Stock Picks Recap for 10/26/16
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, JCOM triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's VLO triggered long (with market support) and worked:
His FB triggered long (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 10/26/16
Yet another very light volume session with a dead flat opening hour. The futures eventually headed up to fill the gap and the ES did. There was a perfect Value Area setup on the NQ, but it didn't trigger. We ended up trading average daily range on 1.5 billion NASDAQ shares and closed mid-range.
Net ticks: -11 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, triggered long at B and worked enough for a partial:
NQ Opening Range Play triggered short at A and worked enough for a partial, triggered long at B and didn't work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 10/26/16
Another slow session, this one with a loser and then a winner that is still working. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Triggered long at B, hit first target at C, and still holding the second half with a stop under UPT:
Stock Picks Recap for 10/25/16
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, ALGN triggered short (with market support) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich's X triggered long (with market support) and worked:
His CAT triggered long (with market support) and worked enough for a partial:
His AMZN triggered long (without market support) and worked:
BIIB triggered short (with market support) and worked:
GS triggered long (with market support) and didn't work:
TSLA triggered short (with market support) and didn't work:
In total, that's 6 trades triggering with market support, 4 of them worked, 2 did not.
Futures Calls Recap for 10/25/16
Another day, another volume issue as the markets continue to struggle. The broad market gapped down a little and took an hour to fill, and that was the high, then we rolled and bit and bottomed out over lunch. 10 points of ES range on 1.4 billion NASDAQ shares.
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 worked:
NQ Opening Range Play triggered long at A and didn't work:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
My call triggered short at A at 2139.50, hit first target for 6 ticks, and stopped second half over the entry:
Forex Calls Recap for 10/25/16
A dead session overnight but then a nice move for the North American session that gave us a winner. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A, hit first target at B, stopped second half over the entry:
Tradesight September 2016 Futures Results
Before we get to September’s numbers, here is a short reminder of the results from August. The full report from August can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for August 2016
Number of trades: 66
Number of losers: 25
Winning percentage: 62.1%
Net ticks: +119 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 September 2016
Number of trades: 62
Number of losers: 29
Winning percentage: 53.2%
Net ticks: -12 ticks
August tends to be slow, although that wasn't true in 2015. Sometimes after Labor Day, things tend to pick up again in September, and then the markets typically get exciting from October through May or so. This year, September ended up being slower and less active than August. Volume was horrible. Many days saw no movement in the first hour of play at all, which is usually when most of the money is made. And along with that environment, we ended up with our first negative month for Futures trading in 2016, although only losing 12 ticks, including a 40 tick loss on the second to last day of the month when all 4 Opening Range trades stopped out for the first time I can recall this year. Still, it speaks volumes about our system that even when the markets dry up completely and our win ratio drops significantly, we basically tread water. On to October...
Tradesight September 2016 Forex Results
Before we get to September’s numbers, here is a short reminder of the results from August. The full report from August 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 August 2016
Number of trades: 28
Number of losers: 14
Winning percentage: 50%
Worst losing streak: 3 in a row
Net pips: +95 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 September 2016
Number of trades: 24
Number of losers: 15
Winning percentage: 37.5%
Worst losing streak: 3 in a row
Net pips: -60 pips
We always talk about how the Forex market slows down in August and sometimes stays that way through September. We go half size when that happens, and we stay that way until action picks up. Even though we made money in August, things were actually much slower in September, with several nights of only 50 pips of range on the EURUSD and GBPUSD. Not a good environment for making money, and it gave us our first negative month of 2016 (getting a negative month in August or September happens almost every year). Still, despite winning on 37.5% of our trades, the loss was smaller than August's gains, which speaks to how our system works. Although I haven't seen things pick up yet in October as I write this, we should start to see better conditions soon.
Stock Picks Recap for 10/24/16
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, AKAM triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's AAPL triggered long (with market support) and didn't work enough either way to count, closed $0.10 in the money:
Rich's FB triggered long (with market support) and also didn't go enough in either direction to count, closed $0.25 in the money:
His TXN triggered long (without market support) and worked a little:
In total, that's 1 trade triggering with market support, and it of them worked. Everything else did very little.
Futures Calls Recap for 10/24/16
Volume (and action) issues continue. The markets gapped up and were dead flat for over an hour, never really doing anything of interest all day on 1.3 billion NASDAQ shares. Opening Range plays never had a chance. Some people think it is good when the Opening Ranges are narrow because you don't have to risk much, but it also means it is easier to stop out. See those below.
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 long at A and stopped (missed the 8 tick partial by 1 tick), triggered short at B and worked eventually for a partial:
NQ Opening Range Play triggered long at A and stopped, triggered short at B and stopped (valid because it was into the gap):
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
