LNKD - awesome short, but had to wait for it to take down the 1st 5 min bar. If it held the 1st 5 min bar, it could have gone up. But since it didnt, one can short it with a tight stop and exit on the way.
Check out why one has to wait for it to take the 1st 5 min bar low before entering into such plays
Saturday, May 11, 2013
TSLA play
TSLA play, see how well it formed on the 1 min chart. Excellent buy opportunity above the 1st 5 min bar and gave lots of opportunities to add to your position in your favor and exit when you get too many R's.. remember this pattern. works!!
MCP play
Awesome MCP play, perfect break out above 6 on the daily and see how it can be played. Very nice pattern and see how good the 5 min bar and the 1 min bars are. Gave another opportunity to play it after the lunch hours and worked out perfectly.
See the lunch hour doldrums and why one should not trade during lunch.
See the lunch hour doldrums and why one should not trade during lunch.
Friday, May 10, 2013
PANL short
PANL short worked but just didnt like it due to the daily mess and because it opened above the 200 day moving avg and then went down. 5 min chart looks beautiful
I didnt play it
I didnt play it
MGA pullback long call
I did not play MGA, but I had called it on twitter/stocktwits and this is how you could have played it. This is a pullback play. stop is below the bar where I have said buy. Not great risk reward., already extended pattern on daily
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.
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