Following the expected reaction of the top of the T1 zone, GDX is now approaching the bottom of yesterday's gap, which was one of the likely pullback targets posted yesterday. While that is the most likely end-point for a pullback, the former R1 (now S1) level around 13.34 would be the next key support level, should GDX continue to move lower.
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.
The top of the T1 zone on the NUGT/GDX trade has been hit, providing a 20% gain on NUGT in under 1 full trading session. As the odds of a reaction off this level are quite elevated, consider booking partial or full profits and/or raising [continue reading…]
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…]
So far, QQQ has turned lower after back-filling Friday’s gap indicating that the oversold bounce off support (hit on Friday’s lows) may have already run its course. The next 3 downside targets are listed in green, starting with the former initial downside target that was [continue reading…]
The FL (Foot Locker) Active Short Trade has now hit the first target for a gain of 11.8% in just over 2 weeks from entry. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. Trading Tip: Yesterday in the Trading [continue reading…]
The following Long Trade Ideas have either hit one or more profit target and/or exceeded their maximum suggested stop criteria. These trades will now be moved to the Completed Trades category, where all associated posts will be archived for future reference. WTI: This one [continue reading…]
WTI (W&T Offshore) offers an objective long entry on this break above both the primary downtrend line & the 3.91 resistance level. Suggested stops using a 3:1 R/R to one’s preferred price target (T1-T3). WTI was posted as a trade idea in the Trading Room [continue reading…]