Thursday, April 25, 2013

CCI play this morning, this pattern works

Played on pullback and it worked awesome. When the stock does nto fall below its 1st 5 min bar and pulls back to half of the 1st 5 minbar, it is a good probability game

RCL play today

Awesome start on 1 min RBI, played out too well, took profits on the way up

LRCX long play today

Started small and added to the play and took profits on the way.. awesome play today

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