Stock Picks Recap for 11/24/20
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, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich's FB triggered long (without market support) and worked great:
His NVDA triggered short (with market support) and worked enough for a partial:
His CAT triggered long (with market support) and worked:
In total, that's 2 trades triggering with market support, both of them worked.
Futures Calls Recap for 11/24/20
The markets gapped up, the NASDAQ came down while the broad market held, and then things turned up until lunch. Then, as expected, everyone left, and the rest of the day was dead flat on 6.2 billion NASDAQ shares.
Net ticks: +15.5 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, triggered long at B and worked:
NQ Opening Range Play triggered short at A but just a little too far out of range to take under the rules (I would still take this given the world we have been in):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 11/24/20
Two losers for the session. Not much going on. 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 and stopped:
Tradesight August 2020 Forex Results
Before we get to the August numbers, here is a short reminder of the results from July. The full report from July 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 July 2020
Number of trades: 26
Number of losers: 9
Winning percentage: 65.4%
Worst losing streak: 3 in a row
Net pips: +235 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 August 2020
Number of trades: 31
Number of losers: 15
Winning percentage: 51.6%
Worst losing streak: 3 in a row
Net pips: +95 pips
August is almost always the slowest month of the year in Forex, and this year was no exception. We still had plenty of triggers, but the win ratio was lower, and that's not unusual. Still nothing wrong with the month.
Stock Picks Recap for 11/23/20
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, KIRK gapped over, no play.
FRTA triggered long (without market support) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Rich's LVS triggered short (with market support) and didn't work:
His AVGO triggered long (with market support) and didn't work:
In total, that's 2 trades triggering with market support, neither of them worked.
Futures Calls Recap for 11/23/20
The markets gapped up, went higher, came back to fill the gaps, and then came back up a bit so the ES closed positive and the NASDAQ was dead even on 5.4 billion NASDAQ shares.
Net ticks: +22 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 worked great, triggered short at B and worked enough for a partial:
NQ Opening Range Play, both trades were too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
E
ES:
Forex Calls Recap for 11/23/20
A winner for the session. See the GBPUSD 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, stopped second half in the money at C:
Stock Picks Recap for 11/20/20
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 for expiration.
From the Messenger/Tradesight_st Twitter Feed, Rich's YY triggered short (with market support) and didn't work:
In total, that's 1 trade triggering with market support, and it didn't work.
Futures Calls Recap for 11/20/20
A flat day until the last 15 minutes for options expiration on 5.3 billion NASDAQ shares.
Net ticks: -28 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 stopped under the midpoint, triggered long at B and stopped under the midpoint:
NQ Opening Range Play, too far out of range to take...new rules for the NQ coming soon!:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 11/20/20
A loser to end a very boring week. 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:
