Holding $BORN at a $1.50 average. Following the main idea of Shanghai Index recent breakout, $BORN looks nearly ready for some action after accumulation around the $1.50 area for the whole year.
Exciting days could be around the corner as earnings are announced tomorrow. But it could need up to one extra month to break current symmetrical triangle (bullish pattern).
Follow the money! And your trading will be easier and smooth. You want to start buying in an accumulation area and keep adding to your position as soon as a new uptrend starts to develop.
Remember not to sell too early! You want to keep at least a decent amount of your initial position to keep riding the uptrend until it is over.
That's the difference between...
Sometimes you feel awful because you just missed a trade you were following, for only a little... I just missed a +85% profit for $0.01... Yep, for just a cent!
In these cases, you need to remember to NEVER chase a stock. Just forget about it and move to the next opportunity, there are plenty of them, all the time.
As I said earlier, after 3100 resistance was...
Why do I prefer to trade and invest in smaller companies while everyone seems to be only focusing on the main ones?
The answer is easy, huge returns. You can easily make 50% profit in 1 week without any leverage and over 200% after few weeks/months. There is no way you can achieve the same results in larger stocks.
Small stocks are also easier to trade if you are...
$NBY i'll be looking tomorrow for a gap up and then a pop into the $4.50 half dollar resistance that I will short. Keep your stops tight if the lower high doesn't hold and keeps breaking up because it can run to $5
GBP pairs sold off pretty hard today after BOE lowered key interest rates to all time lows.
Going forward i will be playing a bounce on the short term time frames.
Looking for a bounce of the channel and stops below 131.3
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Keep...
Will be watching $NUGT tomorrow, approaching previous resistance & whole dollar resistance, so I will watch for it to spike into that $170 area then fail for the short. I'll be keeping my stop loosely above the 170's to give the trade some room to workout, but has upside to watch out for if it breaks above that resistance.
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point.
Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;)
Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
Will be looking to take a long position on USD/CHF based on the following reasons:
- 0.618 fib support held strong
- Inside a falling wedge which is normally a sign of reversal
- Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue
As always, trade safe
$EBIO has been getting sold off when it tries to make runs, looking for a spike tomorrow up to previous highs as resistance levels and then I will short it, 4.50 is the nearest half dollar resistance, I will have a loose stop around that area. If it pushes through previous resistance then I will keep waiting for the next bearish sign to short. After the washout...
Will be looking to take a short position on CHF/JPY based on the following reasons:
- Previous support has now become resistance (108)
- Failure to break past 0.618 fib levell
- Bounce of 50 EMA
Trade safe
