Forex Calls Recap for 10/8/13
Another unexciting session, but some really pure technical action in the GBPUSD. See that section below. Trade Balance didn't do much to move things.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Went up exactly to the R1 level at B but didn't trigger. There was also a setup mid-morning straight out of the teachings of the Advanced Forex course here that worked for 40-50 pips:
Forex Calls Recap for 10/8/13
Another unexciting session, but some really pure technical action in the GBPUSD. See that section below. Trade Balance didn't do much to move things.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A and stopped. Went up exactly to the R1 level at B but didn't trigger. There was also a setup mid-morning straight out of the teachings of the Advanced Forex course here that worked for 40-50 pips:
Stock Picks Recap for 10/7/13
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, FTNT triggered long (with market support) and didn't go a dime in either direction:
IRWD triggered short (without market support) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Rich's CIEN triggered long (with market support) and worked:
His FFIV triggered long (with market support) and worked:
His GOOG triggered short (without market support) and worked for a couple of points:
TEVA triggered long (with market support) and worked a little:
Rich's XONE triggered long (with market support) and worked great:
In total, that's 4 trades triggering with market support, all 4 of them worked. We don't count FTNT as it went nowhere.
Futures Calls Recap for 10/7/13
A small winner in the NQ to start the week on a light volume session of 1.4 billion NASDAQ shares.
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:
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 long at 3227.50 at A, hit first target for 6 ticks, and stopped second half under the entry:
Forex Calls Recap for 10/7/13
A winner to start the week, although we ended up closing out the whole position because it never got to the first target. See GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, never hit stop or first target, finally closed at B for 30 pips for end of session:
Forex Calls Recap for 10/7/13
A winner to start the week, although we ended up closing out the whole position because it never got to the first target. See GBPUSD below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, never hit stop or first target, finally closed at B for 30 pips for end of session:
Tradesight September 2013 Futures Results
Tradesight Tick Results for August 2013
Number of trades: 16
Number of losers: 8
Winning percentage: 50%
Net ticks: -33 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 September 2013
Number of trades: 24
Number of losers: 8
Winning percentage: 67.7%
Net ticks: +67.5 ticks
We came back from summer and Labor Day and the markets had a jolt of action for a week. It really looked like things were getting back to normal. Overall, the month was solid with a good win ratio and some winners that went further than just a first target and getting stopped out (and not just one trade like that, but many). However, the ranges and volume dried up a bit later in the month again as the government shutdown kicked in. So, we'll see how it goes this next month as we are entering the better six months of the year for futures trading. Overall, a solid month here in futures. Note that the ES and NQ 6-month ranges didn't change much from the prior month.
Tradesight September 2013 Forex Results
Tradesight Pip Results for August 2013
Number of trades: 27
Number of losers: 13
Winning percentage: 51.8%
Worst losing streak: 3 in a row
Net pips: +120
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 2013
Number of trades: 22
Number of losers: 8
Winning percentage: 63.6%
Worst losing streak: 2 in a row
Net pips: +175
We remain half size in our Forex trading as the ranges have not returned since the end of summer. Currently, the US government shutdown is making the situation worse, and there is no reason to return to full size until that ends and the ranges expand. The EURUSD and GBPUSD both saw their 6-month average daily ranges drop about 4-5 pips during the month. Overall, we still did well. We had less trades trigger than usual. There was a Holiday to start the month, but there were also days with no trades that triggered. Our win ratio was solid at 63.6, and there were a few plays that led to bigger winners. Overall, nothing to complain about considering the environment.
Tradesight September 2013 Forex Results
Tradesight Pip Results for August 2013
Number of trades: 27
Number of losers: 13
Winning percentage: 51.8%
Worst losing streak: 3 in a row
Net pips: +120
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 2013
Number of trades: 22
Number of losers: 8
Winning percentage: 63.6%
Worst losing streak: 2 in a row
Net pips: +175
We remain half size in our Forex trading as the ranges have not returned since the end of summer. Currently, the US government shutdown is making the situation worse, and there is no reason to return to full size until that ends and the ranges expand. The EURUSD and GBPUSD both saw their 6-month average daily ranges drop about 4-5 pips during the month. Overall, we still did well. We had less trades trigger than usual. There was a Holiday to start the month, but there were also days with no trades that triggered. Our win ratio was solid at 63.6, and there were a few plays that led to bigger winners. Overall, nothing to complain about considering the environment.
Stock Picks Recap for 10/4/13
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, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, Rich's GOOG triggered short (with market support) and worked for a couple of points:
AAPL triggered short (without market support) and worked for a couple of points:
Rich's KKD triggered long (with market support) and worked great:
His CF triggered long (with market support) and worked:
In total, that's 3 trades triggering with market support, all 3 of them worked.