Friday, May 10, 2013
MDVN short call
My MDVN short call below the 1st 5 min worked but was short lived. It did not last or continue the trend long enough to add and make much more. Now it is consolidating and has a good chance to fall. I tried the 2nd time and exited since found it risky. But actual stop is 50.31 which has not yet been taken.
GPS play today
GPS play this morning where I got close to 2R.., it played out much better and went above 41 that I did not expect due to the 1 min bars. See how each bar has a tail.. dont generally like such pattern. Also there was on bar on 1 min, that has a very big tail.. so just wanted to protect my profits.
Thursday, May 9, 2013
OWW 5 min play
This is my favorite pattern. Why?
1. Nice support on daily
2. 1st 5 min bar is clean with no tails (or least tails)
3. Goes above whole number
Very nice play and opportunity to add along the way and exit.
1. Nice support on daily
2. 1st 5 min bar is clean with no tails (or least tails)
3. Goes above whole number
Very nice play and opportunity to add along the way and exit.
GMCR pullback
Check out my GMCR play this morning. I had posted another chart in the morning when I played it. Here is another analysis on how you can play it on pullback. 70 holding was the key and one can start small and add on to the size to get great profits off the 2nd pullback play. This is best for people who do not want to trade the 1st 30 mins since it is just too volatile.
RAX short
RAX was a perfect short after the 1st 5 min low. You cannot play it at open since the gap was huge.. shorting the stock and adding to the position worked out beautifully. Cover as you go..
DLR short call
See how I called the DLR short trade.. Below the 1st 5 min low, 66 was support on dialy, 65.5 was on the intra day below the 1st 5 min bar.. cover at whole number
GCMR trade
This was an awesome trade, got in on the red bar ignored on 1 min and added heavily very quickly in my direction of the trade.. I had to exit the next minute as I got my profits and then kept the rest to exit later.. perfect play..
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