TSLA Play today

TSLA opened up too high so cannot play at open, had to wait for it to settle down and people to take profits before you can enter it long.
This was more of a speculative buy just because of the hype of trading TSLA. I went in on the whole number with small size and exited at the high of the day.

DVA - awesome play

Like such plays that start from the daily support and the 1st 5 min holds and off it goes giving quick profits. Exits have been defined . Close out the position closer to the target defined on the daily (prior highs). Here it is 128ish.. Perfect play, well defined target, above support.. Do I need to say more ? :)

WLT Play

Like the daily consolidation and the break out on this play. The 1st 5 min bar held and there was a bit of consolidation before it started to go up, giving opportunity to add and enter full position on the way. Exits as defined. Nice play.

VRSN Play

This was not my ideal play. I did not play it. This is not a pattern I play, just because it worked or seems to have worked, does not mean such patterns work. Be careful as the odds are not great for such plays.

ONXX trade

Check out the ONXX play. Though there are resistance on the daily, but it is a bit above that level so this one can be played. ANother reason to play is the 5 min chart reversal. Another reason is it never went below the 1st 5 min bar, Another reason is some amount of consolidation on the 1 min chart before it went up.

Such plays are good. Start slow so you do not lose if it goes against you. Start adding and full into your position once in your favor and then exit as it reaches your daily target levels.

NTAP play

Check out why I cannot play NTAP even though the 5 min pattern worked. You have to be careful that the stock is above support before you play it and it is not in the messy region of the daily charts.

When it went up, the target was 36, so the risk to reward was very low and odd of this working is very less. So do not play this pattern

CTSH Play today

Check out the CTSH play that I played this morning. The reason why I get so many R's is because I add heavily to the position once it is in my favor. This is advanced trading hence one has to be cautious.
Here is the chart again