Insights into the performance of our traders published technical takes over the past few weeks
Check out their performance:
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.
GBP/EUR /gbp-in-for-a-pounding
Published: 17 July 2017
| Entry | 1,125 |
| Direction | SHORT |
| Stop loss | 1,142 |
| Target price 1 | 1,104 |
| Target price 2 | 1,092 |
Triggered yesterday 20/07/2017, today seems like a confirmation candle will form by the end of today.
GBP/USD /gbp-in-for-a-pounding
Published: 13 July 2017
| Entry | 1,277 |
| Direction | SHORT |
| Stop loss | 1,305 |
| Target price 1 | 1,26 |
| Target price 2 | 1,24 |
Has not triggered after the fake breakout. If hasn't triggered by the end of next week then Cancel the trade.
USD/JPY /dollar-to-join-the-darkside
Published: 13 July 2017
| Entry | 112 |
| Direction | SHORT |
| Stop loss | 114,5 |
| Target price 1 | 108,8 |
| Target price 2 | 105,3 |
Just triggered on Tuesday, I still see further weekening from the dollar in the short term. Maintain short position.
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.
GOLD /gold-bullion-technical-take
Published: 17 July 2017
| Entry | 1230 |
| Direction | LONG |
| Stop loss | 1216 |
| Target price 1 | 1245 |
| Target price 2 | 1250 |
First Take profit triggered on 20/07/17
Successful trade
MTN/VOD /pairs-trading-mtn-and-vodacom
Published: 29 June 2017
| Entry | 0,68 |
| Direction | LONG |
| Stop loss | 0,62 |
| Target price 1 | 0,8 |
The MTN/VOD spread has been lethargic, we entered the trade at a 0.68 ratio. The ratio has moved up to 0.71 with our target being 0.8
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.
TRUWORTHS /truworths-technical-take-14-july-2017
Published: 14 July 2017
| Entry | 7372 |
| Direction | LONG |
| Stop loss | 6700 |
| Target price 1 | 7800 |
| Target price 2 | 8000 |
Triggered and Hit Targets as expected.
Successful trade
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.
GLENCORE /copper-glencore-technical-take
Published: 05 July 2017
| Entry | 5117 |
| Direction | LONG |
| Stop loss | 4800 |
| Target price 1 | 5647 |
| Target price 2 | 0 |
Triggered entry on 12/7/2017, move stops to lock in profit at: 5283c
Successful trade
GRINDROD /grindrod-technical-take
Published: 12 July 2017
| Entry | 1169 |
| Direction | LONG |
| Stop loss | 1100 |
| Target price 1 | 1212 |
| Target price 2 | 1275 |
Entry was triggered, and reached 1st target price on 13/7/2017
Successful trade
EXXARO /exarro-resources-technical-take-updated
Published: 05 July 2017
| Entry | 6910 |
| Direction | LONG |
| Stop loss | 8729 |
| Target price 1 | 10801 |
| Target price 2 | 11695 |
Entry triggered on 5/7/2017, move stops to lock in profit at: 9917c
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