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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, [...]

2015-04-30T09:00:57+00:00 Apr 29, 2015 7:28pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , |Comments Off on Short Trades Category Updated

NVO Short Entry & Trade Setup

NVO daily Jan 6th NVO (Novo Nordisk, A/S) offers an objective short entry on this break below the 42ish support level, which also follows the recent breakdown & successful backtest of this large bearish rising wedge pattern (which was defined by the primary uptrend line generated off of the Oct 2011 lows). A more conservative entry would be to wait for either a large move below or a solid close below the 42ish support level. Suggested stops based on a 3:1 or better R/R to one's preferred price target. e.g: Assuming an entry around the current price of 41.95, [...]

2017-03-08T21:20:42+00:00 Jan 6, 2015 12:03pm|Categories: Completed Trades - Short|Tags: |Comments Off on NVO Short Entry & Trade Setup

trade updates

just a quick update on some of the recently posted trades ideas.  i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]

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2017-03-08T21:23:01+00:00 Jan 24, 2012 4:37pm|Categories: Completed Swing Trades|Tags: , , , , , , , , , , , , , , , , , , , , , |Comments Off on trade updates

NVO short set-up (daily chart)

After recently breaking down and successfully re-testing a multi-year uptrend channel, confirming a new primary downtrend, NVO has now pushed back up to a key resistance area while forming a bearish rising wedge pattern (with negative divergence on the MACD and CMF confirming...not shown on this chart).  Odds favor a downside resolution of this pattern unless NVO can make a sustained break out of the wedge pattern and above the marked resistance zone. Aggressive traders could short here with a stop on a solid close above the 120.60 resistance level while conservative traders could wait for a confirmed breakdown of the [...]

2017-03-08T21:23:03+00:00 Jan 10, 2012 10:25pm|Categories: Completed Swing Trades|Tags: |Comments Off on NVO short set-up (daily chart)