Long Term Trading - Entries

I entered in 2 new Long-Term positions on Friday. They are both reported in this post.

Long Sep 07 Copper : Entered on June 29thLong: 3,4340 -- Initial Stop: 3,2890 -- Objective: 3.9870

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III


Long Sep 07 Euro: Entered on June 29thLong: 1,3553 -- Initial Stop: 1,3415 -- Objective: 1.3910

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III.

Trade Nbr. 60 - 2007

Long Aug 07 Crude Oil : Entered on June 27th - Closed on June 27th.

Long: 68.84 -- Initial Stop: 68.56 -- Sold : 69.08 -- Result: 0,86R

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Stopped by my trailing stop.

Comments: The market was not willing to give more...... The initial stop was slightly too loose I could have increased my position size accordingly...

Trade Nbr. 59 - 2007

Long Sep 07 Wheat : Entered on June 27th - Closed on June 27th.

Long: 631 4/8 -- Initial Stop: 625 6/8 -- Sold : 630 4/8 -- Result: -0,18R

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Stopped by my trailing stop.

Comments: Good exit !! Difficult market....

Trade Nbr. 58 - 2007

Short Sep 07 E-mini S&P: Entered on June 26th - Closed on June 26th.

Short: 1513.50 -- Initial Stop: 1518.50 -- Covered: 1507.50-- Result: 1,20R

Bearish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Covered as my trailing stop was hit.....

Comments : Frustrating trade... Still struggling with my exits !! My current trailing technique was not effective in this case but I will continue to apply it before drawing any conclusions as far as its efficiency is concerned....

Trade Nbr. 57 - 2007

Long July 07 Copper : Entered on June 20th - Closed on June 26th.

Long: 3,4270 -- Initial Stop: 3,2500 -- Sold : 3,3210 -- Result: -0,60R

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Stopped by my trailing stop.

Comments: Good entry but Exit could have been improved somewhat....

Trade Nbr. 56 - 2007

Short Sep 07 E-mini S&P: Entered on June 22th - Closed on June 22th.

Short: 1527.00 -- Initial Stop: 1530.00 -- Covered: 1521.0-- Result: 2,0R

Bearish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Covered as the market reached my objective in Screen II (lower enveloppe).

Comments : Decent trade... After suffering the choppy market earlier in the session I got another signal to short it. Entry was good, stop-loss was much more favorable than the first trade of the day and exit was at my objective.... I should have trailed part of the position but the initial choppiness did not convince me that such a move would occur today....

Trade Nbr. 55 - 2007

Short Sep 07 E-mini S&P: Entered on June 22th - Closed on June 22th.

Short: 1527.25 -- Initial Stop: 1533.25 -- Covered: 1528.25-- Result: -0,16 R

Bearish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Covered as the market was reversing hard after printing a threatening tail in the previous candle.

Comments : Difficult trade... Very choppy market......

Very good post about the 3 keys to success in the markets

Richard, at http://www.movethemarkets.com/ wrote a very good article about the 3 keys to success in the markets. I highly recommend to read it since it can help anyone realizing what is the path to finding success in the markets.

Here goes the link to the article :

http://www.movethemarkets.com/blog/2007/06/20/3-keys-for-success-trade-naturally/

Enjoy !!

Long Term Trading

From now on I will add some diversification to my short-term trading. I will take Long Term positions and will report them under Trades2.x in my diary. These positions will last anywhere between 1 week and 6/8 weeks. I will post the entry and initial stop as I enter the position and report them once they are closed out. Let's begin with the first such entry realized this am....

Long July 07 Copper : Entered on June 20th.

Long: 3,4270 -- Initial Stop: 3,2500 -- Profit-Objective: 3,9725 -- R/R: 3,08R

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III

Trade Nbr. 54 - 2007

Long Aug 07 Crude Oil: Entered on June 19th - Closed on June 19th.

Long: 69,55 -- Initial Stop: 69,19 -- Sold: 69,55 -- Result: 0,00R

Bullish in Screen I - At value in Screen II - Entry Set-up 1 in Screen III - Sold as the market reversed the initial push higher.

Comments: Solid trade, did not let a winner turn into a loser....

Trade Nbr. 53 - 2007

Long July 07 Crude Oil: Entered on June 6th- Closed on June 6th.

Long: 65,92 -- Initial Stop: 65,62 -- Sold: 65,98 -- Result: 0,20R

Bullish in Screen I - At value in Screen II - Entry Set-up 1 in Screen III - Sold after the previous candle printed a threatening tail and the market failed to follow-through indicating a lack of momentum.

Comments: Solid trade, the market was not willing to move today !!

Trade Nbr. 52 - 2007

Long July 07 Crude Oil: Entered on June 4th- Closed on June 4th. Long: 65,07 -- Initial Stop: 64,70 -- Sold: 65,66 -- Result: 1,60R

Bullish in Screen I - Pullback to value in Screen II - Entry Set-up 1 in Screen III - Sold after the previous candle printed a threatening tail and the market reached its objective at the enveloppe in Screen II.

Comments: Good entry...... Exit was according to the plan BUT I need to force myself to trail part of the position to fish some of those huge opportunities when they arise ......