AMEX:VXX   IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN
Hope this idea helps!
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VXX             is in a confirmed uptrend but we have just received an alert by our MACD Buy/Sell Overlay Indicator warning us of a possible price drop coming. We are also taking a short position on VXX             after it failed to pass through the double top resistance at $50.18. If we see a price breakout above this point we will be in a confirmed breakout but with the double top and our indicators showing a drop coming, we're expecting VXX             to be headed down.

Indicators Used in this Idea:
Master Bull/Bear - Uptrend/Downtrend Confirmation
Auto Support with Resistance Lines
MACD Buy/Sell Overlay

Please share your opinion on what you think. We love collective feedback so we all grow together.

Enjoy life, enjoy trading!
Travis

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Trade Indicators are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

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Ah, never mind, I "loaded new bars" and saw this was a losing trade. Unless you are still in it.
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@mikejody, we aren't in this trade at the moment because the price never reached our red support line to trigger a short for us. We were going short as the idea states but we were waiting for a break in the support line which never happened. To be 100% honest, we did not see this spike coming, all TA was pointing to a downtrend coming. So hard to call them all but we certainly try our best :)
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mikejody TradeIndicators
@TradeIndicators, Perfect, makes sense, I see what you're saying now, thanks Travis.
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@mikejody, absolutely Mike! Have a wonderful day!
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What is your trading plan assuming VXX headed down? Buying puts?
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