, your market order for FXPO.L was filled at the open today at 436.2

Trade Details:
Ferrexpo (LSE:FXPO)
Direction: Long
Entry: 436.2
Stop: 390
Target: 490

Percentage Risk: 11.85% (-2.99% ATR Adjusted)
Target Gain: 12.33% (3.49% ATR Adjusted)

Risk Ratio: 1.04

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

ATR Targets
-1x ATR: 420.77
1x ATR: 451.63
1.5x ATR: 459.35
2x ATR: 467.06

Good luck

 

[isatrader]

A_fr your market order for Cypress Semiconductor Corp was filled at the open at 23.7

Let me know your stop and target?

Trade Details:
Cypress Semiconductor Corp (NASDAQ:CY)
Direction: Long
Entry: 23.7
Stop: ???
Target: ???

Daily ATR(200): 0.6 (2.53%)
Weekly ATR(52): 1.38 (5.82%)

ATR Targets
-1x ATR: 23.10
1x ATR: 24.30
1.5x ATR: 24.60
2x ATR: 24.90

Good luck

 

[isatrader]

Hi collin2985, your market order for Brinks Co was filled at the open at 29.34

Trade Details:
Brinks Co (NYSE:BCO)
Direction: Long
Entry: 29.34
Stop: 26
Target: 34

Percentage Risk: 12.85% (-4.77% ATR Adjusted)
Target Gain: 15.88% (6.66% ATR Adjusted)

Risk Ratio: 1.24

Daily ATR(200): 0.7 (2.39%)
Weekly ATR(52): 1.63 (5.56%)

ATR Targets
-1x ATR: 28.64
1x ATR: 30.04
1.5x ATR: 30.39
2x ATR: 30.74

Good luck

 

[isatrader]

Hi Pat, your market order for Evergreen Solar (NASDAQ:ESLR) was filled at the open at 0.75

Trade Details:
Evergreen Solar (NASDAQ:ESLR)
Direction: Short
Entry: 0.75
Stop: 0.78
Target: 0.65

Percentage Risk: 4.00% (-0.30% ATR Adjusted)
Target Gain: 15.38% (1.19% ATR Adjusted)

Risk Ratio: 3.85

Daily ATR(200): 0.0973 (12.97%)
Weekly ATR(52): 0.2337 (31.16%)

ATR Targets
-1x ATR: 0.847
1x ATR: 0.653
1.5x ATR: 0.604
2x ATR: 0.555

Good luck

 

[isatrader]

Positions Update

Hi everyone, attached is the positions update for today. A strong start for Canto who takes the early lead.

 

[tradeAweek]

EXIT Silver short at market.
Choppy consolidation pointing another leg up. Maybe one week too soon on my short. When in doubt get out and protect capital.

 

[isatrader]

EXIT Silver short at market.
Choppy consolidation pointing another leg up. Maybe one week too soon on my short. When in doubt get out and protect capital.

Hi tradeAweek, your exit time on the thread was 2.05pm so here's the closing trade details:

Closing Trade

Silver (July Contract)
Direction: Short
Entry: 38.18
Exit: 38.11

Percentage Gain: 0.18%

ATR Adjusted Percentage Gain: 0.06%

Trade Grade: C-

Looks like the ISM data has caused this to take another leg down after you sold. But you protected your small gain so well done as adds to your overall total.

 

[SlipperyC]

enter