NKE long today: Nike

This is another trade straight out of the DVD. Started a small position and then added as the stock went my direction quickly. I wanted to get a high above the whole number but the stock went down and when it recovered, I quickly took my profits close to the whole number. Check it out!!

NVDA long play

I called out NVDA and played this long exactly as I define my strategy. Above the 1st 5 min bar high and entered quickly because the sizing of this stock and the way it moves. I got out just before the whole number exit and paid off very well. These patterns happen on a daily basis. Join the gappers and identify trades that every trader can play

EL long play

There were few that was of interest this morning - CTSH, EL, X, ADSK etc..
EL worked out awesome, if you follow my strategy you will see that such trades happen on few stocks every single day. It is very easy to find them and if you play it the way I tell you to, you will gain most of the time. The success ratio is pretty high and is very predictable.

I liked EL when I saw that it did not go below the 1st 5 minute bar. This strategy is called weak bar reversal play. I exited at whole number.

GILD short

Played GILD short this morning and had called it as the trade was forming on twitter. I had expected a quicker move downward but it also fell in the extended consolidation pattern but never crossed the top whole number which is why this was still a play. It did work out but not a huge profit.
Check out my entries/exits

AIG long

Played AIG long this morning but the stock did not go much further. One reason is the 1st bar is just too long and all the move happened within the 1st 5 minutes leaving hardly any room for more movement. The consolidation looked good and a 2nd strike could have worked but it did not.
It is important to take your stops and hence posting it.

GILD short

This is another example of the strategy called "Mid bar continuation" where there is weakness on the 1st bar but the pattern continues in the direction of the trade. Works out nicely. Check out the play. I did not play this but saw the gap much later so just wanted to post the pattern for everyone's benefit.

TXN Long

Played TXN long today. This was an awesome pullback play. I started with a small size above the 1st 5 minute bar and then added when I got a pullback. This worked out very nice and got plenty of opportunity to add and exited close to the next whole number. Check out how I play this accurately and win every single time on this play.