Tuesday, May 7, 2013

PRGO call

I called this trade and posted it even before it had formed. Check out my graph on this blog. I am posting it again now to show how it formed and how I played it for a neat profit. Check out my earlier graph when it had not formed.

FSLR - Profit on this pattern

Check out my prior call on FSLR. I am reposting this to show you how my exits worked nicely. The reason to exit on whole numbers and why they are so powerful.
I had posted this earlier and called this play. Got over 3R in this play today.

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