Tuesday, May 7, 2013

TSLA trade

Check out how TSLA could have been played this morning. A very strong gap up after so many days up. Goes below 5 mins and tests it back. Cannot play immediately at open since it is a strong gap  up so cannot short it. Wait for confirmation and can be played twice as shown

CBST trade

Check out the same pattern like PRGO and how this one could have been played short. Excellent pattern. THe 1st 5 min bar is red, consolidates in the lower half of the 1st red bar, then short it below the 1st 5 min bar bottom for neat profit.. see how it works beautifully always

BBRY play

Check out how you could have played the 5 min low on BBRY. The initial up move did not last and one could have shorted it below the 1st 5 min bar. Touching 15 whole number was a good target no 1

DISCA trade and how to play

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

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

FSLR was a great short when the it formed the red bar ignored (RBI) pattern. I started small and added to the position. Exited close to the whole number. It went much further down later after consolidating in the range of 43-43.4.. nice short play

Monday, May 6, 2013

MELI - big move

MELI - big move that happened quick and finished quick. Such plays are best to take profit at early