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

Tradesight Tick Results for April 2015

Number of trades: 6
Number of losers: 4
Winning percentage: 33.3%
Net ticks: -13.5 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.

It is important to note that these results do not include the Tradesight Value Area, Opening Range, or Institutional Range plays, all of which have been working quite well on their own.

You can go through the reports and compare the breakdown that I give as each trade is reviewed.

Tradesight Tick Results for April 2015

Number of trades: 7
Number of losers: 2
Winning percentage: 71.4%
Net ticks: +20.5 ticks

Due to the overall narrow ranges of the markets, we’ve scaled back the main trade calls a bit and continue to focus on the Opening Range plays, which tend to trigger in the first 10-15 minutes of the day when there is some action before things settle down. Once again, the Opening Range plays worked well and should have added over 100 ticks of gains to the month. Out of 19 trading days in the month, the Opening Range plays worked 17 of them, which is quite amazing. We will continue to focus on that more until the ranges of the market in general start to expand. Even with that, our main trade calls worked for the month.