Thursday, May 16, 2013
YHOO short
Another YHOO chart that was short lived, generally YHOO is better swing rather than day trade unless on unusual days since the charts do not have a good follow through. See why
WMT similar to ROST
This pattern is again very similar to the ROST I just posted. See how the consolidation pattern looks like, the charts or technical usually won't work till it goes above support or below resistance. Do not waste your time on day trade with such patterns. I played it for a mere $50 today
ROST swing long
This is a good swing above 66. But I was tempted to play it short on the 5 min but looking at daily consolidation, I did not play it. Even though it appears like the short worked, do not play such patterns, it tends to mess you with your chart reading long term.
The pattern is , short below support and below the 1st 5 min bar, if that breaks do not play it short anymore.
The pattern is , short below support and below the 1st 5 min bar, if that breaks do not play it short anymore.
TSLA short again
TSLA was again another day to short it on opening above 12% today. awesome swing trade if anyone had it overnight. Playing it short on day trade for awesome returns.
NFLX short
NFLX was a good short pattern. Shorting it below the 1st 5 min bar. The trade almost got stopped but survived it and exits are shown on the chart. It opened strong and I did play the high on this and lost. Ideally should have shorted seeing the 1st bar.
KSS messy pattern
This is a messy pattern to remember not to play. Though the gap was nice on the daily, above support, but see how the bars are on the 1 min and also on the 5 min. I would have played it if the 1st bar was a clean green bar and then get 2 bar pullback and play it above the 1st 5 min high. This is a waste.
FLO short
FLO short was a better play, I played it long and did't work for me, apart from a short burst of profit. But generally I do not like the pattern and should not have played it.
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