I'm balancing working through some of the programming issues on the site today with trying to post some of the short-side trade ideas that look to be currently offering an objective entry or add-on. In fact, I have an unusually large amount of very attractive short candidates on my watch-list and with today's large gap [...]
Although I don't have a hard rule went it comes to stop triggering, I typically use a candlestick close above my stop level based on the time frame that the trade was based off of. For example, if a trade was based off a weekly chart, I will look for a weekly (end of day [...]
regarding the previously posted CP short trade, CP was one of my top picks for a short trade as i went through the charts of all of the components of the sector last night. however, i held off posting the setup as CP was scheduled to announce earnings this morning, which gave the stock a [...]
i am adding CP as an active short here on the earnings induced wedge overthrow (current price 94.56). an ideal stop would be just over the 100 level, which would provide approximately a 3:1 R/R if targeting T1 (obviously, a much better R/R for T2).