EA Trade

This is the pullback play. Always remember this pattern. Strong gap up, good 1st 5 min bar, pulls back a little,  2 bar pullback is excellent than 1 bar pullback, play on the high of the prior 5 min pullback bar.

In this case you will enter above the 2nd red bar, where I entered. Then take profit on the prior highs and hold on to some position. protect whole numbers.

Don;t be too gready..

CTSH play

The big drop down to SUPPORT was a great opportunity to buy and add as it went up. See where I called it and added to the position. I took profits along the way. Still may go up,but can't complain after getting over 6.5R in profits

PXD play

This was a gap that I didnt like. I did not play it and is risky to play such gaps. Only reason to play is it held the 1st 5 min bar, had a minor pullback on the upper half of the 1st bar and went up. Quick profits here

LBTYA break out

LBTYA was an excellent play today. It opened just as a perfect gap just above support level. The 1st 5 min bar was a perfect green bar, nicely formed candle stick and then a small pullback and again it went up. Very good consolidating pattern that gave an opportunity to add to the stock and exit as it went up. Check out the pattern and how to play it

I always play such patterns where the 1st 5 min bar is good, start a small size above the 1st 5 min bar (much better if there was a small pullback like this one) and then add to your position and exit when you get your target for the day.

FOSL mega gap

FOSL opened too high above support and was a mega gap. Mega gaps are gaps that open much above the support level. This one opened very close to the target or resistance on the daily. I did not play them because of this reason. The stock did not move much in price since it already opened with a huge gap.

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.