Tuesday, April 23, 2013
COH trade - earnings call
This could have been a good play but it gapped so high that it did not have a lot of momentum. If it had gapped closer to 52 or so, this would have worked like a rocket till 200 day MA on daily. But still played and got my target
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. |
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