The MM (Millennial Media) long trade setup has triggered an entry on a break above 1.79 today. T2 remains the final target at this time with suggested stops of 1.71, if only targeting T1 (2.07) & 1.54 if targeting T2 (2.84)
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.
-+*I received a price alert on AXU (Alexco Resource Group). This mining stock has taken out dual-resistance levels today; both the downtrend line as well as the horizontal resistance at 0.45 and looks to provide an objective long entry here. I do have my concerns [continue reading…]
-+*MM (Millennial Media) will trigger a long entry on an intraday break above yesterday’s high of 1.79 (1.80 buy trigger). T2 is the final target at this time with suggested stops of 1.71, if only targeting T1 (2.07) & 1.54 if targeting T2 (2.84). note: [continue reading…]
-+*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 [continue reading…]
-+*GDXJ (Junior Gold Miners ETF) will trigger a long entry on any move above 25.31 (blue horizontal line). This would be a breakout of the ascending triangle pattern defined by the blue horizontal resistance line and the dashed blue uptrend line off of the March [continue reading…]
-+*I’ve often discussed one of the most simple, yet effective buy & sell signals for trading GLD (gold etf). The buy signals come when the RSI (14) on the daily time frame crosses below the 30 level (i.e.- oversold) with the first cross above the [continue reading…]
-+*GDX (Gold Miners ETF) just kissed the bottom of the 60-min symmetrical triangle pattern. Although a brief break below is quite likely, a GDX long entry here with a stop below 18.70 (to allow for a brief whipsaw break below the pattern) offers an objective [continue reading…]