Z - 2 pattern on short sell

Z - same 2 patterns that I showed on the prior stock - STWD.

But this one is on the short side
Pattern 1 - the power of 1st 5 min bar, This was a perfect play since it went down on the 1st 5 min bar and that was the support on daily. Perfect short sell.. on the 1st play

Pattern 2 - pullback play - here you short sell below the prior 5 min bar as shown and stop is shown on the 5 min chart. You protect the prior low of the day.

STWD - 2 patterns

Here you can see 2 patterns working beautifully.
Pattern 1 - the power of 1st 5 min bar, THis was a perfect play since it went up on the 1st 5 min bar and that was the support on daily. Perfect buy.. B1/ S1 is buy/sell on the 1st play

Pattern 2 - pullback play - here you buy above the prior 5 min high as shown and stop is shown on the 5 min chart. You protect the prior high of the day.

MCK same pattern

Same pattern like EA, this is what I am talking about.. Now the stock is going up again as I write this blog. Check out this pattern and always play it.. same on the short side as well.

When you have a strong 1st 5 min bar , you get 2 bar pullback or consolidation, play on the high of prior 5 min bar. See the difference in this play.. you will not enter on any 5 min bar, you will enter on the high of the prior 5 min bar and add to the position as it goes in your favor..
stop is below the prior 5 min bar.

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.