The following short trades will be moved to the Completed Trades category. Some of these trades were profitable, hitting a price target before bouncing while others were stopped out for a loss. In in effort to streamline the number of Active Trades on the site, I plan to continue removing any trades that no longer offer a clearly favorable risk-to-reward (R/R) profile throughout the week. As of now, all remaining Active Short Trades have been reviewed and still look bearish at this time although several are approaching their suggested stop criteria or may be removed should price continue much higher. MDCO- [...]
NKE offers an objective short entry on the backtest of this recently broken trendline with a suggested stop on a close above the recent highs.
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 having been faded as expected, the bearish scenario is alive and well. As I'm trying to juggle my own trading with the programming issues and posting actionable trade ideas, I'll just share some of the more attractive looking short trades at this time. These are all [...]