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.

Aveo Group(AOG) was identified as a trading opportunity on the 31st March after a recent Flex term alert that saw prices rising from a level of support at $3.08.  The proposed entry was between $3.22 and $3.26. The order was filled the same day with prices falling to the recommended entry range during the day. The stop for the trade was $3.08 – just near the support level which was the bottom of a trading range that had been developing since January. A potential profit target of  just under a major resistance level at $3.58 was also flagged.

Prices fell away from the entry price but the stop was not triggered and the sideways range continued through April and early May.  Because of the extended sideways trading range the profit target on the trade was lowered to $3.27 for a theoretical break even trade. The new target was set just below the most recent high. On the 12th May prices gapped up and our break even exit price was hit. We exited the trade after 42 days with a return of only .07%, however, our capital was protected from the significant gap downs that occurred later in June and shown on the chart above

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.