One Trade a Week

[SlipperyC]

stop at 7140.
target at 7400 please

Was going to scratch the entry for this week but I'll see if I can scrape a few points from a bounce at 7200.

 

[isatrader]

enter

Hi SlipperyC, your entry time was 5.41pm, so the entry price I have is 7205.5

Here's the full trades details:

Trade Details:
Dax Index (DBI DAX)
Direction: Long
Entry: 7205.5
Stop: 7140
Target: 7400

Percentage Risk: 0.92% (-0.70% ATR Adjusted)
Target Gain: 2.70% (2.09% ATR Adjusted)

Risk Ratio: 2.94

Daily ATR(200): 93.26 (1.29%)
Weekly ATR(52): 224.61 (3.12%)

ATR Targets
-1x ATR: 7112.24
1x ATR: 7298.76
1.5x ATR: 7345.39
2x ATR: 7392.02

I think I might follow you into this one myself as I want to hedge some of my short exposure. Good luck

 

[isatrader]

I took the trade at just under 7200. I think there's good support there and the S&P is moving into a support area as well so I think a bounce to 7250 is possible for the DAX if the trend has now changed to down again. What do you think Slip?

 

[SlipperyC]

wellllll ... I thought a bounce was possible but it appears that I was the kiss of death to the DAX!!

 

[isatrader]

100 day EMA is at 7142 so still might bounce, but we're close to being stopped out on this. On a positive note my S&P 500 short is doing great

 

[isatrader]

Nope the DAX is a gonna. Slip you've been stopped out

 

[isatrader]

Ok SlipperyC, here's the closing trade details for the Dax

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7205.5
Exit: 7140

Points Loss: 65.5

ATR Adjusted Percentage Loss: -0.70%

Trade Grade: E

 

[isatrader]

Positions Update

Attached is the positions update for 1/6/11. A happy day for me as I've taken the lead for a change.

 

[isatrader]

exit

 

[isatrader]

exit

My exit time on the thread was 4.54pm so the closing price was 1307.4

Here's the closing trade details:

Closing Trade

S&P 500 (Rolling Spread)
Direction: Short
Entry: 1332
Exit: 1307.4

Percentage Gain: 1.88%

ATR Adjusted Percentage Gain: 1.86%

Trade Grade: A-

That puts me in the lead so far this week with one day to go.

 

[tradeAweek]

Nice trade isatrader.

Shame on me. Two weeks in a row, had the right pick but did not have the patience to let the trade work for me. At least didn't lose money.

 

[SlipperyC]

Sweet one isa.

However, my DAX selection timing has to be the DOG trade of all time!! Shame to spoil my winning run!

 

[isatrader]

Nice trade isatrader.

Shame on me. Two weeks in a row, had the right pick but did not have the patience to let the trade work for me. At least didn't lose money.

Sweet one isa.

However, my DAX selection timing has to be the DOG trade of all time!! Shame to spoil my winning run!

Thanks guys. I think tradeAweek that's one of the most important lessons I've been trying to learn with this thread, as patience and following the plan are so important as the daily noise constantly tests your original reasoning.
Slip I don't think your DAX entry was as bad as you say this week. It was just unlucky as it had moved around 2 days range in a day, so 95% of the time it would have got at least a small bounce at the support area you chose IMO. But the extra news flow of another Greece downgrade pushed the Euro down which had held up most of the day and dragged the stocks even further down. So not a lot you could do about that IMO.

 

[isatrader]

Canto1922 your trade in FXPO.L was exited at the close today at 443.7

Here's the closing trade details:

Closing Trade

Ferrexpo (LSE:FXPO)
Direction: Long
Entry: 436.2
Exit: 443.7

Percentage Gain: 1.72%

ATR Adjusted Percentage Gain: 0.49%

Trade Grade: C-

Well done Canto, your overall score is moving up steadily.

 

[Bernardrd]

If we introduced or mentioned such week then body take it as boom time.
But some times this time can be recession period for the whole marketer due to such trend..
Los Angeles Fitness Trainer

 

[isatrader]

Hi A_fr, you trade in Cypress Semiconductor was exited at the close at 22.19

Here's the closing trade details:

Closing Trade

Cypress Semiconductor Corp (NASDAQ:CY)
Direction: Long
Entry: 23.7
Exit: 22.19

Percentage loss: -6.37%

ATR Adjusted Percentage loss: -2.52%

Trade Grade: G

 

[isatrader]

Hi collin2985, your trade in Brinks was exited at the close at 27.73

Here's the closing trade details:

Closing Trade

Brinks CO (NYSE:BCO)
Direction: Long
Entry: 29.34
Exit: 27.73

Percentage loss: -5.49%

ATR Adjusted Percentage loss: -2.30%

Trade Grade: G

 

[isatrader]

Pat your trade in Evergreen Solar was exited at the close at 0.7276

Here's the closing trade details:

Closing Trade

Evergreen Solar (NASDAQ:ESLR)
Direction: Short
Entry: 0.75
Exit: 0.7276

Percentage Gain: 3.08%

ATR Adjusted Percentage Gain: 0.24%

Trade Grade: C-

Well done Pat, a small gain, but it all adds to your tally overall. Ok that's another week over. I'll do the summary and league table tomorrow.

 

[collin2985]

Thanks Isatrader for setting this up.

Trade Details:
Capital One Financial Corporation (NYSE: COF )
Direction: Short
Entry: Market
Stop: 56
Target: no target

 

[Canto1922]

Hi Isa - thanks for update. I entirely agree with you how helpful the competition is in highlighting the need to adhere to a plan & trying to keep news noise in perspective - even so, I can't help but feeling that the markets are very much about news at the moment! I'll probably be entering a short for this weeks competition as it seems to me there's a significant pull back on the way sometime soon.