• AVL - Mar 23 201520150323
  • CCU - Apr 10 201520150410
  • DGP - Mar 25 201520150325
  • EC - Apr 06 201520150406
  • EXXI - Feb 03 201520150203
  • GDX - Apr 24 201520150424
  • GLD - Apr 24 201520150424
  • $GOLD - Apr 24 201520150424
  • $HUI - Apr 24 201520150424
  • NUGT - Apr 22 201520150422
  • REMX - Apr 08 201520150408
  • SGG - Apr 02 201520150402
  • $SILVER - Apr 24 201520150424
  • SLV - Apr 24 201520150424
  • $SUGAR - Apr 02 201520150402
  • TC - Mar 05 201520150305


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.

Apr 242015
 

Following the almost expected fake-down (false break below the pattern), GDX reversed sharply back inside the symmetrical triangle pattern with the usual reaction off the initial tag of the downtrend line. The primary scenario in SLV posted on Tuesday seems to be playing out so far, with SLV closing at the top of the wedge yesterday while the next buy signal on GLD will come on a breakout (60 minute close) above this descending triangle pattern.

 

With both GDX & SLV kissing those key 60-minute downtrend lines shortly before the close yesterday, it is not surprising to see the pullback that immediately ensued carrying thru into the pre-market session today as reactions are typical off the initial tag of key resistance levels. Keep in mind that although call the GDX is  the "Gold Miners EFT"  many of the components are largely engaged in mining silver as well, such as Silver Wheaton Corp, Pan American Silver Corp, & First Majestic Silver Corp. Therefore, when trading GDX, one should always keep an eye on the charts of GLD as well as SLV.

For those who also favor an upside resolution of these patterns, there are a couple of ways to play this:

  • Traders that took positions in SLV or GDX when they were posted as objective entries at the bottom of the patterns on Wednesday morning, might take the somewhat aggressive strategy of adding to their positions here on a pullback (assuming that the pre-market losses aren't reversed by the open, which is quite likely), or...
  • Wait until all three (GLD, SLV & GDX have clearly broken above their respective downtrend lines (using a 60-minute candlestick close for confirmation). This option would offer a slightly less favorable entry price but with a higher success of the trade playing out.
 April 24, 2015 8:56 am  Active Trades - Long, Gold & Commodities Tagged with: , , , , ,
Apr 102015
 

-+*CCU (Companias Cervecerias) has hit the third price target, T3 at 22.39, for a 14.2% gain in just under 13 trading sessions on a near-vertical rip following the March 24th breakout/entry. Depending on your trading plan, consider booking partial or full profits and/or raising stops [continue reading…]

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