Stock Picks Recap for 5/28/20
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.
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, BIDU triggered long (with market support) and didn't go enough either way to count:
VMW triggered long (with market support) and worked:
In total, that's 1 trades triggering with market support, and it worked. The other trade was flat.
Futures Calls Recap for 5/28/20
The markets opened mixed and went higher, then sold off late in the day on 4 billion NASDAQ shares.
Net ticks: +0 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A but too far out of range to take:
NQ Opening Range Play triggered long at A but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 5/28/20
A stop out for the session. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A and stopped. Worked later if you were around to enter it again:
Stocks Picks Recap for 5/27/20
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, AVGO triggered short (with market support) and didn't work:
LULU triggered short (with market support) and worked enough for a partial:
In total, that's 2 trades triggering with market support, 1 of them worked.
Futures Calls Recap for 5/27/20
The markets gapped mixed, headed lower into negative territory, bottomed out ahead of lunch, and then closed at the highs on 4.5 billion NASDAQ shares.
Net ticks: +13.5 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short and worked:
NQ Opening Range Play triggered short but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 5/27/20
Stopped out of the prior day's trade in the money, and then we had a loser and a new winner (still going). See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A and stopped. Triggered short at B, hit first target at C, still holding second half with a stop over entry:
Tradesight April 2020 Forex Results
Before we get to April's numbers, here is a short reminder of the results from March. The full report from March 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 March 2020
Number of trades: 24
Number of losers: 6
Winning percentage: 75%
Worst losing streak: 1 in a row
Net pips: +735 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 April 2020
Number of trades: 19
Number of losers: 6
Winning percentage: 68.4%
Worst losing streak: 2 in a row
Net pips: +240 pips
An interesting month with less trades but a decent set of gains nonetheless. Forex seems to be slowing down currently.
Stock Picks Recap for 5/26/20
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, GRWG gapped over, no play.
From the Messenger/Tradesight_st Twitter Feed, COST triggered short (with market support) and didn't work, worked later:
Rich's ROKU triggered short (with market support) and didn't work:
In total, that's 2 trades triggering with market support, neither of them worked, first time in a while.
Futures Calls Recap for 5/26/20
The markets gapped up and went lower, with the NASDAQ in particular going into red territory from a big gap up. NASDAQ volume was heavy at 4.4 billion shares.
Net ticks: +9 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 and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered short at A and worked:
NQ Opening Range Play triggered short at A but too far out of range to take:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
ES:
Forex Calls Recap for 5/26/20
A winner (still going) to start the short week. See GBPUSD section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered long at A, hit first target at B, still holding second half with a stop under C at 1.2300:
