Happy Holiday and New Year

No more posting until the new year. Merry X-mas to all.

Hope everyone has a profitable and prosperous new year!

E-Mini Opening Gap Fade - ES

5 minute chart

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Stock:ES emini

Entry Bar:1
Entry Green Line:884.25
Stop Red Line: 890
Result: 881.25
Notes: I like to fade the opening gap when it sets up for a high probability trade. Determining if its a high probability trade requires studying past results for fading the opening gap. I use a service that I highly recommend that focusing mainly on fading the opening gap. I make only 5 or 6 trades a month with this setup but it gives me another weapon in my trading setups. I recommend taking a look at Master the Gap that I have been a member of for some time.

* 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.

Great Rental Movie

No trading today as I was quite hung over from a X-Mas party. Great movie for the weekend to rent.

Legend of Baggar Vance: about a man rediscovering what he lost.

2 Trades - Short and Long

5 minute chart

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.Stock: AAPL 5 minute chart

Entry Bar: 2 and 4
Setup Grade:
Notes: 2 trades in one...Took the gap n go short on the 2nd bar, scaled as I went. When the green hammer formed I got out and went long. Scaled out, moved my stop to even where I was stopped out. Two quick trades.

* 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.

Gap and Go - BBY

5 minute chart

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.Stock: BBY 5 minute chart

Entry Bar: 2
Entry Green Line: 26.60
Stop Red Line: 25.99
Result: .06 to 1.11
Setup Grade: B
Notes:I liked the volume and push placed my stop under the whole number. Scale as you go, hold some all day.

* 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.

Wedge Buster - RGLD

15 minute chart

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Stock:RGLD 15 minute chart

Entry Bar:4
Entry Green Line: 40.09
Stop Red Line: 39.67
Result: .77 to 1.28
Setup Grade: B
Notes: scale as you go, be sure you are taking some from the quick gainer, move 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.

Rocky 3 - Can never watch it enough

Gap and 123 pullback - ARO

15 minute chart

5 minute chart

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Stock: ARO 5 minute chart

Entry Bar: 18
Entry Green Line: 15.51
Stop Red Line: 15.33
Result: break even to .29
Setup Grade: B
Notes: Setup nicely on the 15 but was looking for a smaller bar. Found one on the 5 minute chart, with nice support from the 20 EMA. Scale out as you go, move stop to break 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.

Gap and Go - ABX

5 minute chart

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Stock: ABX 5 minute chart

Entry Bar: 2
Entry Green Line: 29.85
Stop Red Line: 29.35
Result: .35 to .80
Setup Grade: B
Notes: scale as you go

* 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.

30 Minute OR breatk - V

30 Minute chart

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Stock: V 30 minute chart

Entry Bar: 6
Entry Green Line: 54.98
Stop Red Line: 54.72
Result: .72 to 2.67.. let some run all day
Setup Grade: B+
Notes: scale as you go, let some run all day

* 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.

Gap &123 pullback - ADBE

5 Minute Chart

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Stock: ADBE 5 minute chart

Entry Bar: 4
Entry Green Line: 21.39 short
Stop Red Line: 21.67
Result: .39 to .54
Setup Grade: B
Notes: scale as you go

* 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.

Gap and Go Short - RIG

5 minute chart

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Stock: RIG

Entry Bar: 5
Entry Green Line: 51.49 Short
Stop Red Line: 52.26
Result: .66 to 1.46
Setup Grade: B
Notes: Took the short on a break of the low, scale as you go, move stop to entry.

* 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.

E-Mini Opening Gap Fade - ES

5 minute chart

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Stock: ES (S&P 500 futures)

Entry Green Line: 829.75 SHORT
Stop Red Line: 837.75
Result: Out 818.50
Notes: I like to fade the opening gap when it sets up for a high probability trade. Determining if its a high probability trade requires studying past results for fading the opening gap. I use a service that I highly recommend that focusing mainly on fading the opening gap. I make only 5 or 6 trades a month with this setup but it gives me another weapon in my trading setups. I recommend taking a look at Master the Gap that I have been a member of for some time.

Gap and Go Short - DNA

5 Minute Chart

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Stock: DNA 5 minute chart

Entry Bar: 2
Entry Green Line: 73.78 SHORT
Stop Red Line: 75.39
Result: 1.55 to 2.63
Setup Grade: A-
Notes: Scale out, let some run all day

* 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.

Happy Thanksgiving

Happy Thanksgiving!!!

May your stuffing be tasty. May your turkey be plump.
May your potatoes ' n gravy have nary a lump.
May your yams be delicious. May your pies take the prize.
May your Thanksgiving dinner stay off of your thighs.
MAY YOU ALL HAVE A BLESSED THANKSGIVING!

Away this week with the holidays. See you monday.

Squeeze - SSO

5 minute chart

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Stock: SSO 5 minute chart

Entry Bar: 22 after 12:45 PM
Entry Green Line: 23.17
Stop Red Line: 22.94
Result: 1/2 at 1R, stop to even trail rest with 8ema, scale out 1/4 ar 2R option -

Notes: Again this is a setup I have been experimenting for some time. I will not add this setup to my business plan unless it proves consistent and profitable for some time. http://howidaytrade.blogspot.com/search/label/New%20Squeeze%20Setup

-This is a quick hitter, get that pop on a nice consolidation break when the Bollinger Bands come out of the Keltner channels, look to see if there is some sort of consolidation on the 5 minute chart. Nice 123 pullback and green candle.

* 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.

Gap & Go Short- FRO

5 minute chart

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Stock: FRO 5 minute chart
Entry Bar: 2
Entry Green Line: 27.12
Stop Red Line: 27.54
Result: .53 to 2.12
Setup Grade: A
Notes: scale let some run all day

* 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.

This is good and so true - enjoy

Gap & 123 Pullback - MFE

5 minute chart

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Stock: MFE 5 minute chart

Entry Bar: 12
Entry Green Line: 28.13 short
Stop Red Line: 28.46
Result: 1.09 to 1.29
Setup Grade: B
Notes: scale as you go, nice resistance on the 200 ema

* 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.

Sling Shot - DRIV

15 minute chart

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Stock: DRIV 15 minute chart
Entry Bar: 20
Entry Green Line: 17.43
Stop Red Line: 16.87
Result: .24 to 1.30
Setup Grade: B
Notes: This sprang with the market, well beaten down. I scale out of these quickly, and let a little run

* 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.

Sling Shot - AMT

15 Minute Chart

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Stock: AMT 15 minute chart
Entry Bar: 7
Entry Green Line: 25
Stop Red Line: 24.33
Result: .25 to 1.00 with a break even for any remaining.
Setup Grade: B-
Notes: Not a great setup, liked the volume, I scale out of these quickly, and let a little run

* 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.