Clicky

MDM update

as i continue to update any outstanding set-ups or active trades that should have already been re-categorized, MDM stands out as a good example of how one can utilize the targets on the trade ideas posted here not only as profit targets but also as an aid to placing stop-loss orders to protect profits on [...]

May 10, 2012 4:40pm|Categories: Completed Trades - Long, Trading Tips|Tags: |Comments Off on MDM update

MDM 2nd target hit

MDM has hit T2 so consider taking partial or full profits and/or raising your stops, depending on your trading plan.  as i mentioned last night, i am going thru the existing trade ideas today to update the set-ups and active trades.  keep in mind that due to the sheer number of trade ideas on the [...]

Apr 30, 2012 11:26am|Categories: Completed Trades - Long, Using RSOTC|Tags: |Comments Off on MDM 2nd target hit

MDM update

the MDM trade just cleared the T1 resistance area which opens the door for T2.  notice how prices made a perfect hit of T1 then pulled back and consolidated while bouncing knocking on that level several times before building the energy to punch thru today.  that doesn't guarantee a hit of T2 or T3 but [...]

Apr 2, 2012 11:04am|Categories: Completed Trades - Long|Tags: |Comments Off on MDM update

MDM update

i'll be updating a lot of the active trades that have hit targets or stopped out over the last week or so.  MDM still looks good as it hit the first target the day after a added these sub-targets (below the pattern measurement/final target) back on feb 28th.  as mentioned in that post, these targets [...]

Mar 19, 2012 10:50am|Categories: Completed Trades - Long|Tags: |Comments Off on MDM update

MDM update

MDM has been taking some nice volume since breaking out of the descending broadening wedge pattern that i posted on feb 6th (click here to view post/notes on trade).  since the distance to my primary target posted on the original chart is quite large (38% from breakout), i have added several sub-targets here for more [...]

Feb 28, 2012 5:00pm|Categories: Completed Trades - Long|Tags: |Comments Off on MDM update

MDM descending broadening wedge

this pattern can break either way so targets are listed on the daily chart for a pattern resolution in either direction (long on an upside break of the pattern, short on a break down of the pattern).  note that i did add an alternative (shaded) lower trendline to the pattern.  however, prices currently sit at [...]

Feb 6, 2012 9:37am|Categories: Completed Trades - Long|Tags: |Comments Off on MDM descending broadening wedge