Friday, May 24, 2013
TGT Play
Did not play it, but just wanted to comment on it. Don't really like it since it was not a gap stock. I only play gappers, so this did not hit my list. But MAYBe this is how one could have played it.
P fade play
P fade play, another variation of the gap up stock, that shows weakness on 1st 5 min, shorting it works.
NKE pullback
This is a pullback play, always play such patterns. One big red bar down, pulls back to mid level (around 50%) , short it with tight stop and protect prior lows.
FB swing
GME short
This one is another pull back play, I have posted lots of such examples on my blog. Here is another one and how to play it, where to protect it and then trailing it bar by bar on 5 min chart
FL short
Called for FL short at open and also called it on the pullback. Protecting the whole numbers is very important. Check the chart to see why.
ROST Long
Called for ROST long above the 1st bar high, it worked out very nice. If you played the pullback, here is how. Check the charts
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