FLR play this morning

Check out the FLR play this morning, again the same pattern that I play on pull back, stops are generally below the prior 5 min low, this play got my attention because, it tried to go down and it held 60 whole number. I played this for some profits, another reason to start small was it is close to reversal time 10am; Played good but didnt go high as I expected to the high of the day.

GILD trade this morning that made me tons

Good stock with good earnings. This was a pull back play, the only thing I didnt like about this play is that the 1st bar closed half way which means a bit of weakness or lack of strength on such a strong day. If that 1st 5 min bar held good and then we had this pullback, I would have liked it better.

But still played it and added on the way with exits near the high of the day.

FB - why I dont play such patterns

Check out how the bars are pointy or spready, there is no clear bar. It I dont like to trade such stocks. See how one bar is red one is green, no clear direction. Though on the daily, it looks clean, I dont like such patterns. Dont trade

Visa trade - how you can play it later too

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.

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

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