One Trade a Week

[isatrader]

Evening all.

My selection this week is;

DAX LIMIT LONG
Entry; 7035
Stop; 6940
Target; 7235

Reason; I think I see a channel up forming (see attached), S&P500 seems to have support at 1270 area and things are quite oversold now.

Note to self; I WILL NOT MOVE MY STOP UP TOO QUICKLY!!!

Hi Slip, here's your targets for the DAX

ATR Targets

Daily ATR(200) = 93.08 (1.32%)
Weekly ATR(52) = 223.2 (3.17%)

-1x ATR: 6941.92
1x ATR: 7128.08
1.5x ATR: 7174.62
2x ATR: 7221.16

Good luck

 

[isatrader]

Week 20 Pick

iShares Barclays 20+ Year Treasury Bond (NYSE:TLT)

Order Type: Warehoused

Direction: Long

Initial Stop loss: 94.49
Initial Target: 100

ATR (200 Day): 1.16 (1.21%)
ATR (52 Week): 2.82 (2.94%)

ATR Targets: - Based on initial target entry point at 96
-1x ATR: 94.84
1x ATR: 97.16
1.5x ATR: 97.74
2x ATR: 98.32

Entry Reason
I exited my TLT position on this thread too soon last week. It's trending up nicely and is above the moving averages and doesn't have any resistance until the 100 area at the moment. It's moving generally inverse to the stock market, but also can get a bid when the market is going up so I'm going to stay long this for a while longer as the S&P looks like it wants to at least test the 1250 area which will boost the TLT further as people move to risk off.

Attached is my charts. I've included the market breadth charts as well as they are very interesting at the moment. The percentage of stocks above their 50 day moving average has moved down to 18.65% and only 57.58% of stocks are above their 200 day moving average now. So both are moving into areas where a short term bounce could form in the coming weeks possibly judging from the charts but aren't there just yet.

 

[Pat494]

JD sport
LSE.JD
short
market
TP 600
SL 880

reason

It was Friday's biggest loser - so it may bounce a little before going lower

 

[collin2985]

Brasil Telecom SA Brasil Teleco (NYSE: BTM )

Direction - Short
Target - No Target
Stop - No Stop
Reason - It has divergence.

 

[isatrader]

JD sport
LSE.JD
short
market
TP 600
SL 880

reason

It was Friday's biggest loser - so it may bounce a little before going lower

Thanks Pat. here's your targets based on Fridays close of 865

ATR Targets

Daily ATR(200) = 35.148 (4.06%)
Weekly ATR(52) = 63.115 (7.30%)

-1x ATR: 900.15
1x ATR: 829.85
1.5x ATR: 812.28
2x ATR: 794.70

Good luck

 

[isatrader]

Brasil Telecom SA Brasil Teleco (NYSE: BTM )

Direction - Short
Target - No Target
Stop - No Stop
Reason - It has divergence.

Hi Colin, I'm going to assume this is a market order which will be fill at the open price on Monday. Let me know before then if you wanted a different order type.

Here's your initial ATR targets based on Fridays close of 28.63 for Brasil Telecom

ATR Targets

Daily ATR(200) = 0.658 (2.30%)
Weekly ATR(52) = 1.556 (5.43%)

-1x ATR: 29.29
1x ATR: 27.97
1.5x ATR: 27.64
2x ATR: 27.31

Good luck

 

[isatrader]

Week 20 Picks

So another week is under way. We have 6 players this week with a short bias overall. Attached is the spreadsheet. Good luck everyone and let me know if you need any changes.

 

[isatrader]

Hi Mike, your limit order for NZDCHF has been filled. Below is the full trade details:

Trade Details:
NZDCHF (FX:NZDCHF)
Direction: Short
Entry: 0.6898
Stop: 0.6991
Target: 0.651

Percentage Risk: 1.35% (-1.12% ATR Adjusted)
Target Gain: 5.96% (5.01% ATR Adjusted)

Risk Ratio: 4.42

Daily ATR(200): 0.0082 (1.19%)
Weekly ATR(52): 0.0234 (3.39%)

ATR Targets
-1x ATR: 0.6980
1x ATR: 0.6816
1.5x ATR: 0.6775
2x ATR: 0.6734

Good luck

 

[SlipperyC]

enter

 

[isatrader]

enter

Hi Slip, your entry time on the thread was 8.23am so the entry price I have is 7073.5 for the DAX.

Here's the full entry details:

Trade Details:
Dax Index (DBI DAX)
Direction: Long
Entry: 7073.5
Stop: 6940
Target: 7235

Percentage Risk: 1.92% (-1.43% ATR Adjusted)
Target Gain: 2.28% (1.74% ATR Adjusted)

Risk Ratio: 1.19

Daily ATR(200): 93.08 (1.32%)
Weekly ATR(52): 223.2 (3.16%)

ATR Targets
-1x ATR: 6980.42
1x ATR: 7166.58
1.5x ATR: 7213.12
2x ATR: 7259.66

Good luck

 

[isatrader]

Hi Pat, I've deleted the previous post as the entry price was wrong. JD Sports open price didn't show up until after 9am and it is now showing as 886 which is above your stop loss so there is no entry.

You can however still enter manually on the thread or place a limit order for a particular price.

Let me know what you want to do?

 

[SlipperyC]

I know I said I wasn't going to ... but ...

Stop to 7080 please isa.

Reason being; I don't think the DAX will come back to this area yet. If it does, it will invalidate the move up and I think it will fall below 7000 stopping me out.

 

[isatrader]

I know I said I wasn't going to ... but ...

Stop to 7080 please isa.

Reason being; I don't think the DAX will come back to this area yet. If it does, it will invalidate the move up and I think it will fall below 7000 stopping me out.

Ok, no worries. I've updated it for you.

 

[isatrader]

enter TLT

 

[isatrader]

enter TLT

My entry time on the thread was 3.37pm so the price I have is 96.95 for TLT

Here's the full entry details:

Trade Details:
iShares Barclays 20+ Year Treasury Bond (NYSE:TLT)
Direction: Long
Entry: 96.95
Stop: 94.49
Target: 100

Percentage Risk: 2.60% (-2.12% ATR Adjusted)
Target Gain: 3.15% (2.63% ATR Adjusted)

Risk Ratio: 1.21

Daily ATR(200): 1.16 (1.20%)
Weekly ATR(52): 2.82 (2.91%)

ATR Targets
-1x ATR: 95.79
1x ATR: 98.11
1.5x ATR: 98.69
2x ATR: 99.27

Good luck to me

 

[isatrader]

I know I said I wasn't going to ... but ...

Stop to 7080 please isa.

Reason being; I don't think the DAX will come back to this area yet. If it does, it will invalidate the move up and I think it will fall below 7000 stopping me out.

Hi Slip, as you've probably noticed your stop loss was hit this afternoon. Here's the closing trade details:

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7073.5
Exit: 7080

Points Gain: 6.5

ATR Adjusted Percentage Gain: 0.07%

Trade Grade: C-

 

[isatrader]

Hi colin, your market order for Brasil telecom was filled at 28.8 at the open.

Here's the full entry details:

Trade Details:
Brasil Telecom (NYSE:BTM)
Direction: Short
Entry: 28.8

Daily ATR(200): 0.658 (2.28%)
Weekly ATR(52): 1.556 (5.40%)

ATR Targets
-1x ATR: 29.46
1x ATR: 28.14
1.5x ATR: 27.81
2x ATR: 27.48

Good luck

 

[SlipperyC]

yeh, thanks isa.

It wasn't a very convincing bounce, and for now I'm not sure which way its heading. I'd bet on it going up as it seems to have a fair bit of support at the 7050 area ... however ....!

Hi Slip, as you've probably noticed your stop loss was hit this afternoon. Here's the closing trade details:

Closing Trade

Dax Index (DBI DAX)
Direction: Long
Entry: 7073.5
Exit: 7080

Points Gain: 6.5

ATR Adjusted Percentage Gain: 0.07%

Trade Grade: C-

 

[SlipperyC]

Hmmm. DAX has bounced nicely this morning.

Disappointed with myself - again!

Am way too jumpy with myself regarding these weekly trades - all because I want to try and build / maintain a winning streak!! Must give trades time to 'breathe'!

 

[Pat494]

Hi Pat, I've deleted the previous post as the entry price was wrong. JD Sports open price didn't show up until after 9am and it is now showing as 886 which is above your stop loss so there is no entry.

You can however still enter manually on the thread or place a limit order for a particular price.

Let me know what you want to do?

I was right about the bounce - just didn't expect it to bounce right out of the ballpark

I'll have another go next Sunday