Thursday, May 23, 2013
EXPD swing triggered
Like the expd swing trade, it went strongly above the 200 day moving avg and above the resistance today. This is a very good strong positive sign. This will see 44 as target.
Z swing
Like Z swing here. Look how it came to support and started going up again. This crossing 60 is a very good sign.
CRUS-SMTC compare
Check out the similarities in the 5 min pattern on SMTC and CRUS. I played SMTC today and did not have CRUS on radar. But if I had, this looks so similar on 5 min down trend.
Check out how the 1st bar went down and came back and continued the downtrend. Remember these and play it often
Check out how the 1st bar went down and came back and continued the downtrend. Remember these and play it often
SMTC short
SMTC short worked perfectly, called it at 9:31 a bit aggressive but added on the 1 min as shown and exited at whole numbers. See how to play it
Also one could have played the bounce. See my bounce plays in my blogs
Also one could have played the bounce. See my bounce plays in my blogs
HPQ long call
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
This was a good one
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.
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