EXPE Short Trade Removed

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 [...]

Oct 31, 2013 4:40pm|Categories: Completed Trades - Short|Tags: |Comments Off on EXPE Short Trade Removed

Additional Short Trade Ideas

I spent some time pouring over the charts last night looking for trade ideas.  In doing so, I came up with numerous candidates, both long and short.  Some of these trade ideas are already listed as Active Trades on the site and/or Trade Setups while many are not. I'm going to start with the short trades here & plan to follow up with some of the Long Trade Ideas soon.  Some of these trades are currently offering objective short entries at current levels while others are still setting up in bearish chart patterns, awaiting a formal breakdown or sell trigger.  I [...]

Aug 7, 2013 11:10am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , , , |Comments Off on Additional Short Trade Ideas

EXPE Update

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 even I use an eclectic style of trading that adapts to changing market conditions and/or my engagement of the market at time.  For example, in a choppy, consolidating market, I might prefer a trading style focused largely on the intraday charts using a very active, short-term trading style targeting relatively shallow, quick profits (aka- hit-n-run).  When [...]

Jul 26, 2013 1:32pm|Categories: Completed Trades - Short|Tags: |Comments Off on EXPE Update

EXPE First Target Hit, Site Issues

I had mistakenly omitted the EXPE active short from the list of trades that have just recently hit their first profit target.  I have several updated charts to post, including EXPE which is trading down 25% to just below the first target of 50.55 but the site is experiencing an issue with my web hosting company that is preventing the upload of any charts or images to the site.  We hope to have this issue resolved soon but until then, I just wanted to give a heads up on the EXPE trade as well as my thoughts. For those in the [...]

Jul 26, 2013 12:06pm|Categories: Completed Trades - Short|Tags: |Comments Off on EXPE First Target Hit, Site Issues

EXPE Weekly Target Hit, New Short Entry Pending

EXPE was added as an Active Short Trade on March 21st and as this updated daily chart shows, the stock has been stair-stepping lower since then on these "micro-uptrend line" breaks.  Zooming out to the updated weekly chart, EXPE hit the first target (weekly uptrend line) last week for a 11.2% gain.  Whether on not we bounce here, my preferred target on this trade is the weekly second target (T2) at 35.75.  Remember, in the previous post, I listed two separate sets of targets to accommodate both short-term, more active traders (the daily chart targets) as well as longer-term swing traders [...]

Jun 12, 2013 12:38pm|Categories: Completed Trades - Short|Tags: |Comments Off on EXPE Weekly Target Hit, New Short Entry Pending

Shorting EXPE

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.  I also mentioned that I still liked the pattern and that longer-term traders could give the trade a little more room as I might add EXPE back as another short trade soon.  Based on these updated weekly and daily charts, I think that the stock is now offering an objective entry for a potentially long-term swing [...]

Mar 21, 2013 2:54pm|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting EXPE

Active short trades to be removed

In updating the trade ideas on the site, the following trades will be removed from the Active Short Trades category.  These trades have either hit one or more profit targets, exceeded their suggested (or any reasonable) stop criteria, or based on the technicals, these trades no longer offer a very attractive risk/reward profile.  Also note that there are a few short trades that have exceeded their suggested stop(s) but still look attractive and as such, will remain as active trades for now.  I will update those charts on an individual basis asap. [...]


Jan 7, 2013 6:11pm|Categories: Completed Trades - Short|Tags: , , , , , , , , |Comments Off on Active short trades to be removed