Forex Calls Recap for 3/5/14
We got a little bit better range and have a winner that is still going on the GBPUSD. See that section below. Unfortunately, we got stopped twice on the EURUSD. See that too.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short at A and stopped. Put it back in in the morning, triggered short at B and stopped:
GBPUSD:
Triggered long at A, hit first target at B, and still holding with a stop under UBreak:
Forex Calls Recap for 3/5/14
We got a little bit better range and have a winner that is still going on the GBPUSD. See that section below. Unfortunately, we got stopped twice on the EURUSD. See that too.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short at A and stopped. Put it back in in the morning, triggered short at B and stopped:
GBPUSD:
Triggered long at A, hit first target at B, and still holding with a stop under UBreak:
Stock Picks Recap for 3/4/14
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, PWRD triggered long (top pick) (without market support due to opening 5 minutes) and worked great:
NKTR triggered long (without market support due to opening 5 minutes) and worked:
FLIR gapped over, no play.
From the Messenger/Tradesight_st Twitter Feed, Rich's GOOG triggered short (without market support) and didn't work:
His GLD triggered long (ETF, so no market support needed) and worked:
Mark's GS triggered long (with market support) and worked great:
Rich's ALXN triggered short (without market support) and didn't work:
Rich's QCOR triggered long (with market support) and didn't work:
Although we had several more calls, nothing else triggered. GOOG had a great pattern and ended up with one of the flattest days I can recall in that stock.
In total, that's 3 trades triggering with market support, 2 of them worked, 1 did not. The big winner was the top pick that triggered out of the gate.
Stock Picks Recap for 3/4/14
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, PWRD triggered long (top pick) (without market support due to opening 5 minutes) and worked great:
NKTR triggered long (without market support due to opening 5 minutes) and worked:
FLIR gapped over, no play.
From the Messenger/Tradesight_st Twitter Feed, Rich's GOOG triggered short (without market support) and didn't work:
His GLD triggered long (ETF, so no market support needed) and worked:
Mark's GS triggered long (with market support) and worked great:
Rich's ALXN triggered short (without market support) and didn't work:
Rich's QCOR triggered long (with market support) and didn't work:
Although we had several more calls, nothing else triggered. GOOG had a great pattern and ended up with one of the flattest days I can recall in that stock.
In total, that's 3 trades triggering with market support, 2 of them worked, 1 did not. The big winner was the top pick that triggered out of the gate.
Futures Calls Recap for 3/4/14
A pretty slow session once again after a gap, this time to the upside. We didn't even trade average daily range and most of the session was a painful climb upward inch by inch, although we did reach for the tri-star level at 1875.25 on the ES for the close. NASDAQ volume was 2 billion shares. See ES section below for our winner.
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:
Triggered long at A at 1866.25, hit first target for 6 ticks, stopped second half under the entry:
Forex Calls Recap for 3/4/14
Two losers on the main calls. I did focus everyone in my opening comments to the GBPJPY and EURJPY Value Areas in particular as they were set up so nice, and both worked, one for 30 and one for 40 pips or so. See GBPUSD section below for the main calls.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A overnight and stopped. Was right on the trigger again at B when I woke up, and that stopped too:
Forex Calls Recap for 3/4/14
Two losers on the main calls. I did focus everyone in my opening comments to the GBPJPY and EURJPY Value Areas in particular as they were set up so nice, and both worked, one for 30 and one for 40 pips or so. See GBPUSD section below for the main calls.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A overnight and stopped. Was right on the trigger again at B when I woke up, and that stopped too:
Stock Picks Recap for 3/3/14
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, AEGR, CTCM, and WPRT gapped below their short triggers, so no plays there.
From the Messenger/Tradesight_st Twitter Feed, Rich's SODA triggered long (with market support) and worked:
SHLD triggered long (without market support) and worked great:
GOOG triggered short (without market support) and didn't really work, but then worked later when the market rolled a bit:
NFLX triggered short (with market support) and worked but it went very quickly after I posted it:
Nothing else triggered from all of the calls.
In total, that's 2 trades triggering with market support, both of them worked.
Stock Picks Recap for 3/3/14
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, AEGR, CTCM, and WPRT gapped below their short triggers, so no plays there.
From the Messenger/Tradesight_st Twitter Feed, Rich's SODA triggered long (with market support) and worked:
SHLD triggered long (without market support) and worked great:
GOOG triggered short (without market support) and didn't really work, but then worked later when the market rolled a bit:
NFLX triggered short (with market support) and worked but it went very quickly after I posted it:
Nothing else triggered from all of the calls.
In total, that's 2 trades triggering with market support, both of them worked.
Futures Calls Recap for 3/3/14
A bad start to the month as our entries got swept several times, proving that the entry points were valid, but getting us nowhere. See ES and NQ sections below.
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:
Triggered long at A at 1848.50 and stopped. Triggered again and stopped:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Mark's call triggered short at 3632.50 at A and stopped on a sweep. Triggered again, hit first target for 6 ticks, second half stopped 5 ticks in the money:
