ALXA counter trend

This is a counter trend play. CHeck out how you can profit from such plays. Again the 1st 5 min bar is the most powerful. You need a stock to gap up and far from support. Here the support is 5.00. It opened close to 6.5 which is a huge gap. Works well on such gaps that opens far from the support.
If the 1st 5 min bar is weak, start your position and add in your favor exiting as shown

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