Forex Calls Recap for 5/23/13
That is some slow-moving Forex stuff. See EURUSD section below for our winner on the session, but it sure took a long time to get there.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, never stopped, finally hit first target at B, holding with a stop under UPT at C:
Forex Calls Recap for 5/23/13
That is some slow-moving Forex stuff. See EURUSD section below for our winner on the session, but it sure took a long time to get there.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A, never stopped, finally hit first target at B, holding with a stop under UPT at C:
Stock Picks Recap for 5/22/13
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, ARAY triggered long (with market support) and didn't work:
VECO triggered long (without market support due to opening 5 minutes) and didn't work:
From the Messenger/Tradesight_st Twitter Feed, Rich's AMZN triggered short (without market support) and didn't work:
His ABX triggered long (with market support) and worked enough for a partial:
His GDX triggered long (ETF, so no market support needed) and worked:
His DUST triggered short (without market support) and worked:
Mark's GILD triggered long (with market support) and worked:
TEVA triggered short (without market support) and worked:
Rich's FSLR triggered short (without market support) and didn't work, although it did work later with market support:
His SWI triggered short (with market support) and didn't work:
BBRY triggered short (with market support) and worked:
In total, that's 6 trades triggering with market support, 4 of them worked, 2 did not.
Futures Calls Recap for 5/22/13
Net ticks: +2 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 short at 1672.25 at A and stopped for 7 ticks. This was actually not the price I meant to enter, which was under the VAH after it set that level. Apologies:
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 long triggered at A at 3038.00, hit first target, he adjusted the stop three times and stopped the final piece at 3044.00 at B:
Forex Calls Recap for 5/22/13
A wild session, mostly due to Bernanke's testimony to Congress. This took the US Dollar down and back again for the session. See EURUSD section below for our trade triggers.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A early and stopped. Triggered long again in the morning at B, hit first target at C, and lowered stop under UPT, which stopped at D. Amazingly, the reversal caused the short to trigger late in the session at E, and I closed it out at F for 10 pips as it had come a long ways to get there. It ended up working to the first target. Could have just moved a stop over the entry level:
Forex Calls Recap for 5/22/13
A wild session, mostly due to Bernanke's testimony to Congress. This took the US Dollar down and back again for the session. See EURUSD section below for our trade triggers.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered long at A early and stopped. Triggered long again in the morning at B, hit first target at C, and lowered stop under UPT, which stopped at D. Amazingly, the reversal caused the short to trigger late in the session at E, and I closed it out at F for 10 pips as it had come a long ways to get there. It ended up working to the first target. Could have just moved a stop over the entry level:
Stock Picks Recap for 5/21/13
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, SKUL triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's JPM triggered long (with market support) and worked:
His GDX triggered long (ETF, so no market support needed) and didn't work:
GOOG triggered short (without market support under 905) and didn't work:
Added a second GOOG trigger short that triggered (with market support this time) and worked:
Mark's GILD triggered long (with market support) and worked enough for a partial:
SINA triggered short (without market support) and worked:
Rich's SPWR triggered short (with market support) and worked:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.
Stock Picks Recap for 5/21/13
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, SKUL triggered long (with market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's JPM triggered long (with market support) and worked:
His GDX triggered long (ETF, so no market support needed) and didn't work:
GOOG triggered short (without market support under 905) and didn't work:
Added a second GOOG trigger short that triggered (with market support this time) and worked:
Mark's GILD triggered long (with market support) and worked enough for a partial:
SINA triggered short (without market support) and worked:
Rich's SPWR triggered short (with market support) and worked:
In total, that's 6 trades triggering with market support, 5 of them worked, 1 did not.
Futures Calls Recap for 5/21/13
A clean winner on the NQ. I cancelled an ES long call over lunch that would have at least worked to the first target. See NQ section below.
Net ticks: +6.5 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.
Triggered short at 3017.00, hit first target for 6 ticks, and closed final piece 7 ticks in the money:
Forex Calls Recap for 5/21/13
Not an exciting session. We stopped out of the GBPUSD from the prior session in the money, and had new triggers on the EURUSD. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Triggered short very early (half size) in the Asian session and A and stopped. Triggered short again in the normal session at B, never made it to the first target, and closed out just over the entry at C:
GBPUSD:
Closed the second half of the prior day's trade for 40 pips:
