Long Trade Ideas Removed

The following Long Trade Ideas will be removed from the Active Trades category (as well as the Long-Term Trades category in the case of NIHD, PEIX, & SKUL which were assigned to both categories).  The majority of these trades have already hit at least one or more profit target and although they may still have some additional upside potential, I no longer believe that risk to reward is very favorable at this point.  For those currently long any of these positions, consider raising or trailing stops commensurate with your trading style. JOUT, NIHD, PEIX, SKUL, TNP, & TLT* *TLT was recently [...]

2013-09-02T18:32:06+00:00 Sep 2, 2013 6:32pm|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: , , , , , |Comments Off on Long Trade Ideas Removed

SKUL First Target Hit + Educational Example

SKUL hit the first profit target for a 10.5% gain yesterday.  As volume has been lacking so far post breakout, SKUL may need some time to consolidate below T1 before moving higher. A new follower of the site asked me about how to identify & label divergences, using the SKUL trade as an example.  Below is my reply included with the chart I shared with him on Sunday: [...]


2017-03-08T21:21:23+00:00 Aug 27, 2013 8:50am|Categories: Completed Trades - Long, Long-Term Trades- Completed, Trading Tips|Tags: |Comments Off on SKUL First Target Hit + Educational Example

SKUL Long Setup

SKUL will offer an objective long entry on a daily close above this downtrend line.  Keep in mind that with the bearish divergences, extreme bullish sentiment and other recent conditions that have elevated the risk of a broad sell-off in equities, long-side breakouts may be more prone to a higher risk of  failure right now.  However, one of the main objectives of RSOTC is to post the best looking trade setups, long and short, regardless of my own current positioning or market bias. With that being said, SKUL may possibly be in the final stages of pounding out a bottom but [...]

2017-03-08T21:21:24+00:00 Aug 15, 2013 12:20pm|Categories: Completed Trades - Long, Long-Term Trades- Completed|Tags: |Comments Off on SKUL Long Setup