i need to update several old trades that are still listed under the Active Trades category. here are a few of the trades that should have already been moved to the complete trades section as almost all of these [...]
for anyone in the PEET swing short trade that did not book full profits at the first target, a stop not too far above current levels would make sense. not only is that a pretty decent resistance area but it also lines up with the original rising wedge breakdown level, thereby assuring roughly a break-even at worse on the trade. as usually, charts in order as posted with the updated chart last.
the active PEET short trade has now hit T1 although i highly favor at least T2 being hit on this trade, assuming the market continued lower to hit my final targets, which i expect as well. however, don't hesitate to book some profits or at least tighten your stops on this or any of the trade ideas that have hit targets today.
here's the updated static chart on the PEET short trade idea posted in monday's trade ideas video. hasn't done much since then so i won't bother with posting the chart from that video however, the fact it hasn't done anything in the last few days since breaking down below that rising wedge pattern makes me like this trade even more. the reason for that is now we have PEET bear-flagging just below resistance (the recently broken wedge) in addition to that break-down, which in and of itself is a very bearish event. add to that the fact that PEET recently completed [...]
i'll try to make some static charts for the trade ideas that i covered in the video posted last night but i can't promise when i'll be able to get them all posted. i'm lobbying my dr.'s office to call in a tamiflu script which will hopefully keep me in the game this week because as i mentioned, i do believe that there is a good chance that those key support levels on the 60 min index charts give way soon, probably this week, which could open the door to a new wave of selling. there were quite a few new [...]
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE. I EXPECT TO HAVE THIS [...]