Saturday, July 7, 2012

Gap and Go short - QQQ - Last Post Until September

60 Minute Chart
 
15 Minute Chart
 
.
Stock:QQQ
Entry Bar: 2
Time Frame: 15 Minute
Entry Point: 64.43
Stop: 64.70
Exit Goal: 64.05
Result: yes
All or Nothing Result: all
Notes: Very weak Gap down after run up.. Nice red 15 minute bar after breaking 60 minute up trend, take it and ride it with keeping to your stop. I check every morning the gaps on the SPY and QQQ. In seeing that the odds to fill where weak I then tracked the potential to take a go with gap play. That is how I found this trade. 

Will start Posting again after the summer! Will focus more on how I trade the SPY and QQQ...Stay Cool see you in September. 

* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. Feel free to post any trades you made today that you would like commented on.

2 comments:

Day Trading Software said...

impressive charts! thanks for the great information... i am not aware of this thing but now i can get some good knowledge with the help of this post

agnnis said...

Thanks for this article nice explanation about day trade.

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 & TD AMERITRADE