GT247.com Trading Blog

GT247.com Trading Desk Insights

Written by GT247 Trading Desk | 21 Jul 2017

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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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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