One Trade a Week

[Canto1922]

DXNS
Short
Market order
Target 14p
Stop 17p

A difficult choice this week as possibility markets will bounce on back of another Greek debt fix. However, continuing bad news from retail sector & particularly white goods & consumer electronics suggest DXNS will continue its longer term decline.

 

[isatrader]

No change in my pick this week. I've been scouting silver for several weeks for a break down from the consolidation.

Short Spot Silver
Warehoused order.

Thanks tradeAweek, here's your initial ATR targets based on Fridays close:

ATR Targets

Daily ATR(200) = 1.2164 (3.40%)
Weekly ATR(52) = 2.6398 (7.38%)

-1x ATR: 37.00
1x ATR: 34.57
1.5x ATR: 33.96
2x ATR: 33.35

Good luck

 

[isatrader]

Bank Nova Scotia Halifax Pfd 3(NYSE: BNS )
Short
Market order
No Stop
No Target

There's some divergence and SPX may try to break lower dragging this one with it.

Thanks collin2985, here's your initial ATR targets based on Fridays close:

ATR Targets

Daily ATR(200) = 0.943 (1.62%)
Weekly ATR(52) = 2.335 (4.02%)

-1x ATR: 59.02
1x ATR: 57.14
1.5x ATR: 56.67
2x ATR: 56.19

Good luck

 

[isatrader]

DXNS
Short
Market order
Target 14p
Stop 17p

A difficult choice this week as possibility markets will bounce on back of another Greek debt fix. However, continuing bad news from retail sector & particularly white goods & consumer electronics suggest DXNS will continue its longer term decline.

Thanks Canto, good to see you back. Here's the initial targets for Dixons:

ATR Targets

Daily ATR(200) = 0.942 (5.81%)
Weekly ATR(52) = 2.196 (13.56%)

-1x ATR: 17.14
1x ATR: 15.26
1.5x ATR: 14.79
2x ATR: 14.32

Good luck

 

[Pat494]

Gold
market
TP 1550
SL 1515
Long

The reason I like gold currently is because of the eurocr*p land troubles

 

[TradeTheEasyWay]

Corn - US$ sold off on Friday and equities have rev bars off major support so early part of the week at least I expect pull backs so I may bring my target down if markets start to get wobbly mid week.

Long corn on break of 702
Entry: 702
Target: 758
Stop: 688

Good luck

Mike

 

[D.Gilberto]

Short: SP-500
Entry: 1,271.35
Target: 1,255.0 - 1250.0
Stop: 1281.35

 

[isatrader]

Gold
market
TP 1550
SL 1515
Long

The reason I like gold currently is because of the eurocr*p land troubles

Thanks Pat, here's the initial targets based on Fridays close of 1539.41

ATR Targets

Daily ATR(200) = 22.279 (1.45%)
Weekly ATR(52) = 50.18 (3.26%)

-1x ATR: 1517.13
1x ATR: 1561.69
1.5x ATR: 1572.83
2x ATR: 1583.97

Good luck

 

[isatrader]

Corn - US$ sold off on Friday and equities have rev bars off major support so early part of the week at least I expect pull backs so I may bring my target down if markets start to get wobbly mid week.

Long corn on break of 702
Entry: 702
Target: 758
Stop: 688

Good luck

Mike

Thanks Mike, here's the ATR targets for corn

ATR Targets

Daily ATR(200) = 21.139 (3.01%)
Weekly ATR(52) = 45.043 (6.42%)

-1x ATR: 680.86
1x ATR: 723.14
1.5x ATR: 733.71
2x ATR: 744.28

Good luck

 

[isatrader]

Short: SP-500
Entry: 1,271.35
Target: 1,255.0 - 1250.0
Stop: 1281.35

Welcome domgilberto1989, let me know if you have any questions on how to play. Here's your initial ATR targets for your S&P 500 short

ATR Targets

Daily ATR(200) = 13.41 (1.05%)
Weekly ATR(52) = 34.17 (2.69%)

-1x ATR: 1284.76
1x ATR: 1257.94
1.5x ATR: 1251.24
2x ATR: 1244.53

Good luck

 

[isatrader]

Week 21 Pick

I'm going to play to S&P 500 as well this week as I'm still not ready to get back into individual stocks. I'm bullish this week for a change as the market is close to some key support levels including the 200 day moving average which I think could generate some buying interest in the short term. I'm still bearish for the next few months though, but think we could get a short term bounce back to the shorter term moving averages this week.

Trade
S&P 500
Warehoused
Initial stop: 1245
Initial target: 1295

 

[isatrader]

Week 21 Picks

Hi everyone, another trading week is underway. The group has a slight short bias this week overall.

Attached is the trades spreadsheet of all this weeks picks and the initial ATR targets for you all.

 

[isatrader]

domgilberto1989 your limit order for the S&P 500 was filled at the open price of 1267.9 as the market gaped lower on the open tonight.

Here's the full trade details:

Trade Details:
S&P 500
Direction: Short
Entry: 1267.9
Stop: 1281.35
Target: 1250

Percentage Risk: 1.06% (-0.99% ATR Adjusted)
Target Gain: 1.43% (1.35% ATR Adjusted)

Risk Ratio: 1.35

Daily ATR(200): 13.41 (1.06%)
Weekly ATR(52): 34.17 (2.70%)

ATR Targets
-1x ATR: 1281.31
1x ATR: 1254.49
1.5x ATR: 1247.79
2x ATR: 1241.08

Good luck and let me know if you need any changes or want to exit.

 

[isatrader]

Pat your market order for gold was filled at the open at 1538.7

Here's the full entry details:

Trade Details:
Gold
Direction: Long
Entry: 1538.7
Stop: 1515
Target: 1550

Percentage Risk: 1.56% (-1.06% ATR Adjusted)
Target Gain: 0.73% (0.51% ATR Adjusted)

Risk Ratio: 0.47

Daily ATR(200): 22.279 (1.45%)
Weekly ATR(52): 50.18 (3.26%)

ATR Targets
-1x ATR: 1516.42
1x ATR: 1560.98
1.5x ATR: 1572.12
2x ATR: 1583.26

Good luck

 

[SlipperyC]

Hi All

Missed my entry this week, was at work most of the weekend then had Fathers Day!

Would probably have gone long on the DAX anyway.

Good luck to all.

 

[isatrader]

Hi All

Missed my entry this week, was at work most of the weekend then had Fathers Day!

Would probably have gone long on the DAX anyway.

Good luck to all.

I'll let you do a late entry as you always trade the DAX anyway.

 

[isatrader]

enter

 

[isatrader]

enter

My entry time on the thread was 9.19am, so here's the full entry details:

Trade Details:
S&P 500
Direction: Long
Entry: 1264.6
Stop: 1244.4
Target: 1550

Percentage Risk: 1.57% (-1.51% ATR Adjusted)
Target Gain: 2.40% (2.27% ATR Adjusted)

Risk Ratio: 1.53

Daily ATR(200): 13.41 (1.06%)
Weekly ATR(52): 34.17 (2.70%)

ATR Targets
-1x ATR: 1251.19
1x ATR: 1278.01
1.5x ATR: 1284.72
2x ATR: 1291.42

Good luck to me

 

[isatrader]

Morning Canto, your market order for Dixons was filled at 16

Here's the full entry details:

Trade Details:
Dixons Retail (LSE DXNS)
Direction: Short
Entry: 16
Stop: 17
Target: 14

Percentage Risk: 6.25% (-1.00% ATR Adjusted)
Target Gain: 14.29% (2.43% ATR Adjusted)

Risk Ratio: 2.29

Daily ATR(200): 0.942 (5.89%)
Weekly ATR(52): 2.196 (13.73%)

ATR Targets
-1x ATR: 16.94
1x ATR: 15.06
1.5x ATR: 14.59
2x ATR: 14.12

Good luck

 

[isatrader]

Morning Mike, your limit order for Corn was filled overnight at 702

Here's the full entry details:

Trade Details:
Corn (July Contract)
Direction: Long
Entry: 702
Stop: 688
Target: 758

Percentage Risk: 2.03% (-0.66% ATR Adjusted)
Target Gain: 7.98% (2.65% ATR Adjusted)

Risk Ratio: 3.92

Daily ATR(200): 21.139 (3.01%)
Weekly ATR(52): 45.043 (6.42%)

ATR Targets
-1x ATR: 680.86
1x ATR: 723.14
1.5x ATR: 733.71
2x ATR: 744.28

Good luck