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
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