Posts by: buxED

$MYOS Pushes Up With Sympathy

The trade I was looking for was a short sell against breakdown resistance. This type of trade typically has the characteristic that your resistance level is approached, breached with some consolidation and then respected, never to see it again afterward.

$MDGS Runs To +100%

Since there was no gap and there was just fluid price action, I identified the short term resistance spots and found my risk level at $2.40. I planned to use this level as my risk and to get an entry…