Tradesight July 2015 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 2015
Number of trades: 28
Number of losers: 14
Winning percentage: 50%
Worst losing streak: 4 in a row
Net pips: +10 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 2015
Number of trades: 26
Number of losers: 14
Winning percentage: 53.8%
Worst losing streak: 4 in a row
Net pips: +175 pips
We went to half size partway into July, as we usually do in the summer when activity starts to dry up. August should be worse as usual. Still, ranges didn't fall too far overall yet and we still squeaked out gains, adding to our nice tally for the year.
Tradesight July 2015 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 2015
Number of trades: 11
Number of losers: 3
Winning percentage: 72.4%
Net ticks: +42 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 Messenger exactly as we call them and manage them and 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 Messenger calls.
It is important to note that these results do not include the Tradesight Value Area, Opening Range, 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 2015
Number of trades: 14
Number of losers: 4
Winning percentage: 71.4%
Net ticks: +15.5 ticks
In addition, our Opening Range Plays worked 17 out of 22 days in the month, continuing the usual streak. Easiest play on the planet.
Overall, the ranges in the markets dipped a bit in July, which is not uncommon in summer. There were a lot more days glued to the VWAP after lunch and we spent more time at the key 2062.50 number that has been our key point since Thanksgiving last year. August will be interesting, but nothing to complain about here with the futures.
Stock Picks Recap for 8/7/15
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, MYGN triggered short (without market support due to opening 5 minutes) and worked:
From the Messenger/Tradesight_st Twitter Feed, FB triggered short (with market support) and worked enough for a partial:
Mark's BIDU triggered long (with market support) and worked enough for a partial:
GILD triggered short (with market support) and didn't work:
In total, that's 3 trades triggering with market support, 2 of them worked, 1 did not.
Futures Calls Recap for 8/7/15
A small gap down that never filled and a mostly boring session. No surprise for a summer Friday after a couple of nice days.
Net ticks: +3 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 didn't work:
NQ Opening Range Play triggered short at B and worked enough for a partial:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 2069.75, hit first target for 6 ticks, stopped second half at entry:
Forex Calls Recap for 8/7/15
This is exactly why we use half size in August and less than that ahead of NFP, which is one of our big three data points each month. 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 short early at A and stopped. Triggered long on NFP at B and stopped:
Stock Picks Recap for 8/6/15
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, NDAQ triggered long (without market support) and worked enough for more than a partial:
HABT gapped under the trigger, no play.
From the Messenger/Tradesight_st Twitter Feed, Mark's NFLX triggered long (without market support) and worked enough for a partial:
BIDU triggered long (without market support) and worked enough for partial:
Mark's GOOG triggered short (with market support) and did not work initially, worked on the retrigger:
LNKD triggered short (with market support) and worked great:
In total, that's 2 trades triggering with market support, 1 of them worked, 1 did not, but should have been a nice day with LNKD. See YouTube video.
Futures Calls Recap for 8/6/15
The markets gapped up a little and gave us huge Opening Range play winners to the downside. We proceeded lower until the middle of the session and then came back up to the VWAP for the close. NASDASQ volume was 2.1 billion shares.
Net ticks: +0 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 great:
NQ Opening Range Play triggered short at A and worked great:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/6/15
Another dull session. See EURUSD below. It is August for sure. We remain half size.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short at A and didn't work:
Stock Picks Recap for 8/5/15
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, CSOD gapped over, no play.
GPRE triggered short (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, GILD triggered short (with market support) and worked:
GS triggered short (with market support) and worked:
LNKD triggered short (without market support) and worked:
WYNN triggered short (with market support) and ran out of time before going enough either way to count:
In total, that's 3 trades triggering with market support, all 3 of them worked nicely.
Futures Calls Recap for 8/5/15
A big gap up in the markets and some boring action heading up in the early session led to not much that interested me from a trade call perspective. However, our Opening Range plays on the ES and NQ triggered again and worked great, so not much else is needed. The markets eventually headed back down into the gaps but didn't fill them on 1.8 billion NASDAQ shares.
Net ticks: +0 ticks on main calls, big gains on Opening Range Plays.
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 worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
