Right Side of the Chart

...because anything to the left is history
  • AMD - Nov 03 201520151103
  • GDX - Nov 20 201520151120
  • NUGT - Nov 20 201520151120
  • USO - Nov 24 201520151124
  • UWTI - Nov 24 201520151124
  • WMT - Nov 04 201520151104
  • $WTIC - Nov 24 201520151124

Active Trades – Long

Active Trades are trade ideas that were previously posted as Trade Setups and have since triggered an entry or occasionally, a trade idea that was first posted directly to the active trades category as offering an objective entry at the time of the initial post. Active Trades might also be listed in one or more of the other trade categories as these categories are not necessarily mutually exclusive. E.g.- An Active Trade that still offers an objective entry might also be categorized under the Trade Setups category. Likewise, an Active Trade with multiple prices targets may have already hit one or more of those initial targets with additional target(s) remaining, thereby falling under both the Active Trades and Completed Categories. Traders should look to make any new entries or add to existing Active Trades objectively, such as a on pullback to a support level during an uptrend or a re-test of a broken trend-line, wedge, or channel pattern.

Nov 242015

With UWTI currently trading at 7.55 in pre-market, an opening gap above both R1 & R2 is likely. If so, that will also trigger the bullish cross on the 13/33-ema that I was looking for. Therefore, unless this pre-market rally in crude is faded after the open, the odds for a move up to at least the 8.15 levels will increase substantially today.

UWTI 60-minute Nov 24th

UWTI 60-minute Nov 24th

 November 24, 2015 9:23 am  Active Trades - Long, Gold & Commodities, Long Setups Tagged with: , ,  4 Responses »
Nov 192015

The NUGT/GDX long trade has hit the bottom of the first target zone for about a 16% gain in about 2-hours of trading session time. Consider booking partial or full profits and/or raising your stops, according to your trading plan. While a reaction here is [continue reading…]