the GOL long reversed shortly after breaking above the 60 minute downtrend line and i have moved it from the active trades category to completed trades. keep in mind that due to the sheer number of trade ideas that i post here, i can’t always post updates every trade that triggers. as my profit target(s) on each trade are usually clearly defined, i will most often update charts on winning trades as they play out and hit or approach each target. however, as stop levels are highly subjective depending on each trader’s risk tolerance and trading style, i often don’t update active or completed trades that fail to reach a profit target. with that being said, i will continue to make an effort to update the failed trades as much as possible. if you are in a trade idea posted here and haven’t seen any updates in a while, use the contact link on the right of the page and i will try to send you an update on the trade at my earliest convenience.
i plan to do an article about suggested position sizing and stops soon. although i often base my own stops on a technical support level or a certain amount below entry, if a clear support level is not easily identifiable, a good rule of thumb one might consider using is to always look for at least a 3:1 risk/reward ratio on a trade. e.g.- if going long at 100 for a price target of 112, then your stop should not be lower than 96 (12 pts upside with a 4 point downside risk). updated chart 1st:
