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GT247.com Trading Desk Insights 25 August 2017

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Trading-Summary-GT-DREAM-TEAM-1.jpg

Trading-Summary-GT-DREAM-TEAM-1.jpg

Insights into the performance of our traders published technical takes over the past few weeks - updated  24th August 2017

 

Check out their performance:

 


 

 

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Odwa Magwentshu was once a mechanical engineer and now a self-taught trader in the forex space. Understands what it takes to get started in the markets with no background experience to making profits in the markets. From a small town in the Eastern Cape to the concrete jungle where dreams are made of (Jozi), joined the GT247 team in 2016.

Trade instrument Gbp/Jpy Comments
Entry 142,5 Move the stop loss to 141.1. Trade is profitable
Direction short
Stop loss 141,1
Target price 1 138,2
Target price 2  
Trade instrument Gbp/Usd Comments
Entry 1,284 Trade is struggling 
Direction Long
Stop loss 1,26
Target price 1 1,31
Target price 2 1,34
Trade instrument Usd/Jpy Comments
Entry 112 Stopped out
Direction short
Stop loss 114,5
Target price 1 108,8
Target price 2 105,3
Trade instrument Usd/Cad Comments
Entry 1,26 Almost stopped out
Direction Long
Stop loss 1,25
Target price 1 1,277
Target price 2 1,293
Trade instrument Gbp/Jpy Comments
Entry 140,5 Trade is profitable
Direction Long
Stop loss 139,84
Target price 1 141,75
   
Trade instrument Eur/Jpy Comments
Entry 129,1 Currently profitable
Direction Long
Stop loss 128,5
Target price 1 129,9
Target price 2 130,6
Trade instrument FTSE 100 Comments
Entry 7400 Took profit
Direction Long
Stop loss 7380
Target price 1 7430
   

 

 


 

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Paul Chakaduka is better known as Chucks – a nickname bestowed on him by friends who found his surname difficult to pronounce. Born in Harare and educated at Rhodes, Chucks thrives in fast-paced trading world of Johannesburg. Single and available, Paul is all about finding the perfect partner and perfect trade. 

  • Trades pending

 


 

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Dean Bakos joined GT247.com in 2017 after completing his Bachelor of Accounting with an Honors in Investment Management at UJ. A real people’s person with an inspirational zest for life. Dean has a keen awareness in politics and financial markets.  Dean will always try his best to provide legendary service and hospitality to whomever he meets. If he is not at the trading desk looking for the next best opportunity you will find him with family and friends doing what he does best: Eating, drinking and enjoying life on the golf course.


  •  Trades pending

 


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Barry Dumas has experience in the investment industry for the last 9 and a half years mostly advising clients on their investment portfolios and managing clients long term investments. He enjoys educating clients on trading / investing and technical analysis on securities. He currently holds a Wealth management qualification and is studying towards becoming a securities trader on the JSE.

 

Trade instrument IMPLATS Comments
Entry 3962 Has triggered 07/08/2017, started to move higher.
Direction LONG
Stop loss 3500
Target price 1 4156
Target price 2 4466
Trade instrument WOOLIES Comments
Entry 6427 Has triggered 07/08/2017, reached target 1 on 22/08/2017. Trade closed out. 
Direction LONG
Stop loss 6241
Target price 1 6671
Target price 2 6874
Trade instrument TELKOM Comments
Entry 6759 Has triggered 16/8/2017, moved higher until 18/8/2017 Still waiting for the break out. 
Direction LONG
Stop loss 6340
Target price 1 7015
Target price 2 7248
Trade instrument STANDARD BANK Comments
Entry 16070 Has triggered 17/08/2017 and stopped out on 22/08/2017
Direction SHORT
Stop loss 16500
Target price 1 15792
Target price 2 15400
Trade instrument SPAR Comments
Entry 17200 Has triggered on 22/08/2017 , moved higher to target 1
Direction LONG
Stop loss 16344
Target price 1 17699
Target price 2 18270
Trade instrument PICK n PAY Comments
Entry 6398 Has triggered 17/08/2017, moved higher from there to target 1. 
Direction LONG
Stop loss 6059
Target price 1 6603
Target price 2 6825

 


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Musa Makoni studied BCom Hons in Financial Economics and Investment Management at the University of the Free State. As the youngest member of the GT247.com trading desk, he brings additional energy and fresh take on trades. Musa manages the daily GT247 blogs, bringing trade ideas for all our clients. 

 

Trade instrument USD/JPY Comments
Entry 109,3 Triggered on 22/08/2017 , trade closed by stop loss.
Direction LONG
Stop loss 109,1
Target price 1 109,6
Trade instrument USD/CAD Comments
Entry 1,2548 Triggered 22/08/2017, target price was hit.
Direction SHORT
Stop loss 1,257
Target price 1 1,25
Target price 2 6825

 

 


 

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Martin Harris joined the GT247.com team in 2015 following studies in Sydney and UCT. Having grown up in Johannesburg, Martin loves being back in the economic heartland of Africa. He contributes regularly to media24 around share performance and when not reading financial books, plays rugby or supports his favourite team, the Lions. 

Trade instrument RICHEMONT Comments
Entry R115,50 Still in the trade, maintain long position
Direction LONG
Stop loss R114,20
Target price 1 R118,00
   


 

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Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
 

 

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