CAVM play long at support. See how I played and added to the position and took profits as it went. Follow your plan and you get your $$$;
Why sell CAVM so quickly - because it broke the 1st 5 min bar low; This play was mainly bounce from 200 day moving avg
Wednesday, May 1, 2013
TRMB short play from 200 days moving avg on daily
Reason to short was simple, it went all the way to 200 day moving average on daily and never went above the 1st 5 min bar, went mid size of that bar and started going down.. great probability of such plays. worked very well
FIRE Play today
Played FIRE this morning. The 1st 2 mins it came down big all the way to support, I started slow and added on 5 min and added heavily.. took profit as it went and finally closed it close to 55 .. over 7.5R play.. can't be more greedy
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.
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