YELP play from this morning

I did not play YELP this morning, because I thought it opened a bit too high. I would have liked it to open close to the support of 27.4 or close to 28, but it opened above 29 and it was a bit too high when the stock had already opened well above 10% range making me uncomfortable.

But if you play this, the only way to play is above the 5 min high and sell it when the prior bar 5 min high is breached, at least that is the 1st exit. See the chart

CAVM play long on 200 day moving avg daily support

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

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

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