Learn To Trade Stocks And Forex with TradeSecret.co, an educational resource for amateur traders.

I’m Nick Atherton, a full time trader and former trader coach with ‘Knowledge To Action Ltd / Traders University’.

Trading is not easy but it is straightforward and as I find them I post trade ideas (for educational purposes only) based on the simple strategies, that I and many other successful traders use. Each idea contains links through to the relevant strategy tutorial. Good trading!

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Trade Results: SGC, MRO & DGE

19 May, 2012 Leave a comment

Pin Bar

The Pin Bar setup posted on 24 April for SGC has hit target. There was a ‘hairy’ episode at the start of the trade but price didn’t actually hit the stop loss and eventually it fell nicely to our 236p target.

 

Bounce Trade

The Bounce Trade flagged on MRO on 15 April struggled to get past the 435/440p resistance level mentioned in the trade idea. Traders should have locked in some small profits around this level.

 

Resistance Breakout

The Resistance Breakout setup noted on DGE on 17 April looked promising but didn’t really deliver. Break even or a small profit was the most likely result for this trade.

Tags: , , Categories: Trade Results

Trade Idea: BA. – Pin Bar

18 May, 2012 Leave a comment

Pin Bar

Great looking bearish Pin Bar off the support turned resistance level at 288p on BAE Systems at present.

  • Entry: Go short either now or after a suitable retracement entry has formed further up the candle
  • Stop Loss: Above the pin bar high and resistance around 288p
  • Target: The support level at 250p

Tags: Categories: Stocks Trades

Trade Results: SNR, BARC & PFC

18 May, 2012 Leave a comment

Pin Bar

SNR posted as a Pin Bar on 20 March has made good albeit slow progress towards target. However its not been an easy ride up and we would have expected most traders to have exited the trade now around the 210p level with trailing stops, if not before.

 

Bounce Trade

The weekly chart short Bounce Trade setup flagged on BARC on 9 April is also going well. Our suggested target of 150p is not yet hit but remains very do-able with time.

 

Chanel Breakout

The Channel Breakout posted on PFC on 3 April never really came to anything sadly. Had traders kept faith in the original stop loss they should not have lost money and there were plenty of opportunities to get to break even before the stock eventually capitulated at the start of May.

Categories: Trade Results

Trade Idea: KESA – Channel Breakout

17 May, 2012 Leave a comment | 2 Comments

Channel Breakout

Big fall on KESA today triggering a Channel Breakout setup. Given the size of the candle its now worth waiting to see whether there is any retracement and retest of the old support level at 53p before looking for a short entry.

  • Entry: Go short on a suitable retracement towards the 53p support level followed by bearish quality price action
  • Stop Loss: Above the channel support level
  • Target: There are no support levels to target so trail stops appropriately instead

Tags: Categories: Stocks Trades

Trade Idea: HMSO – Channel Breakout

15 May, 2012 Leave a comment

Channel Breakout

Worth watching HMSO which appears to forming a Channel Breakout setup as part of its recent uptrend.

  • Entry: Go long on a break or preferably close through channel resistance at 430p
  • Stop Loss: Beneath channel support at this time around 405p
  • Target: A break through the 430p level could give rise to move up to the next historical key level at 485p

Tags: Categories: Stocks Trades