Forex Calls Recap for 8/5/15
Less than half size ahead of the Trade Balance number, which is one of our Big Three economic data releases each month, and you can see why on the long trigger. See EURUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
The short call triggered very early yesterday evening before some people might have even traded and eventually stopped. The long triggered at A on the Trade Balance news spike, which is why we use less size ahead of major news releases (frankly, if you are awake right ahead of the news, you should cancel the orders). We put them back in in the morning and the short triggered at B and stopped:
Stock Picks Recap for 8/4/15
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, WERN triggered in the last few minutes of the day, not enough time to do anything, and without market support anyway.
From the Messenger/Tradesight_st Twitter Feed, Mark's TEVA triggered long (with market support) and worked:
EBAY triggered long (with market support) and literally stuck in a few cent range, so not enough to count:
In total, that's 1 trades triggering with market support, it worked.
Futures Calls Recap for 8/4/15
Finally, a day when the Opening Range plays didn't work. First in a while. Meanwhile, our first main trade call for the month worked a little, but the market was stuck in narrow range on light 1.6 billion NASDAQ share volume. See ES section below.
Net ticks: +2.5 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 and didn't work. Triggered short at B but was too far outside of OR to take:
NQ Opening Range Play triggered long at A and didn't work. Triggered short at B while we were still long ES, and I don't like to play both directions at once:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Triggered short at A at 2089.75, hit first target for 6 ticks, stopped second half over the entry:
Forex Calls Recap for 8/4/15
Another dull summer session and a minor winner in the GBPUSD. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, eventually hit first target at B, stopped second half under entry at C in the morning:
Stock Picks Recap for 8/3/15
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, VRTX triggered long (without market support) and didn't work, worked later:
CARA triggered long (without market support) and worked:
AMBC triggered short (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, AMZN triggered short (with market support) and didn't work, worked later:
FEYE triggered short (with market support) and worked:
Mark's BABA triggered short (with market support) and worked:
GS triggered short (with market support over lunch) and worked enough for a partial:
In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.
Futures Calls Recap for 8/3/15
The markets opened fairly flat and played around both ways early. There was a nice winner in the Opening Range plays in the ES and then things settled down until rolling over during lunch on no volume. The afternoon was then dull, and we pushed up a little to the VWAP for the close on 1.6 billion NASDAQ 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:
NQ Opening Range Play triggered long at A, but as I said in the Lab, I don't like to take opposing OR trades typically, and the ES was already triggered short:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 8/3/15
Barely 50 pips of range on the EURUSD for the session. Feels like summer and we will remain half size because of it. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short at A and stopped at B:
Tradesight June 2015 Futures Results
Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for May 2015
Number of trades: 7
Number of losers: 2
Winning percentage: 71.4%
Net ticks: +20.5 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 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 June 2015
Number of trades: 11
Number of losers: 3
Winning percentage: 72.4%
Net ticks: +42 ticks
Despite summer doldrums and general market slowdown, we had a great month in the few trade calls that triggered. Even better and unaccounted for, we saw 18 out of 22 days be profitable using the ES and NQ opening range plays, many of them for lots of ticks. It's just a great result overall in a narrow environment on light volume.
Tradesight June 2015 Forex Results
Before we get to May’s numbers, here is a short reminder of the results from May. The full report from May 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 May 2015
Number of trades: 29
Number of losers: 13
Winning percentage: 44.8%
Worst losing streak: 3 in a row
Net pips: +320 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 June 2015
Number of trades: 28
Number of losers: 14
Winning percentage: 50%
Worst losing streak: 4 in a row
Net pips: +10 pips
After months of big wins, things finally slowed down in June, which isn't unusual for summer. In fact, we went half size in July, right after this, and that's normal. Can't complain after locking up over 1000 pips of gains in the last few months. Ranges are dropping a bit.
Stock Picks Recap for 7/31/15
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, ENTA gapped over the trigger, so no play, although it did fill the gap and then trigger, which is valid too based on our teachings.
CAKE triggered long (without market support) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Mark's LNKD triggered short (with market support) and worked for a couple of points:
BABA triggered short (with market support) and worked:
TWTR triggered short (with market support) and worked enough for a partial:
Mark's AAPL triggered short (with market support) and worked:
FSLR triggered short (with market support) and worked:
In total, that's 5 trades triggering with market support, all of them worked.