Tuesday, May 14, 2013

SODA play

This could have been played at open only because last day was a big red day and above 60 support was a risky start. Start small and add to your position raising your stop is how one should play this. Check out the charts on where to enter, add , raise stop and exit based on the 5 min chart

LVS long play

This was an awesome play this morning, look at the perfect 5 min 1st bar and how cleanly it was formed, any small pullback or consolidation/ stalls etc on this was a perfect opportunity to enter and manage your trade on the 5 min chart

GMCR Play


GMCR long play, jumped quickly after a brief stall. Check out the 5 min charts.

GILD play

GILD play that worked very nicely that started with a small pulback but never breached the low of the 1st 5 min bar. Went up after that. This is how to play it.

COP long

COP long, only reason to play it is the support held. But don't like it because it went below the 1st 5 min bar. The 1st bar needs to be strong for this to work out well with better probabilities. This still turned out ok, but not in my trading plan.

BBRY short

BBRY did give a short signal below the 1st 5 min, that could have been played. The drop that happened big was unexpected if someone held on for so long. One of the possible plays is the rebound from the big drop as shown. Most of the time, keep an eye on such big drops, a 50% rebound happens after consolidation

AAPL short

There was a setup in AAPL but no one would have expected it to fall so big so quick. If anyone did short below the support line on 5 min chart, just got very lucky today.