Wednesday, May 22, 2013

HPQ long

HPQ did good in earnings today so the pre-market trade is going about 24.2 . This stock holding 21.75 is very nice. But this is giong to open a lot higher, so have to see how it works out tomorrow.
It can be a fade gap or can be a powerful gap up and tends to go higher.
Chart will reveal itself tomorrow.

AMZN swing

AMZN is in a range bound. It needs to go up or down the range in order to get some break in its price range. You can still play it short at 270 or go long at 255

FB swing

Like FB swing here. Holding 200 day moving avg is a good swing trade, may get some bounce here. Else next support is closer to 20 bucks

5 min pattern 3

HD as an example here to show the 1st 5 min high play that I do. THis is how you do it, keep adding above the prior bar high and raise the stop. exit on prior 5 min low and just close position if you see it falling.

5 min alternate pattern

Another 5 min pattern. This one does not pull back but goes above the 1st 5 min quickly, In such cases just buy small at first and then add on every 5 min high putting the stop below the prior 5 min high as shown. This adds up very quickly and gives monster profits

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