One Trade a Week

[SlipperyC]

Thanks isa. As long as other contestants are in agreement.

enter

I'll go long now (around 7085) with a stop at 6950.

Target; 7260+

I see a rising trend line that the DAX has been riding the last few days - lets see if it supports it this week.

 

[isatrader]

Thanks isa. As long as other contestants are in agreement.

enter

I'll go long now (around 7085) with a stop at 6950.

Target; 7260+

I see a rising trend line that the DAX has been riding the last few days - lets see if it supports it this week.

ok Slip, your entry time on the thread was 10.56am so the closing price on the 1 minute bar I have was 7087

Here's the full entry details:

Trade Details:
Dax Index (DBI DAX)
Direction: Long
Entry: 7087
Stop: 6950
Target: 7260

Percentage Risk: 1.97% (-1.46% ATR Adjusted)
Target Gain: 2.44% (1.84% ATR Adjusted)

Risk Ratio: 1.24

Daily ATR(200): 94.03 (1.33%)
Weekly ATR(52): 223.3 (3.15%)

ATR Targets
-1x ATR: 6992.97
1x ATR: 7181.03
1.5x ATR: 7228.05
2x ATR: 7275.06

Good luck

 

[isatrader]

I bet you're getting itchy fingers to move your stop right about now eh Slip? Don't give in to the dark side

 

[SlipperyC]

lol!!

Yep isa, you are dead right.

Am so tempted to close the trade now because I think there is also a downtrend line in play with resistance at the 7150 area.

 

[isatrader]

lol!!

Yep isa, you are dead right.

Am so tempted to close the trade now because I think there is also a downtrend line in play with resistance at the 7150 area.

I'm the same on the S&P 500. Is only 2 points away from the mid downtrend line at 1278 so I might get out of mine around there as is nearly a 1% ATR gain for us both I believe.

 

[isatrader]

colin your market order for NYSE:BNS was filled at the open at 58

Here's the full entry details:

Trade Details:
Bank of Nova Scotia (NYSE:BNS)
Direction: Short
Entry: 58
Stop: None
Target: None

Percentage Risk: 100%

Daily ATR(200): 0.943 (1.63%)
Weekly ATR(52): 2.335 (4.03%)

ATR Targets
-1x ATR: 58.94
1x ATR: 57.06
1.5x ATR: 56.59
2x ATR: 56.11

Good luck

 

[isatrader]

exit

 

[isatrader]

exit

My closing time on the thread was 5.20pm so the closing price was 1278.9

Closing Trade

S&P 500 (Rolling Spread)
Direction: Long
Entry: 1264.6
Exit: 1278.9

Points Gain: 143

ATR Adjusted Percentage Gain: 1.07%

Trade Grade: B

I'm happy with a quick trade this week on the thread. However, I'm going to trade it slightly differently in my real account and have taken 2/3rds profit and left 1/3rd open for a longer duration trade.

 

[SlipperyC]

exit

Enough for one day! Greece might decide to default tonight! ;-)

 

[isatrader]

exit

Enough for one day! Greece might decide to default tonight! ;-)

Closing Trade

Hi Slip, your exit time on the thread was 5.49pm so the closing price I have is 7167

Dax index (DBI DAX)
Direction: Long
Entry: 7087
Exit: 7167

Points Gain: 80

ATR Adjusted Percentage Gain: 0.85%

Trade Grade: C

Well done Slip, almost a full days range with that one and it puts your Q2 total up to 1.46% with one more week to go this quarter.

 

[isatrader]

Positions Update

Attached is the positions update for Monday. I've taken the early lead with my B grade trade on the S&P 500, but it's unlikely to be the winner this week but I was happy with it.

Anyway here's the spreadsheet for today. Open prices are highlighted in red.

 

[isatrader]

Closing Trade

Hi domgilberto1989, unfortunately your stop loss has been hit in the last hour at 1281.35

Here's the closing trade details:

S&P 500
Direction: Short
Entry: 1267.9
Exit: 1281.35

Points loss: 134.5

ATR Adjusted Percentage loss: -0.99%

Trade Grade: E

Bad luck on this one domgilberto, shame it wasn't a win for your first trade on the thread. But not to worry, the loss is only small so you can make it up next week.

 

[tradeAweek]

Enter on break of 35.24
stop at 37.86 for now
Target 32

 

[isatrader]

Enter on break of 35.24
stop at 37.86 for now
Target 32

Thanks tradeAweek. Here's your updated ATR targets:

ATR Targets

Daily ATR(200) = 1.2164 (3.45%)
Weekly ATR(52) = 2.6398 (7.49%)

-1x ATR: 36.46
1x ATR: 34.02
1.5x ATR: 33.42
2x ATR: 32.81

Good luck

 

[isatrader]

Positions Update

Here's the positions update for Tuesday. Amazingly enough I'm still in the lead so far :-0

 

[tradeAweek]

@isatrader: If it's not too much trouble I want to change my entry price to
Sell limit 36.7
Stop @ 37.86
Target 32

Thanks

 

[Canto1922]

Should have bailed out of DNXS yesterday as up 8% today! Must be positive news on the way. Will wait a bit & see if spirits are further dampened by the Eurozone shenanigans

 

[isatrader]

Pat your target has been hit for gold, so here's the closing trade details:

Closing Trade

Gold
Direction: Long
Entry: 1538.7
Exit: 1550

Percentage Gain: 0.73%

ATR Adjusted Percentage Gain: 0.51%

Trade Grade: C

Well done Pat, another up week for your account

 

[isatrader]

@isatrader: If it's not too much trouble I want to change my entry price to
Sell limit 36.7
Stop @ 37.86
Target 32

Thanks

tradeAweek, your entry target was hit at 36.7 for Silver

Here's the full entry details:

Trade Details:
Silver (July Contract)
Direction: Short
Entry: 36.7
Stop: 37.86
Target: 37.86

Percentage Risk: 3.16% (-0.92% ATR Adjusted)
Percentage Risk: 14.69% (4.43% ATR Adjusted)

Risk Ratio: 4.65

Daily ATR(200): 1.2164 (3.31%)
Weekly ATR(52): 2.6398 (7.19%)

ATR Targets
-1x ATR: 37.92
1x ATR: 35.48
1.5x ATR: 34.88
2x ATR: 34.27

Good luck

 

[tradeAweek]

Thank you isa. Sorry for the trouble of changing mind on the entry price.