Short Trades Category Updated

The following short trades have either exceeded their suggested stop(s) or no longer look compelling from an risk-reward perspective and will be moved to the Completed Trades category: ADBE: Has traded slightly above the suggested stop of 77.09 over the last several trading sessions, resulting in a relatively small loss of 2.8%. As the R/R on this trade was way above average (over 10:1 R/R to the final target), in hindsight, I should have listed multiple stops, not just the sole suggested stop 77.09 which was based on the distance to the first profit target at 69.85. With that being said, [...]

Apr 29, 2015 7:28pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , |Comments Off on Short Trades Category Updated

Shorting ADBE

ADBE (Adobe Systems Inc) will be added as an Active Short Trade here following the recent breakdown & backtest of the bearish rising wedge pattern shown on this daily chart. Being that that primary trend remains bullish at this time, my preferred price target is T1 (69.85) although T3 is the current final target and will likely become my preferred swing target should the US equity markets begin to roll over soon as expected. The suggested stop for this trade is any move over 77.09, which is slightly above the recent highs/backtest of the wedge pattern. I've listed T2 [...]

Apr 16, 2015 12:15pm|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting ADBE