Forex Calls Recap for 12/16/13
Two winners for the session. See EURUSD and GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, hit first target at B, closed second half at C when I woke up:
GBPUSD:
Also listed a Scalp Idea for GBPUSD from the Pivot (triggered long at A) to the VAH (hit it perfectly at B):
Forex Calls Recap for 12/16/13
Two winners for the session. See EURUSD and GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, hit first target at B, closed second half at C when I woke up:
GBPUSD:
Also listed a Scalp Idea for GBPUSD from the Pivot (triggered long at A) to the VAH (hit it perfectly at B):
Tradesight November 2013 Forex Results
Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October 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 October 2013
Number of trades: 24
Number of losers: 10
Winning percentage: 58.3%
Worst losing streak: 2 in a row
Net pips: +275
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 November 2013
Number of trades: 24
Number of losers: 13
Winning percentage: 45.8%
Worst losing streak: 5 in a row
Net pips: -93 pips
Wow. We remain half size, with these ranges that have continued to shrink. Meanwhile, we are not many pips under net gains as expected. This was one of the few negative month in years, and it goes along with light trading.
Tradesight November 2013 Futures Results
Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for October 2013
Number of trades: 28
Number of losers: 10
Winning percentage: 64.3%
Net ticks: +12.5 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.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Tick Results for November 2013
Number of trades: 22
Number of losers: 14
Winning percentage: 36%
Net ticks: +35 ticks
Despite Holidays and other factors, and I still trade futures less size than anything, this was a better month than we've seen. We had a small win ratio, but fewer trades than normal, and some winners were quite good and followed through finally.
Tradesight November 2013 Futures Results
Before we get to November’s numbers, here is a short reminder of the results from October. The full report from October can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for October 2013
Number of trades: 28
Number of losers: 10
Winning percentage: 64.3%
Net ticks: +12.5 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.
You can go through the reports and compare the breakdown that I give as each trade is reviewed.
Tradesight Tick Results for November 2013
Number of trades: 22
Number of losers: 14
Winning percentage: 36%
Net ticks: +35 ticks
Despite Holidays and other factors, and I still trade futures less size than anything, this was a better month than we've seen. We had a small win ratio, but fewer trades than normal, and some winners were quite good and followed through finally.
Stock Picks Recap for 12/13/13
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, LULU triggered short (with market support) and didn't work initially, worked later:
ALTR triggered short (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's LVS triggered short (with market support) and worked:
His APC triggered long (without market support) and worked:
His BIIB triggered short (with market support) and worked:
CELG triggered short (with market support) and worked:
COST triggered short (with market support) and worked:
Rich's PCLN triggered short (without market support) and didn't work:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.
Futures Calls Recap for 12/13/13
We rolled to the March 2014 (H4) contract between Thursday and Friday. And we had a nice winner to wrap up the week on the NQ. NASDAQ volume closed at a weak 1.5 billion shares.
Net ticks: +10 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 1468, hit first target for 6 ticks, and kept going. His final stop out was 1461, although it did proceed across the Value Area to the gap fill:
Forex Calls Recap for 12/13/13
A dull session again. The GBPUSD setup that was identical to the EURUSD call that we made actually worked perfectly. See both sections 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.
EURUSD:
Triggered short at A, stopped at B. Went back in at C, closed just over the entry at D for end of week:
GBPUSD:
Triggered short at A, went to first target at B:
Stock Picks Recap for 12/12/13
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, AMZN gapped under the trigger, so no official play, but it moved back up quickly and filled the gap, so you could have taken it when it triggered, and it worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's PXD triggered long (without market support) and didn't work:
His DECK triggered short (with market support) and worked enough for a partial:
TWTR triggered short (with market support) and didn't work:
SHLD triggered short (with market support) and worked enough for a partial:
In total, that's only 3 trades triggering with market support, 2 of them worked, 1 did not.
Stock Picks Recap for 12/12/13
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, AMZN gapped under the trigger, so no official play, but it moved back up quickly and filled the gap, so you could have taken it when it triggered, and it worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's PXD triggered long (without market support) and didn't work:
His DECK triggered short (with market support) and worked enough for a partial:
TWTR triggered short (with market support) and didn't work:
SHLD triggered short (with market support) and worked enough for a partial:
In total, that's only 3 trades triggering with market support, 2 of them worked, 1 did not.