Monday, May 13, 2013
AMBA trade
Here is the AMBA trade where you can add and exit in parts as the trade works in your favor booking profits as you go. You never completely exit till I have shown in the charts. These are mainly money management techniques that you can adopt
CTSH short
Worked out very well with a start below the 1st 5 min bar and adding it to the position and lowering the stop for the play. Excellent opportunity to short such trades. See the entry/exits on the chart
BBBY short
This one cannot be played at open since the gap was not good enough to mark it on the charts. But this gave a very good opportunity on pullback. Another reason not to play this at open is because the 1st bar was a green bar and normally you would like it to play long , but this went down below that 1st 5 min bar quickly and came back, did not take the high of the 1st 5 min bar and gave a good opportunity to short it. See the charts for entry/exits
CSIQ Long
CSIQ Long play worked out very nicely. It was above the 1st 5 min bar, after the smaller pullbacks. Going long and exiting as per charts was a nice trade. I did not play this. But this fits my trading plan and plays that I do every day.
CELG Play
CELG - another perfect 5 min play. Buy above the 1st 5 min bar and add on your way, 128 held very well, so opportunity to add to your position and exit on the way.
NFLX play
Called this on twitter / stocktwits at 9:34 saying the 1st 5 min bar is v strong, and it held. Buying above it and adding on the way was an awesome trade. Exit when you get your profits
TSLA play
Check out the TSLA play. The 1st 5 min held, so that was the trigger, Doing it above the 1st 3 bars was a great opportunity to start this play. Exit as per your plans. This was another awesome call today.
I called this play as it formed in stocktwits and twitter
I called this play as it formed in stocktwits and twitter
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