Tuesday, April 23, 2013

LMT trade on pull back

Such trades are usually weak but sometimes does work, but low returns. Weak because it broke the 1st 5 min bar and then tried to head up. Such plays are better to short. Played against my plan and was break even

Sunday, April 21, 2013

MCD Earnings short play

Tier 2, generally such pattern works. It did not work for me, the only issue I see is that it never went below the 1st 5 min bar, that held and the range was again narrow. 

STT short play



This pattern also works generally, this pulled back to 50% level and started going down, my target was 55, didn’t work. I added heavily and lost. But this is a good pattern, especially when earnings such stock moves

Thursday, April 18, 2013

SNDK long trade on pullback

SNDK - pullbacks usually have lower probability of working unless it was at a higher level of the 1st 5 min bar; this would have worked much better if I shorted it; was almost up 3R due to my adds, should have exited to get all profits;

UNH short trade..

UNH again the short did not work well, expected it to go to the prior lows. Went to narrow range and did not yield much.

VZ - not enough range to get big R's..


Range was not good enough to get enough profit.. Small change; on earnings day expected the range to be bigger.

Tuesday, April 16, 2013

JNJ trade this morning. Played too early and lost 1/2 R


Played  too early and lost.. Should have waited for the 5 min high, it worked eventually