DAL made an impulsive breakout above the previously posted downtrend line/stop criteria and will be considered stopped out and moved the Completed Trades category along with a few other stopped out trades to be updated asap.
The DAL short is one of several active short trades that actually exceeded the previously posted suggested stop parameter but still looks fine from a technical perspective. In decided how to manage these trades on the site, I figure that I have two options: 1) Consider the trade stopped out and remove it from the [...]
In going thru the active trades today, I just noticed that I never made any stop suggestions on DAL. Here's an updated 60 minute chart which shows a new support level which has formed since the original post on Jan 29th. We can also see that DAL, although having moved about 5.6% above the entry [...]
here's the updated chart (last one) of DAL which hit it's final target on 3/14 for a 16% gain and quickly bounced all the way back to the first target (T1) former support, now resistance area. DAL has since bounced around range-bound between those target levels and could provide another long-side swing entry if it [...]
perfect hit of the bottom of that gap, and the expected bounce right off T2. T2 was (is) my favored target for this trade although i still think T3 has a good chance of being hit, especially if the market continues down into the close and thru tomorrow. however, the R/R diminishes as each target [...]
T1 is now hit so consider either taking full or partial profits and/or lowering your stops. these fast pullbacks, that usually erase days, weeks, and even sometimes months of gains in very short order are the risks that i constantly refer to when a stock, or the market reaches extreme overbought conditions, especially for an [...]