Thursday, May 16, 2013

BMY short

BMY short that I did not like, but these are opportunities that one can play. I don't like it because the gap was in the middle of nowhere, 2ndly the 1st 5 min bar was an up bar and followed by another up bar, no weakness shown. Then it starts to fall and on confirmation one could have played it.
i don't like such plays and I did not play it.

ARRS counter trend

Check out the counter trend play on ARRS. See how the support held and it never showed weakness on the 5 min chart. These can be played against its trend.

FFIV 84support

FFIV was a short for a quick cover when it did nto fall below 84. When the 84 support held so strong, it was time to reverse and go long over the consolidation.
See how it worked out beautifully. With 84 as stop, sell on prior high.

Tuesday, May 14, 2013

APOL play

Don't you love such patterns. I show them on my charts daily. These work so well. Just remember how to place your stops, entries, exits and adds. These are the 4 variables you need. Love it

SNE Fade

These are the best fade charts, where the gap opens much higher. The chances of it coming back to support is good if it breaks the 1st 5 min bar and shows weakness. Like such patterns. If this had opened at the support, even if it breaks the 1st 5 min, one has to play on confirmation, not at open.

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.