Tradesight June 2013 Futures Results

Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for May 2013

Number of trades: 29
Number of losers: 10
Winning percentage: 65.5%
Net ticks: +38 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 June 2013

Number of trades: 25
Number of losers: 7
Winning percentage: 68%
Net ticks: +30.5 ticks
It was another decent month, although I continue to view my Futures trading as my third option due to weak market volume in particular. But, our win ratio was great. In fact, there was one day where we got stopped out of two trades for 14 ticks of losses, and frankly, we shouldn't have made those calls due to the quarterly contract roll, which always messes things up. Without those, we'd be closer to 50 ticks in gains. We will continue to call this market lightly until market volumes pick up.


Tradesight June 2013 Futures Results

Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May can be found here. You can also go back indefinitely by clicking here and scrolling down.
Tradesight Tick Results for May 2013

Number of trades: 29
Number of losers: 10
Winning percentage: 65.5%
Net ticks: +38 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 June 2013

Number of trades: 25
Number of losers: 7
Winning percentage: 68%
Net ticks: +30.5 ticks
It was another decent month, although I continue to view my Futures trading as my third option due to weak market volume in particular. But, our win ratio was great. In fact, there was one day where we got stopped out of two trades for 14 ticks of losses, and frankly, we shouldn't have made those calls due to the quarterly contract roll, which always messes things up. Without those, we'd be closer to 50 ticks in gains. We will continue to call this market lightly until market volumes pick up.


Tradesight June 2013 Forex Results

Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May 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 May 2013

Number of trades: 27
Number of losers: 10
Winning percentage: 63%
Worst losing streak: 3 in a row
Net pips: +390
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 June 2013

Number of trades: 21
Number of losers: 8
Winning percentage: 62%
Worst losing streak: 2 in a row
Net pips: +210
The ranges died down again late in the month, but there was some action early. We had less trades trigger than usual, which is good when ranges are narrow. Only 21 trades triggered in the course of the month. When you win 62% of your trades, you should have a decent month at least, and while the results weren't as nice as the prior month (because we didn't get the follow-through), I'll take this any time.
Note that the 6-month average daily ranges of most of the pairs actually expanded in the month of June, despite the fact that the GBPUSD and EURUSD had 60-pip-range days late in the month. The EURUSD 6-month trailing average inched up from 104 to 106 pips, while the GBPUSD jumped a bit more, from 109 to 116. A 7 pip change in a 6-month average over 30 days is actually pretty good. This represents some really poor days from six months ago dropping off.
One thing that is missing currently is any major setups in any of the pairs. Everything is in a "No Man's Land" area, which doesn't do much for us, especially without ranges. It will be interesting to see if we get the usual August slowdown this year, but we still have July ahead of that.


Tradesight June 2013 Forex Results

Before we get to June’s numbers, here is a short reminder of the results from May. The full report from May 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 May 2013

Number of trades: 27
Number of losers: 10
Winning percentage: 63%
Worst losing streak: 3 in a row
Net pips: +390
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 June 2013

Number of trades: 21
Number of losers: 8
Winning percentage: 62%
Worst losing streak: 2 in a row
Net pips: +210
The ranges died down again late in the month, but there was some action early. We had less trades trigger than usual, which is good when ranges are narrow. Only 21 trades triggered in the course of the month. When you win 62% of your trades, you should have a decent month at least, and while the results weren't as nice as the prior month (because we didn't get the follow-through), I'll take this any time.
Note that the 6-month average daily ranges of most of the pairs actually expanded in the month of June, despite the fact that the GBPUSD and EURUSD had 60-pip-range days late in the month. The EURUSD 6-month trailing average inched up from 104 to 106 pips, while the GBPUSD jumped a bit more, from 109 to 116. A 7 pip change in a 6-month average over 30 days is actually pretty good. This represents some really poor days from six months ago dropping off.
One thing that is missing currently is any major setups in any of the pairs. Everything is in a "No Man's Land" area, which doesn't do much for us, especially without ranges. It will be interesting to see if we get the usual August slowdown this year, but we still have July ahead of that.


Stock Picks Recap for 6/28/13

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, SPLK triggered long (with market support) and worked enough for a partial:

From the Messenger/Tradesight_st Twitter Feed, Rich's FAS triggered short (ETF, so no market support needed) and worked:

COST triggered short (without market support) and didn't work:

Mark's AMZN triggered long (with market support) and didn't work:

Rich's RGLD triggered long (with market support) and worked:

His GLD triggered long (ETF, so no market support needed) and worked:

In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.


Stock Picks Recap for 6/28/13

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, SPLK triggered long (with market support) and worked enough for a partial:

From the Messenger/Tradesight_st Twitter Feed, Rich's FAS triggered short (ETF, so no market support needed) and worked:

COST triggered short (without market support) and didn't work:

Mark's AMZN triggered long (with market support) and didn't work:

Rich's RGLD triggered long (with market support) and worked:

His GLD triggered long (ETF, so no market support needed) and worked:

In total, that's 5 trades triggering with market support, 4 of them worked, 1 did not.


Futures Calls Recap for 6/28/13

A loser on the ES and a small winner on the NQ to close out the week, month, and quarter. See both sections below. Volume closed out at 1.5 billion NASDAQ shares, better than expected, but obviously poor in general. Early action looked horrible, but the market ended up filling both yesterday's gap (by reaching down) and today's gap (by reaching back up) before closing about even.
Net ticks: -4.5 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:
My ES triggered long at 1603.50 at A and stopped for 7 ticks:

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 A at 2896.00, hit first target for 6 ticks, and stopped the second half under the entry:


Futures Calls Recap for 6/28/13

A loser on the ES and a small winner on the NQ to close out the week, month, and quarter. See both sections below. Volume closed out at 1.5 billion NASDAQ shares, better than expected, but obviously poor in general. Early action looked horrible, but the market ended up filling both yesterday's gap (by reaching down) and today's gap (by reaching back up) before closing about even.
Net ticks: -4.5 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:
My ES triggered long at 1603.50 at A and stopped for 7 ticks:

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 A at 2896.00, hit first target for 6 ticks, and stopped the second half under the entry:


Forex Calls Recap for 6/28/13

A half-sized loser and a full-sized (bigger) winner to close out the week, month, and quarter. See GBPUSD section 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. There is, once again, nothing to declare on any of the daily charts as we have no patterns nearing key support/resistance and no approaching 13 buy or sell signals on the Seeker (or even Comber) tools. We are in limbo.
GBPUSD:
After a very early trigger (before this chart) triggered and stopped, we had a regular trigger at A that hit the first target at B, and we closed the final piece at C for end of week:


Forex Calls Recap for 6/28/13

A half-sized loser and a full-sized (bigger) winner to close out the week, month, and quarter. See GBPUSD section 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. There is, once again, nothing to declare on any of the daily charts as we have no patterns nearing key support/resistance and no approaching 13 buy or sell signals on the Seeker (or even Comber) tools. We are in limbo.
GBPUSD:
After a very early trigger (before this chart) triggered and stopped, we had a regular trigger at A that hit the first target at B, and we closed the final piece at C for end of week: