Each week, our Editor runs scans within the Trading Edge Platform and identifies charts of interest for members. From the scan results he selects trading opportunities for members and identifies potential prices for Entries, Stops and Profit targets using TED’s unique Bull and Bear Alert triggers combined with support and resistance levels.

Boral Limited (BLD) was identified as a trading opportunity on the 21st April after a recent Flex term alert that saw prices rising from a major level of support at $5.65.  The proposed entry was $5.94 and the order was filled on the following Monday 24th at the recommended entry price. The stop for the trade was $5.65 – just near the support level which had been developing since February.  A potential profit target of  just under a major resistance level at $6.95  was also flagged.

Prices trended strongly upwards after our entry with a short 5 day pullback in mid May. The profit target was met on the 2nd June with a high tailed candle just touching the $6.95 level as the high of the day.  We exited the trade after 38 days with a return of 16.78%.

There are a variety of ways that members could have managed the exit from this trade and we cover various trade management and trailing stop loss techniques in our members area.  Trading Edge Dynamics is strongly focused on helping members, especially those new to trading, become successful traders and investors. We encourage you to develop your own investing or trading plan and show you how to build the use of the Trading Edge Dynamics tools, including the Editors Select Setups, into your plan.

If you would like to learn more about the Trading Edge Dynamics platform and take advantage of our Editors Select Trade Setups, sign up for a free 14 day free trial.