Wednesday, May 22, 2013

Best 5 min pattern

Putting this as a nice 5 min pattern, remember this pattern, this is just an example. I did not play it, but generally this is the best pattern I like to trade.

CLNT long lucky trade?

Upfront - I did not trade it as this was not on my radar, looks like a one day news wonder. But generally if you had a lucky day and traded it, the best way is to go above the 1st 5 min over the daily support base

CREE long unlucky

Called CREE long at 9:41 but got stopped out unluckily else it worked out nicely

TOL long

TOL long called at 9:41am and it has worked, but has not gone up a lot inspite of the fact that the market is doing so good. This is on a consolidated mode. SO sizing was important if you took profits on prior high

NTAP short call

Called to short it, the reason is the 1st bar was big red, this is a faded gap, then short it on pullback. See how the small consolidated bars give a hint.

Tuesday, May 21, 2013

HLF today

Called for a swing play on HLF above 45 with a 2.5 dollar stop on May 11, today it saw high of 53. Like it

EMC today

Called EMC swing on May 11 and see how it worked out and the price today.