Oct 312013

After hitting (and exceeding) the first target on the large July 26th gap down, the EXPE short trade went on to move above the previously suggested stop level (slightly above T1) and found resistance not too far above. However, the stock made a large gap higher today & as such, will be removed from the Active Trades category.  As the chart still looked constructive with EXPE finding resistance (twice) at the 54.40 area, I left it on as an Active Trade and am still short the stock in one account as well.  My plan for EXPE will be to place a stop just above the 59.76 level as per my usual strategy when caught on the wrong side of a gap (which I've posted about several times in the past).  Basically, that strategy involves waiting a few minutes after the open & then placing the stop slightly above the initial reaction high within the first 5 minutes or so of trading as most order imbalances are cleared out by then.  EXPE will be removed from the Active Trade list as the technical picture is now unclear. Updated daily & 1 minute charts below:

 October 31, 2013 4:40 pm  Completed Trades - Short Tagged with:
Jul 262013

Here are the updated daily & weekly charts of EXPE.  For those new to the site, keep in mind that I will often list different targets for the same trade on different time frames.  I do this because there are many different trading styles and [continue reading…]

 July 26, 2013 1:32 pm  Completed Trades - Short Tagged with:
Mar 212013

I am adding EXPE back as an Active Short Trade here around the 62 level.  EXPE was recently a short trade that hit the first target for a 9% gain back in late Oct and then bounced and was moved to the Completed Trades category.  [continue reading…]

 March 21, 2013 2:54 pm  Completed Trades - Short Tagged with: