One Trade a Week

[tradeAweek]

@isatrader - Good luck on your trade. I don't know the Stan Weinstein method. I had to google on it to get an idea. As it is evident from the charts that I post, I use Elliott wave analysis to identify my trades. Based on that approach I see 5 waves down followed by 3 waves up on the bonds indicating that there's at least another 5 waves down complete a 5-3-5 sequence. It's possible that the C wave of TLT can extend to 100. But over the new 6 months I expect a sharp rise in yields and a fall in bond prices.

From a fundamental perspective, if Moody's were to downgrade the US debt rating due to the stalemate in Washington on raising the debt ceiling, then I would reckon a sharp fall in bond prices would be a natural reaction.

It will be interesting to see how it goes over the next 6 months.

 

[SlipperyC]

enter

 

[SlipperyC]

stop to b/e+2 please!

 

[isatrader]

enter

Hi SlipperyC, your entry time was 7.43am so the entry price was 7091.3

Trade Details:
Dax Index (DBI DAX)
Direction: Long
Entry: 7091.3
Stop: 7093.3 (7050 initial stop)
Target: 7250

Percentage Risk: -0.03% (0.02 ATR Adjusted)
Target Gain: 2.24% (1.70% ATR Adjusted)

Daily ATR(200): 93.28 (1.32%)
Weekly ATR(52): 224.94 (3.17%)

ATR Targets
-1x ATR: 6998.02
1x ATR: 7184.58
1.5x ATR: 7231.22
2x ATR: 7277.86

Good luck

 

[isatrader]

Morning Pat, your market order for Smiths News was filled at 95.25 at the open

Here's the full trade details:

Trade Details:
Smiths News (LSE:NWS)
Direction: Short
Entry: 95.25
Stop: 105
Target: 90

Percentage Risk: -9.29% (-2.69% ATR Adjusted)
Target Gain: 5.83% (1.69% ATR Adjusted)

Risk Ratio: 0.57

Daily ATR(200): 3.285 (3.45%)
Weekly ATR(52): 7.533 (7.91%)

ATR Targets
-1x ATR: 98.54
1x ATR: 91.97
1.5x ATR: 90.32
2x ATR: 88.68

Good luck

 

[isatrader]

Mike your limit order for EURJPY was filled at 117.6

Here's the full trade details:

Trade Details:
EURJPY (FX:EURJPY)
Direction: Long
Entry: 117.6
Stop: 115.9
Target: 121.4

Percentage Risk: 1.47% (-2.69% ATR Adjusted)
Target Gain: 3.23% (1.69% ATR Adjusted)

Risk Ratio: 2.20

Daily ATR(200): 1.1444 (0.97%)
Weekly ATR(52): 3.2537 (2.77%)

ATR Targets
-1x ATR: 116.456
1x ATR: 118.744
1.5x ATR: 119.317
2x ATR: 119.889

Good luck

 

[isatrader]

Canto your market order for Antofagasta was filled at the open at 1278

Here's the full trade details:

Trade Details:
Antofagasta (LSE:ANTO)
Direction: Short
Entry: 1278
Stop: 1350
Target: 1160

Percentage Risk: 5.63% (-1.46% ATR Adjusted)
Target Gain: 10.17% (2.79% ATR Adjusted)

Risk Ratio: 1.81

Daily ATR(200): 46.586 (3.65%)
Weekly ATR(52): 101.733 (7.96%)

ATR Targets
-1x ATR: 1324.59
1x ATR: 1231.41
1.5x ATR: 1208.12
2x ATR: 1184.83

Good luck

 

[SlipperyC]

Hmm, can I be a pain and move my stop back to 7050?

 

[isatrader]

Hmm, can I be a pain and move my stop back to 7050?

yep, no worries slip. I've changed it back for you.

 

[isatrader]

enter

 

[tradeAweek]

Would like to change entry price to 1553.50 please.

 

[isatrader]

enter

My entry time was 3.16pm, so the entry price was 95.58 for TLT

Here's the full trade details:

Trade Details:
Ishares Barclays 20+ Year Treasury Bond Fund (NYSE:TLT)
Direction: Long
Entry: 95.58
Stop: 93.49
Target: 100

Percentage Risk: 2.24% (-1.76% ATR Adjusted)
Target Gain: 4.62% (3.72% ATR Adjusted)

Risk Ratio: 2.07

Daily ATR(200): 1.189 (1.24%)
Weekly ATR(52): 2.825 (2.96%)

ATR Targets
-1x ATR: 94.39
1x ATR: 96.77
1.5x ATR: 97.36
2x ATR: 97.96

Good luck to me

 

[isatrader]

Would like to change entry price to 1553.50 please.

Ok no worries, I will adjust it for you.

 

[isatrader]

collin2985 your market order in Capital One Financial Corp was filled at the open at

Here's the full trade details:

Trade Details:
Capital One Financial Corp (NYSE:COF)
Direction: Short
Entry: 51.43
Stop: 56
Target: ??

Percentage Risk: 8.89% (-3.68% ATR Adjusted)
Target Gain: ??

Risk Ratio: ??

Daily ATR(200): 1.14 (2.22%)
Weekly ATR(52): 2.88 (5.60%)

ATR Targets
-1x ATR: 52.57
1x ATR: 50.29
1.5x ATR: 49.72
2x ATR: 49.15

Good luck

 

[tradeAweek]

@isatrader: My gold short triggered in my real account at 1553.50

 

[isatrader]

@isatrader: My gold short triggered in my real account at 1553.50

Yep you're right, you are in, I just hadn't checked for a while. Your order triggered at 4.43pm

Here's the full trade details:

Trade Details:
Gold
Direction: Short
Entry: 1553.5
Stop: 1580
Target: 1475

Percentage Risk: 1.71% (-1.25% ATR Adjusted)
Target Gain: 5.32% (3.98% ATR Adjusted)

Risk Ratio: 3.12

Daily ATR(200): 20.775 (1.34%)
Weekly ATR(52): 45.751 (2.95%)

ATR Targets
-1x ATR: 1574.28
1x ATR: 1532.73
1.5x ATR: 1522.34
2x ATR: 1511.95

Good luck

 

[isatrader]

Hi SlipperyC, your stop loss was hit at 8.10pm for the DAX. Here's the closing trade details:

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7091.3
Exit: 7050

Points Loss: 41.3

ATR Adjusted Percentage Loss: -0.44%

Trade Grade: D

 

[isatrader]

Positions Update

Attached is the positions update for today. collin2985 takes the early lead.

 

[tradeAweek]

@isa: I want to move my stop to 1550 to make it a risk free trade.

 

[isatrader]

@isa: I want to move my stop to 1550 to make it a risk free trade.

Yep no worries, I've changed it for you.