Called to go long exactly at 9:35 and see how it worked, add to position in your favor and exit on whole numbers. You will remember this patter by now, go back and check my blog, you will see I play this pattern all the time..
This was a good one
Thursday, May 23, 2013
GME counter trend
GME was a counter trend play. Played it on high of the 1st 5 min bar, not a great pattern, did not get much in this, exited soon when it failed to go higher after testing it few times.
PETM long
Called PETM long holding 70. Check out how I played it and added to the position. After adding, it was a cautious move but 70 held so I was in the trade. Took profits on the prior highs of the day.
DLTR long
Check out how to play dltr. I called it yesterday to go long above 50. Holding 50 is key. took profits on whole numbers, it pulled back, could have played again.
Do not get stopped by one big bar drops on 1 min. these can be just profit taking bars or bad ticks (not in this case), the pattern then resumes most of the time.
Do not get stopped by one big bar drops on 1 min. these can be just profit taking bars or bad ticks (not in this case), the pattern then resumes most of the time.
Wednesday, May 22, 2013
DLTR swing
DLTR needs to go above 50 to be meaningful, will see higher numbers. But can be played cautiously on the support lines as shown on the charts
TRLA swing at support now
TRLA looks like a good swing but it has to hold this now. If it drops, it may test 24. Going down it can be shorted.
ROST in range
ROST is in a tight range which is good. It is consolidating here. going higher in this range will go to 70 target or going down it can test 200 day moving average about 62
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