Tuesday, April 30, 2013

ACT play on Apr 29

ACT play yesterday. I could have held it but killed it shortly. 2 reasons why I did that though it did work eventually without the low of the 5 min bar being hit or my actual stop being hit.
1st is that the 1st 5 min bar was broken so it becomes a less probability game
2nd reason is this stock was jumpy meaning it was spready. The difference between ask/bid was much bigger than what I liked.

Friday, April 26, 2013

SBUX tried long didnt work

the 1st bar was big and the pattern was looking like a good long. Tried it but it didnt do much. Was most of the time in the range only.

DHI short didnt work

Shorted it since the stock had opened a bit higher than what I liked. Went below the 1sty 5 min bar so shorted it but didnt work so took a quick cover

DECK trade long , counter trend

played long as counter trend play, got some R's quickly. Was a good scalp

COV trade short, got unlucky and got stopped

Shorted the stock, the 1st bar was too big hence the follow through was not that big, liked the pattern and shorted it, got unlucky and got stopped close to 63

BIDU short worked well, had sized big, a bit risky

Shorted the stock at reversal time and sized it big. was a bit risky since it had already gapped down a lot and was close to support. Got the profits and closed it quick.

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