Thursday, April 30, 2009

Gap and Go 10 minute - MA

5 minute chart

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Stock:MA
Entry Bar:2 on 10 minute chart
Entry Green Line:185.42
Stop Red Line: using 5 minute chart - 183.30
Result: even to 3.35
Setup Grade
: B+
Notes: scale as you go, get your stop to even, small winner

* 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

Wednesday, April 29, 2009

Gap and Go 15 minute - MVL

15 minute chart

5 minute chart - stop placement

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Stock:MVL 15 minute chart
Entry Bar:2
Entry Green Line:30.12
Stop Red Line: 29.69
Result: .54 to .74
Setup Grade
: B+
Notes: scale as you go, nice setup on the 5 minute chart where you can also lay a stop. Let some run all day with a stop at entry. Still in trade

* 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

Tuesday, April 28, 2009

Gap Fill and GO - ETE

5 minute chart

30 minute chart

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Stock:ETE
Entry Bar: 9 on 30 minute chart
Entry Green Line:25.55
Stop Red Line: 25.39
Result: still in trade moving in my direction sell at close, High so far 25.73
Setup Grade
: B
Notes: Nice volume and on the 30 minute gap fill and room to run on daily, Slow to set up. Sell at end of the day. 5 was consolidating and scale out 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.

Learn to trade gaps

Monday, April 27, 2009

Gap and Go 10 minute - GCOM

5 minute chart stop placement

10 Minute Chart

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Stock:QCOM 10 minute
Entry Bar: 2
Entry Green Line:43.55
Stop Red Line: 42.72
Result: .40 to 1.04
Setup Grade
: B
Notes:

* 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

Saturday, April 25, 2009

Gap and Go Short 10 minute - BLUD

5 minute chart Stop placement

10 Minute Chart

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Stock:BLUD 10 minute chart
Entry Bar:2
Entry Green Line:18.46
Stop Red Line: 18.90 or 19.51 less conservative
Result: 2.46 to 4.71
Setup Grade
: B
Notes:this is called a home run, scale as you go. Use 5 minute chart to place stop.

* 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

Wednesday, April 22, 2009

30 Minute Candlestick Breakout - AAPL

30 minute chart

5 minute chart

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Stock:AAPL 30 minute chart
Entry Bar:2
Entry Green Line:124.51
Stop Red Line: 122.29 or more aggressive using 5 minute chart 123.22
Result: Still in trade stop at 123.76
Setup Grade
: B+
Notes: Market filled gap, AAPL is strong see volume, room to run on the daily. Consolidated on the 5 minute chart.

* 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

E-Mini Opening Gap Fade

5 Minute Chart - SSO proshares Ultra S&P 500

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Stock:SSO Gap Fill
Entry Bar: 1
Entry Green Line:22.03
Stop Red Line: 21.70
Result: Gap Fill (8 points on the emini)
22.48 SSO
Notes: I like to split my gap fades between the emini and SSO/SDS (pro shares ultra 2x the S&P 500) Again Master the Gap gives probabilities for gaps closing every day. I use these probabilities and other indicators to determine if I will fade a gap.

* 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

Monday, April 20, 2009

Wedge Short - BKC

Setup 5 minute chart

Result No follow through

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Stock:BKC 5 minute chart
Entry Bar: 4
Entry Green Line: 17.27 SHORT
Stop Red Line: 17.50 or conservative High of the day 18.01
Result: scratch trade to small loss depending on where you have your stop.
Setup Grade
: B
Notes: Down day, weak stock all over the board, no follow through. Stick to your stop and come back another day with a small loss.

* 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

Thursday, April 16, 2009

30 Minute Outside Range Breakout - AAPL

5 Minute Chart

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Stock: AAPL 5 minute chart
Entry Bar:7
Entry Green Line:119.70
Stop Red Line: 118.94
Result: .67 to 1.15
Setup Grade
: B+
Notes: Scale as you go, let some run all day if possible, get that 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.

Learn to trade gaps

Tuesday, April 14, 2009

Gap and Go 10 minute - GWW

5 Minute stop placement

10 Minute Chart

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Stock:GWW
Entry Bar:2
Entry Green Line:81.75
Stop Red Line: 80.75 using 5 minute chart
Result:
Setup Grade
: B, setup nicely on 5 minute chart, lots of room to run on the daily
Notes: Scale as you go, stop at even or sell at the end of the day - off to NY for the 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.

Learn to trade gaps

Monday, April 13, 2009

Gap and Go 15 minute - MR

5 Minute Setup

15 Minute Chart

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Stock:MR
Entry Bar: 2 on 15 minute chart
Entry Green Line: 23.01
Stop Red Line: 22.49
Result: .82 to 1.44
Setup Grade
: B..not the best daily chart and lower volume
Notes: Depending on your risk tolerance could place your stop at 3 different places on the 5 minute chart.

* 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

Awesome Movie Trailer - STAR TREK



Never watched Star Trek as a kid but the movie looks awesome. Great song as well that goes with the trailer. It's called Freedom Fighters from Two Steps from hell. Cant wait to watch it with my son.

Thursday, April 9, 2009

Gap and Go 15 minute - TGT

15 minute chart

Daily Chart

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Stock:TGT
Entry Bar:2
Entry Green Line: 39.37
Stop Red Line: 38.87 on 5 minute chart or Low of Day 38.37
Result: Still in trade, done for the day as this plays out.
Setup Grade
: B+
Notes: Scale as you go, lots of room to run on the daily

* 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

Tuesday, April 7, 2009

Gap and Go Short 10 minute - ADM

5 Minute Chart

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Stock:ADM
Entry Bar: 2
Entry Green Line: 26.30
Stop Red Line: 27 or 26.81 using 5 minute chart to place stop
Result: Still in trade as I type - up to +.82, with stop at even
Setup Grade
: B+
Notes: Scale as you go, stop to even. Close all at end of 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.

Learn to trade gaps

Monday, April 6, 2009

Free Fall - MAN

5 minute chart - SETUP


Result - scale as you go

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Stock:FAN 5 minute chart
Entry Bar:6
Entry Green Line: 33.71
Stop Red Line: 33.37
Result: .17 to .54
Setup Grade
: B
Notes: increased volume and nice pop and hammer. Scale as you go, 200 EMA a nice goal to get out of the entire package...didn't happen ran out of steam.

* 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