Purchase A Day Traders Business Plan for only $125 . . . (updated 3/1/09)

Tuesday, July 14, 2009

Winner and Loser: SYNA and AKS

Top Picture AKS - Gap and Go Loser, came down took out my stop then took off, it happens.

Bottom Picture SYNA- Gap and go short winner 10 minute play.


(Double Click Picture for a Larger View)
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Learn to trade gaps

Monday, July 13, 2009

15 Minute Candlestick breakout - KFT

Daily Chart

Set Up

Full day result - also presents 123 pullback to Outside range high

(Double Click Picture for a Larger View)

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Stock:KFT
Entry Bar: 9
Entry Green Line:26.81
Stop Red Line: 26.70
Result: even to .16 (1.6r)
Setup Grade
: B+
Notes: Breaking out on the daily from its wedge. Scale as you go and get the stop to entry. I scaled out, moved my stop to entry and was stopped on my remaining shares. I reentered after 123 pullback hammer that formed at the 15 minute outside range. .07 risk.....scaled out at plus .10 and stop to even.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

Sunday, July 12, 2009

2 minute 8SMA - DOV

2 minute setup

result and out

(Double Click Picture for a Larger View)
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Stock:DOV 2 minute chart
Entry Bar:9
Entry Green Line: 31.53
Stop Red Line: 31.43
Result: .31 and out
Setup Grade
: B
Notes: I only take these in the first 30 minutes of the day, I look for small narrow range bars. I get and out quickly. This one is from Friday. If I didn't hit my goal I would have got out on the bottom of the last down red bar.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

Friday, July 10, 2009

Vacation - Will post a chart this weekend

Will post a chart this weekend - vacation, not much trading for the next week.

Tuesday, July 7, 2009

Gap Fill and Go - AET

5 minute chart - This was sent to me by a reader, nice trade

(Double Click Picture for a Larger View)
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Stock:AET 5 minute chart
Entry Bar: 2
Entry Green Line: 25.27
Stop Red Line: 24 conservative or under 20 SMA 24.49
Result:
.33-.98
Setup Grade
: B
Notes
: Trade from a reader made yesterday, he scaled out as it went up, 40%(25.6), 30%(25.97), 30%(26.25).


* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

Screen shot of my stock watch list

I get this question a lot, how do I track my watch list of stocks on the day. Here is a screen shot of how I track my candidate's for the first 30 minutes of the day when trading the 2 minute charts. I get this list from my pre market scans.

I use tradestation to track my candidates but use Street Smart Pro Schwab to make my equity trades.



Learn to trade gaps

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION & SCHWAB.