• AVL - Mar 23 201520150323
  • AXU - May 15 201520150515
  • $COFFEE - Jun 04 201520150604
  • DGP - Mar 25 201520150325
  • EC - Apr 06 201520150406
  • GDX - Apr 24 201520150424
  • GDXJ - Apr 23 201520150423
  • GLD - Apr 24 201520150424
  • $GOLD - Apr 24 201520150424
  • $HUI - Apr 24 201520150424
  • JO - Jun 04 201520150604
  • MM - Jun 16 201520150616
  • NUGT - Apr 22 201520150422
  • REMX - Apr 08 201520150408
  • SGG - Apr 02 201520150402
  • $SILVER - Apr 24 201520150424
  • SLV - Apr 24 201520150424
  • $SUGAR - Apr 02 201520150402
  • ZINC - Jun 10 201520150610


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.

Jun 162015
 

MM (Millennial Media) was posted as a Long Trade Setup back on May 14th and went on to trigger an entry the following day on a break above 1.79. That entry proved to be a false breakout, with the stock failing to close above the breakout level and trading back below that horizontal resistance level since. As the suggest stop of 1.54 (for those targeting T2, the final target) was not hit, MM remains an Active Trade as well as a Trade Setup.

MM daily June 16th

MM daily June 16th

The stock still looks poised to run although I would wait for a break over 1.81 this time around as the previous failed breakout printed several daily candlestick highs at the 1.80 level. Therefore, the next objective entry or add-on to an existing long position in MM will come on any print of 1.82. Price targets and suggested stops remain the same. As always, all previous notes/charts on MM can be referenced by clicking on the MM tag found at the bottom of this an all associated posts related to this trade.

 June 16, 2015 10:32 am  Active Trades - Long, Long Setups Tagged with:
May 152015
 

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)

 May 15, 2015 11:08 am  Active Trades - Long, Long Setups Tagged with:
May 152015
 

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…]

 May 15, 2015 10:57 am  Active Trades - Long, Gold & Commodities Tagged with:
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