Stock Picks Recap for 2/4/14
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, ANGI gapped over, no play.
From the Messenger/Tradesight_st Twitter Feed, SHLD triggered short (with market support) and worked:
Rich's AMGN triggered short (with market support) and didn't work:
His CAT triggered short (with market support) and didn't work:
His AMZN triggered short (with market support) and worked enough for a partial:
His FAS triggered long (ETF, so no market support needed) and didn't work:
His VXX triggered short (ETF, so no market support needed) and didn't work:
His GLD triggered long (ETF, so no market support needed) and worked:
In total, that's 7 trades triggering with market support, 3 of them worked, 4 did not.
Futures Calls Recap for 2/4/14
We come off of a huge day in the markets to a pretty boring session that closed one tick lower than it opened. NASDAQ volume was 2 billion shares. See ES section below.
Net ticks: -14 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:
ES set the Pivot nicely, so our call was long at 1748.50, triggered at A and stopped. Put it back in and triggered at B and stopped. Would have eventually worked on the next trigger:
Futures Calls Recap for 2/4/14
We come off of a huge day in the markets to a pretty boring session that closed one tick lower than it opened. NASDAQ volume was 2 billion shares. See ES section below.
Net ticks: -14 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:
ES set the Pivot nicely, so our call was long at 1748.50, triggered at A and stopped. Put it back in and triggered at B and stopped. Would have eventually worked on the next trigger:
Forex Calls Recap for 2/4/14
One stop out and nothing else as the Forex pairs stayed very contained for the session. 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, neither trade triggered after and it used the Pivot perfectly:
Stock Picks Recap for 2/3/14
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.
Big session for making money to start the week.
From the report, URBN triggered short (with market support) and worked great:
BCOV triggered short (with market support) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich's LNKD triggered long (with market support, the only bar of the day where direction was green) and worked:
FSLR triggered short (with market support) and worked:
GS triggered short (with market support) and worked:
SINA triggered short (with market support) and worked:
Rich's TWTR triggered long (without market support) and worked for a scalp, was based on a 1-minute Comber signal for reversal:
In total, that's 6 trades triggering with market support, all 6 of them worked.
Stock Picks Recap for 2/3/14
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.
Big session for making money to start the week.
From the report, URBN triggered short (with market support) and worked great:
BCOV triggered short (with market support) and worked great:
From the Messenger/Tradesight_st Twitter Feed, Rich's LNKD triggered long (with market support, the only bar of the day where direction was green) and worked:
FSLR triggered short (with market support) and worked:
GS triggered short (with market support) and worked:
SINA triggered short (with market support) and worked:
Rich's TWTR triggered long (without market support) and worked for a scalp, was based on a 1-minute Comber signal for reversal:
In total, that's 6 trades triggering with market support, all 6 of them worked.
Futures Calls Recap for 2/3/14
An NQ call that worked but just barely stopped the second half of the trade before making a move that would have been huge. See that section below.
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:
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 A at 3495.75 and hit first target for 6 ticks. He moved the stop to the entry and it barely stopped the second half before the market plunged:
Forex Calls Recap for 2/3/14
A nice winner to start the week. 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 at C unfortunately on a reversal spike before proceeding lower:
Forex Calls Recap for 2/3/14
A nice winner to start the week. 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 at C unfortunately on a reversal spike before proceeding lower:
Tradesight January 2014 Forex Results
Before we get to January’s numbers, here is a short reminder of the results from December. The full report from December 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 December 2013
Number of trades: 24
Number of losers: 10
Winning percentage: 58.3%
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 January 2014
Number of trades: 27
Number of losers: 15
Winning percentage: 55.5%
Worst losing streak: 4 in a row
Net pips: +155 pips
Despite the fact that the US Dollar Index has been in a one and a half point range for 3 months and ranges have been poor, we continue to scratch out winners. Our trading system simply works, even when things aren't as exciting as they could be. I'll leave it at that for January. We hope for better ranges in February so we can get back to full size. It would be nice if the US Dollar Index would break the range either way.