Wednesday, April 24, 2013
BRCM long play
This opened close to the support but there was resistance on the area. It never cleared the entire 35 area clearly. Historically this chart does not move much. Due to earnings the volume was huge. Did not add to the position as was not very happy with the chart as such. Small change.
WYN Short counter trend
This was a good gap up above support, but it started weak and did not hold. I started my position with the 1st big bar drop on 1 min and added on 5 min low. Took profits as it went down and closed position. Great profits today
YUM long play and added to position with neat profit
YUM play, started at support with small size and added heavy when it did not fall below the 1st 5 min bar, it did hold 68 close enough and did not get stopped. Added to position and then took profit on low of the prior 5 min bar.. Exits are usually bar by bar and I exit my 1st position on the prior 5 min bar low.
Tuesday, April 23, 2013
NFLX trade long
This was a very volatile stock and has lot of moment so have to play very carefully and hence mentioned it is only for brave hearts. Tried the 2nd time and got back some $$$.. but played very very conservatively
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. |
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