See the cosolidated pattern, small bars and then boom, it just drops. See the same pattern forms a bit later and boom, again it falls. Such patterns work very good with great risk reward ratio. I like the 2nd formation better.. See it tries to go up, 3 bars tries to go up but unable to break the prior red bar and then it drops..
excellent play
Tuesday, May 7, 2013
PRGO short trade
PRGO worked nicely at open, but was very spready and risky. Now it is forming an excellent pattern to short.. will have to see if it works. See the range on the charts
FSLR Profit today
Monday, May 6, 2013
DDD 5 min play
Played DDD on 5 min looks great. Also check out the lunch time pattern. Most of the charts is like this for lunch time.
See how the 1st 5 min bar held. Playing such pattern always or most of the time works well.
See how the 1st 5 min bar held. Playing such pattern always or most of the time works well.
BAC - Don't play lunchtime
BAC - can be played when it had a break out but range is small so tough to do day trade with BAC.
One thing I wanted to point here is that though the lunch time 12-1pm looks good break out, NEVER play it; Most of the time this fails.. sometimes it works like in this chart
One thing I wanted to point here is that though the lunch time 12-1pm looks good break out, NEVER play it; Most of the time this fails.. sometimes it works like in this chart
ARNA play - tough to play such gaps for day trade
Usually don't trade such stocks for day trading.. Don't even like it for swing trade or long term trade purely by technical reasons.
If there is fundamental reason to play.. then go for it.
If there is fundamental reason to play.. then go for it.
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