Tuesday, April 30, 2013
Chart analysis - 2 stocks comparisons
Check out the analysis on 2 time frames for 2 stocks. Both opened a bit higher than what I would have liked but both could have been played in different ways... something to think about.
SINA Play - same pattern on Apr 29
Played this the same way I played the other 2 stocks yesterday. Went with small start and bailed out with minimal profit.Better play was to short it. If the 1st 5 min bar is broken, better to play it short.
ETN play from Apr 29
Liked the play since it came back strong, I waited for confirmation on 5 min and then got in, It did break the 1st 5 min bar low so the chances of success was low. Tried and bailed out when it did not work.. took small hit
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.
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
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