Gap up Break down

New game plan, have you been seeing this pattern lately? If yes, then most of the time this has been working. The same is true on the reverse side where a stock gaps down and then goes up breaking the 1st 5 min high.
This one the stock opens up but is weak from the beginning and breaks the 1st 5 min low. One can play this strategy with caution.

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

BA Short

This was an awesome short today. BA short opportunity came on the 5 minute window when it went down below the 1st 5 min bar. Check out the 1 minute chart on the let. The one on the right is the 5 min chart. I got an opportunity to add to the position and it worked awesome.. Just shy of 115... took 2 exits to close the trade.. Wait for the right trade and you do not need to trade daily if yo do not find any good setups.. check out my strategy

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

Various patterns

Today I found this pattern on most of the stocks. The initial few bars were down, it never went above the 1st 5 min high and then broke the 1st 5 min low and then eventually went up. Did you check what the market was doing at the same time. UNH was the only one that went up but was way too spready to make any meaningful trade out of it. Adding to UNH was way too risky. When you see such patterns, it is not in our strategy and the best trade on that day is - no trade.

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

RF Trade

Another earnings example, again I did not play it. Firstly the stock price is not too appealing and there is no guarantee that such stocks will move much.. look at the daily movement of such stocks.
The reason I mention it here is that if you see such a big 1st bar, then do not trade it immediately as most likely it will consolidate before going in either direction. You should not get trapped trading such stocks as it will not move or often will fall back in the range.

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

FAST Trade

I did not trade this stock but wanted to mention it because most of the gap downs did this pattern and I wanted to make sure that one does not confuse this with the "Fade play" strategy that I do sometimes. This is not a fade play because the gap down was not big enough. This is just a gap down that happened to go up. This is not one of my strategies. If anyone plays this then one should play it on the rebound when the big red bar was ignored. Playing it at open does not have  a high probability of success.. be cautious.. learn the correct strategy.

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

QUNR Long

QUNR was a nice gap today. The 1st couple of bars went down which means it came closer to the open price and started to go up from there. I got in above the 1st 5 min bar and added ONLY after a brief drop in the price when I got the opportunity as shown in the  1 minute charts below. I added close to my purchase price. The stock moved quickly for me and I took off half close to the next whole number and closed my position when it went up very quickly give me neat profits.
This is part of my strategy that has high success ratio.

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php

Want to do day trading for a living? Want to learn how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.

I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

BLUE Long

Another great chart with a great power bar. This is another pattern that I play often. A power bar followed by a brief pause before heading upward again. You buy small at start and add only above the 1st 5 min bar high. Then you protect your position at every whole number and follow the trade. Check out my prior blogs, I have played this many times. This is a strategy straight out of the dvd... check it out

Want to do day trading for a living? Want to lean how the stock market works? Learn to invest in stocks and start planning for retirement. Make consistent returns and manage your risks.
I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.  

I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD. 

Check out my website for all the services that I offer - http://www.agaptrader.com/Trading_DVDs.php