Thursday, May 16, 2013

YOKU did not trigger

YOKU pattern that did not trigger. So no trade on this one. Learn to understand that if there is no trigger, just sit on hands and do nothing.

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.

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.