My mistake on not specifying the stop on the P (Pandora Media Inc) long-side bounce trade, which was based off the 60-minute time frame, to be based on stop on a 60-minute candlestick close below 10.25 vs. any move below that level as I typically do with trades based on that time frame. P experienced [...]
The following charts & notes outline the entry criteria, suggested stop & price targets for a swing trade in P (Pandora Media Inc).
The P (Pandora Media Inc) short trade gapped below T1 to open at 11.15 yesterday, where any standing BTC limit orders set at T1 would have been executed, providing a 21.7% profit on the trade. As T1 was previously revised to be the final price target, P will be moved to the Completed Trades category. [...]
The P (Pandora Media Inc) Active Short Trade has now clearly taken out the 12.80ish support level with today's gap down, sharply increased the odds that T1 will be hit. Also note that with the broad markets still holding above the key "flashpoint" support levels for now, I am revising the final target to the [...]
I received some positive feedback regarding update the trade ideas in video format & will look to publish video updates on the trade ideas on a regular basis going forward. This video covers all of the recent active trade ideas, some of which have just recently exceeded their suggested stops. The video also starts out [...]
The following notes & charts outline the entry criteria, price target and suggested stop for a swing trade in P, Pandora Media Inc.
In order to update the Long Trade Ideas category, the following trades have been removed: P (Pandora Media): Moved up to the first resistance level (R1) following the wedge breakout then made a large, earnings induced gap down below both the entry price as well as any reasonable stop (none suggested). click here to view [...]