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    Long Trade Ideas Updated

    The trade ideas on Right Side of the Chart are typically updated when each profit target is hit or as soon as possible shortly thereafter. This is due to the fact that all trade ideas shared here have one or more explicit profit target levels. Trade ideas that are removed from the Active Trades category, whether or not one or more profit targets were already hit, are typically moved to the Completed Trades category for one of several reasons: Either they have exceeded the maximum suggested stop level, if one was provided; The trade has exceeded any reasonable stop level, if none suggested; The technical outlook for the trade and/or the broad market has changed enough to book profits on the trade before the planned target is reached; or the trade simply no longer looks compelling from a risk/reward perspective and is removed to make room for more attractive trade ideas. As stop parameters, risk tolerances, holding periods & trading styles vary widely amongst individual traders, many of the stopped out trades or those yet to be stopped out but stuck in a trading range are removed together in bulk from time to time. Remember, all profit targets and suggested stops, if any listed, are simply suggestions based on my own personal trading style and preference of using a R/R (risk-to-reward ratio) of 3:1 or better on each trade (i.e.- accept $1 of downside risk for every $3 of upside profit potential). Some traders might opt for an even lower R/R, say 2:1, while other might only take a trade using a 4:1 or better R/R. Every trader must decide not only which trades to take but also which profit target(s) to aim for as well as which stop-loss parameters to use for each trade. In reviewing the Long Trade Ideas category tonight, the following trades will now be considered completed as they have either exceeded their previously suggested [...]

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    Jul 17, 2014 10:55pm|Categories: Completed Trades - Long|Tags: , , , , |Comments Off on Long Trade Ideas Updated

    CAS Backtesting Wedge + Support

    CAS (A.M. Castle & Company) is currently backtesting the falling wedge pattern as well as horizontal support, once again offering an objective entry or add-on. Stops remain on any move below 10.80 & targets remain as previously posted (see 120 minute chart). With the broad markets sucking wind lately, this trade may very well go [...]

    Jul 10, 2014 10:23am|Categories: Completed Trades - Long|Tags: |Comments Off on CAS Backtesting Wedge + Support

    CAS Bullish Falling Wedge Breakout

    CAS Bullish Falling Wedge Breakout The CAS (A.M. Castle & Co.) active long trade has broken above the bullish falling wedge pattern, thereby triggering the second, more conventional entry or an add-on to the previous aggressive entry that was posted at 11.14 while prices were still inside of the bullish falling wedge pattern. [...]

    Jul 2, 2014 11:04am|Categories: Completed Trades - Long|Tags: |Comments Off on CAS Bullish Falling Wedge Breakout

    CAS Long Setup & Entry

    CAS (A.M. Castle & Co.) will offer a conventional long entry on a break above the falling wedge or an aggressive entry here with a stop below 10.80. This daily chart shows CAS recently bouncing off support while in the latter stages of a bullish falling wedge pattern formation. Recent volume patterns may indicate a [...]

    Jun 27, 2014 10:31am|Categories: Completed Trades - Long|Tags: |Comments Off on CAS Long Setup & Entry
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