This is one way to play it at open, the way I usually play it, start above the 1st bar 5 min high, then exit when it goes below the prior 5 min bar low.
Since 1st 30 mins are very volatile, you can also play such patterns much later. See where I have put B2/S2 on the 5 min chart, play on a small pullback and exit as usual. Your stop is always low of the prior 5 min bar.
Thursday, May 2, 2013
PRU trade today, see how effective such plays are
Another trade, see the patterns that I play. It is the same pattern repeated over and over again, start on the 1st 5 min bar high, with stop being below that, add to your position (if you wish, need experience with this), since your profits can be bigger and so can your losses.
THen exit as you go on the way.. Such plays work so much better. Check how it opened high above the support. Excellent trade
THen exit as you go on the way.. Such plays work so much better. Check how it opened high above the support. Excellent trade
HOS play - How to add to your position in your favor to max your profits
Check this play, opened close to the support but went up very quickly, you could have started a small size when it went up on the 1st 5 min bar, Then you basically wait for the next entry. When you saw the RBI - red bar ignored, that is another place to enter and add. Then you add again on the small pullback... You can then sell off your positio when the 5 min bar broke and leave some for later. I like quick trades so I exit full, but one can get more if they keep the trade till end of the day.
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
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
Wednesday, May 1, 2013
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
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
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