ABX and AGQ Trade Idea Follow Up

Yesterday I also posted ABX and AGQ long, both look decent this morning.

AGQ...

 This was yesterday's set up, I had set an alert for a pullback and waited for the short term 3C to respond favorably, indicating the pullback was likely ending.

 Here's the 2 min chart with a positive divergence this morning, so the 1 min early strength yesterday is migrating to the longer charts.

 It looks like AGQ has already been set up for a bounce higher and the short 3C timeframes were just the timing signals as the 15 min is positive and the 30 min is showing an excellent move today alone.

 30 min

 As for stops, you can email me for updates any time you need them, often a 22 bar average is close to my trend channel, but I would prefer to give you updates of the Trend Channel as needed. The 30 min just about guarantees a break even trade and gives plenty of space for consolidations, it will move up and lock in gains with price, but slower then some of the other timeframes.

 I prefer the 15 min as it has held former trends in AGQ very well, it guarantees a break even trade and will lock in gains faster and still allow for moderate corrections.

ABX...

 This was yesterday's bullish triangle and this is what I said yesterday, "Intraday on a 10 min chart you can see a bullish ascending triangle taking shape with correct volume, you always have to be aware of a shakeout in well formed continuation patterns like this."
And it looks like that is what we have seen thus far, I personally would not want to see ABX make a move lower then the intraday lows from today at the red trendline, 1 shakeout should be enough.

 The 2 min chart still looks like ABX wants to breakout, it has even improved on this mornings shakeout of the triangle.

For now, I would use the 60 min trend channel which places the stop around the same area mentioned above. If ABX gets moving to the upside then we will tighten up the stop.