I started easing back out of vacation mode yesterday and spent some time combing through the charts, particularly gold & many individual mining stocks. With $GOLD now within a hair of my preferred target (primary uptrend line) just in time for the new year, this looks like an objective time to begin scaling into to gold and select mining stocks as long-term trades with stops commensurate with one’s preferred target level(s). I’ve added several additional gold & silver miners to the Live Chart Links page, […continue reading]
Completed Trades are trade ideas that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades Category either upon hitting the final target or if stopped out before then. Once removed from the Active Trades category, these trades and all associated posts will be archived indefinitely in the Completed Trades category for future reference.
FRO (Frontline Ltd ADR) has hit the final target (T2 at 3.90) for a 72.6% gain. Consider booking full profits as this trade will now be considered completed and possibly added back later as a new long setup on a break above the 4.00 area, assuming the stock consolidates below that level before breaking out. FRO was categorized as a Long-Term Trade Idea, which are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. […continue reading]
The JO (iPath DJ UBS Coffee ETF) has hit the final target (T2 @ 22.92) for a 10.7% gain. Consider booking full profits and/or raising stops for those who plan to hold as a long-term trade. The previous & updated 60 minute charts as well as the weekly charts of $COFFEE (spot coffee prices) below illustrate how using multiple time-frames can be used successfully to “catch a falling knife” as this trade was entered less than 2% from the bottom of a vicious bear market […continue reading]
The RNO Long Trade Setup posted last week has triggered an entry on a break above the descending channel. I also wanted to point out that going forward, many of the static charts will list both the suggested target level as well as the actually resistance (for longs) or support (for shorts) level. TC2000 just added a new feature to the latest beta version update which will automatically add the exact price level of a horizontal line. As many of the price targets that I […continue reading]
GCAP (GAIN Capital Holdings Inc.) will be added as an AGGRESSIVE long entry here around 7.13 as the stock has plummeted over 50% to key uptrend line support (daily chart) while also at horizontal support with bullish divergences in place on the 2-hour chart. GCAP successfully hit the final target for a 25.3% gain early this year on the previously long trade, with the stock going on to make a parabolic run which terminated a few months ago, followed by a very powerful reversion to […continue reading]
YZC (Yanzhou Coal Mining C0) has pulled back to support & could provide an objective long entry or add-on. Consider a stop below the 9.10 area (or higher, based on your average cost). YZC was added as a Long Setup on Oct 21 with a buy trigger for only a partial position on a move over 10.75 (bringing to a full position if & when the downtrend line is cleared). The stock triggered an entry on Nov 21 but reversed a few days later and […continue reading]