Futures Calls Recap for 8/15/16
A boring session as expected. The markets gapped up and took an hour before deciding to push a little higher and then flatlined for the rest of the day on barely 1.4 billion NASDAQ shares.
Net ticks: +7.5 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A but I closed for a 2-tick loss after 30 painful minutes of nothing happening:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/15/16
A loser and a winner for the session as we remain half size for summer doldrums. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A and stopped, triggered short at B, hit first target at C, still holding second half with a stop over LBreak:
Tradesight July 2016 Futures Results
Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for June 2016
Number of trades: 59
Number of losers: 22
Winning percentage: 62.7%
Net ticks: +156.5 ticks
Reminder: Here are the rules.
1) Totals for the month are based on trades that occurred on trading days in the calendar month.
2) Trades are based on the calls in the Twitter feed exactly as we call them and manage them as well as the Opening Range plays under the basic strategy we teach for those in our course. We do not count everything you could have done from taking our courses and using our tools.
3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 6 ticks on one half and 12 on the second, that’s a 9-tick winner.
4) Pure losers (trades that just stop out) are considered 7 tick losers. We don’t risk more than that in the Twitter calls.
It is important to note that these results do not include the Tradesight Value Area or Institutional Range plays, all of which have been working quite well on their own.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Tick Results for July 2016
Number of trades: 58
Number of losers: 16
Winning percentage: 72.4%
Net ticks: +222.5 ticks
If you had told me that we were going to top June, which included some big winners around the Brexit vote, and especially that it was going to happen in the summer month of July, I probably would have said that you were off your rocker. And yet, there it is, I believe our single best month of mechanical trades and discretionary trade calls with 222.5 ticks of net gains. The win ratio of 72.4% is one of our best ever as well. I'll go out on a limb and say that I doubt August will come close, but this is a nice additional to what has already been a great year.
Tradesight July 2016 Forex Results
Before we get to July’s numbers, here is a short reminder of the results from June. The full report from June can be found here and you can get the last several months in a row vertically by clicking here and scrolling down.
Tradesight Pip Results for June 2016
Number of trades: 27
Number of losers: 11
Winning percentage: 59.3%
Worst losing streak: 3 in a row
Net pips: +840 pips
Reminder: Here are the rules.
1) Calls made in the calendar month count. In other words, a call made on August 31 that triggered the morning of September 1 is not part of September. Calls made on Thursday, September 30 that triggered between then and the morning of October 1 ARE part of September.
2) Trades that triggered before 8 pm EST / 5 pm PST (i.e. pre Asia) and NEVER gave you a chance to re-enter are NOT counted. Everything else is counted equally.
3) All trades are broken into two pieces, with the assumption that one half is sold at the first target and one half is sold at the final exit. These are then averaged. So if we made 40 pips on one half and 60 on the second, that’s a 50-pip winner. If we made 40 pips on one half, never adjusted our stop, and the second half stopped for the 25 pip loser, then that’s a 7 pip winner (15 divided by 2 is 7.5, and I rounded down).
4) Pure losers (trades that just stop out) are considered 25 pip losers. In some cases, this can be a few more or a few less, but it should average right in there, so instead of making it complicated, I count them as 25 pips.
5) Trade re-entries are valid if a trade stops except between 3 am EST and 9 am EST (when I’m sleeping). So in other words, even if you are awake in those hours and you could have re-entered, I’m only counting things that I would have done. This is important because otherwise the implication is that you need to be awake 24/6. Triggers that occur right on the Big Three news announcements each month don’t count as you shouldn’t have orders in that close at that time.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Pip Results for July 2016
Number of trades: 25
Number of losers: 13
Winning percentage: 48.0%
Worst losing streak: 5 in a row
Net pips: +180 pips
It was always going to be tough to beat our results from June the way that we caught the big winners after the Brexit vote, but the second half of July settled into the traditional summer doldrums. After putting in a decent first half of the month (11 winners out of 16) we closed with a much worse ratio (1 winner out of 9) once the ranges dropped off. We also went half size during that period (and remain half size into August), but our raw totals here only reflect pips, not size. We expect August to be slow and then for things to pick up after Labor Day as usual.
Stock Picks Recap for 8/12/16
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, no calls.
From the Messenger/Tradesight_st Twitter Feed, no calls.
In total, that's 0 trades called, a rare event indeed.
Futures Calls Recap for 8/12/16
What a dull session as expected. Markets gapped down small and did nothing for the first hour, one of the flattest I've seen. Eventually, we drifted up to fill the gaps, but that was it. Closed around even on 1.3 billion NASDAQ shares. See Opening Range plays below, which I eventually closed.
Net ticks: +4 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and I finally closed for 3 ticks after almost an hour:
NQ Opening Range Play triggered long at A and I closed for 1 tick after almost an hour:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/12/16
Two stop outs for the session in narrow range again on half size ahead of the news pop. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index.
GBPUSD:
Triggered long at A and stopped, triggered short at B and stopped. If you were awake to put them back in, it triggered long at C and would have worked:
Stock Picks Recap for 8/10/16
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, ADBE triggered long (without market support) and worked:
FSLR gapped under, no play.
ACOR triggered short (with market support) and worked enough for a partial:
From the Messenger/Tradesight_st Twitter Feed, Rich's MYGN triggered short (with market support) and worked:
His MU triggered short (with market support) and literally didn't go enough in either direction all day, closed at the trigger:
His AAPL triggered short (with market support) and worked:
His CELG (which he stole from me by 30 seconds) triggered short (with market support) and worked:
His SPWR triggered long (without market support) and didn't go enough in either direction to count:
His IBB triggered short (ETF, so no market support needed) and didn't work:
His VXX triggered long (ETF, so no market support needed) and worked:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.
Futures Calls Recap for 8/10/16
The markets opened up a little and filled quickly. Opening Range plays worked and nothing else really set up as we were stuck in a narrow range for the first hour on a volume warning and barely made 12 points of ES range for the session before returning to the VWAP on 1.5 billion NASDAQ shares.
Net ticks: +12.5 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked:
NQ Opening Range Play triggered short at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/10/16
Another winner in the GBPUSD as we remain half size for summer. Some clean technical action there too. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, hit first target at B, note the perfect use of R2 at C, stopped second half at D in the morning:
