Two 30 minute trades today.
MOMO - popped up on volume screen. Nice condensed narrowing of the bars and enter on bar 8 and then the pop. Missed my Exit by a @#%! .01 but still a nice winner out 1.65R
QCOM was on my daily watch list after strong previous day. Had an order in at first NR7 (bar 5)- didnt break the high and no trade..... and then later on at bar entered at Bar 11 in which was filled. Small gainer and out before the closing bell.
HLS and CHRW also had winners that I missed. Same premise, narrow range bars with an active stock, follow the trend and looking for that POP from the built up condensed pressure...pop goes the weasel as you can see by the MOMO 8th bar.
Stocks to watch tomorrow: Short CHRW and Long NVCR and QCOM
* You don't have to trade everyday. If the conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. Missed money is better than lost money. Day trading and the stock market is not a "war" that you must win at all cost. Trading should be fun, wait for only the good setups. Follow your rules, stick to your stops, and know that everyday the market presents a new chess board.