DIS Play

Though Disney gapped up and closed above the open today, it was not playable long per my trading rules. This could have been played as a short when it went below the 1st 5 min bar at open. I have marked the entry and exits on the 5 min chart.

It is extended is what I feel. Tough to go long after so many days green.

D - good for swing

D looks good on swing trade, where you will buy and keep it for few days for profit. If you buy, then buy above today and your stop should be below the line I have marked on the daily.

Tough to play it as a day trade.

ARNA play

ARNA was a very good gap but it gapped into the mess on the daily. Though the gap worked very well and it did not get suppressed by the messy daily pattern, it was strong and went up straight.
It was difficult to play this pattern due to the opening of the gap into the daily mess and because the gap 1st 5 min bar was broken. It played well during lunch time, which is against the trading rules. It finally finished above. I like it now and crossing 200 day moving avg on daily is a great come back sign.

Today it went up on news that hedge fund managers are buying it. More fundamental than technical.

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