Tuesday, May 14, 2013
CAT swing play
This is a daily and weekly chart. Love the pattern here. Holding the 200 day moving average this will do good. I like the swing play right here. Check out the charts for entry and stops.
TSLA full day chart
I played the morning on this chart. Today was a profit taking day for TSLA, but the afternoon was playable too with another big drop. Love this chart. Hope someone was able to profit with the sellers,. The selling is always a snow ball effect, where one sells and more join.
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
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.
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