WTW play from this morning

WTW play this morning - in this case, the support was close to 43, this opened up high and the 1st 5 min bar showed weakness; it tested 46 few times but the whole number did not hold so shorting such patterns have high reward, especially since the support is so low. you can get some real good money with such patterns.

Follow all my 1st 5 min bar variations to see how many plays one can play.

OPEN trade - how to play it

OPEN play - I did not play this stock because of the daily mess. You can only play this for a quick scalp and for purely a quick trade.
Risky and risk to reward ratio is bad in this trade... another variation of the 1st 5 min bar

CAT - pattern to remember and play

This is the kind of play I like, see how the 1st 5 min bar held, came down a bit but not to the bottom of the 1st 5 min bar, a bit of pullback and off it goes again above support of 85 on daily.

remember this pattern and you will see this works many times, higher probability...

KRFT play this morning

Only reason to play was because it kind of looked like a double bottom (it was not in actual sense) but it bounced off the support level and I got in on the next bar high, These pull back plays are risky and may not work since it came all the way back to support, it has higher probability to work if it remained on the top side of the 1st 5 min bar, In this case, it came down to the low of the 1st 5 min bar and breached it momentarily...

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